Q. I am interested in learning about a firefighters salary for a project that i am doing in my personal finance class....all answers will be helpful...thankx!
A. In the US - $37,658
Salary.com (see below) is a great way to find average US salaries.
Good luck with your project!
Salary.com (see below) is a great way to find average US salaries.
Good luck with your project!
Can anyone suggest a good book on personal finance?
Q. Can anyone suggest a good book on personal finance? I have looked through the half.com $1 selections and the library, but it seems many of the books on this topic are filled with 100's of pages of common sense (i.e. give up your latte's, put 10% of earnings in a high yeild savings). I would like something that covers the basics for retirement planning, and personal investment, etc. Any suggestions?
A. I think it depends on where you are in your knowledge about personal finance.
For instance, if you already know to stash all possible cash in first, savings, 2d 401k, 3d Roth, 4th Other--then when you have a considerable stash-- you are ready for the next step-- which for me was a broker where I stuck #1, #3 and #4-- and after retirement, also #2. The total provided considerable leverage in my account which drove down my per trade cost.
I learned from finance magazines ( if you itemize they CAN be a deduction) which will repeat basic information about the third year around.
I bought US Savings Bonds thru work-- as my emergency $.
Any increases in pay went directly to one of the savings.
My power company allowed me to pay extra over my electric bill which then went into a stock account.
I bought a investment dictionary at a garage sale.
I bought a Investment for Dummies at a garage sale.
I lived UNDER my income.
I used my broker's online site to research what I didn't understand until I thought I did understand.
I invested and learned the hard way, but gained enough that I kept at it. When I retired I paid cash for my house and my car from what I'd put away in "other".
I truly understand your question. The answer as I see it is:
Save money and stash it in as many ways as possible-- max out your 401k with matching as much as possible. If there is a difference in what you CAN put in an IRA and what you have put in the 401k-- open a ROTH and do it. Don't forget that emergency cash fund-- figure your worst scenerio and put it where you can get to it in 15 days or so.
That's the best I can do for you. It worked for me.
Good luck and constant saving!
I don't know this Dave Ramsey but see him mentioned frequently.
For instance, if you already know to stash all possible cash in first, savings, 2d 401k, 3d Roth, 4th Other--then when you have a considerable stash-- you are ready for the next step-- which for me was a broker where I stuck #1, #3 and #4-- and after retirement, also #2. The total provided considerable leverage in my account which drove down my per trade cost.
I learned from finance magazines ( if you itemize they CAN be a deduction) which will repeat basic information about the third year around.
I bought US Savings Bonds thru work-- as my emergency $.
Any increases in pay went directly to one of the savings.
My power company allowed me to pay extra over my electric bill which then went into a stock account.
I bought a investment dictionary at a garage sale.
I bought a Investment for Dummies at a garage sale.
I lived UNDER my income.
I used my broker's online site to research what I didn't understand until I thought I did understand.
I invested and learned the hard way, but gained enough that I kept at it. When I retired I paid cash for my house and my car from what I'd put away in "other".
I truly understand your question. The answer as I see it is:
Save money and stash it in as many ways as possible-- max out your 401k with matching as much as possible. If there is a difference in what you CAN put in an IRA and what you have put in the 401k-- open a ROTH and do it. Don't forget that emergency cash fund-- figure your worst scenerio and put it where you can get to it in 15 days or so.
That's the best I can do for you. It worked for me.
Good luck and constant saving!
I don't know this Dave Ramsey but see him mentioned frequently.
How does college tuitions increase relate to personal finance?
Q. http://money.cnn.com/2010/02/24/news/economy/public_tuition_soars/index.htm
how does the above relate to personal finance? All i can think of is we learn about budgeting in that class and that class i guess prepares us for college, but i don't think that's the right answer or what the teachers looking for.
how does the above relate to personal finance? All i can think of is we learn about budgeting in that class and that class i guess prepares us for college, but i don't think that's the right answer or what the teachers looking for.
A. Higher college tuitions mean more cost to you in the future.
That means you will have to plan for this increase (and even better any future increase) in your budgeting.
You will need to save more today to pay more tomorrow OR find an investment that return more so you will still hit your target.
That means you will have to plan for this increase (and even better any future increase) in your budgeting.
You will need to save more today to pay more tomorrow OR find an investment that return more so you will still hit your target.
What is the average interest paid on a money market deposit account?
Q. This is for a personal finance class but I can't seem to find an answer specifically naming average interest paid.
A. You can get this at www.bankrate.com. This is a trustworthy site that may answer some of your other banking questions as well.
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