There are many different types of retirement plans out there. When you work for a company, you typically invest for retirement through a 401k, assuming you are working in the public sector. If you leave that job, the question becomes, should I roll over my [INSERT RETIREMENT PLAN NAME HERE] into an IRA”? Today is your lucky day. This post will walk you through just about every possible scenario you can think of and all of the things you should take into consideration so that you make the … [Continue Reading...]
Start Investing
Understanding Risk Tolerance For Investing Success
There is risk with anything in life. When we get into our car to drive to work, there is a risk of an accident. When we play sports, we risk getting hurt. And when we invest, we risk losing money. Because there is risk involved, we have to understand what our risk tolerance is before we decide to do anything. Talking specifically about investing, it is critical that you understand how you handle risk if you want to be a successful investor. If … [Continue Reading...]
Stockpile: Making Investing Affordable For Everyone
One of the biggest challenges to being a stock investor is having the money to invest. If you invest with most brokers, you can only buy whole shares of stock. So in order to buy one share of Amazon, you need $950 plus the trading fee. That puts stock investing out of reach for many people. Who has $950 lying around on a regular basis just to own one share of stock? Luckily Wall Street realized this and introduced mutual funds. With a mutual … [Continue Reading...]
Dividend Investing: The Essential Guide
If you started a company you would expect to invest a certain amount today, earn revenue every year, pay for expenses and then pocket the profits, right? Well, investing in stocks is exactly the same concept. When you buy a stock, you buy a small part of a really large business. The business spends money to make money and hopefully turns a profit by the end of the year. Part of this profit is paid out to investors in the form of … [Continue Reading...]
Determining Your Investment Style
With investing, you are always looking towards the future, not the present. It is imperative that you take into consideration this when putting money away. One needs to know how long they can go without their investment before needing access to those funds. One also needs to be aware of how comfortable they are with risk. For some, they don’t mind higher risk investments, but others are much more comfortable with less risk, knowing what level of … [Continue Reading...]
Build Wealth
How To Calculate Net Worth: The Easiest Way To Grow Your Wealth
Do you ever wonder how well you are doing financially? Do you wish there was an easy way to see your finances without having to go through the work of building and following a budget? Well I have good news for you! You can calculate net worth to get a clear picture of your finances. Doing so takes only a few minutes and over time, shows you if you are improving your finances, making them worse, or just treading water. As you will see … [Continue Reading...]
5 Recommended Ways to Manage Your Credit Cards
Credit cards can be a wonderful and helpful tool but having one is like playing with fire. If you aren’t extremely careful about how and when you use it, you could end up spiraling deeper and deeper into debt, upsetting all of your plans for the future. So make sure you manage your credit cards responsibly so that you can take charge of your debt. This article will give you 5 proven strategies for ensuring that your credit cards never get out of … [Continue Reading...]
Becoming Rich Beyond Your Wildest Dreams In 10 Steps
Becoming rich and not having to worry about money is a dream for many of us. We have a dream to be so wealthy that money doesn’t stress us out. We don’t have to think before we spend because we know we have enough money to cover the purchase. We want the money, the houses, the lifestyle. We believe that when we are rich, we will have the world at our finger tips. If this is true or not I can’t really say. After all, your definition of rich … [Continue Reading...]
How To Get Out Of Debt Forever: A 5 Step Plan
Debt sucks. Sadly, too many of us are in debt. Many of us are in over our heads with the average debt over $230,000! Once we are in debt, it is tough to get out of debt. Heck, it’s even tough to admit to ourselves we have a problem. Take me as a perfect example. I can remember the shame I carried around with me when I was in debt. I remember hating to get the mail, for fear the next bill was in there waiting. I also hated looking at my bank … [Continue Reading...]
Retire Well
The Ultimate Guide To Roll Over Your Retirement Plan Into A Rollover IRA
There are many different types of retirement plans out there. When you work for a company, you typically invest for retirement through a 401k, assuming you are working in the public sector. If you leave that job, the question becomes, should I roll over my [INSERT RETIREMENT PLAN NAME HERE] into an IRA”? Today is your lucky day. This post will walk you through just about every possible scenario you can think of and all of the things you … [Continue Reading...]
The Ultimate Millennial Retirement Guide
This is a guest post from Pauline of InvestmentZen I know what you’re thinking. Millenials are young, some of them have barely just entered the workforce, shouldn’t they have other financial priorities than planning for retirement? Well, not really. First, there is no guarantee 30 years from now that you will still be able to count on a check from Social Security. And with said check amounting to around $1,250 on average, there isn’t room for … [Continue Reading...]
Wild FIRE: 3 Money Moves That Propelled My Wealth And Allowed Me To Hit FI
The following post is by ESI from ESI Money, a blog about achieving financial independence through earning, saving, and investing (ESI). It’s written by an early 50’s retiree who achieved financial independence, shares what’s worked for him, and details how others can implement those successes in their lives. You can learn more about ESI Money here and get his free ebook Three Steps to Financial Independence here. After 28 years at work I was … [Continue Reading...]
Follow 3 Simple Steps For Retirement Savings Success
We suck at saving for retirement. The average 50 year old has $43,797 saved for retirement. I hate to break it to you, but that is just not going to cut it. The fact is that most of us have a hard time saving for retirement. Because of this, we need to figure out a plan for retirement savings success. If we can figure out a way to save for retirement, then we can actually retire. We will also be happy because we will have enough money so that … [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 
