Student Loans Amount Due by College Degree

 

Read the full Instagram post H E R E

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Average Car Payment in USA September 2022

Whoa!!! 😦😠😧

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HENRY: The I am Broke Movement

 

 

D U M B:  Doesn't Understand Money or Business

And he said unto them, Take heed, and beware of covetousness: for a man's life consisteth not in the abundance of the things which he possesseth.

(Luke 12)

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No More Car Loans for Us!

 Slowly, but surely, we are being unshackled from the burden of debt.  We praise the Lord Jesus Christ, first and foremost. 

This will be our last car-loan debt payment in our married life, God willing. Payments in cash 💲only;  and rice-and-beans meals is what we are willing to do in order to reach our financial goals. I know -- easy to say, but hard to do. God help us!

pc: Chris Hogan

The rich ruleth over the poor, and the borrower is servant to the lender.

(Proverbs 22 )

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After You've Avoided a Financial Disaster

 3 important things to remember after an investing near miss

by Vanguard 

(pc: Vanguard) Stash some cash!

Things are going to happen in life that you'll need money for, friend. Will you have enough to cover an inconvenient car repair? Or a trip to the vet for your pet?

Having a comfy stash of emergency savings can help you regain your footing after an unexpected "uh-oh!"

Everyone's emergency is different. But it's a good idea to have enough saved up to handle a day-to-day headache like a broken window, or even a longer-term situation like being unable to work.

Your emergency savings should be available at a moment's notice and kept someplace safe from extreme movements of the market. That way, you'll always have it when you need it.

Prepare yourself to foot those emergency bills. 

- email from Vanguard

pc: Vanguard

Read full Vanguard article H E R E

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PIF: Paid-off a Large $$$ Loan!

We recently completely paid-off our 401-k loan! We got the loan in Yr 2016; it had a 5-year term; and an interest rate of 4.5% (which was paid back into the account). What a load off of our financial backs 👍❤

The main reason for the loan was a trip to Europe to attend our oldest son's wedding. We went on a trip to Paris afterwards,  and paid for our other son's college tuition. Of course, we  also gave a cash gift to the Bride and Groom.  So, $30K later, the loan is finally paid in full --done and gone, whew! We intend it to be our very last 401-k loan ever, Lord willing. 

PIF. Yay, Praise the Lord!

For the LORD giveth wisdom: 

out of his mouth cometh knowledge

 and understanding.

How Do 401(K) Loans Work?

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LIST: Do 3 Things to Avoid Poverty

 Dare I say it?  It's as  simple as 1, 2, and 3! You want proof? Look around at any people for whom you have an ounce of admiration for the stability in their lives. I bet you $20 that the majority had done these three. 

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Retirement & Investment: Are You on the Millionaire List per Fidelity?

Number of 401(k), IRA millionaires continues to surge - by Matthew Rocco

The number of “401(k) millionaires” surged in the second quarter, as broad gains in the stock market lifted the value of Americans’ retirement plans.

Fidelity Investments said Thursday the number of people with at least $1 million in their 401(k) plan climbed to 168,000 by the end of June, up 41 percent compared to the same quarter in 2017. The company also noted that the percentage of 401(k) millionaires who are women rose to 21 percent.

source: Fidelity Investments

The number of IRA millionaires also grew, hitting 156,000.

Overall, retirement savings have improved among 401(k) and IRA holders following a dip in the first quarter.

The average 401(k) balance nearly hit an all-time high. Fidelity said the average balance was $104,000, up 6 percent from $97,700 in first quarter last year and just shy of the current record of $104,300. The average IRA balance increased nearly 7 percent year-over-year to $106,900. Balances in 403(b) accounts also posted gains compared to last year.

“The stock market’s performance over the past several years has definitely helped retirement savers, but now would good time for investors to take a moment and make sure they are doing their part to meet their retirement goals,” Kevin Barry, president of workplace investing at Fidelity, said in a news release.

Read the Fox Business article H E R E

Fox Business: Number of 401(k) Millionaires Surge

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