When it comes to investing, most people who are successful at it use a simple approach to achieve results. They’re boring. Most investors are awful when it comes to researching the investments they make. And because they fail to research and plan, many investors unnecessarily lose money over time in the name of excitement and…
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Financial independence bloggers have made the idea of “early retirement” all the rage over the last few years. If you earn plenty of money and invest it wisely, early retirement enthusiasts claim that you can quit work earlier than your peers and enjoy decades of freedom before you reach old age. The good news is,…
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Have you ever wondered why you struggle to save for future goals when you make plenty of money? You keep trying to cut subscriptions, restaurant outings, and hobbies…but it’s not enough. There should be plenty of money leftover after your expenses, so what’s going on? We’ll dig into why tracking your spending can have a…
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Today we are breaking down credit scores, credit freezes, and how to keep your personal information secure. By the time you’re done reading this post, you should have a general idea of: How your credit score is determined Why your credit score is wildly important The process for improving your credit score Step-by-step how to…
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Red alert: annuities and annuitization are not the same thing. And confusing them can mean big consequences for your financial picture in retirement. If you want to plan for your future, it’s important to know the difference between an annuity and annuitization. Once you do, you’ll be able to strategically prepare for your retirement with…
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At the risk of throwing salespeople everywhere under the bus, I’m going to share a few stories that might change the way you think about how these professionals are compensated. Recently, I asked my life insurance agent for an increase in my disability insurance policy. (You can learn more about a disability policy here.) And…
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Cosigning a loan may seem like a straightforward way of helping a loved one refinance their student loans. A solid cosigner could result in better loan terms or a lower interest rate for the borrower. But not everyone should cosign on a loan, even for a spouse. Read on for what it means to cosign…
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If you’re thinking of using long-short mutual funds as part of your investment strategy, you may want to think again. Despite what you may have read in an investing magazine, this investment plan isn’t for the faint of heart. Long-short mutual funds are a lot more work than many people realize. And you have a…
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