The Average Roth IRA Balance By Age Might Surprise You Most people assume they are behind because they see others flaunting success But the truth is, the average Roth IRA balance is lower than you think across every age group That means: -You are not behind -You still have time…
Retirement Isn’t an Age (It’s a Number) Most people think retirement happens at 65. Wrong. It happens when you hit your freedom number. 👉 Step 1: Figure out how much you want to spend each year in retirement. 👉 Step 2: Multiply that by 25 (the 25x Rule). Example: $80,000/year…
What Is a Brokerage Account? A brokerage account is an investment account that lets you buy and sell assets like: -Stocks -Index funds -ETFs -Bonds It’s the most flexible way to invest because: ✅ There are no income limits ✅ You can withdraw anytime (though there may be taxes) ✅…
Think you're behind on retirement? Let’s talk 401(k)s. Most people don’t realize how little the average American has saved for retirement, especially in their 401(k). The truth? The average balance by age is much lower than you think. That means: -You’re probably not as far behind as you feel -Most…
In this episode of the Personal Finance Podcast, we are going to talk about the five Side Hustles that can turn into a full-time business, part two. How Andrew Can Help You: Join The Master Money Newsletter where you will become smarter with your money in 5 minutes or less…
What Is a 401(k) and How Does It Work? A 401(k) is a retirement account you open through your employer. It lets you invest before taxes are taken out of your paycheck, which means you save more and pay less in taxes today. Here’s how it works: 👉 You contribute:…
What is the average net worth BY AGE? Most people have no idea what their net worth should be, so they never check. But here’s the truth: Your net worth is the best snapshot of your financial health. It’s not your income. It’s not your credit score. It’s what you…
In this episode of the Personal Finance Podcast, we are going to talk about the 9 things you need to do to become a millionaire next door. How Andrew Can Help You: Join The Master Money Newsletter where you will become smarter with your money in 5 minutes or less…
How to Start Investing with Just $100/Month Think you need thousands to invest? Nope. $100/month is all it takes to get started. 👉 Step 1: Open a Roth IRA or a brokerage account (Fidelity or Vanguard are great). 👉 Step 2: Automate a $100/month deposit. 👉 Step 3: Buy low-cost…
Most people think they're behind financially. Plot twist: you're probably doing better than you think. The Instagram economy convinced us that if you're not buying avocado toast AND a house by 25, you're failing at life. Most "successful" people you see online are either lying, lucky, or leveraged beyond belief.…
Ask This 3-Second Question Before You Spend a Dime Before you swipe your card or hit “Buy Now,” pause and ask: 👉 Does this help me achieve my goals? 👉 Does this truly bring me value? If the answer is no — walk away. This tiny habit stops impulse spending…
Save 1% More Every Month - Watch How Fast You Build Wealth Most people think they need huge sacrifices to get ahead. Wrong. Start small. Increase your savings rate by just 1% each month. If you’re saving 5% now, bump it to 6% next month. Then 7%, then 8%... you…
As net worth grows, where people store their wealth changes. $100K–$1M: Mostly in retirement accounts and homes $1M–$10M: Retirement + businesses $10M+: Mostly businesses Wealthy people avoid putting significant money into cars, focusing instead on assets that grow.
Most lower- to middle-class people make the mistake of putting too much of their net worth into cars, which are depreciating assets. If you want to build wealth, don’t sink your money into something that loses value the moment you drive it.
Cut. Identify. Automate. ✅ Cut your unnecessary expenses. ✅ Identify where those extra dollars should go — savings, debt payoff, or investments. ✅ Automate it so it happens without thinking. This simple 3-step system turns wasted money into wealth. Set it once. Let it work forever. Follow @mastermoneyco for more!…
Before buying a home, run the numbers—specifically, calculate the Total Cost of Ownership. That includes closing costs, homeowner’s insurance, and more—not just the price tag. Too many buyers underestimate the real costs of homeownership.
In this episode of the Personal Finance Podcast, we are going to talk about how to plan for healthcare costs by age. How Andrew Can Help You: Join The Master Money Newsletter where you will become smarter with your money in 5 minutes or less per week Here https://bit.ly/3RSGhUH Learn…
Income is the key to solving financial problems, but income alone isn’t enough—you need to manage it wisely. Even millionaires can be broke if they spend it all. The real wealth-building power comes when you invest those extra dollars.
Ever regret buying something you didn’t really need? Here’s a simple rule: pause before you purchase. Give yourself a 24-hour cooling-off period for anything non-essential. Wait 30 days for bigger purchases. Most of the time? You’ll realize you don’t even want it anymore. Impulse buys drain your wallet. Patience builds…
The Rule of 25 is a simple formula to calculate how much money you need to retire. If you want to spend $80,000 per year, multiply it by 25—you’ll need $2 million invested to safely fund your retirement.
Increasing your income is the fastest path to wealth—it’s the real “millionaire fast lane.” But it’s not just about earning more; it’s about knowing how to manage that income and put it toward financial freedom.
Do this for decades and wake up one day “accidentally” rich. Automate your paycheck. Direct deposit straight to checking—no manual moving money. Pay yourself first. Set up automatic transfers to savings and investments the day you get paid. Invest in index funds like VOO and VTI. No guessing—just steady growth…
In this episode of the Personal Finance Podcast, we will talk about can you achieve FIRE with only stocks money. We will answer these questions: 1. What to do if I’m a contract worker? My salary is not deducted for retirement 2. Can you discuss life insurance options and what…
