• 30 Money Questions You Should Know How to Answer by Age 30

    First things first, let’s establish the purpose of this list. This list of money questions was not developed to shame anyone. If you don’t know all the answers, it certainly doesn’t mean you ought to give up on personal finance. Personal finance is an ever-evolving subject area. And just like the name states, it’s personal. So even if you can answer all of these questions, it doesn’t mean that you know everything you need to and should quit learning. Your finances will live and grow with you throughout your entire life.  Understanding the following Q&A is a way to help you establish where you’re at in your understanding of personal…

  • 6 Important Reasons Why Debt is Bad

    Debt is one of those things that seems like a relatively simple concept. That is, right until you get into all the nitty-gritty details of it. Most of us understand that debt is generally a bad thing. However, there’s also…

  • The Importance of Saving Money

    Let’s be honest. For most of us, spending money is way more fun than saving it. But, the importance of saving money cannot be overstated. So whether or not the habit of saving money comes easy to you, it’s helpful…

  • How to invest in a recession

    The National Bureau of Economic Research (NBER) announced that the United States officially entered a recession in February 2020. The economic peak in February 2020 came after the longest period of expansion in US history – a period which lasted…

  • Is it smart to prepay your mortgage?

    Paying off a mortgage is a tremendous milestone in life. Most of us yearn for the day when we won’t need to make those monthly payments anymore. It’s not surprising then, why so many people consider the option of prepaying…

  • Using the 80/20 rule to work smarter, not harder

    The 80/20 rule is not scientific law but it holds eerily true in most scenarios. The rule states that a majority of output will come from a minority of the input. In layman’s terms, it means that 80% of your…

  • What is FI?

    FI stands for financial independence. No – not the kind of financial independence that simply means Mom and Dad aren’t paying your rent anymore. This kind of financial independence is more akin to financial freedom. You may have seen FI…

  • Negative interest rates explained

    No one will blame you for thinking negative interest rates sound like fake news. Negative interest rates are a challenging concept to wrap your head around, but they are, in fact, a real thing. Before we dive into negative interest…