Tired of always thinking about bills and expenses? Tired of always running out of money? It’s time for you to change your financial life for the better and Modest Money is here to give you great financial advice. Check these posts out now.
If you’ve ever read Dave Ramsey’s book The Total Money Makeover, you’ll quickly recognize his argument that cash is king. Cash can definitely provide many benefits for those who hold it. However, there is definitely something that’s even better than cash, and that would be cash flow.
What Can Cash Do?
Ramsey is right that cash is […]
The Importance of Diversification
Investors often have a lot to consider. But few investment decisions matter more than asset allocation. A well diversified portfolio is as important for millennials as it is for retirees. Ideally you want to create a diversified portfolio so you don’t have all your money sitting in one type of asset. […]
If you’re the kind of person who is serious about building future wealth and security, you’re already used to looking for savings in unusual places. One place where money tends to go to waste is in the world of hobbies. I’ve got nothing against hobbies – hobbies keep us sane, they teach us new […]
Figures collected by Nationwide building society show that stags spend more than hens partying (£178 and £136 respectively), with double the amount of men (16%) celebrating abroad compared to women (8%). As might be expected, those aged 18 to 24 spend the most at £215, with the amount spent steadily declining as people reach […]
What financial advice actually makes a difference? What ideas and strategies do we tend to overvalue?
Here’s my take on a few common personal financial beliefs we get wrong:
Overrated: Beating The Market
Underrated: Maximizing Savings Rate
Investors measure themselves against market averages. The Dow Jones and S&P 500 are common benchmarks investors try to beat.
Those who beat […]
Knowing how to properly value a stock is probably the most important skill for a value investor to develop. The goal is to buy companies for less than their intrinsic value over a long period of time. This will almost certainly result in sustainable investment returns in one’s brokerage account. Over the last fifty […]
You may have worked hard to build a business, purchase investment property or have a nest egg for security, but there are many not so rare but scary stories about assets that disappear rapidly. Your business could suffer because of a faulty partnership or a single lawsuit could clean you out. It is important […]
Many jobs offer bonuses at the end of the year for stellar performance. Some even offer bonuses for just about any performance.
It is most people’s natural reaction to immediately start thinking of different ways to spend that bonus check. Vacations, new TVs, or even new cars are all ways many people tend to spend […]
When it comes to finances in your life, your medical finances can be a big portion of the money you need to live. Even if you don’t have any major medical conditions, you are still spending a lot of money on health care on a monthly and yearly basis. If you are simply avoiding […]
Remodeling a kitchen is one of the most cost-efficient home improvements you can make, with one of the highest returns on investment (ROIs) of any improvement effort. There are tons of advantages to going through with one—you’ll have a better-looking kitchen, you’ll have more reliable and functional appliances, and of course, when you go […]