Net Worth by Age: Are You Saving Enough?
February 17, 2021
Saving money and investing are the keys to growing your net worth. However, it can be tricky to know how much you should save—and by what age. And in case it isn’t obvious, we can only give br..
41 Interesting Personal Finance Statistics for 2021
February 11, 2021
There’s an expression that has gained steam in the past couple of years on Twitter: “Personal finance is personal.” It has become something of a cliché at this point, but that doesn..
The Motley Fool Stock Picks and Recommendations (Q4 2020)
February 5, 2021
The Motley Fool recommends two stocks picks each month through its Stock Advisor program. Therefore, we’d like to assess the performance of the Motley Fool stock picks from last quarter. After a..
Modern Portfolio Theory: How it Can Improve Your Portfolio
January 22, 2021
Modern portfolio theory (MPT) is an investing strategy that looks to maximize returns. After all, we like making money, but we dislike losing money even more. Generally speaking, of course. That was c..
Betterment vs. Mutual Funds: A Comparison
January 15, 2021
Sticking to a checking account or a savings account isn’t always the best option. If you want to optimize your finances, there are other things to consider. Indeed, you must find an investment a..
10 Best Robo-Advisors for 2024
January 7, 2021
Robo-advisors manage your investments for you by using a combination of investing algorithms and artificial intelligence. As a result, they give you the option to spend little to no time poring over y..
What is an IRA?
January 2, 2021
If you have ever researched retirement savings, you have likely heard of an individual retirement account (IRA). These accounts are retirement accounts individuals and couples can open at the financia..
What Is a Brokerage Account and How Do I Open One?
January 1, 2021
What Is a Brokerage Account and How Do I Open One? A brokerage account is a type of account many investors use to buy and sell securities. You can think of them as a bank account used exclusively for ..
What Are Mutual Funds?
December 24, 2020
If you don’t know a whole lot about mutual funds, you may have heard of them because of your employer-sponsored retirement plan. But, beyond that, you might wonder what these funds are really all ab..
What Are Expense Ratios?
December 23, 2020
These days, there is no shortage of low-cost investing tools and platforms. That’s great news for investors, but it doesn’t mean there aren’t still costs. In addition to mutual funds, many inves..
How Tax-Loss Harvesting Can Help Maximize Returns
December 21, 2020
Tax-loss harvesting allows investors to minimize capital gains taxes on investments. It can also offset some of your ordinary income. This strategy has gained popularity in recent years, but how much ..
How to Buy Stocks for Beginners (Start Investing the Right Way)
November 27, 2020
Investing in the stock market is a great way to build wealth. However, having the right strategy is just as important as investing itself. While investing may seem like a complicated game only rich pe..
Is Timing the Market a Good Idea?
November 23, 2020
You hear it regularly online: “I have money to invest. Should I wait for the market to drop a bit before I buy?” While this question is understandable – we all want a good deal – my an..
5 Easiest Ways to Start Passively Investing in Stocks
November 20, 2020
Investing is an important part of building wealth. The problem? It can also be a lot of work. That’s why this post is going to focus on passive investing. In particular, we’ll talk about investing..
Why Are 401(k)s Not More Popular Among Americans?
November 19, 2020
While 401(k) plans continue to be the wise choice among Americans, it is strange to find that not everyone advocates the plans. As the contributions to the plans are tax-free, and taken directly from ..
Do Robo-Advisors Beat the Market?
November 16, 2020
Ever since robo-advisors first appeared on the scene in 2008, they have been hugely popular. However, you may be wondering if they are as good as the hype. Perhaps more importantly: do robo-advisors b..
How Socially Responsible Investing Is Reshaping Wealth Creation
November 13, 2020
The economy changes rapidly; so, too, does the way people invest. And in recent years, socially responsible investing (SRI) has seen increasing popularity. There are many reasons for the increase. One..
Roofstock vs Fundrise vs RealtyMogul 2024
November 7, 2020
Disclosure: This is a testimonial in partnership with Fundrise. We earn a commission from partner links on Modest Money. There is no doubt that real estate continues to be a strong investment. That is..
Do I Need a Financial Advisor? Here’s How to Decide
November 6, 2020
Financial decisions can be complicated, and that might make you wonder if you need a financial advisor. In many cases, that may very well be true – but not always. In this post, we’ll cover so..
8 Best Ways to Invest in Real Estate: How to Get Started
October 19, 2020
The more you learn about real estate, the more you realize there are more ways to invest in real estate than just buying a house or two in the neighborhood and turning them into rental properties. Ind..
3 Recession Proof Stocks to Help You Stay Calm
May 8, 2020
I love recession proof stocks. They help me sleep better at night. And when I sleep better at night, I make better investing decisions 🙂 In this article, I’d like to show you how recession proof ..
How to Live Off Dividends (What the Rich Don’t Want You to Know)
April 28, 2020
First thing’s first: is it possible to live off dividends? The short answer is yes. The longer answer is yes, but it depends on three variables. Those three variables will come later down the articl..
Dividend Coverage Ratio Explained: Avoid Painful Dividend Cuts
April 17, 2020
If you’re reading this, it’s because you want 2 things: Reliable income. To make your money grow. One of the best ways to achieve both of those is by following my favorite investing strategy: Divi..
How to Buy Fractional Shares and Boost Your Portfolio
April 4, 2020
Investing is one of the best ways to grow your wealth, everyone should consider investing if possible. One great way to do that is to buy fractional shares. See, some of the best companies have very h..