3 Strategies to Avoid Lifestyle Inflation
Jake is a smart guy and does his best to make good financial decisions. He’s a natural saver, has a great budget, invests consistently for retirement, and has a well-established emergency fund. While Jake doesn’t live high on the hill,…
The 5 Bank Accounts Every Adult Should Have
If you’ve ever felt uncertain about the best way to organize your money and what type of bank accounts you should have, you’re not alone. A 2019 survey found that 62% of Americans don’t understand the basics of banking, including…
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.…
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…
Understanding Market Fluctuation & What Investors Should Do
In case you missed it, the S&P 500 has inked yet another record for the books. Between February 19, 2020, and March 23, 2020, the S&P 500 took a tremendous drop, losing 33.9%. However, this drop was immediately followed by…
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…
