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
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
5 Ways to Find Money to Invest
Investing is something a lot of people want to do but feel they don’t have the money for. The good news is even if you’re living on a tight budget there are ways you can find money to invest. And once you make your first investment you’ll be hooked. I mean, who doesn’t like watching their money grow? If you’ve never invested before here are
How I’m Diversifying My Income This Year
How much do you think about diversifying your income? Have you ever tried it? According to this article from Budgets are Sexy, a guy by the name of Whiskeytrail is trying to add a new income stream for every month of the year. Now that’s diversity! As I read through the post and comments I could only think about how important it really is to
Why Thinking Long Term is Hard (And Why You Should Do it Anyway)
Save for you future. Invest ten percent of your income. Open up a Roth IRA. It goes in one ear and out the other. I should know. The long term mentality has only kicked in with me over the past couple of years. As some of my close family members near retirement age I cringe. Without any savings to fall back on retirement is going
How Much Should You Save for Your Kid’s College Education?
Monday we talked about some of the basic expenses of having children. One of the costs we didn’t talk about though was paying for your kid’s college education. I don’t believe parents should always be responsible for paying for their kid’s education. It’s a personal decision. I’ve seen children who get a free ride through school (provided via their parents) who change their majors like
The Top 3 Fears of New Investors
Investing my money in the stock market is something I’ve had on my “to-do” list for years but just recently accomplished. I always made excuses as to why I couldn’t invest: I didn’t have enough money. I didn’t want to lose all of my money. I didn’t know how to get started. Truthfully, I found any excuse I could to keep from getting started. Since I’ve
Increasing Financial Stability One Step at a Time
Over the past year and a half I’ve been working on increasing my financial stability. I’m happy with where I’m at but I still feel like I could be doing a little more. I find that sharing my financial goals and progress keeps me more accountable. Here is how I’ve been increasing my financial stability one step at a time. Pick Up Extra Jobs While
Where Would You Invest $5,000?
I hope you all had a fantastic weekend and an amazing Christmas. I pretty much took the whole week off which was amazing but means that I have a lot to catch up on! One of my biggest goals for 2014 is to get started investing in the stock market. I just recently finished up Jason Kelly’s The Neatest Little Guide to Stock Market Investing
Is It Smart to Invest Your Emergency Fund?
Do you hate leaving a large amount of cash in a savings account earning nothing? Would you rather invest a portion of that money? Is that even a good idea? I came across an article the other day from a reputable site suggesting that you should invest a portion of your emergency fund so that it can do double duty – keep you safe and