Social Security benefits are based on your highest 35 years of earnings, adjusted for inflation. The formula averages your top earning years to calculate your Average Indexed Monthly Earnings (AIME). If you don’t have 35 years of income, the Social Security Administration fills the missing years with zeros—which significantly drags down your benefit amount. This is where many people unknowingly leave money on the table.

For example, let’s say you worked for 30 years earning an average of $60,000 per year, but you have five missing years. Those zeros reduce your benefit. But if you work just five more years—even part-time at $30,000 per year—you replace those zeros and could increase your monthly benefit by $200 or more. Over a 30-year retirement, that adds up to an additional $83,000 in income.

Even modest earnings can make a big difference. A part-time job bringing in $30,000 for five years could bump your benefit by about $115 per month. That’s over $41,000 in additional retirement income. And remember, your Social Security benefit is adjusted annually for inflation. So the higher your base benefit, the more you gain from those yearly cost-of-living increases.

Timing your claim also plays a big role. If you claim at age 62, you might lock in a lower benefit—say $1,400 a month. But wait until full retirement age, and it could jump to $2,000. Hold off until age 70, and you’re looking at $2,500 or more. Delaying also means your cost-of-living adjustments compound on a larger base.

What’s especially interesting is how the Social Security formula benefits different income levels. It’s progressive, which means it replaces a higher percentage of income for low earners. Middle-income workers actually see the biggest bump from replacing zeros—up to an 11% increase or $228 more per month. Even low-income workers can gain an 8% increase by filling in missing years.

Don’t forget: maximizing your own benefit helps your spouse too. A higher primary benefit increases both spousal and survivor benefits. So by boosting your benefit, you’re also securing more income for your partner, which can be crucial if they outlive you.

And there’s good news if you’ve already started collecting Social Security. The administration recalculates benefits every year. So if you continue working and replace a zero or a low-earning year, your benefit can still go up—even after you’ve started receiving checks.

The takeaway? Whether you’re a few years from retirement or already collecting benefits, it’s worth reviewing your earnings record. Consider working a few extra years, even part-time, to replace zeros and increase your lifetime income. A little effort now can pay off for decades to come.

All writings are for educational and entertainment purposes only and does not provide investment or financial advice of any kind.

The post How Replacing Zero-Income Years Can Boost Your Social Security Benefits appeared first on ROI TV.

A presentation outlining the seven stages of wealth building with actionable steps for financial growth and legacy creation.

Highlights

1. Stages of Wealth Building

• Aaron introduced the concept of wealth building as a journey through seven distinct stages: financial struggle, solvency, stability, security, independence, freedom, and abundance/legacy, emphasizing that wealth is built intentionally step by step rather than through luck or magic.
• Each stage reflects a financial shift accompanied by a new mindset, habits, and levels of discipline, with tangible markers such as net worth, savings rate, income sources, and lifestyle changes.
• Aaron highlighted that most people never progress beyond stages three (stability) or four (security) due to a lack of a clear roadmap, and he aims to provide actionable guidance for climbing the wealth ladder.

2. Level 1: Financial Struggle

• Financial struggle is characterized by negative or near-zero net worth, non-existent savings, reliance on credit cards, irregular income, and constant financial emergencies.
• The main objective at this stage is to stabilize cash flows, with Aaron suggesting building a small cash buffer, such as $500 in savings, to create breathing room and reduce reliance on debt.

3. Level 2: Solvency

• Solvency is defined by a net worth between $0 and $10,000, a savings rate of 5-10%, and steady income without reliance on debt.
• Aaron described this stage as a starting line for many, particularly those fresh out of college, and emphasized the importance of building momentum by automating savings and creating a small emergency fund.

4. Level 3: Stability

• Stability is marked by a net worth between $10,000 and $100,000, a savings rate of 10-20%, steady employment, contributions to retirement accounts, and sustainable financial habits.
• Aaron noted that this stage provides a sense of comfort and security, but warned against complacency, urging individuals to focus on increasing income and accelerating wealth-building efforts.

5. Level 4: Security

• Security involves a net worth between $100,000 and $500,000, a savings rate of 15-25%, consistent retirement contributions, elimination of high-interest debt, and investments showing real growth.
• Aaron emphasized the importance of shifting from saving to investing, expanding income streams beyond retirement accounts, and preparing for long-term financial needs such as healthcare and rising costs.

6. Level 5: Independence

• Independence is achieved when investments cover all essential expenses, with a typical net worth between $500,000 and $1.5 million, and savings/investment rates of 25-40%.
• Aaron highlighted the transformative impact of financial independence, where work becomes optional, and investments generate income through dividends, interest, rental properties, or businesses.
• He advised focusing on withdrawal strategies, tax efficiency, and sustainable access to wealth, including Roth conversions and capital gains strategies.

7. Level 6: Freedom

• Freedom is characterized by a net worth between $1.5 million and $5 million, multiple income sources, and complete autonomy over time and lifestyle, enabling individuals to say yes to meaningful pursuits and no to unnecessary obligations.
• Aaron encouraged shifting focus from finances to fulfillment, creating intentional structures for life through activities like mentoring, volunteering, or launching new ventures driven by joy and purpose.

