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Merry Christmas! This year, Allison and I were truly blessed to welcome our daughter Mary into our life. She is truly the greatest gift. Today, we welcome our creator and savior Jesus Christ and know that for all things it is He who comes first. Thank you to all of you for continuing to help this site continue to grow!
The largest and most overwhelming purchase most people will ever make is in a new home. When it comes to making this decision there is a vast amount of information available. To get an overview of the state of housing The following resources will help you better understand the facts and figures surrounding homeownership.
There are various arguments for why you should or why you should never purchase a home. One of the best articles containing up-to-date facts and figures is from the website Accidental Fire titled, Have We Reached Peak Home Bloat? This article gives you statistics on how the average home size has ballooned in recent years while the average household occupants have declined and how his phenomenon has negatively impacted our financial lives and families. There are many other statistics in the article that will surely catch your attention.
Before you purchase your first home be sure to take a look at the housing trends in your area as well as the State of the Nation’s Housing. At the same time, you might find it helpful to read 2 Years of Home Ownership – The Good, The Bad and The Ugly which will give you some insight into one perspective from relatively new homeowners.
For current or future real estate agents – a paragraph in an article from My Journey To Millions caught our attention.
“Our first inclination was to put it on Zillow’s “Make me Move.” We didn’t get the traction or responses we thought. Side note: I don’t think the market is there yet, but realtors hear me now, this service and others like it are your future. Being a real estate agent in 2028 years is going to be the equivalent of a taxi driver in 2018”
One of the reasons real estate agents still have a grasp on real estate is because of how much realtors are embedded in local communities. The trend towards more efficient, cheaper, technology-driven solutions within the real estate space will only continue to grow.
After familiarizing yourself with the different types of mortgages you can then move onto looking into any number of different places to get a mortgage. Shopping around for the best mortgage can be a challenge but here are 5 Money-Saving Tips Your Mortgage Broker Doesn’t Want You To Know.
After becoming aware of these 5 tips it's time to get the best mortgage rate and experience you are able to get! In order to do that, be sure to read and take notes on “How To Fail At Getting The Lowest Mortgage Interest Rate Possible”
The piece that is often missing and barely ever mentioned is the significant benefit you can get from taking out a non-traditional 30-year mortgage and instead of going for a 15-year. Chief Mom Officer goes into the specific details about why she loves her 15-year mortgage and why you should strongly consider a 15-year over a 30-year mortgage when shopping for a mortgage. Better yet – here is why you should aim to pay off your mortgage in as little as 10 years!
Technology will continue to impact high margin, arduous industries. It is hard to think of a more laborious industry than real estate. Zillow is a household name that has started to bring to light real estate data once confined to multiple listing services controlled by local boards of realtors but there are now many others entering the real estate industry taking on and improving various aspects of a real estate transaction and the housing industry as a whole. As we begin to enter the next decade TechCrunch takes a look at the last decade and takes a peek into what is in store for the next decade in real estate.
Polina Marinova does an excellent weekly newsletter on Substack. You can easily subscribe here. This week's was especially good so I wanted to share.
Good morning, friends!
One of life’s great ironies is that simplicity has become pretty complicated. Technology was supposed to make our lives easier — and it has, in many ways — except it hasn’t made them simpler.
There’s always a notification here, an email that needs responding there. Things compete for your attention at all hours in the night. In turn, this “easy” world has made us reactive, defensive, worried, and distracted.
I always notice those qualities in myself when I visit my grandmother in Bulgaria. She recently bought a villa near the Rila mountains where it’s not uncommon to see sheep, chickens, and cows just casually wandering around. In stark contrast to my life in Manhattan, the only noise you hear at 6 a.m. is the neighbor’s annoying rooster, not the cab driver screaming obscenities in the street. There’s a reason Bill Gates takes a “Think Week” once a year in a secluded cabin in the woods.
