As we begin this journey – and yes, it is a journey – we ask the question: Is it possible to develop an investment plan to achieve financial independence? The immediate answer is yes, it is possible. In this article, we shall explore the necessary steps to make it a reality. What is Financial … [Read more...] about How to Create a Personal Investment Plan for Financial Independence
After many years of hard work and diligent saving for retirement, many struggle with the fear that they will outlive their nest egg. Or, perhaps worse, that the financial systems will collapse. So what does one do? Plan! It is my belief that the Three Bucket Retirement Strategy will both guard … [Read more...] about Using the Three Bucket Retirement Strategy
Why do you need insurance? Insurance is how you manage risk. Essentially, you transfer the risk to the insurance company. When you buy insurance, you buy peace of mind against something bad happening. Listed below are three types of insurance that will protect you and your family. We’ll also … [Read more...] about Insurance Tips
Target Date Funds are all the rage! Do you have your investments in them? They can be used for retirement funds, HSAs and 529s. Is this the smart direction for your investing? Will you maximize your returns? Let’s take a look at them and then you can decide if this is your best course of … [Read more...] about Are Target Date Funds Right for You?
Many people want to live the dream of owning their own home. Paying rent is a waste of money, they say. What you don’t want to happen is to overbuy or overextend and turn that dream into a nightmare. How much can you afford? Owning a home is special, and you must prepare accordingly. We will … [Read more...] about Home Buying: How Much Can You Afford?
America is drowning in debt. The average debt in America increased by $601 billion in the last quarter compared to the previous year. Mortgage debt rose by $120 billion. Student loan debt increased to $1.51 billion. Auto loans increased $16 billion. Credit card debt increased by $46 billion. A train … [Read more...] about The Debt Epidemic: Cure it Forever
Cyberattacks on 401k assets are on the rise! Is your 401k safe? How often do you check? Do you just make contributions and think that it is growing? Or, do you pay it no mind, and never check? Because of a potential cyberattack, your money could be gone. Your account could be empty! Not only is … [Read more...] about Cyberattacks: Is Your 401k Safe?
When you consolidate your debt, there is the possibility that you could lower your interest rate. The payments may be lowered and there will be only one payment to make instead of numerous payments. When you consolidate into one loan, you most likely will be extending the time to repay. When you … [Read more...] about Considerations for Dealing with Debt
Every year, many folks head out for Christmas shopping and do not have a plan. They whip out old faithful, their Visa or MasterCard or some other preferred credit card, and spend like drunken sailors. Then, January comes. The credit card company sends you a delayed Christmas card with a price … [Read more...] about How to Have a Very Merry Christmas Without the January Hangover
G et out of debt, build wealth for your retirement, fund the kids’ college, live a life without financial worries. Creating a budget is a best practice of millionaires. A personal budget is one of the most essential tools needed to create financial independence. A budget is simply a plan. … [Read more...] about Creating a Budget: Ten Easy Steps