Financial Planning, Millennials

If You Just Understand This… You Won’t Push Off Investing Anymore

Understanding compound interest is really hard because our brains aren’t designed to comprehend it well. But if people truly understood compound interest, they would stop looking for the get rich quick scheme and start investing earlier.  Want to know something crazy…  Of Warren Buffett’s $84.5 billion net worth, $84.2 billion was accumulated after his 50th birthday. Why? Because of compound…

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Financial Planning

Why I Hate Budgeting and A Better Solution

Too much of the personal finance content that exists is centered around cutting expenses and budgeting. I honestly don’t think budgeting works for the vast majority of people and here’s why.  Budgeting is Cumbersome and Restrictive Even though it is both of those things, budgeting is a necessary evil at the beginning. You have to do it for a short…

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Big Picture, Financial Planning, Millennials

How To Negotiate Your Salary

According to Salary.com “Only 37% of people always negotiate their salaries—while an astonishing 18% never do. Even worse, 44% of respondents claim to have never brought up the subject of a raise during their performance reviews.”  It’s safe to say that most people do not negotiate their salaries and the impact this can have on your lifetime earnings is massive. …

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Financial Planning

Tax Credits vs Tax Deductions

I often hear people mix up tax credits and tax deductions so I thought it could be helpful to break down what each of them are and how they work so you can know what the differences are. I will say, both are great for reducing your total tax liability and something you want to be aware of.  Tax Deductions …

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