It’s an understatement to say that we live in a world of over-indulgence. I’ve written about minimalism before, and noted that the worst form of excess is to achieve everything you’ve ever dreamed of and realize that somehow you’re still not happy and that something is still missing. And that, my friends, sucks.
There’s this famous passage from Matt Haig’s memoir Reasons to Stay Alive:
The world is increasingly designed to depress us. Happiness isn’t very good for the economy. If we were happy with what we had, why would we need more?
How do you sell an anti-aging moisturizer? You make someone worry about aging. How do you get people to vote for a political party? You make them worry about immigration. How do you get them to buy insurance? By making them worry about everything. How do you get them to have plastic surgery? By highlighting their physical flaws. How do you get them to watch a TV show? By making them worry about missing out. How do you get them to buy a new smartphone? By making them feel like they are being left behind.
To be calm becomes a kind of revolutionary act. To be happy with your own non-upgraded existence. To be comfortable with our messy, human selves, would not be good for business.
So this leads me to my grandmother’s neighbor Ivan. He couldn’t care less about anti-aging moisturizer, plastic surgery, or smartphones. He may lead a simple life according to our standards, but it’s not in any way less busy or fulfilling.
He has animals, he does a ton of physical work every day, and he seems genuinely happy. His biggest worry the last time I saw him was how horrible airplanes are for the environment and how he sees them in the sky every day now.
It’s just a really great reminder that there’s no one one “right” way to live a fulfilled life, and I hope the variety of profiles each week prove that point.
A self-directed IRA provides various alternative investment options that are generally prohibited under traditional IRAs or 401(k). Self-directed IRAs are administered by trustees or custodians but are directly managed by the account holders.
A Self-directed IRA is more flexible as compared to regular IRAs because it allows investors to distribute capital in a much broader array of assets. Although the popularity of self-directed individual retirement accounts is gradually increasing, many investors are still not fully aware of the rules and regulations. And as a result, beneficiaries end up getting poor outcome or become disqualified.
Here are the least known but some of the most important facts to help you make a sound judgment and maximize benefits from a self-directed IRA investment.
Proper documentation is required for investing in a self-directed IRA. Types of documents largely vary depending upon the asset being purchased. Generally, the required documents are the same as when purchasing an asset in your non-retirement account.
A self-directed IRA has a complicated fee structure. Typically, a one-time establishment fee, first-year annual fee, and renewal fees are charged. Apart from this, you also have to pay for the investment bills.
The NASAA has specified that only an IRS-approved company is authorized to act as the custodian. Non-depository banks, depository banks, or trust companies can qualify for this. You can also open a self-directed IRA at most major brokerages such as Fidelity and Schwab.
Remember, custodians do not guide investors because it is not their fiduciary duty. Neither do they recommend investment options nor perform due diligence reviews. They serve as an intermediary between investors and the issuer of an investment and do not investigate or verify the accuracy of the information. It is the sole responsibility of the investors to fact-check and decide.
A self-directed IRA gives you more investment choices than typical IRAs. Apart from mutual funds, stocks or bonds, some other self-directed IRA investment options are:
The IRS has provided a complete guideline on the prohibited transactions and disqualified people. A spouse, employer, fiduciary, and account-holders who own more than 50% in an entity are disqualified. If the account holder is a director or an officer or owns at 10% of an entity, then that is also prohibited.
To avoid being disqualified and attracting a penalty, abstain from investing in the following sectors:
By exercising due diligence, consulting qualified financial advisors and attorneys, and doing the groundwork, you can not only protect self-directed IRA investment but also maximize benefits.
If you are planning for your retirement we have a number of other resources you can find on the FinTech Freedom website.
Author Bio: Rick Pendykoski is the owner of Self Directed Retirement Plans LLC, a retirement planning firm based in Goodyear, AZ. He has over three decades of experience working with investments and retirement planning, and over the last 10 years has turned his focus to self-directed accounts and alternative investments. Rick regularly posts helpful tips and articles on his blog at SD Retirement as well as Business.com, SAP, MoneyForLunch, BiggerPockets, SocialMediaToday, and NuWireInvestor.
