The other day a co-worker passed me in the hall and mentioned, “Another day, another dollar.” Usually, comments such as this are quickly heard and easily forgotten because they’re trivial in everyday life. But this comment struck a deeper chord within me. It was true. It was another workday, another dollar earned. But it immediately …
If you’re someone who is approaching retirement, your thoughts are probably consumed with the amount of free time that’s just around the corner. By now, hopefully, you’ve looked at your finances, created a plan, and are set to eventually enjoy the fruits of many decades of labor. You’ve been diligent and have saved throughout the …
The Chances of your Social Security Being Taxed is Greater Than Ever Before Read More »
Unless you’ve been hiding from all things money, you’ve probably heard that you should be investing. But how do you begin investing when you’re new? Although this has probably been drilled in over and over that you must invest, there is usually no one there to hold your hand while you take that first step. …
I read an article the other day from Business Insider about a financial writer, Holly, who “wiped out” her emergency fund years ago and never plans on rebuilding it. Of course, this immediately captured my attention. And although my initial thought was wary of her proposal, I found the article reflecting some of my own …
An Alternate Approach to the Traditional Emergency Fund Read More »
How you equip for your retirement today will oftentimes dictate your future financial well-being. Preparing today will help determine your future comfort. But once you’ve accumulated a decent nest egg, what’s the best way to access those retirement funds to make them last? Well, many propose trying the bucket strategy to maximize your investments to …
The other day an emergency room nurse told me that she had to pull money from her 403(b) fund to buy appliances. She had recently had a significant power surge due to an electrical outage that fried the circuits of her refrigerator, stove, and microwave. She’s never truly felt (until now) the importance of having …
One Example of Why an Emergency Fund is Essential Read More »
Have you ever gone through a period in your life where everything seems to be going ok? Where all of your plans are being carried out without any disruptions and there are no big obstacles that are derailing you? And then there are the times where everything seems to go wrong. Where all of your …
In the world of finance and investing there are plenty of gurus out there who will sell you all kinds of advice. I’ve seen it all and I’m sure you have too. There are the day traders who promise you can make a living sitting in your living room trading two hours a day. You’ll …
A Secret to Financial Success: Automate Everything Read More »
Do you remember those old television shows that gave contestants the opportunity to choose what was behind door #1 or door #2? Of course, in these shows, there was a lot of build-up about the choice. With one choice you could potentially have something of great value or something that was a bit of a …
Opportunity Costs and Why They’re Important To You Read More »
I don’t know how many times I’ve bought something only to realize a year later that it was a complete waste of money. I mean, I loved what I bought and all. Or at least I thought I did at the time. But now I look back and realize (with some frustration) that it was …