8. Level 7: Abundance and Legacy

• Abundance and legacy represent the pinnacle of wealth building, with a net worth of $5 million or more, where money becomes a tool for impact rather than personal needs.
• Aaron described this stage as shaping the world through scholarships, generational wealth, charitable foundations, and causes, emphasizing the importance of planting seeds for legacy early in the journey.
• He concluded by stating that true wealth is defined not by what is kept but by what is passed on, encouraging viewers to reflect on their current stage and take actionable steps to progress further.

All writings are for educational and entertainment purposes only and does not provide investment or financial advice of any kind.

The post 7 Levels of Financial Independence appeared first on ROI TV.

Let’s break it down.

1. Retirement Age

The earlier you want to retire, the more years you’ll need to fund without earned income—and that means higher savings. Retiring at 60 instead of 67 could mean needing hundreds of thousands more. On the other hand, delaying retirement gives your investments more time to grow and reduces your required annual savings rate.

2. Annual Spending

Forget replacing your income—what you really need is to replace your spending. If you’re spending everything you earn, you’ll need to replicate that level in retirement. But if you’re a super saver, your needs may be far lower. That’s why a custom retirement budget is more helpful than guessing based on averages.

3. Withdrawal Rate

This is the rate at which you safely draw from your savings in retirement. A 4% rate means you’ll need 25 times your annual spending. So if you need $60,000 per year, you’ll want $1.5 million. Prefer a safer 3% rate? Now you’re aiming for $2 million. Choose a more aggressive 5%, and $1.2 million might do the trick—but with more risk.

4. Other Income Sources

Pensions, Social Security, annuities, and rental income reduce how much you need to save. For example, $2,000/month in Social Security can offset nearly $500,000 in savings. Make sure to factor in all guaranteed income when calculating your savings target.

5. Longevity

How long you live affects how long your money must last. Planning for 25–30 years in retirement means keeping withdrawal rates conservative—perhaps 3.3% instead of 4%. That increases the amount you need saved but helps guard against running out of money.

6. Inflation

A 3% annual inflation rate means your $60,000 spending today could balloon to $145,000 in 30 years. Investing for growth is essential to keep pace. The good news? A safe withdrawal strategy like the 4% rule typically builds in inflation adjustments to maintain your purchasing power.

7. Healthcare Costs

Healthcare costs tend to rise as you age. Retiring before Medicare kicks in at 65 means covering 100% of your insurance. Even after 65, Medicare doesn’t cover everything—think dental, vision, hearing, and long-term care. A dedicated healthcare fund or HSA can help fill the gap.

8. Dependents

Supporting aging parents, adult children, or grandchildren? These added financial responsibilities stretch your retirement dollars. Whether it’s tuition support, caregiving, or living assistance, planning for others adds complexity—and cost—to your retirement equation.

9. Legacy Goals

Do you want to leave something behind for loved ones or donate to a cause? That goal increases your savings needs too. You’re not just saving to support yourself—you’re building a financial legacy.

Bottom Line:
There’s no shortcut to figuring out how much to save. But with these nine factors in mind, you can create a plan that reflects your real needs—not generic advice. Start early, stay intentional, and don’t compare your journey to anyone else’s. Your retirement is your destination.

All writings are for educational and entertainment purposes only and does not provide investment or financial advice of any kind.

The post 9 Factors That Determine Exactly How Much You Need to Save to Retire appeared first on ROI TV.

Credit Cards Aren’t a Tool—They’re a Trap

We’ve been conditioned to treat credit cards as a normal, even necessary, part of our financial lives. But the truth is, they’re part of a trillion-dollar system built to profit off your stress, your spending, and your setbacks. Sure, some folks chase airline miles or cashback rewards—but for most people, credit cards aren’t about perks. They’re about survival.

Millions of Americans are forced to rely on credit cards to make ends meet. Groceries, gas, school supplies—all of it gets swiped and deferred. But the price of convenience is staggering: credit card interest rates often range from 18% to 25%. At those rates, a $1,000 emergency can balloon into years of payments. That’s not convenience—that’s financial quicksand.

How Credit Card Companies Really Make Money

Let’s peel back the curtain. Here’s how these companies rake in billions:

• Interest Payments – If you’re not paying off your balance in full every month, the interest charges start stacking up fast. That’s where they make the bulk of their profit.
• Annual Fees – From $50 to $600 a year, just to access “perks” that you may or may not use.
• Swipe Fees – Every time you use a card, the business pays a processing fee—which they pass on to you in the form of higher prices.
• Late Fees – A single missed payment? That’s $25–$40 down the drain, often with interest back-charged from day one.
• Corporate Kickbacks – Credit card companies buy airline miles and hotel perks in bulk, creating “reward” partnerships that sound generous but are just another way to get you to spend more.

This isn’t just clever marketing. It’s a system designed to benefit everyone but you.

The Psychological Cost of Carrying Debt

The financial cost of credit cards is bad enough, but the emotional toll? That’s what really hits home. Living paycheck to paycheck, juggling minimum payments, dreading the mailbox—this is not freedom. It’s financial captivity.

The credit card industry thrives on consumer insecurity. Every luxury bank tower in Manhattan is built on your interest payments. It’s time to ask: Is it worth it?

The Path to Real Financial Freedom

Getting rid of credit cards isn’t just about cutting plastic. It’s about reclaiming your income, your confidence, and your peace of mind. When you’re not handing over hundreds (or thousands) to banks in interest and fees, you can start putting that money toward real goals—like saving, investing, and giving.

Debt-free doesn’t mean living without rewards. It means living with purpose.