Learning How To Learn – Why It Has Never Been More Important!
The book “The World Is Flat” was first published back in 2005. In it, the author Tom Friedman mentioned a story about why it is so important to be able to “learn how to learn” This sentiment was important then and I would argue it is even more important today! Today, more than ever traditional heavily localized relationship-centric industries – especially high margin industries – are being commoditized and transitioned by technology. Some of this has to do with a generational shift with younger people trusting the technology in their hands more than the individual on the other end of the phone or local office. Now more than ever software as a service (SAAS) as well as other technologies such as AI-driven by the growth of data science is making what traditionally was labor-intensive or manual processes into both autonomous and fully transparent transactions.
Consider industries such as:
Banking – local and regional brick and mortar banks becoming replaced by online banks like Aspiration, Chime, Radius, Revolut, Simple, Varo, & Venmo
Insurance – local insurance brokers being replaced by sites like Policy Genius and Lemonade
Investing – local investment advisors becoming replaced by sites like Betterment, Personal Capital and Wealthfront
Real estate – local real estate brokers and agents becoming replaced by sites like Zillow and Redfin (And, here you will find the steps to get the best mortgage rate possible)
Now isn’t the time to be complacent. Instead, now more than ever, now is the time to recognize the changes occurring around you and react before you end up feeling left behind.
Have you ever wondered why you should avoid Whole Life insurance? These following two examples will show you why you should avoid purchasing a Whole Life policy.
Just the other day I was looking at a whole life policy statement that began on June 2nd, 1980. The policy had a base plan death benefit of $15,000 and an annual premium due to the company of $304.60. As of the June 2nd, 2017 statement the cash value was $21,685.25 and a total death benefit of $30,256. Therefore, at the end of 38 years, the owner of the policy contributed $11,574.80 to this policy.
For fun, let's compare this investment above against the S&P 500 using the same values – the current value would have been $100,336.08 today. How did I reach this result? I used this very nifty calculator from Don’t Quit Your Day Job. Two other resources that I have used for similar purposes and are great for comparing historical performance can be found over at NYU and at ExtremeFomo. Yes, there is no guarantee with stocks like there is with a whole life insurance policy but based on historical data the risk vs reward by investing in the S&P 500 certainly outweighs the risk of putting your money into a whole life insurance policy.
Here is a second example using this same life insurance company from the example above. This particular policy began on February 2nd, 1990. The policy had a base plan death benefit of $32,725 and an annual premium due to the company of $800. Therefore, at the end of 28 years, the owner of the policy contributed $22,400 to this policy. If we were to compare this investment against the S&P 500 using the same values above – the current value would have been $91,736 today.
I wanted to show both of these examples to represent another important point. In the first example, only $25 was contributed on a monthly basis beginning in 1980 whereas in the second example $67 was contributed on a monthly basis beginning in 1990. The first example produced a result of $100,336 while the second only produced $91,736. Why? The longer the money is invested it's compounded time-value increases. The bottom line is that the sooner you are able to invest the better off you will be.
Too often whole life insurance is sold as an investment instead of as insurance. As a result, the expense of owning a whole life insurance is much more expensive (usually 10x) than term life insurance. Here is a great explanation on this from Dave Ramsey…
The blog Mama Fish Saves has an excellent breakdown showing the cost of whole vs. term life insurance.
You can get term life insurance much cheaper than you can whole because it has a set period of time that it is valid and it does not have any cash value. On average, you can get 10-12 times more coverage in term life insurance for the same cost of a whole life insurance policy.
After publishing this original post – Reviews.com as well as Credit Donkey reached out to me asking if I would include their recently published content on term life insurance. The material is great. This is Reviews.com guide to life insurance and here is Credit Donkey's article which breaks down if term life insurance is worth it. Each of these resources provide further detail into the topic.
