We’ve painted the stock market as this mysterious and exclusive place for a certain echelon of America to bask in their wealth. After months of research from books, blogs, and banks, all signs pointed at that fancy invest word.No one in my family invested, but everyone in the financial industry said it was a key component to build wealth. So I thought, If they can do it, why can’t I? Read More
Here are the top free investing apps, ranked by level of involvement and functionality. So whether you’re a hands-on, hands-off, or a somewhere-in-between investor, you can manage your money on your own terms, and in your own time. Read More
Why is it so hard to follow through on habits we know will make us better? Our need for quick results. We want big change, now. And if we don’t get it, we quit. It's the kind of thinking that makes grand plans for you on December 31st but completely forgets about them by January 27. But there are three ways to get consistent with your money and your mindset. Read More
Ever know someone who bought a timeshare vacation-home? Well a mutual fund is kind of like a timeshare of 100 (or 500 or 2,000) different properties that you, and everyone else who buys into them partially owns. Except instead of vacation homes, its an aggregation of many different investments (like a collection of stocks from 100 different tech companies). Let's talk to pros and cons. Read More
Here is an exercise and example of how you can use your everyday financial decisions to influence the world you want for the future. There are essentially four ways we use money, and, as an example, I’ll use climate change (of course, you can do this exercise with whatever your top priority is): Spend, Give, Invest, Save. Read More
So, vaccine trial data from Pfizer shows 90% efficacy - wow. This is a truly big moment for every one of us because if this is true, then it means we can slowly begin to reopen the world. Read More
You remember that you vowed to use your extra cash to start investing. And now you’re feeling a little bit sweaty.How do you decide which investments are the best ones for you? How much risk can (or should) you take? What do you do with your hands?Let us clarify some of your burning questions and help you get started on creating your own portfolio. Read More
To summarize, an overall strategy can help you avoid these pitfalls. Be in the best financial position possible or any life or economic circumstance with these 4 steps:
1) Install or maintain a financial safety net for life’s biggest financial risks, to include (but not limited to) disability, death, divorce, unemployment, or lawsuit.
2) Save/invest 15-20% of your annual before tax income.
3) Reduce taxes and debt.
4) Spend the rest without shame or guilt. Read More