We’ve been doing a lot of traveling this month so we haven’t had the usual amount of time to put together a detailed post. However, it’s important to us that we are consistent in releasing new content, so we thought this week would be the perfect opportunity to share a […]
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Put Your Money To Work With The Power Of Dividends
In a previous article, I mentioned that I view my investment portfolio as my own personal financial firm. Each share of stock I hold is one of my employees within this firm. Once I’ve hired them (i.e. bought a share) they never tire, will never quit, don’t require a salary, and work […]
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Instantly Increase Your Investment Returns With Tax-Loss Harvesting
What if I told you there was a way to instantly increase your investment returns with just a few minutes of work per year? What if I also told you that, not only is this method still useful during periods of market decline, it actually becomes more effective when the […]
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Penalty Free Early Access To Your Retirement Funds
As long-time readers probably know, 401(k)s are, by far, my favorite investment accounts. When it comes to allocating your investment funds, I believe dedicating money to a 401(k) with employer match should take priority over all other options. Most of the people in my life know about my affinity towards 401(k)s (I […]
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The Basics: Compound Growth
In the previous installment of “The Basics” series, we presented a step-by-step guide on how to set up your first investment account. Hopefully, that post will help some of the investment beginners out there conquer their fears and open an account to begin investing. For this new entry, I decided […]
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The Basics: Setting Up An Investment Account
By now, it’s pretty obvious that I believe investing is vitally important to your future financial success. As you’ve also probably gleaned from my writings, the stock market is, by far, my favorite investment option. I’ve broken down the investment account hierarchy, mapped out a surprisingly simple investment strategy, declared […]
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Why Saving Money In The Bank Will Leave You Broke (Part 2)
In Part 1, we discussed the role inflation plays in the deterioration of wealth over time. As we demonstrated, when money is not growing at a faster rate than that of inflation, its purchasing power will be continually diminished. Because bank accounts yield growth rates much lower than inflation, leaving […]
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Pre-Tax Investments (Not Roth) Are The Best Choice For Building Wealth
(Though it’s not required, it may be helpful to read my previous post about progressive taxes, before diving into this post.) The classic pre-tax (e.g. Traditional IRAs and 401(k)s) vs. Roth comparison usually goes something like this… AssumptionsInitial Investment = $10,000Tax Rate = 25%Total Investment Return = 900% (i.e. 10x) […]
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Surprisingly Simple Investment Strategy For Retiring Early
The other day, while browsing through YouTube videos, I came across one that featured Tony Robbins discussing investing. I watched the video and found it had some good, if not groundbreaking, suggestions. There was one portion in particular that really stood out to me, however. Robbins suggested that you should […]
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Why 401(k)s Are The Best Investments, Period
There are plenty of great investment options out there to choose from, but very few can compete with the advantages of a 401(k). When you add in employer matching to the equation, I believe 401(k)s become the best investment, period. Some other types of accounts may provide a bit more […]
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