Here are some of the best personal finance and fintech posts from July 2019.
Naval Ravikant – How To Get Rich
More insight here than you would expect from the simple yet achievable title! One you will likely want to listen to more than just once and might even suggest setting your calendar to listen to once per year!
10 Hard-To-Swallow Student Loan Debt Statistics – Millennial Money Man
No secret that college debt is out of control! We argue that a large reason college costs have become so out of control is because the federal government guarantees these loans and a higher interest rate and students are not allowed to offload this debt in bankruptcy. Therefore, if you are the colleges you are getting a guaranteed high rate of return with zero risk with every incentive to increase tuition so long as demand remains high. Therefore, the government should get out of this business. Until then – these statistics will, unfortunately, continue to climb.
Paradigm Shifts – Ray Dalio
Ray Dalio does a wonderful job explaining where he believes we currently sit in the economic cycle. (By the way, Ray also has a great video on how the economic machine works.) In short, he believes we are at the end of the current growth cycle and includes compelling data and arguments. His ultimate recommendation is to buy gold. Which, I can’t say I completely agree with. However, his analysis of where we currently sit is quite compelling.
Here is a highlight “Extended periods of cheap money resulting in debt levels never seen before, stock buybacks, M&A, private equity, and venture capital is partly the result of cheap money in a cash-flush system. That’s raised equity prices, hampered future returns, and made cash “nearly worthless.” Since the financial crisis, central banks have kept interest rates low to stoke risk-taking. That’s driven up corporate, government and personal debt.
Meanwhile, there is a “wave of liabilities,” including Medicare and Social Security payouts, about to smack the U.S.”
Another similar warning post comes from Fundrise with a similar analysis.
Opposite of Conventional Wisdom – The Irrelevant Investor
Great article backed by data on some unconventional investing wisdom.
Another Housing Update – I Am Now a Landlord! – My Journey To Millions
One of the more honest and likely most relevant takeaways from the post was…“Our first inclination was to put it on Zillow’s “Make me Move.” We didn’t get the traction or responses we thought. Side note: I don’t think the market is there yet, but realtors hear me now, this service and others like it are your future. Being a real estate agent in 2028 years is going to be the equivalent of a taxi driver in 2018” I agree, if you are in the field now is the time to think about how you might want to make a transition.
This Is What Death Cleaning Taught Me About Life – Becoming Minimalist
A topic that nearly nobody wants to talk about or face yet we all need to! In order to prepare be sure to check out the ultimate guide to estate planning in the digital age.
Safe Internet Browsing – Credit Donkey
Some great tips on how best to protect yourself online.
Cyber Security Statistics – Credit Donkey
A number of mind-blowing statistics on cybersecurity.
5 Bible Verses About Contentment – Debt Free Doctor
A wonderful article highlighting why it is so important to be content citing 5 Bible verses.
How to Financially Survive the First Year: Tips for Budgeting for a New Baby – Mint
With our first baby due to be born in the next few weeks, I was relieved to see that we have already completed all of the recommendations. A great list for anyone in similar shoes expecting their first baby!
To see previous months top picks click here.
The following article is a guest post from Brittany Fisher over at Financially Well.
As retirement age draws near, it is normal to start worrying about money. Will you be able to live on your retirement income? Have you saved enough? What sacrifices will you have to make?
It’s a smart idea to think about these things — ignoring them is the most sure-fire way of ensuring you run out of money. But managing your money in retirement doesn’t have to be a stressful experience. By focusing on these four key areas, you can construct an effective and reliable financial plan for your retirement.
First of all, you need to take a realistic look at your savings. The target number that’s most often thrown around is $1 million, but according to experts at the AARP, the actual figure will depend on various factors. Your lifestyle, where you live, and your health will all influence your expenses, and interest rates will affect how much money your savings generate.
