Ways to Save Money, Budget, Invest and Retire.
If you’re over 30 you should’ve started at least thinking about retirement. If you’re really motivated, you should not only be thinking, but also planning for early retirement. As far as I know, everyone wants an early retirement. However, if you’re lucky enough to save for one, should you really take it? Let’s look at some […]
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So you’ve saved some money and are looking for ways to invest it. There are SO many options available. And although its overwhelming to cover them all, here is a summary of the most common ways to invest. Here, we’ll go over the brief pros and cons of each investment, starting with the least risky […]
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Are penny stocks a good investment? I’m sure you’ve seen numerous emails, articles and advertisements promising to get rich by buying penny stocks. Well, let’s look at the attributes of penny stocks and then decide if it is worthy of inclusion into your investment portfolio. Low price. By definition, penny stocks are priced below one […]
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If you look at the published U.S. inflation rate for 2010 it is 1.5% and for 2011 it is about 3% so far. While I believe these numbers are accurate for what the inflation measures, I do not believe they represent the inflation rate that average families experience. I was looking at our bank and credit card […]
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A million dollars isn’t as much as it used to be, but it is a number that most people get excited about when it comes to saving and investing. The easiest way to save a million dollars is to save as much money as you can every month. The second best way is to invest […]
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Credit cards are an important part of learning money discipline. They also offer convenience and help you build your credit score, which in the long run can save you thousands of dollars in lower interest rates. I’ve used credit cards three different ways throughout my life: When I was in college I used them to buy […]
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No matter how young you are it’s never too early to start planning for retirement. For most of us, 50 years of age would be an ideal retirement age. You’re still young enough to enjoy life and hopefully have a lot of time to do it. So, how much money do you actually need to retire at […]
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Landscaping costs can be downright outrageous! We got a quote for a 40 foot retaining wall and it was over $9,000, and that didn’t include getting permits. For our house, we hit the 10 year old mark and the landscaping started to look kind of dated. Here are some tricks we learned to help us […]
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Alright, let’s be honest. Have you ever borrowed money to invest? All the investing rules say not to, but hey, isn’t that what buying investment property is effectively doing? Although we’ve been told that it’s okay to borrow for real estate because prices only go up and are more stable, I’m not so sure that […]
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In our opinion, there are three basic financial concepts that are the most important financial concepts to apply to your investing and saving methodology. Understanding these concepts and applying them to your savings and investments can greatly increase your long-term investment returns. Understanding them will also help you understand why it is important to maximize […]
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