A little more than a year ago, I plunked down $81,000 of cold hard cash and bought my first rental home outright. No mortgage, no bank, no hassles. It was glorious. The first question you might have is, "How on earth did you get yourself into a position to buy a house with cash?" Well, that's really not the purpose of this article, but I'll give you the quick gist of the last 6(ish) years of my life: I was going backwards financially and got mad. I made a plan and I paid off … [Continue Reading...]
Start Investing
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...]
Emperor Investments Review | Investing In Your Future Made Easy
Nowadays, there are a lot of options when it comes to investing your money. And having worked in the financial services industry for over 10 years, I’ve seen a lot of firms come and go. I also receive a lot of press releases about new firms and what makes them special or stand out from the rest. Sadly, the majority are just copy cats of other firms with everything in common. But Emperor Investments is different. Yes they are a robo-advisor, … [Continue Reading...]
Build Wealth
6 Kick Ass Benefits Of Buying My Last Home With Cash
A little more than a year ago, I plunked down $81,000 of cold hard cash and bought my first rental home outright. No mortgage, no bank, no hassles. It was glorious. The first question you might have is, "How on earth did you get yourself into a position to buy a house with cash?" Well, that's really not the purpose of this article, but I'll give you the quick gist of the last 6(ish) years of my life: I was going backwards … [Continue Reading...]
The Simplest Way Ever To Become Rich. Results Guaranteed.
What if I told you there was a simple way to become rich? Would you be interested? What if I told you that it would only take you 10 minutes to complete and you would only have to do it one time? (Hint: it does not involve robbing a bank.) Some of you are getting excited while others think I am full of it. What if I told you that the wealthy, the government, mutual fund companies, and many of the other companies you deal with are already … [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...]
How Much Money Do You Need For Retirement? Discover Your Answer Here
I have come across a handful of magazine articles answering the question, how much money do you need for retirement? Sadly, most people have absolutely no idea how much they will need in order to retire. They see the magazine headlines talking about $2 million dollars and think saving this amount of money is impossible. So they give up before they even start. Don’t do this. You don’t need $2 million for retirement. In many cases you need a … [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.