If you’re ready to break free from the cycle, keep learning. This is just the start. I’ve got more episodes, tools, and resources to help you escape the credit card trap for good.

The post The Truth About Credit Cards: Breaking Free from the Debt Trap appeared first on ROI TV.

Are Retirees Actually Running Out of Money?
You may have heard that 45% of Americans retiring at 65 will run out of money. That stat gets thrown around a lot, but it’s based on outdated models that assume retirees spend the same amount every year, regardless of what’s happening in their life or the markets. In reality, retirees adjust. Many cut back even when they don’t have to. Wealthy retirees hold back too—worried about unexpected healthcare costs or market volatility. The truth is, most people adapt instead of blindly depleting their nest egg.

Spending in Retirement Isn’t Linear
Research from David Blanchett and T. Rowe Price shows spending in retirement tends to decline by about 1% to 2% per year. Yes, healthcare costs may rise, but other expenses like commuting, housing, and entertainment often go down. Some retirees follow a “retirement smile” spending pattern—more in the early years, less in the middle, then a modest rise later for medical costs. This natural decline in spending means your portfolio doesn’t need to be as large as you think. If you plan to spend $60,000 a year, you might only need $835,000—not $1.5 million.

Why Dynamic Spending Strategies Work
Instead of a rigid withdrawal plan, many retirees use dynamic spending strategies. That means adjusting withdrawals based on market performance and personal needs. Set guardrails. Adjust annually. Doing so boosts the odds your money lasts for life. It’s flexible, responsive, and realistic—because life is rarely linear.

Retirees Make Real-World Adjustments
About one-third of retirees in their 60s consider part-time work or consulting to supplement their income. Others downsize or move to lower-cost areas. Some rely on family temporarily. Retirees don’t just let their accounts run dry—they respond, adapt, and take control. That’s what real retirement looks like.

Retirement Confidence Is Higher Than You Think
According to the 2025 Retirement Confidence Survey, 78% of retirees say they feel confident about having enough to live comfortably. That’s even higher than the 67% of pre-retirees who feel the same. Confidence actually grows once you retire. Why? Because you realize life doesn’t stop, and the sky doesn’t fall.

Don’t Believe the Headlines
Alarming headlines claiming half of retirees will run out of money ignore how people actually behave. These models don’t consider flexibility, Social Security, pensions, or retirees picking up part-time work. They don’t factor in that people tend to spend less over time. It’s not that retirees are perfect—it’s that they’re practical. And they do what it takes to make it work.

Planning for a Confident Retirement
You don’t have to retire scared. With proper planning, flexible strategies, and a willingness to adjust, retirement can be more secure than you imagined. Don’t base your future on fear. Build it on facts—and give yourself the grace to adapt as life evolves.

Retirement isn’t about knowing exactly what will happen. It’s about being ready no matter what does.

All writings are for educational and entertainment purposes only and does not provide investment or financial advice of any kind.

The post Will I Run Out of Money in Retirement? Here’s the Real Answer appeared first on ROI TV.

1. Start With a Monthly Budget
I used to think budgeting felt restrictive, but it actually gave me freedom. When I started creating a zero-based budget each month—where every dollar gets assigned a job—I felt like I gave myself a raise. That included giving, saving, and spending categories. I even added a “miscellaneous” line to avoid surprises from unexpected expenses. I now use the Every Dollar app to make budgeting easy and automatic. Trust me, it’s not about cutting joy—it’s about cutting waste.

2. Cancel Unused Subscriptions
You know what really adds up fast? Subscriptions you don’t use. When I finally did a subscription cleanout, I found we were paying for Apple TV, Hulu, Netflix, Disney+, and cable. Cutting cable alone saved us hundreds each year. If you’re not watching something regularly, cancel it. Even those $5–$15 monthly charges can add up to hundreds of dollars over time. Simplifying saved us money and made life less cluttered.

3. Protect Your Online Privacy with Delete Me
This might not seem like a money-saving tip at first glance, but protecting your identity saves you from major financial headaches down the road.

4. Buy Non-Perishables in Bulk
Let’s talk about bulk buying. I compared prices between Target and Costco on things like paper towels, toilet paper, and paper plates. The savings? Substantial. While I never buy perishables in bulk (I hate wasting food), I stock up on household essentials I know we’ll use. A Costco membership paid for itself in no time. If you have the storage space, buying in bulk can be a quiet money-saving powerhouse.

5. Plan Your Meals and Grocery Trips
Food is often the number one budget buster. I used to grocery shop without a plan and ended up with random items—and still no idea what to cook. Now I plan dinners for the week. Just knowing what we’re eating helps us avoid takeout and keeps us from impulse buying in the store. Even something as simple as spaghetti or tacos makes a difference. Use a meal planner and shopping guide to stay on track.

Bonus: Curb Impulse Spending
This one stings a little—but it’s eye-opening. The average American spends $150 a month on impulse buys. That’s $1,800 a year. I started by doing a “no spend” month, only buying essentials. It wasn’t easy at first, but I saw real savings. Now, I plan my purchases ahead of time and resist the temptation to toss extra items into my cart. If it’s not on the list, it stays on the shelf.

The Bottom Line
You don’t need to overhaul your life to start saving money. These five changes—budgeting, cutting subscriptions, protecting your identity, buying in bulk, and planning your meals—made a big impact on my finances. And they can for you too. Start small, stay consistent, and you’ll be surprised at how quickly the savings add up.

