Retirement

Wealth is greater than income

One of the biggest points that I like to highlight in money conversations is emphasizing the difference between wealth and income. Wealth is defined as your net worth; the total value of all your assets, minus your liabilities. Income is defined as your salary; the money you receive in exchange for your time/goods/services. Unless you’re…… Continue reading Wealth is greater than income

Retirement

What to do if your company doesn’t offer a retirement plan

A friend of mine is about to start a new job with a company that offers no company retirement plan. This is a tough situation to be in, mostly because it means that saving for your retirement is now in your hands. Most companies make it easy – you set your contribution amount, and you…… Continue reading What to do if your company doesn’t offer a retirement plan