Boring Money Is Good for You

Boring Money Is Good for You

Table of Contents Why Boring Is So Good For YouBeing Boring With Your Money Builds WealthExciting Investment? Run Far Away!The Bottom Line: Boring Finances Win Every Time In the world of money management, financial advisors are apt to use all sorts of over-the-top jargon. They could use everyday terms to explain what they mean, but…
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Income-Driven Repayment & How to Hack Your Student Loans

Income-Driven Repayment & How to Hack Your Student Loans

Table of Contents What is an Income-Driven Repayment Plan?Max Out Employer-Provided Retirement PlanSmaller Loan Payments, Fewer Taxes, and Saving for RetirementFour Benefits of Maxing Out Your 401(k) With Income-Based RepaymentMax Out a Traditional IRAMax Out a Health Savings AccountGo For the Trifecta to Lower Your Student Loan Payments Student loans got you down? If so,…
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How to Prioritize Financial Freedom

How to Prioritize Financial Freedom

Table of Contents Does Money Equal Freedom?Debt is SlaveryHow to Prioritize Financial FreedomStep #1: Track your spending.Step 2: Learn to live with less.Step 3: Avoid debt like the plague.The Bottom Line to Financial Freedom For some people, the idea that money = freedom is absurd. Some may even be offended by the concept. That’s because many…
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Should You Loan Money to Friends or Family?

Should You Loan Money to Friends or Family?

Table of Contents Family Loan or Personal Gift?Is Loaning Money to Friends or Family a Good Way to Make Money?Formalizing a Friend or Family LoanPersonal Loans to Friends or Family is Not a Good Investment Has a friend or family member asked you to borrow money? Maybe they need cash to start a business, want…
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The Secret to Investing

The Secret to Investing

Table of Contents Is There a Secret For Investing Successfully?Stock Market Investing: Active and PassivePassive Stock Market Investing for the WinActive Investing for Other Asset ClassesSuccessful Active Investing Will Be Truly Hard Work & Require Rare SkillNon-Traded REITsManaging Investments YourselfSuccessful Investing Will Test Your PatienceThe Secret to Investing Ah, secrets. One of the most intriguing words in…
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Which Bonds are Best?

Which Bonds are Best?

Table of Contents Risk and ReturnThe Best Bonds Have the Least Credit RiskReaching for Yield Pushes You from the Best BondsConsider the Worst-Case Scenario to Answer Which Bonds are Best The current global pandemic certainly has spun our lives around. I’m taking COVID-19 very seriously, doing my best with social distancing and preventing any potential…
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Should I Open a 529 College Savings Account for My Grandchild?

Should I Open a 529 College Savings Account for My Grandchild?

Are you thinking about opening a 529 College Savings Account for your grandchild? It may be more advantageous to make a financial gift to your grandchild instead. We’ll dive into why grandparents may want to shy away from opening their own 529 College Savings Accounts for a grandchild – and what method might leave everyone…
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Bid-Ask Spread: Why Free Trades Aren’t Free

Bid-Ask Spread: Why Free Trades Aren’t Free

Table of Contents Common Investing FeesThe Bid-Ask SpreadThe Psychology of Free TradingBid-Ask Spreads Gone WildSometimes You Pay the Bid-Ask Spread TwiceDon’t Fall for Free Trading Wouldn’t it be great if trades were free? A newer investing platform that comes with its own snazzy app aims to do just that. It’s called Robinhood. But does it…
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