Last week, in Learn What to Spend and Where to Save – Part 1, I wrote about buckets to consider when setting up your budget. Although it’s different for everyone, it’s important to understand the types of saving you need for different goals in your life and how much you should constrain yourself on spending. This week I’ll offer some great places to put your money based on my research and own experience. If you have any suggestions you want to offer, feel free to help the readers by adding your recommendations to the comments below.
I recently came across a post at the finance forum Bogleheads regarding investing for retirement. There are a countless number of strategies out there, but most of them don’t help the average person easily invest for retirement. Although good in their intent, trying to explain to someone not familiar with the world of finance how to best allocate their retirement funds, annually rebalance their portfolio, or optimize their foreign currency diversification is not effective. I’ve decided to simplify the discussion for most people so that anyone can easily prepare for retirement without making investing their job or only hobby. Continue reading How to Save for Retirement if Finance is Not Your Life