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More than half of American adults don’t know how much money they’ll need to retire, according to new data — and that’s alarming.
Without understanding how much money they’ll actually need, many people are failing to effectively save for retirement, says Emily Holbrook, senior director of planning at Northwestern Mutual.
"You need to not only have a rule of thumb, but really think through what retirement looks like to you," Holbrook says.
And remember, retirement doesn’t look the same for everyone and what works for your friend or neighbor may not be enough for you.
To get a ballpark idea of how much you should aim to save, click the link in bio.
#cnbcmakeit #cnbc #money #retire #retirement #wealth #save #savings #finance #personalfinance
I did not have a great day. I wasn’t productive, I didn’t feel great and everything seemed to annoy me when it probably shouldn’t have.
But a moon and sunrise gives us all a new chance for a better day. Try try again tomorrow. .
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#debtfree #debtfreecommunity
#debtfreejourney #debtfreedom #debtfreelife #personalfinance
#financialfreedom #buildwealth #financialindependence #savemoney #moneysaver #fire
#savingmoney #frugal #frugalliving
#frugallife #budgetgirl
I can’t count how many people told me to get rid of Rory to save money when I was getting out of debt. It honestly made me livid. First, pets are family. They are not disposable. It’s a commitment you make when you get them and unless it’s a matter of you eating or them, I would never telll someone to get rid of their pet. But second, pet care does not have to be expensive! There are a ton of ways to save hundreds and even thousands of dollars on your pet each year, without sacrificing quality of life. I go over food, vet, grooming, toys and more in today’s new video - link in bio. What is your favorite personality trait your dog has? Rory throws a small tantrum whenever someone won’t share a blanket with her. I never get sick of it.
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#pets #petcaretips #moneysavingtips #debtfree #debtfreecommunity
#debtfreejourney #debtfreedom #debtfreelife #personalfinance
#financialfreedom #buildwealth #financialindependence #savemoney #moneysaver #fire
#savingmoney #frugal #frugalliving
#frugallife #budgetgirl
Why buying a new car is ‘one of the worst financial decisions you can make in your life,' says millennial who saved $1 million. ⠀
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Do you agree? ⠀
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Full interview, in the link in bio.⠀
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#cnbcmakeit #cnbc #money #car #millennial #lifestyle #cars #carsofinstagram #luxury #carlifestyle #instacar #cargram #auto #automotive #drive #carinstagram #finance #personalfinance
Did you know Shaq has built an empire of income producing assets? He is certainly on his way to joining Jordan in the billionaire athlete club! Making a crap ton money in your career isn't enough; you need to invest in income producing assets if you want to support the lifestyle you'd like to have.
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follow @early20smoney for more!
follow @early20smoney for more!
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#shaq #shaquilleoneal #investors #moneytips #moneymoney #investing101 #investingtips #entrepreneurtips #jeffbezos #stockmarket #businesstip #businessideas #nbanews #goat #businessquotes #successtips #successquotes #early20s #personalfinance #financetips #passiveincome #successfulquotes
One year later... still true. Prime Day is now marketing itself as the largest online shopping day of the year. Do yourself a favor and don’t go looking for something to spend money on. You save 100% by not buying anything. Also the deals aren’t that great- I promise you. They’ll be the same or better on Black Friday or at Christmas.... there will always be another sale. .
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#whoswithme ♀️ #challengeaccepted #ordontevenlookatthedeals #primeday #avoidmoneywaste #debtfree #debtfreecommunity
#debtfreejourney #debtfreedom #debtfreelife #personalfinance
#financialfreedom #buildwealth #financialindependence #savemoney #moneysaver #fire
#savingmoney #frugal #frugalliving
#frugallife #budgetgirl