FYInance

Posts Tagged ‘000’

in grades five through eight to “think outside the bubble” for their chance to win a 000 US savings bond in the second annual Bubble Wrap® Competition for Young Inventors. With the back-to-school season underway, students have until November 1 to enter their invention for a chance to win. “Last year’s competition, which generated nearly 800 entries from 38 States, featured an array of really creative inventions that ranged from the fun and wacky to the scientific and serious,” said …

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The first thing about finance and investing is the financial goal and planning. If you are going to invest your money in something whether it be stocks, bonds, mutual funds, real estate or a business, you need to assess your financial goal first. Goals usually motivate people. So, we have made it our mission to stir some excitement among our readers and ask some of them what they would do if they had a sum of money, say $50k. We are going to do this regularly to make sure that people have not lost sight of what they are trying to work towards. By reminding them of their financial goals, we help keep them more motivated and enthusiastic about learning finance.

So, reader #1: what would you do if you had $50,000 today and tell us why?

“If I had $50,000 I would use the money to pay off part of my house mortgage and other debts. By doing this I could begin to plan my retirement earlier. Perhaps I could retire at 50. It would also help because I would be able to have a smaller house payment if I then refinanced on the remaining amount due. This would make my expenses easier during my retirement.”

We are very happy to learn that our readers are very money and finance conscious and already looking forward to planning their retirement. We, of course, have a ton of resources on retirement planning, IRAs and lots of information to help you invest your money and achieve your financial dreams. Retiring early is most people’s dream and you can definitely do that with good financial planning and following through.