Handing over control of something can be difficult. We prefer to make the decisions that most affect our lives. This includes investing, where we have more resources than ever before. Online tools give us investment advice and help manage our own portfolios. However, control remains a primary difference between large and small investors. Passive investors depend more on the market and expertise of others to
I Want to Save Half of My Income. Do You?
Do you want to save 50 percent of your income? Of course you do. Well, unless you’d rather use that money to buy stuff then you probably don’t care. Anyway, that’s so not the point. You could do amazing things if you were able to save 50 percent of your income. You know, things like buying a house with cash, retiring early, travelling the world,
Is Contributing to a Retirement Account the Best Way to Save?
I’ve always thought differently than the average Joe. And in one regard has been how to fund retirement. For me, it’s really hard to put my money in a retirement account when I could instead be using that money to buy real estate or start another business. Because you see, real estate and businesses have the ability to bring me FAR more money than what
Link Love 5/30/14
Another week gone. Another month gone. We’re at the middle mark of the year. How are your goals going for you? I actually made some progress on one of my goals this week: I opened a retirement account! Woohoo! But more on that another day. For now I just want to leave you with some of the posts I’ve enjoyed lately: Old is the New
Do You Act Different Around People with Money?
Last year I helped a friend organize the local NRA banquet. It was supposed to be a fun time. Just a place for all the gun lovers to come hang out, and have tons of chances at winning different guns. Plus all the proceeds went to great causes locally. But my friend, who is normally a super great guy, wanted to put on a show.
How Much Should You Spend on Vacation?
Ever since I’ve been a kid Memorial Day has been the sign of summer and more importantly, summer vacation. The thing though, is that as a kid my thought of a summer vacation entailed visiting Sea World or King’s Island. I can remember one trip where we stayed away from home for more than one day. (Which was when my grandma paid for my family
Friday Link Love! – 5/23/14
It’s finally Friday. I bet a lot of you have a nice three day weekend ahead! Enjoy yourself and stay safe! I’ll be babysitting all weekend. My six year old nephew is coming to stay with me, which is actually kind of nice. I don’t hear a peep out of my kids when he stays with us. He keeps the girls pretty entertained! A welcome
What Does Financial Freedom Mean?
Financial freedom. It’s such a broad term. It can mean something completely different for each and every person. Yet the end result is usually the same. To sum it up financial freedom means that money isn’t what’s fueling your life decisions. Let’s dig a little deeper. The General Meaning of Financial Freedom While financial freedom can mean several different things there is a commonality. Financial
Why You Shouldn’t Listen to Dave Ramsey
It pains me to admit it but when I first took an interest in personal finance I hung onto every word that came from Dave Ramsey. I followed his financial plan to the letter. Which, at the time, was a good thing. Even though the only debt I had was a few hundred dollars spread out across a couple of credit cards, I paid those
Links to Love 5/16/14
What’s up? Hopefully the last day of a great week! Everybody Loves Your Money got the chance to be featured on Mint.com this week. If you have a few minutes go check out my post please: 5 Areas in Which You are Likely Spending too Much If that didn’t satisfy you reading needs here are a few of my favorite posts from others this week.