Learn how to make your money work for you, instead of the other way around.
Like many of you out there, I’m a coffee lover. It’s rare that I don’t start my day with a fresh fruit & vegetable smoothie and then a cup of coffee out on my back patio as I welcome the day. Occasionally, I would like to get out and enjoy a cup, along with great conversation, in …
The following is a guest post, courtesy of Jordan Niefeld, CPA, CFP® Before you decide how much money you need to begin investing, first start by having an honest conversation with yourself and see what exactly you are trying to achieve. Ask yourself questions like: What specific financial goals are most important to you? Do you …
Ideally, people investing for retirement always should have been able to feel confident that their financial advisors were giving them unbiased advice and recommending what was best for them. That wasn’t necessarily the case, though, which prompted the Department of Labor to issue new fiduciary rules in April designed to ensure that financial professionals put …
Thanks to the Internet and fast broadband connections, we have better, faster access to more content – photos, information, music, and videos – than ever before. Just as importantly, for those of us that have an interest in doing so, creating and sharing that content is easier than ever. As you have likely heard, there …
The analogy I often use when discussing wealth accumulation is rolling a snowball. A snowball starts with a single flake and takes a while to grow. However, as the snowball grows in size, with a larger surface area, that larger surface area attracts more snow, faster. Such is the case with accumulating wealth. While …
During the course of previous discussions, we have identified three general stages in an individual’s investment lifecycle: building a fiscal foundation (conducted during your 20s and 30s), accumulating wealth (occurring between the early 40s and mid-50s), and pre-retirement, the five-year period prior to your desired retirement age. During the pre-retirement stage, debt is eliminated and a plan – considering the …
In a previous post, I posed the question, “What is Your Pension Worth?” I noted that if you are on track to receive a pension (i.e. defined benefit plan), it is likely that your employer has provided some guidance as to what your projected pension will be, or if you are like me, you have done the …
One of the most common questions for investors, particularly young investors is, “should I pay off debt or invest?” That question is often asked by those that have accrued a lot of debt through student loans. I subscribe to the idea that individuals should do both; service their student loan(s) and begin building their fiscal foundation. I should preface the …
Before the advent of the internet, trading in the stock market was often done with the aid of a broker. The broker would offer sound advice, trade stocks, and later on get huge commissions once the deal was successfully closed. Now, online trading is done via secured financial websites and using financial applications offered by …
Advantages of a Lucrative Online Trading Business Read More »
The following is a guest post – an extended comment on the recent post, Stay the Course – from Gage, a savvy investor and longtime friend. His thoughts, philosophies and insights on retirement planning are always spot on very much welcome. One piece of information that I received from a good friend, whom I flew with in …
