Retire as early as possible, but not earlier than possible

There is risk if invest in stock market. It also brings up your worry-ness level.

To be truly retired without worry, the best way to do that is make sure the post-retirement income is risk free.

I would suggest to use your projected annual income divided by 5%, that’s should be how much money you will need to retire without worry.

For example:
I need $30000 annually. so i need 30000/0.04=600k to retire comfortably with most of my money invested in 4% bond and a bit money in stock market. Even my stocks investment falls; I still get the money from the fixed income.

Here is a quick calculation for people who needs to know how much they need to retire:

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Shopping but forgot your coupons?

Have you ever purchase something and forgot that you could have saved 10-25% percent but you forgot to bring your coupons? What about forgetting to bring your Air Mile Card? Well, I certainly have forgotten many times.

Here is a good advice for the forgetful and busy ones, so next time when you go shopping you won't forget them:
1) Put your coupons in your car's cabinet.
2) Put your Point cards (air miles, petro point, department store point card, home depot, pc card ect...) in your car's cabinet.




3) for people who don't drive, you can keep some point cards/coupons in your wallet just in case, but try avoid overstuff the wallet, or you end up with a George Costanza Wallet.


Final Word:Keep your life simple, make things easily accessible.

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How to lower the interest on loan and credit card debt?

We will tackle this issue head to head. There are Credit card loan, mortgage, student loan and what not. The interest rate ranging from 7% to 18 %; yeah, that’s gonna eat up a big chunk of your pay check.

What you want is lower the interest you pay so you can pay less interest and get out of debt quicker. Here is something you didn’t know that can actually lower your monthly interest:

- Call your credit card company and ask them to lower your interest rate.

- Get a line of credit with lower interest rate. Borrow the money from your line of credit and pay off the high interest credit card first.

- Last and the most effective way is to get a 0% interest credit card. Use the money borrowed from 0% interest credit card to pay off your other high interest debt. (note. 0% interest promotion usually last 12 to 15 months)

You can find all the 0% interest credit cards here.

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You can't teach money

Law professor Lauren Willis suggests that we just give up on financial literacy - she says it's a waste of time and can even get you into trouble.

(Money Magazine) -- When Americans are in financial distress, politicians often call for better education. Case in point: The Economic Recovery Act of 2008 allocates funds to improve borrowers' knowledge of home loans.

Lauren Willis, an associate professor at Loyola Law School in Los Angeles who specializes in financial products regulation, says that's the wrong move. She argues that trying to teach consumers to make wise money choices is not only a waste of time and resources, it may be dangerous.

Question: What's so bad about financial education?

Answer: It doesn't work. Sellers of financial products spend billions drowning out well-meaning messages to consumers from nonprofits or government agencies.


Continue...

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