All writings are for educational and entertainment purposes only and does not provide investment or financial advice of any kind.

The post 5 Ways to Cut Costs Without Feeling Deprived appeared first on ROI TV.

Retirement Savings Are Growing
According to Vanguard’s How America Saves 2024 report, the average 401(k) balance at the end of 2023 was $134,000, up 19% from the previous year. That growth is due to higher contributions and a strong stock market. The median balance was $35,000, which may sound low—but averages naturally rise with age. Workers under 35 have a median balance of $19,000, while those 65 and older have a median of $200,000 and an average of over $600,000. These numbers are trending up, not down, as workers earn more and save longer.

Looking Beyond the Account Balance
Retirement savings don’t live in a vacuum. People often have multiple accounts spread across old employers, which can make balances look smaller than they are. Plus, retirement isn’t just funded by savings. It’s supported by guaranteed income streams like Social Security and pensions, not to mention home equity. In fact, retirees aged 65–74 see their median net worth grow from $364,000 to over $400,000—a 12% increase during retirement. So no, the money doesn’t just run out.

Americans Are Saving at Record Levels
In 2023, the average 401(k) deferral rate reached a record 7.4%. With employer matching, that’s about 12% of income going into retirement accounts. That means Americans are saving roughly 1 out of every 8 dollars they earn through employer-sponsored plans. The personal savings rate—reported at 4.6% in February 2025—doesn’t even count these retirement accounts. So when people say Americans aren’t saving, they’re only telling part of the story.

How Retirement Really Looks for Most
Let’s take a middle-class couple making $60,000 each before retiring. Together, they could receive $48,000 in annual Social Security income. Add just $10,000 a year from investment withdrawals, and they’re living on $58,000—close to their pre-retirement income. But here’s the kicker: expenses drop in retirement. You’re not contributing to a 401(k), paying FICA payroll taxes, or commuting daily. Sixty-three percent of retirees own their homes outright. Many are living more comfortably than they did while working.

The Role of the Media
Why do so many people still believe there’s a crisis? Because fear sells. Headlines like “Americans entering old age least prepared in decades” get more clicks than “Americans are saving more than ever.” But that doesn’t mean they’re accurate. Biggs and other researchers show that retirement satisfaction is high and getting better. Let’s stop being afraid of a future that, for many, looks financially stable and secure.

The Bottom Line
Retirement in America is not a looming disaster—it’s a story of progress. Americans are saving more, spending smarter, and retiring with better financial tools than ever before. The crisis narrative is outdated and misleading. Instead of reacting to fear, look at the data. If you’re saving consistently, investing wisely, and leveraging tools like Social Security, you’re likely on a solid path. The real story of retirement isn’t one of crisis—it’s one of quiet success.

All writings are for educational and entertainment purposes only and does not provide investment or financial advice of any kind.

The post The Truth About Retirement: Why the Crisis Narrative Doesn’t Hold Up appeared first on ROI TV.

1. Don’t Buy a New Car Unless You’re a Millionaire
I say it all the time: cars are not assets they’re depreciating liabilities. A new car loses thousands of dollars in value the second you drive it off the lot. That’s why I never recommend buying a new car until your net worth hits $1 million. Instead, look for a three- to four-year-old vehicle and pay cash. You’ll avoid the car loan trap and keep more of your money working for you.

2. Credit Cards? No Thanks.
I don’t use credit cards. Not for the points, not for the miles. Because I want total control over my money. Studies show that people spend more with credit even when they pay it off every month because it doesn’t feel real. Debit cards or cash keep me emotionally connected to my money and keep my budget honest. If you think you’re beating the credit card companies, think again they built entire skyscrapers off people trying to do just that.

3. Marriage Means Combining Accounts
When you get married, it’s not just about sharing a life it’s about sharing everything, including your bank account. I fully believe in combining checking accounts because it forces communication, teamwork, and trust. Now, are there exceptions? Absolutely. If there’s addiction, infidelity, or secrecy, you need protection. But in a healthy relationship, one account leads to one financial future together.

4. Guard Your Personal Data
In today’s world, your personal info is bought, sold, and stolen daily. I use services like DeleteMe to wipe my data off hundreds of broker sites. It’s affordable under $10 a month and keeps me a little safer from scammers, spammers, and identity thieves. If you value your privacy, you can’t ignore this.

5. Invest 15% Conservatively, Always
Forget get-rich-quick schemes and crypto hype. I follow the Ramsay plan: invest 15% of your income into tax-advantaged retirement accounts like Roth IRAs, 401(k)s, and 403(b)s. I do it consistently, whether the market is up or down. The long-term wins aren’t flashy, but they work. And if you need help, use Smarter Pro to find a trustworthy investment pro.

6. Buy a House Only When It Won’t Break You
I have a formula for buying a home, and I stick to it. Minimum 5% down. 15-year fixed-rate mortgage. Monthly payments no more than 25% of your take-home pay. These rules keep you from becoming “house poor.” And if that means waiting longer or buying a smaller place, so be it. A home should be a blessing, not a burden.

7. Live Below Your Means (Yes, It’s Hard)
Living below your means sounds simple, but it’s tough in a world of constant temptation. It means saying no when others say yes. It might mean cutting back, working extra hours, or skipping the big vacation. But the payoff is huge: peace, freedom, and never having to wonder if your card will get declined.

