Because investing is so vital and so confusing, most people decide to hire an investment advisor instead of doing the work themselves. Investment advisors serve a vital role, but depending on the way they are compensated, they can also seriously harm the long term performance of a portfolio. Today, I will take a deep look into what financial advisors do, how they are compensated, and a selection of other tools and resources that can help with financial planning and investments.
Getting married is one of the biggest one-off expenses people will ever have. With the cost of weddings skyrocketing, it can theoretically be a budget ruining event… even if it’s the best day of your life. That’s why it’s important to think about how you can keep your wedding to a reasonable cost and still get what you want. Today’s post is from Jessica at the Budget Savvy Bride and was originally published on The Money Mix.
Today’s post is from Cashflow Cop and looks at one of the more interesting concepts in the FIRE landscape: leanFIRE. Unlike FatFIRE where the goal is to maximize your lifestyle in early retirement, leanFIRE devotees ask how little they can live on so they can retire as soon as possible. This post was originally published on The Money Mix.
Today’s post is from Brian at Debt Discipline. Brian looks deeply into the reasons that people “fail to launch” financially, and the steps you can take as a parent to make sure your kids take a firm step out of home and into their “real life”. This post was originally published on The Money Mix.
Today’s post is from Melissa Blevins at Perfection Hangover. Her post examines her alternative for healthcare insurance that has saved her family thousands of dollars. This was originally published on The Money Mix.
Working from home is amazing, but it’s not a guaranteed success. In order to get the most from your work from home job, you need to be sure to follow these steps. This post originally appeared in The Money Mix.
We all know that paying off debt is good for your financial health, but it’s good for your mental health too. Here’s how you can harness the positive emotions from debt relief in the most effective way. This post was originally published on The Money Mix.
The offers seem enticing. “Sign up and receive up to 40,000 bonus points! Act fast!” But credit card signup bonuses are a fast and fleeting reward that aren’t worth the dangers. Here’s why chasing that bonus just doesn’t make sense.
Last week I looked into the two worst work from home jobs I ever had. This week, I am going to tell you the inside story behind my (budding) success with RFG, my ups and downs, and plans for the future. Note: this post was written by me and originally published on The Money Mix.
For many people, the first thing that comes to mind when you hear the word estate is a fancy house with land in another country. But an estate is just a fancy name for all the property and assets you own or control. It’s best to have a plan for what happens to all of that.
Earning a six-figure salary can make building wealth easier, but it’s not a magic solution for your financial woes. Earning a high income is only one part of the equation. If you want to be financially secure, you need to make your money work for you. This post originally appeared on The Money Mix.
Who wants to spend their entire life toiling behind a desk in a starched shirt and dress shoes? The dream of the work from home job is alive and well in 2019, and these are the best ones for you to look into. This article was originally published on The Money Mix.
It takes a big pot of money to retire early. And if you want to have a nice lifestyle as well, it takes millions to safely retire early. But, if you are smart about your taxes, you can reduce those numbers significantly. Here's the smartest ways to keep your income taxes low for FIRE.
You have a great job and make a good income. You've paid off your student loans and credit card debt. Now you’re ready to save and invest. But you’re not sure how to invest your money. I have good news.
There are hundreds of different suggestions for how much you should spend on a car, but they all share one common fault: they assume we are all the same! Use this interactive calculator to type in your situation and preferences and see how much you could spend on a car.
For most people, money is stressful. I know it used to be that way for me. But I guess that comes with the territory when you grow up poor. It wasn’t easy growing up in poverty, and it definitely was an uphill battle to build a healthy relationship with money.
If you have a little bit of money saved up, then you probably are interested in protecting it. Umbrella insurance is a low cost way to mitigate risks and protect yourself from personal liability lawsuits and claims.
As many of you know, I am a marketer at a startup. That’s one of many reasons why I write about startups and equity compensation all the time. Like, maybe too much, but I digress. Although I love my job, someday I’d like to leave the startup world to be an entrepreneur. My problem is that I don’t have any genius ideas for a business. I am just into entrepreneurship, finance, and finding efficiencies. So where does that leave me? Enter the search fund.
As the stock market has been wildly gyrating over the past several months, I’ve come to a realization. Everyone is way too obsessed, and spends way too much time worrying about investment gains and losses.
Happy Holidays! Now, a short break from our regularly scheduled programming. RFG is officially over 70 posts old! It’s time for me to thank my readers, and ask the most important question of all: where do I go now?
It seems like every day that passes, there’s a new variant of the acronym: fatFIRE, leanFIRE, seaFIRE… even baristaFIRE! Today, I am going to dissect each of the different variants of FIRE, starting with FIRE itself!
It’s easy to get discouraged by investing. With interest rates hovering at 3-5%, even modest retirement budgets require well over a million dollars in investments to work properly (e.g., $1,000,000 x 3% = $30,000). Many people get discouraged because they don’t have much saved now, but the truth is that the most important thing in any retirement plan is making repetitive, reliable recurring investments.
Time is the most precious commodity we have, but people waste it all the time because they don’t know its value. Use this interactive calculator to get a better idea of what your time is REALLY worth to you.