Money Calculators

How much will my investments grow in the next 30 years if I assume a 6 percent return rate? Should I buy a home or simply rent? If I want to live the FIRE, financial independence, retire early lifestyle, will I run out of money?

Chances are you have some money questions. We all do. But the good news is that there is probably a money calculator out there that can help you get some answers. There are literally hundreds if not thousands of financial calculators out there.

Now of course it is important to note that none of them are perfect, but they can help you valuable insights, and help guide you to making better money decisions.

If you are interested in trying out any of the money calculators covered in this video, I will link them all down below, make sure to leave a comment and let me know if you give it one (ore more) a try!!

FIRECalc: https://www.firecalc.com

FIRE Calc will help you to see if your early retirement dreams can be a SUCCESSFUL reality.

Traditional Retirement:https://www.kiplinger.com/kiplinger-tools/retirement/t047-s001-retirement-savings-calculator-how-much-money-do-i/index.php

Are you planning on a more traditional retirement age…well you are still going to have to save. And just how much do you need, this one ☝️ can help you decide.

Compound Interest: https://www.investor.gov/financial-tools-calculators/calculators/compound-interest-calculator

How much can your grow your money to?? See the power of compound interest and investing in the stock market.

Pay off Debt or Invest: https://www.myfico.com/credit-education/financial-calculators/pay-off-debt-or-invest-in-savings

Should you try to pay off all of your debt first before you start investing, or should you invest while paying off your debts?

Cost of Living Calculator: https://www.bestplaces.net/cost-of-living/

How far will your income go in a different city? Find out here ☝️

Home affordability:https://www.cnn.com/2021/02/22/success/house-affordability-calculator/index.html

Hoe much of a home you can afford depends on a few factors, and this calculator considers them!

Rent vs Buy: https://www.nytimes.com/interactive/2014/upshot/buy-rent-calculator.html?mtrref=undefined&gwh=C29CCB306CE23D2CCA53CEAF7EEB63E5&gwt=regi&assetType=REGIWALL

Should you buy a place or simply rent a place? What is the better option? Well a lot goes into that decision. This calculator helps to factor all those things you might not otherwise think of.
Looking for more money videos, I post new videos every week, subscribe to my channel: https://www.youtube.com/user/midge087

While you are here, why not check out some of my other videos:

Wonder how much you need for retirement, here’s what the experts have to say: https://www.youtube.com/watch?v=NyC-5mEDJPk

What is the income for the average American: https://www.youtube.com/watch?v=51rUkqB14kk&t=161s

Have you ever heard of Coast FIRE: https://www.youtube.com/watch?v=397QhMiRR8M&t=37s

What if you invested at the absolute worst time: https://www.youtube.com/watch?v=Oku_hG5h7H4

Have you ever heard of a mini-retirement: https://www.youtube.com/watch?v=ALBy6pIv8xY

Looking to start investing in individual stocks, join Robinhood and get a free stock: https://join.robinhood.com/erinm1666
#investing #personalfinance #financialindependence

Видео Money Calculators канала Erin Talks Money