8. Old-School Financial Wisdom Still Works
There’s no shortage of flashy financial advice online but I believe in the tried-and-true. Pay yourself first. Avoid debt. Budget like your life depends on it. These aren’t outdated ideas; they’re timeless truths that have helped millions of people take control of their money. Consistency and discipline always beat cleverness and chaos.

If you’re tired of struggling with money, it’s time to get back to the basics. These rules may not trend on TikTok, but they’ve helped people find financial peace and they can work for you too.

All writings are for educational and entertainment purposes only and does not provide investment or financial advice of any kind.

The post 8 Money Rules I Live By (Even If They’re Unpopular) appeared first on ROI TV.

The truth is, a balanced life isn’t about doing less—it’s about doing things sustainably. I’ve learned that if you want to make better decisions with your time and your money, the first step is slowing down.

Life Balance Isn’t a Math Problem—It’s a Rhythm

We talk about balance like it’s a perfect equation. Eight hours for work, eight for sleep, eight for everything else. But life doesn’t work that way. Some seasons demand more of us in one area than another—and that’s okay.

What matters is boundaries—learning where your limits are and honoring them. You don’t need to do everything at once. You need to make room for the things that matter most right now. The goal isn’t perfection. It’s sustainability.

Financial Health Starts With Mental Margin

Here’s where it gets real: when you’re tired, stressed, and stretched thin, your financial decisions suffer. That stress can lead to impulse spending, especially on things that promise quick comfort—takeout, online shopping, expensive subscriptions.

Why? Because stress puts you in a scarcity mindset. It tells you you don’t have enough time, money, energy, or space—and convinces you to spend without thinking. But when you have mental margin, you make clearer, wiser choices with your money.

“Be Where Your Feet Are”

One of my favorite strategies is this simple phrase: Be where your feet are.

When you’re at work—be at work. When you’re home—be home. Don’t take work stress into your downtime or try to multitask rest. Boundaries like this protect your energy, strengthen relationships, and help you avoid the kind of burnout that leads to poor spending choices.

Also, let’s talk about sacrifice for a season. Sometimes you do need to hustle—maybe you’re paying down debt or saving for something big. That’s okay. Just make sure those intense seasons are temporary and intentional, not your default.

Rest Isn’t Lazy. It’s a Power Move.

Rest isn’t a reward for getting everything done—it’s part of getting things done. When you’re rested, you can think more clearly, resist impulse buys, plan better, and show up fully in your life.

Think of rest as an act of service to yourself and to others. It allows you to handle stress better, be present, and create the kind of peace that leads to long-term stability—not just emotionally, but financially.

Cut the Convenience. Keep the Intentionality.

Want to lower your spending? Start by slowing down your lifestyle. That means:

• Planning meals instead of ordering in
• Canceling subscriptions you rarely use
• Walking instead of driving when you can
• Taking time to actually enjoy the things you’ve already paid for

These aren’t just budget tips—they’re mindset shifts. They remind you that you control your time and money, not the other way around.

You Are Not Your Productivity

We’ve been sold this idea that our worth is tied to how busy we are. More hours, more hustle, more results. But it’s a lie. You are valuable—even if you rest. Even if you don’t hit every goal this month. Even if you pause.

Your peace is worth prioritizing. When you slow down and give yourself space, you’re not falling behind—you’re getting in alignment with a life that’s more human, more sustainable, and honestly, more joyful.

The post Why Slowing Down Could Be the Best Financial Decision You Make appeared first on ROI TV.

Whether you’re dating, engaged, or married, money is one of the most emotionally charged topics we face as couples. According to the latest stats, 41% of couples with debt argue about money. Surprisingly, even 25% of debt-free couples still have money fights.

In other words money stress isn’t just about debt it’s about alignment. And if you’re not on the same page, your relationship could be headed for tension, resentment, or worse.

Let’s break down when and how to talk about money, what red flags to watch for, and why financial differences don’t have to be dealbreakers if you manage them with communication and shared values.

Start Talking Early But Naturally

When a relationship starts getting serious, the money talk should come naturally. You don’t need to start with credit scores and retirement plans on the first date, but as things deepen, it’s critical to talk about financial values—just like you’d talk about family, kids, spirituality, or discipline.

If money doesn’t come up on its own, you can gently ask questions like:

• “How did your family handle money growing up?”
• “What’s your take on credit card debt?”
• “What does financial security look like to you?”

These open-ended questions spark meaningful conversations without sounding like an interrogation. As the relationship progresses especially if you’re talking engagement or marriage financial transparency is non-negotiable. That includes income, debt, savings, and goals.

Red Flags You Shouldn’t Ignore

Money avoidance is a massive red flag. If your partner shuts down every time finances come up, it’s time to ask why. Are they afraid? Embarrassed? Or just not ready to be a financial team?

Other red flags to watch for:

• Extreme spending or saving – Both can signal emotional baggage around money.
• Scarcity mindset – Hoarding money out of fear or lack of trust can create tension and control issues.
• Lack of generosity – Whether with time or money, stinginess may reveal a deeper self-centeredness.
• Misaligned values – If one of you is aggressively debt-averse while the other shrugs off credit card balances, you’re going to clash.

You don’t need to agree on everything. But if you disagree on foundational things like lifestyle, giving, or debt management, you’ll struggle to move forward as a team.

Opposites Can Work If Values Align

Here’s some good news: you don’t have to be financial clones. Maybe one of you is a spender and the other’s a saver. That’s okay. Differences in money tendencies aren’t the issue it’s whether your core values align.

