Let’s say you just got your first full time job, maybe just out of high school or college. Your first savings should probably be in a savings account or money market. Pick an amount such as $20/week and start saving. Don’t worry too much about your gains as this should be ready cash for when… Read More »
So the market is up a bunch in the past year, what should you do? Here are my answers: You are retired and drawing upon your savings You should probably already have a balanced portfolio that can weather ups and downs. Not too much in bonds, not too much in stocks, but not so little… Read More »
There are times when you have money and times when you don’t. Sometimes you have actual cash, perhaps in the bank, but shouldn’t spend it. Sometimes you have excess cash that you should do something with. In this article I am going to discuss cash management issues that could pop up that you may want… Read More »
Taylor Swift is currently worth around $360 million and is the owner of 8 homes in the United States. Just how many homes does a person need? Ok, perhaps she is doing an AirB2B with them or something, I don’t know. But if she just owns them to stay in them temporarily, she is incurring… Read More »
There is only two ways to put more money into savings: make more or spend less. You may have trouble doing either. This blog post is designed to give you actual tasks, expenses to look at, and mindset changes that may help you start to build your savings account. Why Do You Want To Save… Read More »
When you are first starting on this journey, the idea of saving 20% or even more sounds just impossible. I actually save much more since I am self-employed, because there are times when I am not working and drawing my savings. So I do try to save more. One way you can save 20% is… Read More »
Have you ever heard the saying “A penny saved is a penny earned” (Cambridge Dictionary)? If you put money into a tax-free investment that made 22.99% and was risk free, it is the same as taking that money and paying extra to your credit card that charges 22.99% APY. Check this out: 22.99% is the… Read More »
I want to seriously warn you that you should have an emergency fund. The last thing you want to have to do is raid your stock portfolio because you lost your job or need an expensive repair. Note though that so many things could be defined as an emergency. So maybe we should define what… Read More »