Real estate investing is a divisive subject. You either love it or you hate it. We’ve all seen the social media posts from people saying they don’t want to own rental properties because they don’t want to have to get a call in the middle of the night about the furnace breaking or some other annoying task. And while that does…
Every personal finance social media account loves to talk about cars and how the rich drive old, beat up cars. And while this may be partially true, you do not have to do this to become wealthy (although it sure does help to have less debt and lower fixed payments). This conversation leads to many wondering how much house and…
I was apart of the horrible Southwest cancellations in late December. And when I say horrible, I mean horrible. We were set to fly back on the 26th from Phoenix to Milwaukee with a quick layover in Denver. We got to Phoenix and both flights were on time. We were feeling great. But things started to shift during our hour-long…
It’s the start of 2023 which means there are new contribution limits for various investment/retirement accounts. This is one of the biggest jumps I have ever seen all because inflation has been super high. It’s important for you all to know these and to increase your contributions to reflect these changes. 401(K) and 403(B) Employee Contribution You can contribute up…
“What would you do if you were me?” This is the top question I get asked from friends and family. Here’s exactly what I would do if I was starting out as a millennial. 1. Get A Grasp Of Your Cash Flow Managing your cash flow always has to be step #1. If you cannot live on less than you…
A huge part of doing good financial planning is risk management. You can build up all the assets you want, but if you lack the proper risk management, it will mean nothing. You could lose it all. So what are the biggest risks you face and how do you protect them? Let’s dive into it. 1. Being unable to work…
Are you looking for a way to take your income to the next level? Look no further- today we share 5 “Income Accelerators” with you. Jeff Rose is a Certified Financial Planner and founder of the award-winning blog GoodFinancialCents.com. He went from over $30,000 in debt to becoming a multi-millionaire by working tiredly to perfect ways to increase his income…
Managing cash flow is hard enough when your income is regular. Now add in the complexity of being a soloprenuer with irregular income, and you can see how that would be difficult. I currently work with some people who make 75% of their revenue in just 2 months a year. This irregularity creates complexity within your cash flow. In this…
Some people enjoy their jobs so much that they will continue to work well into their 60s or later. And others… well they would retire today if they could. If you fall into the latter group, you might want to start to think about how you can hit your retirement date earlier. Here are 5 strategies to help you move up your retirement date!…
Target date funds are pretty popular these days. You may have seen them in your 401(K) investment options lineup with names like Retire 2050 or Target 2050. Target Date Funds are made to simplify things for you. They essentially let you choose one fund that is a blend of several funds. Bonds, big companies, small companies, international companies, etc. will all…