Linda Meltzer

3 weeks ago | parentportfolio.com | Linda Meltzer

Guiding your kids on the path of saving for their future gives them a head start to financial independence. Creating a Roth IRA for kids provides more flexibility for your children before they reach adulthood than other options, as these funds can help pay for college, making a first home purchase, or retirement. Parents can influence their children’s healthy money habits early by teaching them to save money and spend less to invest for their future.

3 weeks ago | parentportfolio.com | Linda Meltzer

When we get our first job after college, we begin to earn money, get raises, bonuses, or change jobs for more pay. We conjure up what we had considered buying before this newfound financial freedom and spend it too quickly. Instead, we should be using this money wisely. To avoid lifestyle inflation or lifestyle creep, we need to make a reasonable budget when we start our first job and throughout our career. 9 Ways to Use Our Savings• We leverage the power of compound interest.

1 month ago | parentportfolio.com | Linda Meltzer

Are you a retiree but still want to work? Retirement and the concept of transitioning to the next phase of life are undergoing reevaluation. People either delay their retirement to a later age or “retire early” after finding financial independence through the FIRE movement. Both can be excellent options. When it comes to retirement, no one roadmap works for everyone, including spouses. It is not unusual for spouses who have been together for decades to have different goals if and when they retire.

1 month ago | parentportfolio.com | Linda Meltzer

Have you wanted to manage your money better but didn’t know how to start? I know that I can do better for us, especially our kids, so they learn good habits. I know I am not alone. Ultimately, our goal should be to reduce costs, spend smarter, save more for investing in what we value. Or to keep for an emergency fund in the event you work for the federal government and there is a government shutdown.

1 month ago | parentportfolio.com | Linda Meltzer

Personal finance lessons are all around us in our everyday lives. Every day we handle money without thinking about the consequences of making poor decisions. However, we may not grasp our own financial mistakes. We can learn better financial habits from The Richest Man in Babylon by George S. Clason, an all-time favorite. This book can help anyone avoid financial blunders, create wealth and build a financially secure future. I recommend this easy-to-absorb book to my business students and my children.