I did stop my 401k a few months ago to get my shit together and stop getting further in debt and to build my $1,000 emergency fund and to start my sinking funds. I also figured out how to stick to a budget. However, my income is only about $40,000 base pay and I have over $100,000 in debt. As much as I try, I can’t fathom going 5 years without contributing to my 401k if my employer will match 4% if I contribute 5%. That’s probably about $11,000. I understand stopping if my journey was just a few years but unfortunately, it is not going to be. I see all the time how it works for people but it just makes me nervous and losing out on money does not sounds ideal either. If it was just my contribution, ok fine. But it’s losing out on what my employer would also contribute is what gets me the most.
#daveramsey #daveramseybabysteps #babystep2 #babysteps #budget #budgeting #frugal #frugality #debtisdumb #debtsnowball #debtfreejourney #debtfreecommunity #debtfreedom #401k #saving #savings #retirement #retirementgoals
What’s the one thing you look forward to once you retire?
You know that lie about how impossible it is to time markets?
It’s the day of the week to Ask Hopscotch Wealth!
Q: Is investing in shares a sound decision?
A: It could be, depending on your personal situation and tolerance to investment risk. .
Shares go up and down over time. Make sure you understand the risks of potential market declines and volatility before diving in. .
If you’re new to equity investing, consider getting professional financial advice.
For more personalised support, get in touch with us on ☎️08 7200 2354 or chat with us online at 💻www.hopscotchwealth.com.au.
And that’s a W R A P
A delight to consult to @one_fell_swoop
over the past few weeks. They’re single-handedly reinventing the marketing and communications for retirement living - one project at a time. Such is their passion and smarts in the category.
During an especially busy time at the agency, we were involved in everything from producing content for media releases, backgrounders and eDMs to pulling together sod turn and launch events. For us, it was a welcome opportunity to dust off those PR and event management skills 🥂
We know these guys are going to continue to kick goals and we wish them every bit of success in the future.
And needless to say, #nofilterrequired #popupwrapup
If these dogs know anything ... they know “Cookie!” We even have to spell it when asking “Hey, did the dogs get their C-O-O?”
What words do you have to spell in front of your dogs?
Re our last post — never mind, we’ve found the fountain of youth after all. 😇🐶 #tbt
Just Quit Already: Day by Day Through Year One of Retirement. Day 19, July 19. . . . I’m here to tell you that you can still be productive: I haven’t even been retired for three weeks yet and I’ve already straightened up the junk drawer. I find a startling number of different bottles and pens of Wite Out and Liquid Paper in there (I know how Wite Out works, but I cannot remember using it – at work or at home – since the Pleistocene Era), not to mention Chinook Book coupons that expired two years ago.
For me, though – and this is where the fruit leather reference checks in — my lifestyle has always been pretty low to the ground. I read about people my age who seem really stressed because the money doesn’t pencil out for them. I’d never say it to their face, but I wonder to myself, what have they been doing with their past 40 years of paychecks? I made middle-class money, nothing One Percenter about it, but I managed to save a little. I know that saving is a quaint and antiquated notion, but I did it. I wasn’t a top-end consumer.
But for now I will scratch any acquisitive itch by watering the tomatoes and delaying gratification until they’re ripe. (Read more at bartbecker.com and Facebook Bart Becker Projects.). #ageisjustanumber #blog #blogger #bartbecker #babyboomer #optimistic #optimism #optimist #aging #agingwell #aginggracefully #old #retire #retired #retiring #retirement #retiredlife #retirementplanning #retirementgoals #over60 #over50 #ownyourage #nonfiction #publishers #publish #gettingold #seattle #secondact
Misty WA summer mornings are easier to take when you’re at the lake. #retirementgoals
If you had 2 Million dollars right now, would you continue to work?
Retirement is NOT an age, it's a pile of cash!
What's your game plan to get to your pile of cash and are you on track to get there?
#INVEST #RetirementGoals #MakeYourMoneyWorkForYou
Say goodbye to Gamgam, she ain’t comin’ back! Just ask our Aunt Angela. @snuge007
What do you see in this piece of driftwood?