Can you agree on:

• Living debt-free?
• Planning for the future?
• What kind of lifestyle you want?
• Giving and generosity?

If the answer is yes, your different habits can actually complement each other. The key is open communication and shared goals not identical behaviors.

My Hot Take on Combining Finances

Look, I know not everyone agrees with me on this but I believe combining finances is one of the best things couples can do to build trust and unity. It forces you to work together, communicate regularly, and plan as a team.

I go into more detail in a resource linked in the transcript, but here’s the short version: if you’re building a life together, your money should work together too. Transparency, teamwork, and trust go a long way.

Final Thoughts

If you’re in a relationship, money will come up. The question is will you face it with fear or with clarity?

Talking about money doesn’t have to be a fight. It can be a powerful way to deepen your relationship, align your goals, and build a future you’re both excited about.

So ask the questions. Be honest. Watch for the red flags. And remember you’re not just building wealth. You’re building a life.

All writings are for educational and entertainment purposes only and does not provide investment or financial advice of any kind.

The post Do This Now to Avoid Money Problems in Your Marriage appeared first on ROI TV.

1. Customized Doormat

Nothing says “welcome home” like a doormat with their name or initials. Personal and under $25 on Amazon.

2. Himalayan Salt Lamp

Great for the essential oil crowd or anyone who loves ambiance. It’s said to purify the air and it looks beautiful too.

3. Good Housekeeping Home Skills Book

For new homeowners who need a go-to guide for common home tasks and DIY fixes. Practical and fun!

4. Freestanding Wine Rack

Perfect for wine lovers, this stylish rack fits on a counter or shelf and adds an instant touch of class.

5. Personalized Address Stamp

Functional and charming especially for those sending out change-of-address cards or holiday mail.

6. Set of Kitchen Towels

You can never have too many, and you can find stylish, absorbent sets for under $20.

7. Indoor Herb Garden Kit

Great for small spaces and foodies alike. It’s a gift that grows literally.

8. Bamboo Cutting Board

Eco-friendly, durable, and easy to personalize with an engraving or monogram.

9. Scented Candle Set

Calming, elegant, and universally appreciated. Pick a neutral scent like lavender or vanilla.

10. Silicone Cooking Utensil Set

Heat-resistant, colorful, and a major upgrade from the random drawer of spoons they probably have.

11. Coffee Bar Organizer

Think: countertop tray to keep coffee pods, sugar, and mugs tidy and stylish.

12. Essential Oil Diffuser

Looks chic and adds a spa-like touch to any space. Add a bottle of lavender oil if you want to go the extra mile.

13. Funny Kitchen Signs

Whether it’s “Alexa, do the dishes” or “This kitchen is seasoned with love,” these are crowd-pleasers.

14. Wine Bottle Opener Set

A must-have for any host. Look for one with a foil cutter, corkscrew, and stopper in one box.

15. Mason Jar Set

They’re not just for canning mason jars are endlessly versatile and make great drinking glasses or storage.

16. Reusable Grocery Tote Set

Eco-friendly and handy, especially for someone settling into a new routine in a new neighborhood.

17. Cheese Board Set

Find a small board with a few tools included ideal for casual entertaining.

18. Cozy Throw Blanket

Soft, neutral-colored throws under $25 are easy to find and always appreciated.

19. Houseplant or Succulent

Low-maintenance plants like snake plants or succulents add life to a home and look great on any shelf.

20. Wall Calendar or Whiteboard

Great for keeping track of moving tasks, appointments, or even meal planning.

21. Cookbook with Quick Recipes

Go for one focused on 5-ingredient meals or 30-minute dinners perfect for busy homeowners.

Final Thoughts

You don’t have to spend a fortune to make someone feel celebrated. Whether it’s a cozy blanket, a personalized stamp, or a bottle opener set they’ll remember you every time they use it. So next time you’re invited to a housewarming party or just want to bring a little joy to someone’s new home, you’ve got 21 ways to do it affordably and thoughtfully.

The post 21 Budget-Friendly Housewarming Gifts Under $25 That People Actually Love appeared first on ROI TV.

Let’s explore how to build and maintain cash reserves in retirement while still allowing your investments to grow.

1. Why Cash Reserves Matter in Retirement

Financial planners from firms like Fidelity and Vanguard recommend maintaining 1 to 5 years of essential expenses in cash reserves. These reserves act as a shield during market downturns, so you don’t have to sell investments when they’re down.

Cash should only be used to cover the gap between guaranteed income (like Social Security, pensions, or annuities) and your essential monthly expenses, not your entire retirement budget.

2. How to Calculate Your Cash Reserve Needs

Let’s break it down with examples:

• If your essential monthly expenses are $4,000 and Social Security provides $1,900, your monthly shortfall is $2,100.
  • 1-year reserve: $25,200
  • 3-year reserve: $75,600
  • 5-year reserve: $126,000
• For a couple receiving $2,850 in combined Social Security:
  • Monthly shortfall: $1,150
  • 1-year reserve: $13,800
  • 3-year reserve: $41,000
  • 5-year reserve: $69,000

3. Benefits of Keeping Cash Reserves

• Market protection: Avoid selling investments at a loss during downturns.
• Risk reduction: Protects against sequence of returns risk when early market losses drain portfolios faster.
• Peace of mind: Knowing you have cash to cover essentials reduces stress and prevents emotional investing mistakes.