The key is to just keep saving. No matter how little you have now, the more you save, the more compound interest will help you out. If you are still a long way off from a comfortable nest egg, you may want to consider downsizing to a smaller home. This is especially relevant if you intend to age in place, as it may be time to consider moving to a more senior-friendly place.
All seniors should have a budget during retirement in order to stay on top of their expenses. There is no one correct way to budget — instead, there are various budgeting methods, each with their own pros and cons. The 50/20/30 system is very popular, in which you allocate 50% of your income to your needs (housing, food, bills, etc.), 20% to your savings, and 30% to your wants.
Then, of course, there’s budgeting for things like travel. Many people spend years looking forward to traveling during their retirement. Just because you’re on a budget doesn’t mean you can’t do this. You will just need to budget for your travel plans (The Motley Fool has an excellent guide to help you). Identify how much money you can afford to set aside for travel, spend time correctly pricing your ideal trips, and prioritize the ones that require more energy.
As you grow older, chances are health insurance is going to play a more important part in your money management. That’s why it’s important to pay careful attention to your coverage. Medicare may be an incredible resource, but there are big gaps in its provision that can cost you more in the long run. That’s why you should also consider looking at Medicare Advantage plans, which are run by private insurers and offer additional coverage. For instance, plans offered by Aetna cover things like vision care, dental care, and prescriptions, which Original Medicare does not.
Remember that most health insurance does not cover long-term care, so you will either have to purchase separate long-term care insurance or plan additional savings for these expenses. You can find out the average costs of long-term care in your region using this tool.
Retirement doesn’t necessarily have to mean a fixed income. If you are still able and willing to work, the internet is a great resource to find gig-based jobs that allow you to make money without committing to a full-time role. These range from freelance writing to pet sitting, caretaking, or driving.
If you are done working for good, don’t worry. There are many ways to generate passive income or money that you don’t actively work for. This can range from various forms of investing to renting out extra space in your house. What you do with this extra money is up to you. It could go straight to your savings, it could be used to cover your health costs, or it could become your fun and travel fund.
Of course, these factors are all strongly interlinked. Managing your money during retirement is a matter of finding the perfect balance between maintaining a healthy savings account, sticking to a defined budget, planning for health costs, and bringing in extra income where possible. This may seem stressful, but it is actually the best way to minimize money stress. The more you focus on managing your money effectively, the less you will have to worry about money problems.
For additional retirement tips visit our retirement resource page.
This article discusses passive income investing options. FinTech Freedom is not responsible for investing loses or risks. Please see our disclosure statement.
Just the term “Passive Income” brings with it feelings of joy and excitement! Passive income generally involves either an investment in time or money. This post will highlight ways to generate passive income using money not time. Passive income where time is involved generally includes a side hustle often classified within the various opportunities found within the gig economy.
One of my favorite stories on investing money comes from Tim Ferris. Tim tells the story of how he created his own real-world MBA. In short, instead of going to Stanford business school to get his MBA he took what he would have spent on the MBA ($120,000) and invested it as an angel investor in $10-$50,000 increments.
Two important things to keep in mind. The first is to make sure that you only invest and put money into what you understand. Secondly, it often helps to invest in what interests you.
Among the various passive income ideas, these are the most popular and appear most frequently.
Build a Monthly Passive Dividend Paycheck with Dividend Stocks – WalletHacks
Owning equities such as stocks and bonds is one of the easiest and most efficient ways to generate passive income. This strategy requires the discipline to save and invest. We recommend using an index fund in the form of either a mutual fund or exchange-traded fund (ETF). Using an index fund allows you to get diversification at a very low cost as well as the simplicity of a couple of funds instead of a number of stocks. An S&P 500 index fund, as well as a broad-based bond fund composed of government, corporate and municipal bonds in addition to an Index real estate investment trust (REIT), represent three great areas to start which brings broad diversification.
