What does it mean to be wealthy to you? For many Americans, it can mean being able to leading a life that is stress free, while having “peace of mind”. Sounds pretty good, right? On the surface, that doesn’t sound too much like money is the focus. However, it could also be said that that same money, or perhaps, a lack of it, can lead to a certain stress factor. According … [Read more...]
Why You Should Understand the Importance of Compound Interest
Do you often wonder how some people seem to gain wealth with little effort? If so, you are not alone. Saving money is an important part of life but understanding compound interest is even more vital to your financial well-being. Today, we are going to learn what compound interest is and how it can help you grow your overall wealth. What Is Compound Interest When most … [Read more...]
4 Smart Money Moves for Getting Ahead Financially in Your 20s
So you have enjoyed your youth, graduated with a degree or earned a professional designation, and landed your first real job. Now it is time to grow up, knuckle down and make something of your life. It is a sad fact that many people do not start saving for their retirement until they are in their early 40s, and many people are barely able to stay ahead of their bills well into … [Read more...]
Overrated vs. Underrated: Personal Finance Beliefs We Get Wrong
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 … [Read more...]
Three Finance Tips for the Large Purchases in Your Life
There are always times when you need to spend a lump sum of money on a major purchase. Sometimes it’s a want and sometimes it’s a need. Maybe you want a new car because the one you have is getting old and rusty, or maybe you need a new car because yours is broken down and will cost more to fix than it is worth. Either way, you need a good amount of money to get a new car (or … [Read more...]
