5 signs you are on track for early retirement
Though the average American retires at age 63, some have been able to do so much earlier in their lives
According to CNBC’s “Make It,” there are several signs to look out for that could indicate an early retirement. Some of these signs include the following:
➖You create multiple streams of income, with earnings coming from passive income, real estate, or even a side-hustle.
➖You pay yourself first by automatically withdrawing money from your paycheck and depositing it into your savings account.
➖You have more than one savings account, with options including low-cost index funds, health savings accounts, or Roth IRAs.
➖By tracking your expenses, you know where all of your money goes and you live within your means.
➖You see money as an investment tool.
There are #TwoRoads to retirement.
Contact us today to find out more information on our services including:
• Top GIC Rates from across Canada
• DOFASCO Pension Specialists
• Retirement Income Management
• Family Estate and Tax Planning
MEET THE AMBASSADORS-
TOM KOHLER-CADMORE - @tomkcadmore
Tom is a professional Cricketer for Yorkshire whom has also been included in this years England Lions Winter tour to the UAE after an impressive summer for Yorkshire, amassing over 1,300 Runs.
A very focused and resolute individual with a clear mindset, we are delighted to have Tom as an ambassador for the company, despite his questionable approach to fashion😜
Saving money should be a top priority, but how much is enough?
A coffee here and a dinner there can really add up and impact your financial future if you’e not careful with the things you purchase.
Most people know that saving money is necessary, but it’s also hard to do
One way to approach saving money is to go by the 50-30-20 budget rule
That means to take 50% of your paycheck and put it towards paying for needs like housing, transportation and bills
30% should go towards your wants like entertainment, gifts and dining out
And the last 20% should go in your savings for emergency funds
“Emergency funds are so important for people to start building up. You want to have at least $500 in your bank account just so you can handle an unexpected expense like your car breaking down or anything like that,” stated Kimberly Palmer from Nerd Wallet
But keep in mind this is just one way to budget a savings, and if you’re able to do more, then you should do so.
Schedule a meeting with one of our expert and trusted financial advisors to discuss your financial goals and how we can help you achieve them.
Call us or visit our website today: www.bnafinancialgroup.com
😭 Often we get discouraged because things don’t go according to plan. Marketing is so like this. Experts (and I use that term lightly) set business owners up for disappointment because they promise it’ll be easy.
“All you need is a Facebook page, a logo and cover photo - then just share some stuff and 💥... 💰!”
❌It doesn’t work like that. It takes planning, organization, proper set up and execution... not to mention tracking.
😫 YES. It’s a ton of work. But it’s worth it!
🧐If you’re worried because you’re not seeing results and you launched a few weeks ago, don’t sweat it.
😬But if you’re sitting there worried because you’ve queued up a bunch of content to go out for the next months, without a plan - give me a buzz!.
✅ I can help you put a strategy together based on the business outcomes that are important to you!
To be able to achieve impact over the long run, organizations need revenue models that generate enough reliable revenue to cover the cost of doing business. So, is your organization living within its means? Sounds like a simple question, but nonprofit accounting often masks an organization’s true financial health, and in turn its ability to deliver on its mission.
In this engaging webinar, nonprofit expert Jasmine C. Fortune will help you unravel the mystery of nonprofit finance to determine if your organization is really generating enough reliable, recurring revenue to cover its operating expenses.
Designed for nonprofit leaders with at least some basic experience with budgeting and nonprofit finance, Jasmine provides actionable tips and real-world examples to help anyone focused on achieving measurable impact in their organization.
Specifically, you will learn:
* Some of the common challenges to nonprofit sustainability * How to identify what it really takes to run a financially sustainable nonprofit, including the costs that don't get captured under program and operating expenses
* Why all revenue isn’t created equal
* What we can do to close the gap between what you charge for your programs and the cost of delivering those programs
* How to make your budgets a better management tool
* Where to find some easy-to-use budget templates you can begin using today
Understanding Operating Performance is the second in our Think Money For The Community webinar series designed to help social sector leaders end the culture of scarcity that has plagued the sector for a long time now. 💼 ••••••••••••••••••••••••••••••••••••••••• #UrbanEntrepreneurs#Community#Mompreneur#blog#GraphicDesigners#Realtors#Cosmetologists#HairCompanies#PublicRelations#SummerReading#RetailShopOwners#SummerCamp#FinancialAdvisors#Philanthropy#Videographers#Journalist#NonProfits#PrivatePractices#Attorneys#RestaurantOwners
15 1282:13 AM Oct 8, 2016
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