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What do rich people do different with their money?
Overall, wealthy people approach their money different than most. They understand the role that it plays and the smart ones tend to view it as a tool, not the end goal.
October 15, 2022
How to Save Money on Taxes with an HSA (Health Savings Account)
Health Savings Accounts are like an investment account that lets you spend profits on medical expenses, completely tax-free. It sounds odd, and it kind of is. What makes it really unique though is that it offers a triple tax advantage and no other financial accounts offer the same benefits.
July 13, 2022
Everything You Need to Know Before Working with a Financial Advisor
Working with a financial advisor is a big personal decision and it's important to have all of the information available so you can make the best decision for yourself.
June 29, 2022
Control the Controllables
While we can’t control what the stock market does, we can control a large portion of our financial life by building a solid foundation and being as efficient as possible in these areas.
How To Avoid The Temptation of Lifestyle Creep
There’s a fine line between irresponsible spending and consciously improving your quality of life. Lifestyle creep becomes a problem when you find yourself living paycheck to paycheck, even after receiving multiple increases in income. If you’re hitting your savings goals and find yourself saving consistently, it’s okay to spend money on yourself. This is why it’s important to have an overall understanding of your financial situation so you can make the best decisions for yourself today, as well as tomorrow.
9 Personal Finance Lessons Every New College Graduate Should Know
Graduating college is a big life milestone that deserves a celebration. But the next phase of life comes quick and it's important to build good financial habits early to set yourself up for a successful future. By keeping these lessons in mind and applying them when possible, you'll be ahead of the game and well on your way to living a happy, fulfilling life.
How to Manage Money (and Your Creative Business) During a Recession
Depending on who you ask, we're either approaching a recession or we may already be in one. Either way, it's a good time to revisit some financial foundations and talk about how to weather an economic storm. We haven't seen a real recession since the creator economy took off, minus the minor blip in March 2020, so it's going to be interesting to see how a tighter economy effects us as a whole.
June 6, 2022
Contrary to popular belief, retirement is more of a dollar amount than it is an age-based milestone. I believe that retirement can be viewed as a period of time in your life where your use of capital - time, money, and energy - is best aligned with your desires.
March 30, 2022
How This Creator Made Six-Figures and Lost it All
He'd become used to spending money without thinking twice about the impact so when he started losing income from not posting on YouTube, his personal finances took a major hit. Since this could happen to anyone, these are a few strategies you can use to remove the stress around money and avoid getting in a tough spot financially.
March 30, 2022
The Odds of Making Money in The Stock Market
When you take a long-term approach to the stock market, the odds of making money evolve a little bit. If you only had money invested in the market for 1 month, you would have a 38% chance of losing money. If you keep money in the market for 15 years (based on historical returns), your odds of losing money drop to 0.2% and your chances of making money increase to 99.8%. I don't know about you, but I'm comfortable with those odds.
March 13, 2022
A Review of RocketMoney - Formerly Truebill (Spending, Saving, and Automation App)
Financial IQ #42
March 7, 2022
4 Things To Do When The Stock Market Crashes
You’ll probably see many headlines throughout the year about a market crash and the media’s job is to drive clicks, which is usually driven by triggering emotions, like fear. So instead of creating fear, today’s newsletter is walking through 4 simple things to do when the stock market is losing value:
8 Things to Do Before You Invest in Cryptocurrency
One of the easiest ways to determine if you should be investing in cryptocurrency is knowing whether or not the money you contribute would have an impact on your financial situation if it went to $0. Meaning if you only have a little bit of money saved for retirement and don't have an emergency fund, you probably shouldn't be investing in crypto because there are more impactful things to be doing with your money.
How Much Money Should I Have in My Emergency Fund?
General advice recommends that you have 3-6 months of living expenses saved. However after what we've experienced in the past year, I'm starting to lean more towards 6-12 months.
Should I Pay Off Debt or Invest?
If you only have a little bit of low-interest debt, prioritizing investing generally makes sense because you may be able to earn higher returns in the stock market than the low interest rates on the debt.