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Hi, my name is Carlos and I am a researcher at UC Davis School of Medicine, Sacramento. Learning new stuff and writing about the latest topics is my hobby. I came up with Ecologia Aldia so that knowledge can be shared without any limitations. Stay in touch for more updates.

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How to Save For Retirement?

Long-term financial goals can sometimes seem so big that they feel almost unattainable, especially when we’re just getting started on our road to financial independence.

You need to get retirement planning advice to reach the goal of becoming financially independent into smaller and more manageable levels of financial independence.

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This makes it easier for us to track our progress, which in turn helps us to stay motivated throughout the process, but also because it helps us get over that initial hurdle of starting to chip away at this mountain of a task.

Financial Dependency

This is when your debt payments and other living expenses are greater than your income. Here you are in one way or another dependent on someone or something else to help you pay for your bills or if you happen to be a kid and don’t actually have any bills. You need someone else, usually your parents, to pay to put food on the table and keep the lights on and have a roof over your head.

This is the level that all of us start out on so is referred to as financial dependence.

Financial Solvency

This is when you are current on all your debt payments and you can meet your financial commitments and your other living expenses without any outside help.

Financial Stability

This is usually defined as when you have built some sort of emergency fund in addition to being financially solvent.

Debt Freedom

This is again Debt Freedom and it’s defined differently depending on who you ask. For some, it is being completely debt-free, mortgage and everything. For others, it’s being just free of the high-interest debts like credit cards but you still might have a mortgage or other debts like student loans.