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FIRE Movement
The FIRE (Financial Independence, Retire Early) movement is a lifestyle movement with the goal of gaining financial independence and retiring early. The model became particularly popular among millennials in the 2010s, gaining traction through online communities via information shared in blogs, podcasts, and online discussion forums. Those seeking to attain FIRE intentionally maximize their savings rate by finding ways to increase income and/or decrease expenses, along with aggressive investments that again increases their wealth and/or income. The objective is to accumulate assets until the resulting passive income provides enough money for living expenses throughout one's retirement years. Many proponents of the FIRE movement suggest the 4% rule as a rough withdrawal guideline, thus setting a goal of at least 25 times one's estimated annual living expenses. Upon reaching financial independence, paid work becomes optional, allowing for retirement from traditional work decades ear ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Financial Independence
Financial independence is the status of having enough income or wealth sufficient to pay one's living expenses for the rest of one's life without having to be employed or dependent on others.Cummuta, John. The Myths & Realities of Achieving Financial Independence". Nightingale Conant. Retrieved on 14-Sep-2009 Income earned without having to work a job is commonly referred to as passive income. Others define financial independence differently according to their own goals. There are many strategies to achieve financial independence, each with their own benefits and drawbacks. Someone who wishes to achieve financial independence can find it helpful to have a financial plan and budget, so that they have a clear view of their current incomes and expenses, and can identify and choose appropriate strategies to move towards their financial goals. A financial plan addresses every aspect of a person's finances. Passive sources of income to achieve financial independence The following ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Side Hustle
''Side Hustle'' is an American buddy comedy television series created by Dave Malkoff that premiered on Nickelodeon on November 7, 2020. It lasted two seasons, with the final episode airing on June 30, 2022. The series stars Jules LeBlanc, Jayden Bartels, Isaiah Crews, Mitchell Berg, and Jacques Chevelle. Premise In the town of Altoonisburg, smart and sarcastic Lex, tough and confident Presley, and their quirky male friend Munchy find themselves in a sticky situation after an accidental mishap destroys a boat belonging to Munchy's father, Principal Tedward. Forced to come up with creative ways to earn money to pay for the damages, the best friends enlist the help of Presley's tech-savvy younger brother, Fisher, to create an app called "Kid-DING" to connect with people looking for help with small jobs. With Munchy's bossy older brother Jaget making sure they keep up with the payments, the three friends must do any jobs that come their way no matter how crazy they are. Halfway ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Investment
Investment is the dedication of money to purchase of an asset to attain an increase in value over a period of time. Investment requires a sacrifice of some present asset, such as time, money, or effort. In finance, the purpose of investing is to generate a return from the invested asset. The return may consist of a gain (profit) or a loss realized from the sale of a property or an investment, unrealized capital appreciation (or depreciation), or investment income such as dividends, interest, or rental income, or a combination of capital gain and income. The return may also include currency gains or losses due to changes in the foreign currency exchange rates. Investors generally expect higher returns from riskier investments. When a low-risk investment is made, the return is also generally low. Similarly, high risk comes with a chance of high losses. Investors, particularly novices, are often advised to diversify their portfolio. Diversification has the statistical effec ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Lifestyles
Lifestyle often refers to: * Lifestyle (sociology), the way a person lives * ''Otium'', ancient Roman concept of a lifestyle * Style of life (german: Lebensstil, link=no), dealing with the dynamics of personality Lifestyle may also refer to: Business and economy * Lifestyle business, a business that is set up and run with the aim of sustaining a particular level of income * Lifestyle center, a commercial development that combines the traditional retail functions of a shopping mall with leisure amenities * Lifestyle (department store), an Emirati retail fashion brand Film and television Channels * ''Lifestyle'' (Australian TV channel), an Australian subscription television station * ''Lifestyle'' (British TV channel), a defunct British television station * ''Lifestyle'' (Philippine TV channel), a Philippine lifestyle and entertainment cable channel owned by ABS-CBN Series and documentaries * ''Lifestyle'' (GR series), a weekly entertainment news show that is broadcast on Alte ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
2010s Fads And Trends
The 2010s were defined by Hipster (contemporary subculture), hipster fashion, athleisure, a revival of 1940s fashion, austerity-era period pieces and alternative fashions, swag-inspired outfits, 1980s in fashion, 1980s-style neon streetwear, and unisex 1990s in fashion, 1990s-style elements influenced by grunge and skater fashions. The later years of the decade witnessed the growing importance in the western world of social media influencers paid to promote fast fashion brands on Pinterest and Instagram. Popular global fashion brands of the decade included Abercrombie and Fitch, Adidas, Balenciaga, Ben Sherman, Burberry, Christian Dior, Coach New York, Coach, DSquared2, Dorothy Perkins, Fashion Nova, Forever 21, Gucci, H&M, Hollister Co., Hollister, Hugo Boss, Lacoste, Louis Vuitton, Marks and Spencer, Michael Kors (brand), Michael Kors, Monsoon Accessorize, Nike, Inc., Nike, Nine West, Off-White (company), Off-White, River Island, Supreme (clothing), Supreme, Topman, Topshop, U ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Simple Living
