What Does It Mean To Be Financially Comfortable?

Every year since 2017 (and twice in 2020), Charles Schwab's Modern Wealth Index Survey has asked 1,000 Americans about what net worth they would need to be financially comfortable and what net worth they would need to be wealthy. You can see how their answers have changed over time in the graph below. https://anchor.fm/cozy-nest-egg/episodes/What-Does-It-Mean-To-Be-Financially-Comfortable-e11rt98 The … Continue reading What Does It Mean To Be Financially Comfortable?

Infographic: Relationship Between Net Worth and Income

Common sense would tell us that net worth increases as income increases. However, it's not as simple as that, as you can see in the infographic I created using data from the 2019 Survey of Consumer Finances. https://anchor.fm/cozy-nest-egg/episodes/Net-Worth-And-Income-e120qmq Net worth increases exponentially relative to income The first observation we can make based on the infographic … Continue reading Infographic: Relationship Between Net Worth and Income

Why You Should Start Investing in the Stock Market in Your Twenties

When I was in my early 20s, I thought the stock market was out of reach for me. I heard news anchors announcing the Dow and Nasdaq indexes on the radio day in and day out, but never had it occurred to me that I should invest in it myself. I was a graduate student … Continue reading Why You Should Start Investing in the Stock Market in Your Twenties

Are Worthy Bonds A Worthy Investment?

As interest rates drop, it's dispiriting to watch the annual percentage yields (APYs) of your savings accounts dry up. Currently, your money is actually losing value by sitting around in a savings account. While the best APY you can find at the moment for a savings account is between 0.50% and 0.66% percent, the current … Continue reading Are Worthy Bonds A Worthy Investment?