How Millennials Can Save Millions for Retirement - TheJobNetwork

How Millennials Can Save Millions for Retirement - TheJobNetworkIts notlage fun to have to think about retirement savings in your 20s, but boy is it necessary. As inflation rates change and pensions become more rare, thinking about the future now is mandatory if you want to live comfortably without working in your mid-60s and beyond. googletag.cmd.push(function() googletag.display(div-gpt-ad-1467144145037-0) ) Figure Out Your NeedsHere are 4 things you can do to figure out how much you need and how much youre going to need to save to get that much.1. Estimate your future spendingEstimating your future spending is very similar to estimating your current spending. But take into account what expenses you will and will not have in the next few years. Will your mortgage get paid off? Will you have any long term health costs? Will you want to travel? Find an online calculator that can help you with your numbers.2. Estimate your retirement costsFind an online calculator also to help you ca lculate your retirement needs your monthly expenses, savings goals, retirement age, etc.3. Make a planWrite downeven if only on a single sheet of paperthe goals youve established to help hold yourself accountable.4. Keep at itThings change. Life changes. Keep revisiting your plan to make sure its up-to-date and stays relevant enough to actually deliver what you need.Aim Sky HighThink MillionaireSo weve coveredhow to departure thinking about saving and putting a solid plan in action. But we know you want to save lots. Millions, ideally, right? Here are 5 tips to get you started on the path to total financial comfort.1. Start ASAPThe earlier you start, the more youll end up with in your war chest. Imagine what would happen if you upped your monthly savings number over the course of your lifetime? The number really really adds up.2. Avoid debtBe smart by avoiding student loans and credit card debt. If you do accrue unavoidable debt, make sure to pay it off snappily as possible. Youll s ave a massive amount of money without even noticing. And always think through the financial repercussions of major life decisions.3. Invest slowlyDont dump all your excess money into high risk/reward ventures. Slow and steady wins the race. Think 401k.4. Generate multiple incomesThe more money you bring in, the more youll save and the faster you can pay down your debts and start pumping any extra funds into your wealth creation.5. Live frugallyEvery time you go to spend money on something, rethink that cost in terms of other things. How many lattes turn into a trip to Paris? A new fall coat? How many fall coats turn into a Ferrari, over time? Cut as many corners as you can and youll be surprised at how quickly you gain financial control of your life and your future.

Who Does What I Homeschool Our Kids, And Heres How My Husband And I Divide Housework

Who Does What I Homeschool Our Kids, And Heres How My Husband And I Divide Housework For most of menschengerecht history, the way we talk about household labor divisions has rotated largely around heteronormative gender roles. Thankfully, the idea that gender should determine the who does what of housework is (mostly) no longer the world we live in. But theres still no rule book for helping partners figure out how to divvy up household chores the physical, mental, and emotional ones in a way thats fair and equitable.So, what does the division of household chores for modern couples look like, really? In FGBs Who Does What series, we asked readers to complete an exercise in order to share with us the amount and nature of housework they actually do, and how they and their partner decided to divvy it all up.--Who Lynn P.LocationNashville, Tenn.Relationship positionMarriedWhat do you and yur partner do professionally? Im a stay-at-home mom who homeschools two of ur three kids hes an eng ineerWhat type of home (e.g, condo, house) do you have? HouseDo you have any kids or pets? Three kids and a dog--How long have you and your partner been together?12 years.How long have you been living together?10 years.What chores do you do daily, and how did you and your partner decide youd be the one to do them? Please describe.Since I work inside the home and my husband, Jeff, works outside it, a lot of the little day-to-day house management things fall under my jurisdiction. In the beginning of our relationship, I also worked outside the home (as a teacher) and things were divided a little differently then. Now, with three kids under the age of eight and more responsibilities on our plate than we know what to do with, its less divide and conquer and more just GO and hope everyone makes it through the day.On the day-to-day, that means I get the kids up in the morning and make them breakfast (Jeff has to leave for work early, by 5, otherwise he would help). I do the dishes, laundr y (with three kids, theres always at least one load a day), take care of the dog throughout the day, make lunch, and, of course, teach the kids. We do six-hour schooldays, and I have to prep their lesson plans and keep up with some administrative tasks. My oldest (whos 8) departureed out going to regular school at the school I taught at. I spent so much time with other peoples kids and felt like I hardly got to see my own. When I got pregnant again with my youngest, we made the decision I would stay home and teach them until theyre of middle school age.What chores do you do weekly and/or monthly, and how did you and your partner decide youd be the one to do them? Please describe.I take care of all our grocery shopping, as well as ordering most of our cleaning supplies and miscellaneous needs in bulk. Since Im home so much, Im the one closest to what we need, and it honestly feels simpler to knock that out myself versus try to relay it to Jeff and cross my fingers that he gets the ri ght things.How about your partner? What chores do they do daily, and how did they and/or you decide theyd do them?Jeff has to leave really early in the morning, but hell take out the trash on his way. When he gets home from work, hes usually right back out the door to take at least one of the kids (sometimes all of them) to an extracurricular activity. This is often my first break of the day. We approach dinner based on what the extracurricular program for that night looks like. Id say he takes care of it about half the time. Jeff is 100% on putting-to-bed duty with the kids, but Ill often help out with the bathing component of that. At night, the dog is also all himWhat chores does your partner do weekly and/or monthly, and how did they and/or you decide theyd do them?All money-managing things are in his jurisdiction. Hes the one receiving a paycheck at this juncture in our lives, so it just makes sense.Is the way you and your partner divide tasks similar to the household you grew up in? Why or why elend?Both of my parents worked full-time when I was growing up. My mom still took on more of the traditionally female roles (like cooking) in addition to her job as a principal, but for the most part, Id say Jeff and I actually have a more traditional way of dividing things. Its not how I expected things to be at the start of our marriage, and its not how things will be forever. But its the way things are right now out of necessityWhats something you and your partner could improve on when divvying up and completing household tasks? Whats something you feel youre doing well?Im sure there are things we could be doing better, but it feels like there isnt time to figure out what those things are.Lightning Round1. Who makes the bed?Were really bad about this and usually dont make them.2. When you go out to eat, who picks the restaurant and/or makes the reservation?Its been months since we went out to eat. I think he did.3. Who makes doctors appointments? Dentist appoin tments?We do our own.4. Who picks up the dry cleaning?We dont dry clean.5. Who keeps track of friends and family members birthdays?All me6. Who pays bills? (Or if you divvy this up, who pays which bills?)He does.7. When something in the house/apartment is broken, who makes sure it gets fixed?Me.8. Who makes sure the tags on your cars are up-to-date?We take care of our own cars.9. Who vacuums?Me.10. Who was the last partie to dust something?I guess me?11. Who was the last person to clean your toilet?I made him do it.12. Who buys groceries?I do.13. Who brings in the mail?He usually does.14. Who irons?Haha.15. Who was the last person to clean out the fridge/pantry of expired items?I did.16. Youve been invited to a wedding. Who RSVPs?Depends on who is getting married.17. When planning a trip, who books the flights? The hotels?Were going to the beach as a family this summer and he did most of the planning18. Who planned what you did last Friday night?The kids did.19. Who planned your las t date night?I cant remember.20. You need a gift for a friends housewarming party. Who buys it?Usually me.Interested in participating in FGBs Who Does What series? Email infofairygodboss.com with Who Does What in the subject line.