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During the month of October, I sold 500 non-fungible tokens (NFT’s). I went from knowing almost nothing about NFT’s to selling an entire Cardano NFT project making $25,000 in just 30 days.
My wife has about $600 worth of supplies that she needs just to start the school year. The real figure is likely over $1,000 and I imagine you spend around that same figure (or more) each school year. Because we’re a financially aware family, we are always discovering ways to reduce our expenses and increase our savings.
The emergency fund ratio is calculated by dividing your cash and cash equivalents by your monthly non-discretionary expenses.
One of the benefits of holding ADA is the ability to stake it as a network participant and earn additional ADA as a reward for doing so. I’m going to walk you through the 5 steps to staking your ADA.
It’s critical that you understand these 5 personal finance ratios; savings ratio, emergency fund ratio, current ratio, debt-to-income ratio, and mortgage-to-income ratio.
Within my 401k, it showed as two sub-accounts (Roth & traditional). The rollover for each should go into the corresponding IRA. Roth 401k to Roth IRA and Traditional 401k to Traditional IRA.
The savings ratio is commonly used by financial planners to provide insight into your financial security situation. The savings ratio is calculated by dividing your monthly savings (including employer match) by your monthly gross pay.
VFIAX is Vanguard’s 500 Index Fund. VFIAX was created in 2000 and is designed to provide investors exposure to the largest 500 companies on the United States stock market by closely tracking the S&P 500 index.
VTSAX and VFIAX will provide similar returns because a large portion of their holdings are in the same companies. VFIAX holds about 1/7th of the stocks of VTSAX but has posted similar returns over time. Both VTSAX and VFIAX represent the same professionally managed core basket of individual stocks.
A financial plan is essential if you want to build wealth for your family. A financial plan is a comprehensive evaluation of your current household income and expenses and projected household income and expenses.