The Financial world that today’s young adults face is quite different than a generation or two ago. Strategies for financial success that worked in the 20th century are ill-suited for the 21st. In fact, if we could take a trip back in time to a strange and wonderful destination called the late 20th century, you’d notice right away that this financial world works very differently than the one we’re used to today…
A bare minimum emergency fund of one month’s expenses is your initial, and high-priority, goal. Eventually, you’ll increase this to 4, 6, or 9 months’ expenses, depending on your household risk level.
The Net Worthy Path to financial independence includes three distinct phases: red (getting your financial basics in order and preparing to invest), yellow (earn/save/invest/repeat), and green (financial independence).
The financial world of the 21st century requires a long-range approach that begins early in your financial life.
Everybody knows it’s a good idea to have some money set aside for unforeseen expenses, but how much? Unless you have a specific goal, you probably won’t even get started. To find out the right size e-fund for you, answer the simple questions in this calculator.