Life Insurance
This article is about Life Insurance specifically but is part of a larger section about Understanding Basic Insurance Needs There are two types life insurance, Term, and Permanent. The majority of people opt for [...]
Understand the Different Types of Insurance
In addition to health insurance, these are other major types of insurance to consider. Depending on your situation you may not need all of these. If a given insurance type seems relevant to you, click [...]
How to Achieve an Earlier or More Affluent Retirement
If you want to retire before you originally planned, you want a more affluent retirement lifestyle, or you want to build a buffer against a lower-than expected rate of return, you can increase [...]
Retire by Your Goal Retirement Age
In a previous task, you calculated your retirement nest egg number for three different methodologies and wrote it down in the notes section. You may also have used the MoneySwell Retirement Planner to [...]
Calculate Your Emergency Fund for Independence
To calculate your emergency fund, you need to consider both the purpose of the fund and the expenses you hope it will cover. Review examples of common purposes and expenses below. For expenses, determine [...]
A Six Month Emergency Fund & Beyond
An emergency fund larger than six months of living expenses isn't always essential. However, personality, life circumstances, the purpose of the fund, or other financial goals, may make an emergency fund larger than [...]
Build a Mindset for Financial Independence
Your financial independence mindset should be based on… Defining what “Financial Independence” (FI) means for you Developing a clear picture of why you’re working toward FI Determining your balance between spending for today [...]
Increase Retirement Savings Rate to Extent You Can
Based on the items you already completed in the Growth tier, you should be ready and able to increase your savings rate from the percent you previously set. Use the MoneySwell Cashflow Goals [...]
3 Ways to Calculate Your Retirement Number
In the notes for this task, write down all three of target retirement nest egg numbers based on the methods you previously read about here. This includes:4% Withdrawal RuleIncome Multiplier MethodAnnual Spending MethodThen, add [...]
Types of Passive Income Opportunities
Types of Passive Income: Passive income may come in a variety of forms including rental income, a business you own, or "gig work." Levels: There are multiple levels of “passivity” for passive income. [...]
in Boulder and San Diego.