How I Earn Over 10% Passive Income With P2P Lending – Financial Samurai
Prior to the exponential growth of the internet, it was impossible for anyone looking for a loan to receive a loan unless they had access to or a relationship with a bank. Thankfully, this is no longer the case! Today, online peer to peer lending allows almost anyone access to a loan. Not only does this allow for greater access but it is also cheaper for borrowers given the greater level of competition with banks as well as other online outlets. On the flip side – online borrowing with peer to peer loans gives investors the opportunity to passively earn a return on their investment. Borrowers involved in peer to peer lending can experience a lower interest rate than they would from a bank while investors experience a greater return on their money than if that money were to sit in a bank account. The result? A win-win with higher earning potential for lenders and lower borrowing costs for borrowers.
An important note, with the current record level of consumer debt you may want to tread lightly here. Or – at the very least – make sure that your investments are well diversified from risky to less risky. Two of the largest peer to peer lending platforms are Lending Club and Prosper. Nerdwallet has a great comparison chart outlining the pros and cons of both platforms.
As an example to show the opportunity for both borrower and lender, say the borrower wants to borrow $5,000 to remodel their kitchen. Peer to peer lending allows the borrower to get a loan for 6% vs. 8% from the bank. The lender gets a return of 4% vs. 2% for keeping their money in a bank. Before peer to peer lending the bank would be able to keep a profit of 6% (8% minus 2%) Peer to peer lending enables the borrower to save 2% and the lender gets a 2% larger return on their money. Consequently, both borrower and lender come out in a better position with peer to peer lending than if they would have used a traditional middleman (bank)!
Small business investing and lending can be lucrative and act as another creative way to diversify your investments. It also carries risk just as any other investment does. In most cases, you are lending to help fulfill inventory requirements against a purchase order. Platforms in this space include Funding Circle, KickFurther, Street Shares, and Kabbage.
Real Estate Crowdfunding – Financial Samurai
Real estate crowdfunding is a relatively new entry to the passive income market! Real estate crowdfunding investors can invest small amounts of money in real estate property anywhere without the hassle of having to deal with the headaches that come along with being a landlord. There are now dozens of online platforms that allow you to become a direct investor in specific real estate projects. Two of the most comprehensive crowdfunding comparison resources I have found online is over at investorjunkie.com and FitSmallBusiness.
Another way to gain exposure to real estate and earn passive income is with a REIT.
13 Ways to Make Extra Cash Renting Out Your Stuff – Part-Time Money
20 Things You Can Rent Out For Extra Money – Vital Dollar
Today, you can rent out almost anything that you own. Large ticket items such as real estate and vehicles can be rented out on places such as Airbnb and Turo. Beyond large ticket items, it is now possible to rent out almost anything you may have just lying around!
When Ms. Cafe Career Coach and I begin to build our dream home we can’t wait to slap on the amazing Tesla Solar Roof! Until then, one way to earn money from solar is to invest in it! With Wunder Capital, you can do just that!
An additional possible passive income source that is worth checking out is to try and find missing money using either Unclaimed.org and MissingMoney.com.
One popular way to make money somewhat passively is online. We wanted to include a couple of articles on how best to make money online even though these ideas primarily fall into the category of a time commitment side hustle. Over time it is possible for the time commitment required to evolve into a significant passive income which is why we decided to include the following articles to get you started.
How To Make Money Online: 34 Ways You Can Start Earning Today
17 Ways To Earn Extra Money Online This Month
How to Make Money Online: 21 Ways to Make Money From Your Laptop
Other great articles on passive income can be found over at: MoneyPeach, Club Thrifty, Vital Dollar, Well Kept Wallet, Millennial Money, Making Momentum and a personal favorite from Financial Samurai.
With companies like Wrapify, Carvertise, and Free Car Media you can have a company pay you to place an ad on your car.
Never before has it been this easy to achieve passive income to invest and earn money online. Thanks to new fintech companies that are springing up there are many to choose from!
