Ben Le Fort
Bio
Founder of the personal finance website Making of a Millionaire | Personal finance writer | Author of the upcoming book, “The Financial Freedom Equation”
Stories (4/0)
What Is the Best Retirement Saving Tool?
There is an inconvenient truth about retirement savings. Unless people are forced to save, they won’t save. At least not enough to make a meaningful dent in what they need for retirement. That is why Defined Benefit pensions are the perfect retirement savings tool. I say this even though I would personally like to trade in my Defined Benefit pension for a Defined Contribution plan.
By Ben Le Fort2 years ago in Trader
4 Simple Ways to Reduce Financial Anxiety
Our finances are a mess The current state of most people’s finances is scary. Americans owe $1 Trillion in Total Credit Card Debt. Last year they paid more than $104 billion in interest payments on that credit card debt. The Average American Owes $6,375 in Credit Card Debt. It’s estimated that 20 million Americans have a shopping addiction. Nearly twice as many people have a credit card compared to the number of people who have a retirement account. 44% of People couldn’t handle a $400 emergency without borrowing money. 37% of Americans have admitted they have gone to sleep hungry because they didn’t have money. 5% have admitted to having taken half-eaten food out of a garbage can.
By Ben Le Fort2 years ago in Trader
Turning Your Biggest Expenses Into Cash Flow
If you earn a six-figure salary, pat yourself on the back because you are killing it on the income front. Earning $100,000 per year means you earn more than twice what the average American worker earns each year. Earning six-figures would also put you in the top 10% of income earners.
By Ben Le Fort2 years ago in Trader
Dividend Investing Is Not Rational
In my lifetime, I have lived through difficult financial stretches. Periods where I did not have enough income to cover the bills. This has left me with a fear of not having enough income. This anxiety remains to this day even though I have been saving a large surplus of my income for years. Having a reliable income is key to financial security. This has led many people to turn to dividend investing.
By Ben Le Fort2 years ago in Trader