A friend of mine and I go on and off on when exactly is the right time invest. Do I buy stocks? ETF’s? index funds? We seem to just talk about it, but never exactly make that move. For starters, … Continue reading Opinion: Is it the right time to invest?
Diversifying your portfolio can be as simple or as complex as you’d like to make it. My personal advice is to not over do it. There is such a thing as too much diversification. Extreme diversification can spread your risk … Continue reading My personal diversification strategy and 3 simple tips for your portfolio
$1M dollars seems like a lot, but it unfortunately isn’t much when you really think about it from a retirement planning perspective. So how much do you really need for retirement? This simple question needs a compounded response because a … Continue reading $1M sounds great, but is it really enough?
I’ve shared before that 2018 is going to be the year that I focus on my family’s net worth. I’ll be honest, my net worth wasn’t a number I cared about but 2 years ago our net worth weighed very … Continue reading 5 quick tips to increase your net worth in 2018
2017 has been the year for cryptocurrency. On November 29th, Bitcoin hit $10,000. This means that one bitcoin is worth $10,000. It was at this moment it garnered the attention of investors, the media, banks, your friends, co-workers, regular people … Continue reading What is cryptocurrency?
Have you ever had the fear of missing out? Recently, I’ve experienced this on a small scale when I was giving the Bitcoin and cryptocurrency some deep thought. Lately, A LOT of my friends have been chatting with me about … Continue reading I’m a HUGE skeptic of Bitcoin, but this crypto has caught my attention
oh 2017…this definitely has been one of the most rewarding and most challenging years of my life. Ever since we embarked on this personal finance blog journey, I’ve decided that at the end of every year I want to share … Continue reading This is how we lived below our means and saved nearly $60,000 in 2017
Before I became a personal finance freek, I had no idea there are 3 types of IRA accounts. To be honest, I didn’t even have an IRA account until 2 years ago! I thought I was killing my savings/retirement game … Continue reading Is Your Cash Simple, Roth, or more Traditional? Check Out Which IRA is Best For You!
Wealth in America is growing! You’ve read this and probably thought, “yea, this is obvious,” but I’m referring to 401(k) balances. According to a Fidelity Investment analysis, 401(k) balances have grown 9.6% since last year and the average 401(k) balance … Continue reading 401(k)s in America
Capital gains is a fancy word for the profits you made from selling your investment or real estate assets. While this term and what surrounds it may seem pretty straight forward, the tricky part of it comes down to how … Continue reading Capital Gains in Layman’s Terms
To all of you smokers out there, including my very own friends, I’ve got a message for you. No, my post does not include one of those creepy and disturbing videos of a person peeling off their skin when buying … Continue reading The Impact Of Your Smoking Habit
Let’s bring it down to the basics. In the investment world, there are 3 main asset classes: equities (stocks), fixed income (bonds), and cash equivalents (money market). To further explain asset classes, think of it as a type of investment … Continue reading What Are The Differences Between Stocks, ETFs, Mutual Funds, And Bonds?
Truth is, many people are not ready to invest. Financial planning can be compared to building a home because you’ve got to lay a strong foundation – an emergency fund, insurance coverage to mitigate risk, and very low to zero … Continue reading It Can’t Get Any Easier
Early on in my career I learned that paying myself via retirement contributions and investing was the biggest opportunity to build my wealth. Many of you might not be comfortable with investing because you believe it’s complicated, you don’t trust … Continue reading Doing Nothing Is Your Biggest Mistake
If you’re anything like me, you’re eager to grow your wealth by investing in stocks, mutual funds, ETFs, etc. You should be cautious about jumping head first. I recommend that you take a hard look at your finances and ask … Continue reading Read This Before You Start Investing
Last week I asked my friends on Facebook for insight on which investment apps they were using. Many mentioned Acorns, Betterment, and Robinhood. Some even mentioned the big banking institutions. Well, I’ve done a TON of research on all of … Continue reading Here Is How I’ll Be Investing My Stash