Happy 4th of July! Here are some of the best personal finance and fintech posts from June 2019.
Bishop Barron: Catholicism and the Modern Age – Jordan Peterson Podcast
While not a personal finance or fintech related post I highly recommend this podcast discussion between Jordan Peterson and Bishop Robert Barron. While your personal finances and overall financial well being are important I think it is important to remain focused on what is truly most important in life. As a Catholic, I have enjoyed listening and reading the work of Bishop Barron. This podcast brings together the very best of Catholicism, philosophy, and psychology from two beautiful minds. This is one you will want to listen to at least twice!
Naval Ravikant – Joe Rogan Podcast
Another classic podcast with Naval Ravikant who is another great thinker of our time. This podcast covers a lot of ground on various topics and will undoubtedly be one you will want to listen to over and over again!
I've Paid $18,000 To A $24,000 Student Loan, & I Still Owe $24,000 – Bustle
The student loan problem we now have in this country might not feel like a crisis but it is for 44.2 million Americans! What makes the student loan crisis not as prevalent as the 2008 financial crisis has more to do with the fact that college-educated students have a lifetime to pay back their student loans and as long as the federal government continues to back these loans the cost of education will only continue to rise while the threat of frozen financial markets like we witnessed in 2008 remains mute. I predict that we will only see the cost of college go down when the federal government stops guaranteeing these loans. Until then, the banks, financial institutions, and universities will only continue to profit from them. It’s hard to stop lending (gambling) when the risk of actually losing (gambling) stands at 0 percent. When politicians say they will wipe clean student loans the cost for these borrowers only rise because when they stop paying thinking they will get relief the interest and principal balance will simply continue to grow. Plus, how are the millions of borrowers who paid back their loans in full going to feel? This is a difficult situation only getting worse but with a few simple obvious adjustments could improve.
How to Buy Life Insurance – Credit Donkey
A comprehensive resource for purchasing life insurance! If you don’t currently have life insurance and someone else is dependent on your income be sure to make purchasing a term life insurance policy a priority.
VTI vs. VTSAX: What’s The Difference – Four Pillar Freedom
If it isn’t already obvious why investing in Index Funds and ETFs are a better strategy than trying to pick individual stocks or an investment advisor let this be the article which saves you the time, energy and stress of having to deal with an advisor who might be claiming they know best and can beat the average. This article will show you why being average in investing is precisely what you want to achieve! Here is one on VTI vs VOO. You will quickly see that the same principle applies!
Why I Love The Roth IRA – The Free Financial Advisor
If you don’t already have a Roth IRA open let this article be your reason you open one in the next 5 minutes! Our Roth IRAs we max on or as close to January 1st each and every year! Hopefully, after reading this article you will do the same!
Zillow’s 2018 Consumer Housing Trends Report – Zillow
Check out this comprehensive consumer housing report from Zillow which has nearly any and every consumer housing statistic you could ever want or think of!
Interest Rate Chasing in Your Savings Account – A Wealth Of Common Sense
“There is over $8 TRILLION sitting in savings accounts at banks that are earning an average yield of 0.10%, which is ludicrous. These people should move their money to an online savings account pronto.” As interest rates rise make sure your cash is working for you every minute of every day even when you sleep!
Financial Advice For My New Daughter – Collaborative Fund
We are expecting our first daughter in August! As a first-time father, I admit that I am a bit nervous but also excited! Excited for the many obvious reasons nervous for many more! This article is exactly the one I plan to share with her 10 years from today!
12 Major Decisions and How We Feel About Them Now – Budgets Are Sexy
Great post from J. Money on some past decisions he has made. This one might seem personal and on the surface not interesting for a larger audience but you will see that almost anyone can get some valuable insight and value from it! Including, why the first $100,000 is always the most difficult and why and how it gets so much easier after you reach this important milestone!
For a look at other amazing content from the personal finance, community take a look at Rockstar Finance.
To see previous months top picks click here.