4. The Trade-Offs of Holding Too Much Cash

While cash offers safety, it comes with some downsides:

• Opportunity cost: Between 1997 and 2023, cash investments underperformed the stock market by roughly 8% per year.
• Inflation: At a 3% annual rate, the purchasing power of your cash halves in 24 years.
• Replenishment strategy: Pull gains from your portfolio during strong market years to refill your reserves.

5. The Three-Bucket Strategy: A Smarter Way to Allocate Funds

This popular approach balances immediate access with long-term growth:

• Bucket 1: Short-Term (1–3 years)
  • Funded with cash or money market accounts.
  • Covers basic expenses when markets are down.
  • Example: $75,600 for a $2,100 monthly gap.
• Bucket 2: Intermediate-Term (4–10 years)
  • Funded with bonds, CDs, or conservative investments.
  • Bridges the gap once Bucket 1 is depleted.
  • Example: $176,400 for 7 years of expenses.
• Bucket 3: Long-Term (11+ years)
  • Funded with equities, ETFs, and REITs for growth.
  • Designed to replenish the other buckets and outpace inflation.

6. Should Retirees Still Invest in Stocks?

Yes and here’s why:

• A 60/40 portfolio (60% stocks, 40% bonds) has historically delivered solid returns and weathered market volatility.
• Experts recommend maintaining 40–60% in equities, even during retirement, to combat inflation and preserve purchasing power.
• Just be sure to match your equity exposure to your risk tolerance, time horizon, and income needs.

7. Keep Reviewing and Rebalancing

Your financial plan isn’t static. You should:

• Review it annually or after life events (e.g., downsizing, medical changes, or a death in the family).
• Replenish cash reserves during bull markets don’t wait until you’re forced to sell in a downturn.
• Adjust your strategy based on market conditions, expenses, and personal needs.

8. The Emotional Power of a Cash Buffer

Sometimes, the biggest benefit isn’t financial it’s psychological. Knowing you have 1–5 years of expenses covered in cash lets you sleep better and avoid rash decisions when the market dips.

But balance is key. Too much cash erodes long-term growth. Too little invites panic. The goal is to strike the right middle ground between security and opportunity.

Final Thoughts

Cash reserves are your retirement safety net. They reduce your financial stress, protect against market losses, and give your investments time to recover. By following a three-bucket strategy and calculating your true income gap, you can build a sustainable, confident retirement plan that grows with you.

If you’re wondering how much cash is right for your situation, start with your essential expenses and build from there. Retirement planning isn’t just about surviving it’s about thriving with clarity and control.

All writings are for educational and entertainment purposes only and does not provide investment or financial advice of any kind.

The post How Much Cash Should You Keep in Retirement? appeared first on ROI TV.

Psychological Barriers That Keep Retirees from Spending

Retirees often face internal conflicts when it comes to spending their nest egg. These psychological biases can create fear, guilt, and hesitation, even when they are financially secure.

Loss aversion makes retirees more sensitive to the idea of losing money than they are motivated by the joy of spending it. Even small withdrawals can feel like big losses.

Framing bias causes retirees to view income as “safe to spend” while treating their retirement savings as off-limits, almost like a safety net that must not be touched.

Narrow bracketing leads retirees to mentally separate their savings from other financial sources, making it emotionally harder to use those funds.

How Retirees Actually Spend

Data shows a striking difference between how retirees treat guaranteed income versus their personal savings. While retirees are comfortable spending money from Social Security or pensions, they are far more conservative with investments.

Retirees spend roughly 80% of their guaranteed income but withdraw only about 2% annually from their personal investment portfolios.

Guaranteed income sources like pensions and annuities encourage more confident spending compared to self-managed investment accounts.

How Required Minimum Distributions (RMDs) Influence Behavior

RMDs, which require retirees to withdraw funds from qualified retirement accounts after a certain age, serve as a useful nudge for those reluctant to spend.

Average spending from qualified accounts starts at 2.1% at age 65 and increases to 3.84% by age 80, largely because RMDs force retirees to use their savings.

This mandate can help reframe savings as usable income rather than an untouchable asset, easing psychological resistance.

Strategies to Build Spending Confidence

There are practical ways to reframe retirement savings as a reliable source of income, rather than a fragile pile of money to be protected at all costs.

Use managed payout funds that distribute regular monthly income, simulating the effect of a paycheck.

Set up automatic monthly withdrawals from investment accounts to establish consistency and reduce anxiety about “deciding” when to spend.

Consider annuitizing a portion of your portfolio to create guaranteed income streams, which have been shown to increase retirees’ comfort with spending.

The Importance of a Healthy Retirement Mindset

Mindset plays a major role in retirement satisfaction. Shifting the way you view your savings can dramatically improve your ability to enjoy retirement.

Think of your savings as your retirement paycheck money you’ve already earned and earmarked for this phase of life.

Spending in retirement isn’t reckless; it’s essential for enjoying the life you planned and saved for.

Remember, the goal of saving wasn’t just to watch numbers grow it was to give you freedom, comfort, and joy in retirement.

Final Thought

Spending in retirement shouldn’t feel like a guilty indulgence. With the right mindset and strategy, you can confidently enjoy your savings, knowing they’re doing exactly what they were meant to do: support the life you deserve.

All writings are for educational and entertainment purposes only and does not provide investment or financial advice of any kind.

The post Why Retirees Struggle to Spend Their Savings and How to Fix It appeared first on ROI TV.

