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...]
How To Reach Your Financial Dreams | My Personal Capital Review
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...]
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 … [Read more...]
How To Build Wealth In Your 20s | Your Ultimate Guide
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...]
The Proven Way For You To Become A Stock Market Millionaire
So you want to know how to become a stock market millionaire? It’s much easier than you think. Let me rephrase that, it takes a lot less work to become a stock market millionaire than you think. In fact, the most work you do is at the beginning of the process. Once you have your foundation laid, you can pretty much put things on auto-pilot. How great is that? If you take … [Read more...]
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 … [Read more...]
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 … [Read more...]
Betterment Review | The Easiest Way To Start Investing
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...]
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 … [Read more...]
Tax Efficient Investing | The Easy Way To Keep More Money
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...]
Ally Invest Review: The Best Online Broker For Active Traders
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 is … [Read more...]
How Trend Following Strategies Can Reduce Risk In Your Passive Portfolio
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...]
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.
