$20 an Hour Is How Much a Year?
For many people, the idea of making $20 an hour sounds like starting salary perfection. Because the federal minimum wage is just $7.25 per hour, getting paid $20 an hour would be a great way to increase your yearly salary significantly. But how much is this actually? In this article, we’ll explore what it means to earn 20 dollars an …
READ MORE
How to Make $1,000 Fast (33 Quick Ways to Make $1,000 This Month)
A recent survey by the Research Department of Statista.com revealed that 34% of Americans had less than $1,000 in their savings accounts. This might sound disturbing, but this was actually far better than a survey CNBC reported on a few years ago that nearly 70% of Americans had $1,000 or less in savings. Still a Bankrate survey revealed 41% of …
READ MORE
Rich vs. Wealthy: What’s the Difference?
Isn’t it funny how childhood experiences shape our views of rich vs. wealthy, as well as who has money compared to who doesn’t? There are several memories from my own childhood that made me think I knew how to tell if someone was rich, yet one in particular still sticks in my mind. When I was in high school, there …
READ MORE
What Are the Consequences of Not Having Life Insurance?
Before I started writing in the personal finance space, I spent nearly 8 years working alongside my husband in a funeral home. My husband Greg worked as a mortician, and I was the Director of Family Services. I learned so much about living and dying during my years in the mortuary business, but there’s one that stuck with me — …
READ MORE
Traditional IRA vs. 401(k) Plan – Which Plan Wins?
Financial bloggers often portray the traditional IRA vs. the 401(k) plan as a debate, as if one plan is better than the other. In truth, they’re very different plans, and they fill very different needs. If you can, you should plan to have both. This is especially true if your 401(k) plan is fairly restrictive. A lot of them are. …
READ MORE
What Is a Family Trust and Should You Set One Up?
The concept of a family trust—also known as a revocable living trust—isn’t very well understood by many people. The differences between a trust and a simple will, for instance, are frequently confused. While it’s somewhat more time consuming—and therefore, more expensive—to have a family trust prepared than a will, there are significant benefits of the trust for many individuals. I …
READ MORE