“Wealth is the ability to fully experience life.” — Henry David Thoreau
1 Timothy 6:10 is often misquoted as “Money is the root of all evil.” In fact, the verse tells us “LOVE of money is the root of all evil.” Money itself, without any other messy stuff mixed into it, is simply an essential ingredient for being able to experience life. The more money you have, the more you are able to experience.
Much like health and weight loss isn't as simple as the old saying “calories in, calories out”, wealth is not as simple as “It's not what you make, it's what you save.” There are proven ways to steadily and consistently grow your wealth. And doing so in a way that sets you and your family up for comfort is far more complex than just putting money in a savings account.
Here you'll find informative guides on investing, growing your wealth steadily, planning for the unknown, building a safety net, and interesting hacks for lowering your taxable income.
If you want something, go get it! Right? Well, not exactly. While chasing your goal relentlessly might seem like the best strategy for success (and is probably what everyone in your life from your parents to your 4th grade teacher to your therapist have advised you to do), it’s actually going to impede your chances …
One of the best ways for self-employed professionals to save money for their individual retirement accounts outside of the traditional 401(k) includes the simplified employee pension IRA (SEP-IRA). However, there are contribution limits that you are required to stay within the limits of, as well as meet specific deadlines. What are SEP-IRAs? A SEP IRA …
If you’re like many Americans this year, you might find yourself in the fortunate position of receiving severance pay and are wondering how you can reduce taxes on it. While the Fair Labor Standards Act does not require employers to pay any severance money to employees when they exit a company, more and more companies are …
This article will discuss what happens to your 401k and other retirement accounts when you die. I’ll also explain some of the basics of estate planning and why it is imperative to regularly review your beneficiaries and your financial planning process. So, what happens to your 401k when you die? The account sits with your …
From the time we are young, we are told that a six-figure salary or six-figure income is all we need to make it in the world and be successful. Six figures are simple to calculate. Anytime you make between $100,000 and $999,999 in a year, you have achieved a 6-figure salary. There are much more …
Bonds vs Mutual Funds, which is better for your portfolio? It doesn’t matter if you are looking at bonds to help offset some of your investment portfolio risks or you’re just learning about the bond market. We will teach you everything you need to know to understand how bonds work. You can use this to …
Where we will compare Robinhood vs. Coinbase and other important factors Whether you have been trading crypto for years, or you’re just getting started, you likely managed to get your start in trading through either Coinbase or Robinhood. We will break down the differences between the two exchanges on the following matters: Who is Coinbase …
You’re in your early 20’s and want to know the best ways to get started investing. You’ve taken a significant step today by doing the research now to help you map out your financial future. You have plenty of time ahead of you to build the life that you deserve. In the following article, I …
11 Reasons A HELOC Could Change Your Financial Trajectory Have you ever heard the old saying, “My house was my best investment!” I’ve never understood it until recently. You see, most folks pay down a mortgage over 30 years. In that time, they pay about as much in interest as the house itself, if not …
So, you’ve heard me talk about broad-based index funds in several posts, and yet you have no idea what I’m talking about, right? Today we are going to clear up the confusion for you. There are many different types of index funds out there. However, when it comes to managing the portfolio, we typically see …