You’ve decided to finally pay off your debt and have been doing a great job so far. But here you are, a few months in and you have this weird feeling. At first you ignored it. But now it is too big to ignore. You aren’t that interested in getting out of debt any longer. You would rather do other things with your time and money. Don’t feel like you are alone because you are not. Many people struggle with staying motivated when getting out of debt. It is perfectly normal and I am … [Continue Reading...]
Start Investing
Why Dave Ramsey’s Investment Strategy Is Bad For Your Wealth
Dave Ramsey is an expert when it comes to helping people get out of debt. His simple yet actionable advice explains the steps to change your finances from living in debt to living prosperously. But while his advice on helping people to get out of debt is spot on, the investing strategy Dave Ramsey guides his followers with is dangerous. So dangerous in fact that many people potentially end up with a lot less in savings and run the risk of … [Continue Reading...]
How The Right Asset Allocation Model Will Explode Your Wealth
A major part of being a successful investor is having the right asset allocation model for your risk tolerance and investing for the long term. If you are reading this post, chances are you have the wrong asset allocation model. How do I know this? Look at the questions below. If you answer yes to either of them, then you have the wrong asset allocation model. When the stock market crashes, you sell everything and run for the hills … [Continue Reading...]
Build Wealth
15 Free Budget Templates You Need To Improve Your Finances
When it comes to money and improving your finances, where do you start? Most people answer this question by talking about investing or how to make extra money on the side. This makes sense since these are the more exciting aspects of money. But in order to build wealth, you need to focus on the foundation first. When it comes to your money, your foundation is your budget. By creating and following a budget, you know where your money is … [Continue Reading...]
10 Simple Steps To Becoming Rich You Need To Build Wealth
Is becoming rich and not having to worry about money is a dream of yours? But you’ve tried to figure out the secrets of building wealth and have come up empty every time. You even tried out some ideas that sounded too good to be true, but couldn’t resist the opportunity to becoming rich. You want the money, the houses, the lifestyle. You believe that when you are rich, you will have the world at your fingertips. You want to forget … [Continue Reading...]
Achieve Your Goals
16 Insider Secrets Wealthy People Use To Grow Their Wealth
You strive to become wealthy and successful, but chances are it isn’t happening like you planned. You are being smart with your money, but it just feels like you aren’t getting ahead. What gives? The problem is you are focusing on just one area of your life, your finances, thinking this will set you apart. […]
10 Critical Questions To Ask Yourself To Jumpstart Your Life
Are you at a point in life where you are in a funk? You just can’t seem to catch a break or take that next step to greater success and jumpstart your life? We’ve all been in a rut at one point or another in our lives. For me it came after college. The economy […]
Retire Well
3 Best Retirement Calculators To Achieve Your Dreams
Read any article about retirement planning and they will give you a number that you should use as your savings goal. While on the surface this is great to have, the reality is that it has nothing to do with your personal situation. What would be more beneficial to you is an easy retirement calculator that could help you determine exactly how much you need to save for a comfortable retirement. After all, you probably ask some of these … [Continue Reading...]
The Surprising Average 401k Plan Balance By Age
I’m a competitive person. I like to challenge myself to be the best I can be. And in many regards, I compare my progress with others. A few years ago, I compared myself to others in terms of how much I had saved for retirement. While it is natural to want to a benchmark for how much I should have saved for retirement by age, I realized there are a handful of problems going this route. Today I will talk about what the average 401k plan … [Continue Reading...]
Thanks again for visiting Money Smart Guides. My goal for Money Smart Guides is simple: to help you become a master of your financial future. You do this by learning to overcome your debt, making smarter spending choices and start investing for your future. When you succeed, I succeed. By teaching you about personal finance, you can take the steps needed to secure your financial future. As always, if you have any questions or want help with any personal finance issue, please contact me. I will do my best to help you out and answer any of your questions.
