SUM180 | CHO at KD, Inc. | Activity https://community.sum180.com/members/cho-at-kd-inc/activity/ Activity feed for CHO at KD, Inc.. Fri, 19 Jul 2024 11:53:52 -0800 https://buddypress.org/?v=5.1.2 en-US 30 hourly 2 56a1c4d3886a24bfad8577a29ab4952d CHO at KD, Inc. replied to the topic Self-Employment Options in the forum Save for retirement https://community.sum180.com/forums/topic/self-employment-options/#post-5309 Wed, 29 Nov 2017 17:55:41 -0800 Here are some things to consider as you make your plans….

– An IRA account allows you to contribute about $5,000 per year. Most have a minimum start-up balance of about $1,000. Look for low fee funds – Vanguard is always good on that account.

– If you plan to stay self-employed for a while, maybe consider a solo 401k plan at some point.…[Read more]

]]> ce58a8e260674629427e3f452c1f1751 CHO at KD, Inc. replied to the topic Reducing The Costs Of Celebrations + Parties in the forum My journey https://community.sum180.com/forums/topic/reducing-the-costs-of-celebrations-parties/#post-4932 Fri, 17 Nov 2017 16:14:05 -0800 Kayla – right there with you! I have a 10 year old and 7 year old twins. We’ve had and will keep having lots of family celebrations 🙂

Here’s a couple of things I’ve learned:
– Don’t be afraid to borrow. Ask neighbors and family nearby if they have folding tables/chairs they can bring so you don’t have to rent them.
– Watch for sales at…[Read more]

]]> c4068198ef0c1f40fe04554df848a8e2 CHO at KD, Inc. replied to the topic Compound Interest Is A Beautiful Beautiful Thing in the forum Save for retirement https://community.sum180.com/forums/topic/compound-interest-is-a-beautiful-beautiful-thing/#post-4930 Fri, 17 Nov 2017 16:05:13 -0800 And it also really drives home the point about starting early! A little bit socked away in your 20s has a huge impact if you let it roll. I’m in my 40s now with 3 kids and I am SO glad I started putting money in a 401k when I was in my early 20s. It wasn’t much, then, but it definitely has formed a nice foundation to build on!

Keep watching…[Read more]

]]> ff52a1f9f7a77396ade842dd978f8386 CHO at KD, Inc. replied to the topic Give Back Fund in the forum My journey https://community.sum180.com/forums/topic/give-back-fund/#post-4929 Fri, 17 Nov 2017 16:01:14 -0800 The national average is around 3%. So, for budgeting purposes, maybe that’s a good place to start? Totally agree with making sure that our possessions get a second life, though, too. That’s a great way to give back and keep things out of the landfill, too.

You can also use sites like Charity Navigator to help you find organizations to work…[Read more]

]]> 0d316df0854129da1312754f8878b3d1 CHO at KD, Inc. replied to the topic Ways to Teach Your Kids About Saving Money in the forum Grow your savings https://community.sum180.com/forums/topic/ways-to-teach-your-kids-about-saving-money/#post-4928 Fri, 17 Nov 2017 15:51:33 -0800 My kids are a little older (10, 7 and 7) and they are really starting to understand “cost.” I do think that at these early ages it’s about helping them understand the value of money and how far it does (or does not!) go.

It’s really helpful to take them with when you have to buy a birthday present for a friend or family member so that they…[Read more]

]]> 1a75cd2f9bafab77adf66294e774a160 CHO at KD, Inc. replied to the topic I Asked for Bills to Be Paid for Christmas in the forum Manage your debt https://community.sum180.com/forums/topic/i-asked-for-bills-to-be-paid-for-christmas/#post-4927 Fri, 17 Nov 2017 15:46:38 -0800 Hey Antoinette, I love it! At a certain point, you just don’t need any more stuff and yet our friends and family want to do something for us. I think this is super-smart. Well done!

]]> 3e6298ff0f2524e3d90643e22ee2227a CHO at KD, Inc. replied to the topic Retirement for Entrepreneurs in the forum Save for retirement https://community.sum180.com/forums/topic/retirement-for-entrepreneurs/#post-3851 Tue, 10 Oct 2017 15:31:03 -0800 Hi Antoinette, you’re wise to consider this *before* making the move! The good news is that there are definitely great options for self-employed/small bizness owners when it comes to retirement. In my case, I have my own consulting practice and I set up a solo 401k. It works exactly the same as an employer plan – there are individual contributions…[Read more]

]]> 1cc311654ad5b82fe16bb1ad3e782d46 CHO at KD, Inc. replied to the topic I'm Self-Employed...What Can I Do to Save for Retirement? in the forum Plan your retirement https://community.sum180.com/forums/topic/im-self-employed-what-can-i-do-to-save-for-retirement/#post-3668 Tue, 19 Sep 2017 02:28:01 -0800 So great that you’re thinking about this! As a self-employed person for the last 11 years, it took me a long time to tackle my retirement plan.

I found Vanguard’s small business site (and its comparison between the options) to be super helpful. It breaks down the advantages and the eligibility requirements for the various types in an easy…[Read more]

]]> 367aa75244fe55a489ea7453e426c86e CHO at KD, Inc. replied to the topic 7 Reasons You Should Take A “No Spend Month”? in the forum Grow your savings https://community.sum180.com/forums/topic/7-reasons-you-should-take-a-no-spend-month/#post-1935 Fri, 24 Jun 2016 19:29:25 -0800 The idea of a “reset” or “reboot” is great. I’ve done the same thing with coffee – dropped it for a while. It really makes you appreciate that next cup!

]]> 6bbf6914610867c914b855e26d3064f1 CHO at KD, Inc. replied to the topic 7 Reasons You Should Take A “No Spend Month”? in the forum Grow your savings https://community.sum180.com/forums/topic/7-reasons-you-should-take-a-no-spend-month/#post-1935 Fri, 24 Jun 2016 19:29:25 -0800 This is a test comment.

]]> 914067d4b47c2d271a172e998b38c072 CHO at KD, Inc. commented on the post, Why combining online + human financial advice is better https://community.sum180.com/hybrid-robo-advisers-why-the-combination-of-online-human-financial-advice-is-best-for-many-of-us/#comment-46 Thu, 11 Feb 2016 17:17:10 -0800 I think #2 is so key – let me do the legwork and get comfortable so that when I talk to someone, it’s efficient for both of us!

]]> cc4bf4a127690cdb2a47268125120405 CHO at KD, Inc.'s profile was updated https://community.sum180.com/activity/p/358/ Mon, 28 Sep 2015 15:44:53 -0800 0 efbd122d01b100cf2961dd76d8a95c66 CHO at KD, Inc. changed their profile picture https://community.sum180.com/activity/p/208/ Mon, 21 Sep 2015 18:36:48 -0800 0