It has become increasingly popular to plan for early retirement. Specifically among younger people. According to a CNBC Make It: Your Money survey in partnership with Momentive, nearly 30% of millennials and 25% of Gen Zers expect to need $1 million or more to retire comfortably. — Additionally, according to Fidelity Investments, retirement can last as long as 25 years. Of course, meeting this financial goal when 55% of working Americans claim that they are behind on their retirement savings seems impossible. However, don’t get too frustrated if you believe that you’ll never be able to retire…

Tim Pawlenty, president and CEO of Financial Services Round Table and former governor of Minnesota, once said, “Financial literacy is an important part of avoiding financial mistakes and planning for a strong, secure financial future.” He might not have realized it at the time, but this quote is spot-on. — In a survey conducted by the National Financial Educators Council, 38% said their lack of financial literacy set them back at least $500 in 2022. And, this also includes the 15% who said it set them back by $10,000 or more. For comparison’s sake, in 2021, it was about 11%.

There are a lot of good reasons to improve your credit score. It can help you secure an apartment, qualify for a mortgage or car loan, and pay less for home and car insurance. I can also help you negotiate better rates and terms on financed purchases. It may even let you access more valuable rewards and perks that often come with credit cards that are targeted to people with excellent credit. — For the first year of the pandemic, some low-income households in the U.S. actually saw credit scores rise. This may have been due to several things. There was an influx of pandemic relief cash authorized by Congress. Also, many people had lower expenses thanks to the sudden stop of commuting…

Right now is a tricky time to manage investments. Stocks, real estate, gold, and crypto are all in bear market territory with a huge chance that the recession will worsen this year. — If you’re looking to make a risky bet, you could consider shorting the market in various capacities. However, if you’re looking to allocate capital as as possible, here are some options with (relatively) high returns.

Business credit cards are one of the most practical forms of small business financing. Not only do they provide a revolving business line with an interest-free grace period, but they also help separate your business and personal transactions. — Getting a business credit card with bad personal credit can be challenging, but it’s not impossible. Here’s what you should know before you start applying.

If you want to build wealth, you’ll need to earn money while you sleep. The only way to do this? Generate passive income. — Sadly, passive income can seem overwhelming, since it often takes a lot of hard work or money upfront. The good news is that you can create extra income while you’re not working with the help of passive income apps. For those looking to make extra money without spending all of…

Having bad personal credit, admittedly, doesn’t make it easy to build business credit. But it can certainly be done with the right approach.Here are some specific strategies on how to build business credit with bad personal credit to make yourself a more attractive borrower. — Establish Your EIN A good starting point is to establish an Employee Identification Number (EIN). This is a nine-digit number that’s assigned by the IRS to businesses operating within the United States and the US Territories.

What are your plans for your retirement years? According to the 2022 Transamerica Retirement Survey, the top two retirement goals are “traveling” and “spending more time with family and friends.” But to reach those goals, you’ll need to know how to plan for saving money. — Unfortunately, over half (55%) of Americans admit they’re behind in their retirement savings. According to a survey from Bankrate, more than a third (35%) claim to be “significantly behind.” If this sounds familiar, don’t panic.

Looking for practical ways to reach financial success when pursuing a non-conventional career path as a solopreneur? Being a successful solopreneur isn’t simply about having a marketable business idea that can withstand competitors. …