You’ve just received a large unexpected financial windfall. What should you do? Buy a new car? Maybe pay off your mortgage? How much should you save? Is it ok to splurge a little? What about investing? Whether it’s from an inheritance, an unlikely lottery win, the sale of a business, […]
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Guest Post: Forget the Traditional Savings Account. Save Your Money Here Instead.
I recently had the opportunity to connect with some of the good people over at Club Thrifty, where the motto is, “Dream Big, Spend Less, Travel More”. They run a great website, full of interesting and informative content, so be sure to check it out! After our discussions, I’m excited […]
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Your House Is Not An “Investment”
Believe it or not, I’m not against purchasing a home. I know I’ve expounded on the fact that, in many cases, renting is better than buying and have shown that paying off a house quickly can potentially reduce your wealth by hundreds of thousands of dollars, but I didn’t write those […]
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Paying Off Your Mortgage Early Could Cost You $100,000…Or More
If you’re a homeowner, at some point, someone has undoubtedly advised you to pay off your mortgage early. They’ve probably suggested early payoff techniques like paying bi-weekly instead of monthly, allocating extra funds directly to the principal, or increasing your payments by some amount each month. Some may have even […]
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Best Strategy To Erase Debt, For Good
Debt. It gives us spending flexibility by providing the resources to purchase big-ticket items we’d otherwise be unable to afford. It allows us to delay payment on purchases and to spread the total amount owed into smaller sums, paid overtime. The process for accessing debt can be as easy as […]
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Investment Hierarchy: Top 7 Investments For Retiring Young
When you make the decision to become an early retiree, one of the first things you’ll realize is that there are many, many different choices when it comes to investment accounts. 401(k), IRA, HSA, 457, 403(b), Roth, Taxable…the list can get pretty extensive. Each of these accounts has its own […]
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