Parents can guarantee incredible financial gains for their children by beginning the investment process now. While understanding what the best investments for kids are, it’s a broader topic in the sense that there are many important facets to the discussion. Things like when you should begin investing for your kids, what types of accounts are […]
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How much to save for college?
For parents considering the future costs of college for their children, the question of how much to save for college is a common one. While the headlines scream about ever-increasing costs for higher education, for all but those with high incomes, saving for 100% of college for all of their children might be impossible. Moreover, […]
How to increase net worth: 25 tips to start doing today
No matter if your net worth is negative or you’re worth millions of dollars, anyone can begin taking steps today to increase his or her net worth. Whether you’re already motivated, or you’re looking for somebody to give you a nudge, anyone can make progress in this area. That’s why we’ve created this list of […]
Recent Articles
Income statement formula explained
What is the income statement formula? What is the income statement formula? Let’s first take a quick step back. Income statement is one of the three primary financial statements that describe the financial performance of a business or a company. The income statement, the balance sheet and the cash flow statement are the three primary […]
How to void a check
When setting up automatic payments for a utility company, direct deposit or other automated services involving your checking account, you can often be asked to provide a voided check with your paperwork. Knowing how to void a check correctly is important so that you can ensure you provide the appropriate information, but also keep your […]
Investing 101 Book: The top 10 books for learning how to invest
Looking for an investing 101 book? We’ve got several recommendations for you if you’re looking to read up on how to invest. Ten Investing 101 Books to Consider The Bogleheads’ Guide to the Three-Fund Portfolio This is a must-read investing 101 book for investors looking to understand how to build an efficient and simple portfolio […]
How to grocery shop on a budget
Food is one of the largest budget items for just about everyone. When it comes to discretionary purchases, it’s pretty much always the largest. While large families will often complain about spending large amounts on groceries (for good reason), singles or smaller families have to deal with other issues that make budgeting challenging. So, learning […]
Taxable accounts in retirement: Why they’re more important than you think
The backbone of most people’s retirement funding are the tax sheltered accounts such as IRAs and 401(k)s. These accounts are fantastic, and rightly should make up the bulk of your retirement saving. Maximizing contributions to these accounts is a must and should be at the top of your personal finance priority list each year. But […]
Market Brief (Apr. 3, 2019): The Fed vs. the market
We live in unprecedented times. At least it seems so considering how short our memories are. It seems unprecedented how quickly the Fed has turned dovish from hawkish in just a matter of weeks. After hiking rates in December, the Fed has gone increasingly dovish in order to either satisfy the markets, President Trump or […]
Market Brief (Mar. 26, 2019): I’m going defensive
I stated in a recent post that all new money is going to go into bonds, because I don’t like where the stock market is currently. I’m going to flesh this out a bit further and take my position further. I’m officially going full defensive mode. I think a recession is coming, and here’s why. […]
Case study: I’m in accumulation mode and nervous about how high the stock market is, but I don’t really believe in market timing. What should I be doing?
This is a scenario I’ve put a lot of thought in, because frankly, this is my situation. Attempting to time the market is really hard for a number of reasons that I’m not going to get into here (google it, there’s plenty out there on it). But I also don’t go to the other extreme […]
Credit card churning guide: How to maximize bonuses and rewards
Credit card churning is a unique strategy in which individuals attempt to maximize credit card signup bonuses and other credit card related rewards through opening and closing multiple credit cards over time. This guide will explain how to execute a credit card churning strategy, explain the risks and provide some specific examples based on the […]
How much to save for college?
For parents considering the future costs of college for their children, the question of how much to save for college is a common one. While the headlines scream about ever-increasing costs for higher education, for all but those with high incomes, saving for 100% of college for all of their children might be impossible. Moreover, […]
Market Brief (Feb. 19, 2019): Is Walmart catching up to Amazon?
Walmart delivered another great quarter which saw two of the main indicators that move the stock get reported in a positive fashion. Those numbers are US comp sales and ecommerce sales. In simple terms, revenue at US stores is up, and Walmart continues to deliver gains in ecommerce showing that Walmart, at a minimum, isn’t […]
Understanding the tax cost ratio
The tax cost ratio measures how much a fund’s annual return is impacted by taxes that the investors must pay on dividends, distributions and capital gains returned during the year. Like the expense ratio, the tax cost ratio is a variable that investors must consider when choosing which funds to invest in and what types […]
Medishare Reviews: A guide to choosing the right health sharing ministry
Health sharing ministries, commonly referred to as medishare plans, have grown in increasing popularity in recent years as traditional healthcare insurance plans have seen their costs rise dramatically. The Affordable Care Act (ACA, also referred to as ObamaCare) also led to an increase in medishare participation for a number of reasons. Regardless of political affiliation, […]
Market Brief (Jan. 31, 2019): Facebook pops, again proving that investors should ignore most of the press
Back in mid December, I wrote the market brief talking about how tech is on sale, and asked the question if you should be buying at these levels. Specifically, about Facebook, I wrote the following: Now, with that out of the way, it’s definitely a great time to buy these stocks. Recently I filtered through […]
Market Brief (Jan. 24, 2019): Ford (F) as an example of a downtrodden, dividend play
Ford announced its earnings after market close last night, and there wasn’t much to note. The company is in the midst of a massive restructuring after years of pretty mediocre execution in the auto sector. In the summer of 2018, the stock took a big hit. Ford has struggling businesses around the globe, while its […]