Simple living refers to practices that promote simplicity in one's lifestyle. Common practices of simple living include reducing the number of possessions one owns, depending less on technology and services, and spending less money. Not only is simple living focused on external changes such as minimalism through fewer commitments or possessions but it also connects to the human's mindset and set of beliefs. These practices can be seen throughout history, religion, art, and economics. Adherents may choose simple living for a variety of personal reasons, such as spirituality, health, increase in quality time for family and friends, work–life balance, personal taste, financial sustainability, increase in philanthropy, frugality, environmental sustainability, or reducing stress. Simple living can also be a reaction to materialism and conspicuous consumption. Some cite sociopolitical goals aligned with environmentalist, anti-consumerist or anti-war movements, including conservation ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Retirement Spend Down
At retirement, individuals stop working and no longer get employment earnings, and enter a phase of their lives, where they rely on the assets they have accumulated, to supply money for their spending needs for the rest of their lives. Retirement spend-down, or withdrawal rate, is the strategy a retiree follows to spend, decumulate or withdraw assets during retirement. Retirement planning aims to prepare individuals for retirement spend-down, because the different spend-down approaches available to retirees depend on the decisions they make during their working years. Actuaries and financial planners are experts on this topic. Importance More than 10,000 Post-World War II baby boomers will reach age 65 in the United States every day between 2014 and 2027. This represents the majority of the more than 78 million Americans born between 1946 and 1964. As of 2014, 74% of these people are expected to be alive in 2030, which highlights that most of them will live for many years be ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Pension
A pension (, from Latin ''pensiō'', "payment") is a fund into which a sum of money is added during an employee's employment years and from which payments are drawn to support the person's retirement from work in the form of periodic payments. A pension may be a "defined benefit plan", where a fixed sum is paid regularly to a person, or a "defined contribution plan", under which a fixed sum is invested that then becomes available at retirement age. Pensions should not be confused with severance pay; the former is usually paid in regular amounts for life after retirement, while the latter is typically paid as a fixed amount after involuntary termination of employment before retirement. The terms "retirement plan" and "superannuation" tend to refer to a pension granted upon retirement of the individual. Retirement plans may be set up by employers, insurance companies, the government, or other institutions such as employer associations or trade unions. Called ''retirement plans' ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Downshifting (lifestyle)
In social behavior, downshifting is a trend where individuals adapt simpler lives from what critics call the "rat race". The long-term effect of downshifting can include an escape from what has been described as economic materialism, as well as reduce the "stress and psychological expense that may accompany economic materialism". This new social trend emphasizes finding an improved balance between leisure and work, while also focusing life goals on personal fulfillment, as well as building personal relationships instead of the all-consuming pursuit of economic success. Downshifting, as a concept, shares characteristics with simple living. However, it is distinguished as an alternative form by its focus on moderate change and concentration on an individual comfort level and a gradual approach to living.Tracey Smith, 2008 In the 1990s, this new form of simple living began appearing in the mainstream media, and has continually grown in popularity among populations living in industri ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Do-it-yourself Investing
Do-it-yourself (DIY) investing, self-directed investing or self-managed investing is an investment approach where the investor chooses to build and manage his or her own investment portfolio instead of hiring an agent, such as a stockbroker, investment adviser, private banker, or financial planner. Overview The DIY approach has pervaded many activities that were traditionally performed exclusively by institutions or trained professionals. A common approach to investing, for many investors, is to hire investment representation to build and manage their portfolios. The main duties of investment representatives are to provide ongoing advice, allocate money to asset classes and investment products, and to make portfolio management decisions. Individual investors will often choose to manage their own investments rather than hiring outside representation. Common reasons for doing so include the avoidance of agency fees, dissatisfaction with the quality of service or the investment r ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Asset/liability Modeling
Asset/liability modeling is the process used to manage the business and financial objectives of a financial institution or an individual through an assessment of the portfolio assets and liabilities in an integrated manner. The process is characterized by an ongoing review, modification and revision of asset and liability management strategies so that sensitivity to interest rate changes are confined within acceptable tolerance levels. Different models use different elements based on specific needs and contexts. An individual or an organization may keep parts of the ALM process and outsource the modeling function or adapt the model according to the requirements and capabilities of relevant institutions such as banks, which often have their in-house modeling process. There is a vast array of models available today for practical asset and liability modeling and these have been the subject of several research studies. Asset/liability modeling (pension) In 2008, a financial crisis dr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
TD Ameritrade
TD Ameritrade is a stockbroker that offers an electronic trading platform for the trade of financial assets including common stocks, preferred stocks, futures contracts, exchange-traded funds, forex, options, mutual funds, fixed income investments, margin lending, and cash management services. The company receives revenue from interest income on margin balances, commissions for order execution, and payment for order flow. The company was founded as Ameritrade in 1971. In 2006, it acquired the United States operations of TD Waterhouse from Canadian holding company TD Bank Group and was renamed TD Ameritrade, with TD Bank Group holding a significant ownership stake in the resulting combined company. In September 2017, the company acquired the main brokerage business of Scottrade, and converted all of their client assets and accounts to TD Ameritrade; the Scottrade Bank subsidiary along with associated checking and savings accounts were folded into TD Bank Group's U.S. subsidiary T ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
