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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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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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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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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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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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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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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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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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