I’ve been getting a lot of questions recently from people who are getting to the point in life when they are ready to start investing. They understand the basics, but don’t know where to begin. That’s where this quick guide will hopefully come into play. This is by no means the only way to invest, but is the best way that I have found to maximize the return on my investments while minimizing the cost of my time. All while not needing to pay a financial advisor a cent of my hard earned money. So let’s begin. Invest in Your Company’s 401k Plan Up Until the Employer Match If your…
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Should I Pay Off My Mortgage or Invest?
This is a common debate amongst people on their way to retirement/financial independence and one that likely has multiple financial and psychological components. Meaning that there likely isn’t one cookie cutter answer to this question. So before making such a big decision, this question deserves some serious thought. This post will by no means be a post telling you what you should do in your own situation, but it will be informative about what the math says about this decision. Thus allowing you to create an equation for your own unique situation/circumstances so that you have all the information available before you make the best decision for you. To Pay…
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Do I Need an Emergency Fund?
Emergency funds are a highly debated topic amongst the financial community and one that shouldn’t be taken lightly. So where should you stand on the matter? I personally feel that having an emergency fund set aside for a disaster is important, especially if you have dependents, but I disagree with where this money should be kept. So let’s start from the beginning and break it down so you can come to your own conclusion based on your unique circumstances. So what is an Emergency Fund? An emergency fund is liquid cash being available to use in case of a financial emergency such as home/car repairs, medical bills, or a period…
