One of the most common objections I hear about investing is where the money is going to come from to invest. With so many people living paycheck to paycheck, it’s not so easy to find 10 percent or more to invest. But it can be done. Here are five places to start.
Related: 6 Ways to Rapidly Increase Your Investment Contributions
In personal finance, one of the most talked about ways to save money is by budgeting. For most, a budget means allocating a set amount of money and staying under that for the week or month. In this post, I am going to write about what might seem like a foreign concept—that budgeting might actually cost you money.
Over the past few years the FIRE movement has started to gain more traction in the mainstream media. No, not a fire that burns and creates smoke, but FIRE as in Financial Independence Retire Early.
Last night my two-year old daughter got into one of those moods that only two-year olds can get into where they insist on doing something. Anyone that’s had a two-year old knows what I’m talking about. What she wanted to do last night was to pour a small cup of milk into her bottle she drinks before bed.
In personal finance, it’s easy to play not to lose. Ending each month breaking even or a little bit ahead can feel like a win because nothing “bad” happened financially. There’s an illusion that as long as we’re paying our bills and staying out of debt, everything is fine.
The word “investing” has a lot of different connotations for people. Some think of investing as only for the wealthy. That’s actually myth number three in my long-form blog post, Top 12 Money Myths You Should Ignore. Others think of investing as sacrificing now for the reward of a far off distant land called retirement. Invest now so you can benefit in 40 years.
There is a lot of bad financial information out there. Whether it’s from a clickbait ad, a neighbor with hot stock tips, a headline grabbing article, or well-meaning family members—bad information is all around us. With bad information comes money myths. These are my top 12 money myths.
Mark Twain wrote “I’ve had a lot of worries in my life, most of which never happened.” I’m not sure why people worry so much, but we do. I say “we” because I’m certainly not innocent of this either. And just like the Mark Twain quote, most of it has never happened.
Leveraging debt is a term thrown around often, especially when it comes to real estate investing. But what exactly does it mean to leverage debt and how can it help build your wealth faster? And why do so many people advocate leveraging debt while others warn us not to?
We all know the obvious things money can buy. Food, shelter, transportation, consumer goods, among other things. But what about the less obvious? These are five not so obvious things money can buy.
A few weeks ago, I walked through a large hardware store and got a case of shiny object syndrome. So many cool things to buy:
“I don’t know, I feel guilty about hiring a housekeeper. It’s expensive. But I work all week and then end up spending an entire weekend
Why do we so often optimize for money over time. We almost always do it, but why? I know I’m guilty of it. Time
Retirement is often talked about as the Holy Grail of personal finance. The end game where you’ve “won” with money and no longer require an