Pay Off Debt. Start Investing. Achieve Your Dreams.
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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 … [Read more...]
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It’s time to get a firm grip on your finances, learn how to save more money, and simply become a savvier investor. Imagine what your life will look like when you have a better handle on your money and can enjoy the freedom that financial security brings.While this may seem like a fantasy for some, Personal Capital can do it for you.Read my full review of Personal Capital below … [Read more...]
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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 … [Read more...]
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Now that college is over, you are entering a new chapter in your life. It can be exciting, scary and overwhelming all at the same time. You are starting off your career and earning a steady income, but you’ve never had the responsibility that comes with it. As a result, you need some solid advice for the financial things to do in your 20s. For most of you, this will be the … [Read more...]
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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 … [Read more...]
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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 … [Read more...]
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When it comes to investing, why don’t you invest? Are you scared to lose money?Maybe you have no clue where to start since everything you read tells you something different? Or maybe you want to start but investing sounds too complicated? I have good news for you.There is a way to help you start investing without fear and possibly even help you lessen the chances of losing … [Read more...]
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Over time, the stock market is a powerful tool in building wealth, so long as you stay the course and invest for the long-term. But there is more you can do than just invest your money to grow it. You can use tax efficient investing to keep more of your money too. By being smart about your investing strategy and keeping tax efficiency in mind, you can keep more of your money … [Read more...]
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When it comes to investing your money, you have a lot of options. Back when I first started to invest, discount brokers were just coming onto the scene. But the term “discount” was overrated. The fees to trade stock were still around $25 per share. But thanks to technology and competition, investing has become affordable for the average investor. One such example of this … [Read more...]
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Investing is all about risk versus reward. And for passive index investors, this often comes down to asset allocation. By tweaking your exposure between equity, fixed income and alternative asset classes, you can trade in some potential upside for reduced volatility. But risk management doesn't have to end there! So in this article, I want to take a closer look at so-called … [Read more...]
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Do you ever wonder what life is like for the rich and not-so famous? Do you wonder how they invest their money? Do you wonder about how they made their millions or what secrets they might have for you to benefit from? Well today is your lucky day as I am going to share the insider details. For a few years, I worked for a high net worth investment planning firm. To be … [Read more...]
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Growing up, I remember watching cartoons where the main character would go out into his backyard and get money from a money tree. I was fascinated by this idea so much that I asked my parents if money grows on trees. They said no, but I wasn't deterred. I wondered if we had a money tree in our backyard. I set out one summer afternoon looking at all of the trees we had in our … [Read more...]
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.