The Hidden Challenges of Wealth

Raising children in a financially secure household presents a unique challenge: how do you teach the value of hard work when the struggle to survive is removed? Many wealthy parents find themselves manufacturing adversity—making their kids earn things others might receive for free in order to instill discipline, gratitude, and financial literacy.

Today’s financial landscape also looks very different from 20 or 30 years ago. With easy access to credit, one-click purchasing, and curated lifestyles on social media, today’s kids face a whole new world of instant gratification and comparison. If not managed intentionally, these influences can leave children unprepared for financial independence.

Building Financial Resilience in Children

Teach Gratitude: Helping kids recognize and appreciate their financial advantages fosters humility and a healthier relationship with money. Gratitude can be taught through conversations, family volunteering, or simply modeling appreciation in daily life.

Assign Chores and Responsibilities: Giving kids age-appropriate responsibilities at home helps them understand the value of work and contribution. This sense of accomplishment becomes a foundation for future self-reliance.

Say “No” Sometimes: In a world where saying “yes” is easy, saying “no” is powerful. Boundaries teach kids that money is finite and not every want can or should be fulfilled immediately.

Practice Patience: Teaching kids to wait and save for something they want builds critical skills in delayed gratification—an important trait for long-term financial success.

Let Them Face Disappointment: Shielding children from setbacks robs them of the opportunity to grow. Allowing them to experience disappointment builds resilience, emotional intelligence, and confidence in their ability to overcome challenges.

Strategic Parenting for Financial Literacy

Parents must strike a balance between providing support and allowing natural consequences. Avoiding the “snowplow parent” trap clearing every obstacle in a child’s path helps them become adaptable and financially independent adults.

You don’t need to give your kids formal finance lessons to raise money-smart children. Small actions go a long way:

• Create “no spend” months.
• Talk about budgeting for vacations.
• Let kids earn money for extras.
• Involve them in charitable giving decisions.

When kids learn both the tactical (how money works) and emotional (why it matters) aspects of finances, they gain the tools needed for long-term success—no matter how much money they start with.

All writings are for educational and entertainment purposes only and does not provide investment or financial advice of any kind.

The post Raising Financially Resilient Kids in Wealthy Families appeared first on ROI TV.

If you’ve ever felt discouraged about your retirement progress, this one’s for you.

Rethinking Retirement Savings Goals

We’ve all heard it before: “You need to save 10 times your salary by the time you retire.” Fidelity suggests hitting savings milestones like one times your salary by 30, three times by 40, and so on culminating in 10x by age 67.

But here’s the truth: only 9% of Americans actually reach that goal, according to a 2025 study by Northwestern Mutual. Why? Because the system is stacked against us rising costs, student debt, inconsistent income, and delayed saving habits all make it harder to hit that number.

Aaron emphasized that it’s time to stop chasing arbitrary savings targets and start planning based on your real-life expenses.

Build a Retirement Plan Around Your Lifestyle

Instead of focusing on income multipliers or that $1 million myth, Aaron encouraged viewers to ask a more important question: What will I actually spend in retirement?

If you’re a strong saver now putting away 20–25% of your income you may be in a better position than you think. Why? Because you’re used to living on less, which means you’ll likely need less in retirement too.

Track your spending, account for healthcare, hobbies, and travel, and build a savings plan that supports your retirement lifestyle not someone else’s spreadsheet.

Social Security: A Game-Changer for Retirement Income

One of the most overlooked elements in retirement planning? Guaranteed income. That includes Social Security, pensions, and annuities sources of income that don’t rely on the market.

Aaron ran the numbers. For someone who needs $60,000 a year in retirement and expects to receive $30,000 in Social Security, they’d only need to save about $930,000 to cover the rest. For someone needing $40,000 annually with the same Social Security benefit, the needed nest egg drops to just $430,000.

And for modest couples? Social Security could cover nearly all of their retirement spending no million-dollar portfolio required.

Boosting Retirement Readiness, One Step at a Time

If you’re behind on your savings goal, don’t panic adjust. Aaron suggested:

• Increasing your savings rate by just 1–2%
• Working part-time during retirement
• Delaying retirement by one or two years
• Downsizing or trimming unnecessary expenses

These small changes can make a big difference without requiring a complete overhaul of your lifestyle. It’s not about perfection it’s about progress.

Market Volatility Is Changing Retirement Expectations

With ongoing inflation and unpredictable markets, more Americans are scaling back their retirement goals. The average target savings amount fell from $1.46 million in 2024 to $1.26 million in 2025.

But that’s not necessarily bad news. More people are embracing phased retirement, working part-time, or offering consulting services. Others are relocating to lower-cost areas to stretch their dollars further and prioritize simplicity over extravagance.

Retire on Your Terms, Not Someone Else’s

Stop letting the million-dollar myth hold you hostage.

The real strategy is to understand the gap between what you’ll spend and what you’ll receive from guaranteed income. That’s what determines how much you actually need to save. And millions of Americans retire successfully without ever hitting that $1 million mark.

If you want a retirement plan that works, start with these three steps:

1. Track your current expenses
2. Calculate your expected income streams
3. Create a savings plan that fills the gap

Retirement isn’t about a magic number it’s about living the life you want, sustainably and confidently.

All writings are for educational and entertainment purposes only and does not provide investment or financial advice of any kind.

The post Forget the Million-Dollar Myth: A Realistic Approach to Retirement Planning appeared first on ROI TV.