Barbara Friedberg's Blog: Barbara Friedberg Personal Finance, page 2

Why Can’t I Save Money? 10 Tips To Overcome Your Savings Barriers

Why is it hard to save money?

Originally Published on SavingsAdvice by Amanda Blankenship – reprinted with permission.

Saving money can often feel like an uphill battle, leaving many people wondering, “Why can’t I save money?” Despite our best intentions, various obstacles can hinder our ability to build a healthy savings account. Barriers to saving money include impulse buying, high debt levels, lifestyle inflation and peer pressure. Despite the important reasons to save money, there are ...

8 Retirement Planning Tips for 50 Year Old’s

Best Ways to Save for Retirement in Your 50s – and more

You’ve hit the big 5-0 and the reality that you’re not going to work forever sinks in. If you’re like most Americans, your retirement account is on the lean side. A recent Economic Policy Institute article reports that for households between ages 50 and 55, the average savings balance is $124,831. Yet, all is not lost and at age 50, there’s still a solid 15+ years to go before retirement. With targeted planning, you’ve got time...

8 Retirement Planning Tips for 50 Year Old’s

Best Ways to Save for Retirement in Your 50s – and more

You’ve hit the big 5-0 and the reality that you’re not going to work forever sinks in. If you’re like most Americans, your retirement account is on the lean side. A recent Economic Policy Institute article reports that for households between ages 50 and 55, the average savings balance is $124,831. Yet, all is not lost and at age 50, there’s still a solid 15+ years to go before retirement. With targeted planning, you’ve got time to craft ...

How Much Money Do I Need To Hire A Financial Advisor?

My first experience with a financial advisor was in the early 1980’s, and he was a stockbroker. The minimum to hire a financial planner and invest was a few thousand dollars. The financial advisor got paid by commission. When I bought the mutual funds he recommended, he received a commission. There was a conflict of interest as he was financially motivated to sell me high commission funds, and there were no ETFs or the Fiduciary Rule,1 which mandates that the advisor acts in the best interest of...

Bonds vs Bond Funds – How To Invest In Bonds

What’s the Difference Between Individual Bonds and Bond Funds?

Finally, with interest rates delivering reasonable cash flows, bonds and bond funds are getting exciting. You can make money with bond funds. Two benefits of bonds and bond funds are to stabilize a volatile investment portfolio and to deliver periodic cash flow. Find out the differences between individual bonds and bond funds and learn how to add bonds to your investment portfolio.

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How to Beat Inflation – 10 Actionable Tips

How Can You Counteract the Impact of Inflation?

“Inflation is as violent as a mugger, as frightening as an armed robber and as deadly as a hit man.” Ronald Reagan

From 2008 through 2020 inflation bounced around between -0.4% in 2009 to a high of 3.8% in 2008, during the mortgage meltdown crisis. After the 2020 Covid pandemic, with accompanying supply chain shortages, inflation surged to a millennium high of 8.0% in 2022. Despite reduced inflation of 4.1% in 2023 and the first half of 202...

How To Become A Millionaire by 40 – 9 Strategies That Work

A millionaire by the time you turn 40? It sounds unbelievable, right? But if you are in your early 20s, fresh out of college, starting a new job, and have the will to become a millionaire as soon as possible, you can make that happen before you turn 40. If you’re not in your early 20’s and want a million dollars by 40, you’ll need to save, earn and invest more, than if you started earlier. Becoming a millionaire by 40 is achievable, and here’s how.

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How To Make Money Buying And Selling Websites

How to Flip Websites for Profit

Buying and selling websites for profit is often called Flipping Websites. Flipping is a well-known term in most side hustles. Flipping means buying an asset and then reselling it for a profit. Flipping websites can be profitable, done from home and completely online. Website flipping, is like any arbitrage, buy a website, improve it and then resell it for a profit. And for those low on cash, there are profitable websites for sale that make money and don’t cost ...

8+ Online Jobs for Seniors and Retirees

Ways for Seniors to Make Money

More and more seniors are keen to find out how to make money in retirement. Either by choice or necessity, the idea of retiring to a life of complete leisure is becoming a distant memory.

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According to recent data from the Pew Research Center, the number of Americans aged 65 or older doubled over ...

10 Secrets To Becoming A Millionaire – At Any Age

How To Make a Million at any Age

Wondering, “How to make $1 million dollars? There are multiple secrets to becoming a millionaire, but it is not easy. According to a recent Motley Fool article by Christy Bieber, “What Are the Odds of Becoming a Millionaire?” the U.S. has roughly 24,500,000 millionaires. With 336,000,000 people in the U.S., approximately 7.3% of the population are millionaires.

You control the odds of becoming a millionaire, but as with any goal, it starts with commitment. ...