• What Makes a Good Investment? 6 Things to Look For

    A 2019 study by GOBankingRates found that 55% of adults in America aren’t investing. Investing is important for so many reasons because it: Provides you with the opportunity to gain higher returns Is an effective way to help you save for retirement Can offer tax benefits Helps you beat inflation So, why are so many Americans choosing not to invest their money? Here are the top two reasons reported in the study:  They don’t have enough money, or feel that they have enough money to invest They have money to invest, but don’t know how or what to invest in Fortunately, both of those barriers can be overcome. If you…

  • 10 Personal Finance Ratios To Help You Build Wealth

    What are the 10 personal finance ratios that will help you build wealth and increase your financial literacy? Liquidity ratio Targeted net worth ratio Current ratio Liquid assets to net worth Savings ratio Debt to asset ratio Debt to income…

  • How to Set SMART Financial Goals

    Since we can’t exactly snap our fingers and magically become independently wealthy, it means we’ve got to make goals. But setting and sticking to your goals isn’t always the easiest thing to do. So here is a guide on what…

  • SoFi vs Acorns – Which is Better?

    Both SoFi and Acorns offer various services beyond investing, including loans, checking accounts, etc – however this review will focus solely on comparing each company’s investment platform. Short on time? Here’s what you should know when comparing the investment arms…

  • Is Acorns Worth It?

    Short on time? Here’s the what you need to know about Acorns: Acorns is a micro investing platform which combines robo advising with an automated savings feature. Here are the three most important aspects of Acorns you should know: There’s…

  • 5 Crucial Ways Americans Wasted Money This Year

    Let’s be honest, we all waste money from time to time. It’s an inevitable part of being human. Maybe you’re guilty of throwing too many of those end-of-the-check-out-aisle products in your cart at the store. Perhaps you buy too many…

  • Liquid Net Worth: The Basics

    What is net worth? Net worth is one of the simplest metrics you can use to understand your overall financial health. To calculate your net worth, take your assets and subtract your liabilities. Net Worth = Assets – Liabilities Simply…

  • 6 Useful Money Saving Challenges to Kick off 2021

    What is a money saving challenge? A money saving challenge is a way you can challenge yourself to save more and spend less. There are lots of different challenges out there and some are certainly better than others. Many help…

  • The Cash Envelopes Method: Everything You Need To Know

    The cash envelopes method is a cash-based budgeting strategy. The general premise is that if you set concrete spending limits for each of your expense categories and only use cash, you’ll be less likely to overspend. However, the cash envelopes…

  • Non-Qualified Stock Options (NSO): The Basics

    Non-qualified stock options (NSO’s) are a specific type of employee stock option. What are employee stock options? In a nutshell, employers can give their employees the right to buy a certain number of company shares at a designated price within…

  • The 15 Best Financial Books for Beginners

    Personal finance is not rocket science. However, it’s an intimidating topic for many of us. Rarely are the principles of personal finance covered in K-12 education. So, if you didn’t learn it from your parents, then it’s up to you…