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Welcome To Money Smart Guides!

Overwhelmed by debt? Want to make investing a breeze? The goal of this site is to help you get out of debt and start investing for your future. If you are unsure where to start, click here to begin. I will break everything down for you in small, obtainable steps so that you can take control of your finances once and for all.

Fun Facts About Money I Bet You Didn’t Know

fun facts about moneyI love money. I love the smell of it. I love the feel of it as I roll around in it a la Scrooge McDuck. OK, I don’t roll around in it. But I really do enjoy it. I love learning about it too. When FXX was running The Simpsons marathon last summer, I knew I couldn’t miss the $10 trillion dollar bill episode. It is easily my favorite.

While the story is fictional, it made me think about what are some real facts about money that would be fun to learn about. After burning the midnight oil and reading through the National Archives, I have the following money facts that I know you will enjoy.

Fun Facts About Money

One bill weighs 1 gram and 454 bills equals one pound. This means if you have $1 million in singles, it would weigh over 1 ton! A suitcase of $1 million in $100 bills weighs over 20 pounds! [Read the full article]

5 Tell-Tale Signs You Need A Career Change

We all have one of those friends who gushes about how wonderful their job is. If you feel jealousy whenever they discuss that new big project they are working on, it’s time to stop and examine those feelings. It could be a tell-tale sign that your own career is in need of a big shake-up. Here are some other signs to look for before changing careers. 5 Signs It's Time To Change Careers 1. You Dream of Being Your Own Boss The freedom of being your own boss is high on the list of reasons many people want to change career. What stops a lot of those people from living … [Read the full article]

The Importance of Life Insurance

life insurance

When it comes to life insurance, many people get confused. Because of this confusion, many times, we choose not to act at all, thinking that this is our best option when in reality, it is our worst option. Not getting life insurance when it makes sense can make a disastrous situation in your life that much more difficult. But when is the right time to obtain life insurance? When To Get Life Insurance There are many factors that go into the decision of when to get life insurance. For most people, if you are single and have no dependents, then getting life insurance … [Read the full article]

How Instant Gratification Has Killed The Stock Market

instant gratification

As technology has made things quicker and faster, we have become conditioned to want things now. Twitter is a perfect example of this as are the 24-hour news channels. With Twitter, news breaks instantly and goes viral. The problem with this is that there is no fact checking. Just look at all of the tweets about dead celebrities that go around. With the 24-hour news channels, it’s the same thing. The moment something happens, a reporter needs to be on the scene and people need to be interviewed. This causes two problems: First, you have people that speculate on … [Read the full article]

How To Save $100,000

If you’ve ever read Pete Briger's bio, you may be wondering how you can win at the financial game, too. Here’s how to make the necessary changes so that you can save your first $100,000. Sacrifices now can mean big savings for the future. 5 Tips To Saving $100,000 Reduce Your Debt It’s tempting to buy a new car, get a huge home, or treat yourself to a brand new home theater system. However, if you have to use credit to get any of those things, it could take you years to pay off both the loan and the interest. Your first step to saving money should be reducing your … [Read the full article]

Take Big Risks With A Little Bit Of Your Money

My Asset Allocation

This isn’t advice you typically see, but this is a personal maxim that has helped me get more enjoyment and energy out of my investment life. I spent a lot of time in my early investment years thinking about my risk tolerance. I decided that I was fairly open to risk. I had a 95% stock/5% bond allocation in my IRA for many years. But as I’ve gotten a little older, I’ve lessened the amount of risk I’m willing to take on, currently I am at an 80% stock/20% bond allocation. (You can learn the importance of having a good asset allocation in this recent post.) After all, … [Read the full article]

Strategy vs Luck: Which Is The Better Investment Approach?

Periodic Table of Investments

When the stock market is “hot”, everyone is an expert telling you where you should invest your money, and when the stock market turns south, everyone is an expert as well, telling you why to get out. (Of course, very few of these "experts" have IMCA’s CIMA designation, certifying them to manage investments.)  They tell you where you should invest your money, or even if you should be pulling everything out of the market. The interesting thing about this is that the average investor only earns about 2% per year whereas the market earns roughly 8%. The question is, if all … [Read the full article]

The State of Savings In The United States

Americans Saving Rate

Bankrate came out with an updated study on the amount of money Americans are savings. The good news is that there are some Americans that are doing well with saving their money. The bad news is that way too many of us are still lacking in the money saving department. How do you overcome this is you are in the non-saving category? I will walk you through some of my tricks that help me to save. Hopefully, you can use them to your advantage as well. Saving 15% Of Your Income The study found that middle-class earners were the best at saving 15% or more of their income. … [Read the full article]

Selling Your Home At Auction: Valuable Advice Anyone Can Use

selling your home at auction

An auction house environment can be an exciting environment and has the potential to be rewarding for those that know how the system works and when to raise their hand, but if you are new to the process, it can seem quite daunting and even a bit confusing. If you have every asked the question and wondered whether I should consider selling my house at auction? Here is a look at some of the points and rules of the game that you should know about. Auctions Are For Everyone The most salient point to make about buying and selling property at auction, is that auctions … [Read the full article]