We Have It So Good

So, I recently just got back from Bali.

And, I loved it! It’s a beautiful place with beautiful people, but it is also a very impoverished.

Most people there make only $10/day and work 6 days a week. Most will never buy/own a car.

According to Pew Research Center, 18.1% of people in Indonesia are poor, compared to 15% of people globally, and only 1.6% of people in the United States. Continue reading “We Have It So Good”

Advertisements

Don’t Sign Up for Equifax’s Free Credit Monitoring

At One Millennial World, I am adamant that I will never write content influenced by or paid for by an advertiser. To support my work, I might make money from some links to companies and deals on this site. Learn more about my guarantee here.

 

Following the massive Equifax data breach that has potentially exposed the personal information of 143 million Americans, I am strongly urging everyone immediately freeze their credit right now!

Credit freezes are one of the most effective ways for consumers to protect themselves against identity theft. Continue reading “Don’t Sign Up for Equifax’s Free Credit Monitoring”

Traveling Makes Your Richer

Hi all!

If you follow me on Twitter or Instagram than you know that I just got back from 10 days in Bali (Indonesia)! Feeling a bit jet lagged right now (been up since 3AM), but its all well worth it since Bali was an amazing experience!

Bali is such a beautiful place to relax, unwind, and immerse yourself in a completely different culture and way of life. Continue reading “Traveling Makes Your Richer”

Why, When and How You Should Max Out Your Retirement Accounts

It’s never too late -or too early- to start saving for retirement. If you are just starting to save for retirement, focus on saving as much as you can now. Your biggest asset is time!

 

But, where to start? What type of retirement accounts should you have?

It can get confusing fast with all the different options, advice and opinions in terms of just where to begin. But, your overall goal is to start saving for retirement asap and work up to maxing out all avaiable retirement accounts.

Continue reading “Why, When and How You Should Max Out Your Retirement Accounts”

What You Need to Know About Your 401(k) Fees

What You Need to Know About Your 401(k):

Your 401(k) Might Be Charging You High Fees and Severely Decreasing Your Returns

 

You may have already heard or read about both high-profile brokerage firms and employers, such as Edward Jones, Brown University, Delta Airlines, MIT, NYU and Yale, being sued by plan participants and employees for high fees in their 401(k) plans. 

Employees and plan participants are fighting back against high, exorbitant 401(k) fees, and recent lawsuits decisions have proven that the courts are beginning to side with them. Continue reading “What You Need to Know About Your 401(k) Fees”

Why You Need to Know Your Credit Score

Credit Sesame

 

A great credit score is what most of us aspires to. After all, a credit score is one of the important determining factors when it comes to borrowing money – and getting a low-interest rate when you do. If you ever plan to buy a car, a house, open a credit card, start a business, etc. you need to understand what a credit score is, what your personal credit score(s) is, and how it affects your personal finances.

 

Credit Scores

 

But trying to pin down a specific number that means your credit score is “good” can be tricky. After all, there are lots of different credit scores that lenders use when trying to decide your “risk level” and whether to grant you a loan.

 

How Do You Rate?

 

Most credit scores – including the FICO score and VantageScore 3.0 – operate within the range of 300 to 850. Within that range, there are different categories, from bad to excellent. They generally look like this: Continue reading “Why You Need to Know Your Credit Score”

6 Habits You Must Start Now to Achieve Financial Independence Later

Financial Independence

 

According to Wikipedia, financial independence is “the state of having sufficient personal wealth to live, without having to work actively for basic necessities”. Many of the things we do right now to improve our personal finances are meant to reach this ultimate goal in which we no longer have to worry about money and/or its source (ie working).

This is also synonymous, and a prerequisite, for retirement. Continue reading “6 Habits You Must Start Now to Achieve Financial Independence Later”