Learning how to manage your cash flow is essential to your financial success and it all starts with giving every dollar a purpose. It is always so interesting to see people’s reactions when I tell them this. They think I am going to tell them to create an excel spreadsheet and track Every. Single. Dollar. Every. Single. Month. This is…
When thinking about your financial future and creating a financial plan, there are some numbers that you really need to know. What I have come to realize is that very few people (especially millennials) know the important financial numbers in their life. So here is a list of the most important personal financial numbers you should know: 1. Net Worth…
Favorite Articles/Podcasts/Videos Ben Carlson – How Many Months’ Worth of Spending Do You Need in Your Emergency Fund? – “This is why rules of thumb in finance are basically impossible to apply to a wide swath of the population. Circumstances matter. How you approach the idea of a financial emergency in the first place matters. Your other financial backstops matter.…
“A Goal without a Plan is Just a Wish.” – Antoine de Saint-Exupéry I have heard this saying over and over the past few years but never really knew where it came from until this week. This phrase was first seen in a book called Le Petit Prince, written by Antoine in the 1940s. In this book, he shares many…
As you approach your 30’s and 40’s, life starts to change pretty quickly. You go from just caring about yourself to now wanting the absolute best for your family and children. One of the most common goals I hear from parents is that they simply want to give their children a better life than the one they have had. Besides…
Should you use credit cards or not? Credit cards are one of the financial topics that people cannot seem to agree on. On one side there’s people who cannot stop raving about all the credit card points and free hotel stays they get — and on the other hand you have the Dave Ramsey’s of the world saying that credit…
Volatility is a term that gets thrown around a lot and most times is associated with down swings in the market, but it can also describe positive increases in the market as well. However, these increases get talked about less because a bad day in the market makes you feel way worse than a good day in the market makes…
Let’s go back in time ten to twenty years ago when you were in grade school. Do you remember being assigned those random school projects that somehow all seemed like they were the hardest project you’d ever had? Even though you said those very same words about the last project you did as well? Yeah, me too. For me, the…
Life insurance is one of those topics that most millennials are not thinking about right now, and honestly, most do not need to think about it until their 30’s. If you are young, single, and have no debt, then life insurance is probably not something you need regardless of what the life insurance salesman tells you. But, if you are…
When it comes to finances, much of what we focus on is the fun stuff: picking stocks, exercising options, investment performance, etc. — and truthfully it’s all because of the media. Whether you turn on CNBC or go on Google, almost everything we hear about financially is investment-related. But, in personal finance, investments are just one piece of the puzzle. …