You know your credit score and you may need to apply for a new credit card, or loan, or a prospective employer may want to run a credit inquiry on you, but you are worried about your score dropping. After all, you’ve heard people tell you your score will drop on each credit inquiry. You […]
Some daily habits, that technically have nothing to do with money, can hugely improve your relationship with it. And most of them will enhance your life in other ways too. Practicing Gratitude This is one of the most commonly recommended pieces of advice from money mindset gurus, but it’s not as easy as it sounds. […]
Individuals often need cash to pay for items like a down payment on a new home, unexpected medical bills, or just simply to consolidate debt. Two common options to shore up money are tapping your 401(k) plan’s assets or taking out a personal loan. While neither choice is indicative of an ideal financial situation, there […]
If you spend any time in the personal finance space online, you will likely be familiar by now with the FIRE (Financial Independence, Retire Early) movement. It’s a concept whereby those of us lucky enough to have decent-paying, middle-class jobs aim to live cheap, save aggressively, invest wisely, and retire well below the ‘normal’ retirement […]
It has been estimated that almost 90,000 Americans were involved in investment scams in 2021 alone, losing a total of around $1.58 billion. This indicates an increase of around 82% based on the previous year, so to say that these scams are becoming more prevalent would be an understatement. While most of us believe we […]
I’m not an advocate of “get rich quick” ideas. There are tons of guru’s who will promise to teach you “their way” to get rich quick. It may work for some but to me, the best way to build wealth and keep wealth is a slow, boring process that requires discipline through good times and bad.
You know it as well as I do. Way too often we find that we’re our own worst enemy. And things only get worse when we need to make a quick decision when we’re stressed or hungry (literally or figuratively). That’s why crafting plans is so crucial. It lets us consider all options dispassionately, when […]
Yes, it’s a bear market. As of the 6/13/2022 close, the S&P 500 lost over 20 percent of its value since its 1/3/2022 peak (-21.6 percent at the recent low, recovering slightly to -20.5 percent as of this writing). If you’re thinking you’d best pull your money out of the stock market (or have already […]
SRI/ESG/Impact investing is nuanced, complicated, and can be somewhat confusing. It can also be controversial. While there are many advocates for this way of investing, there are also plenty of detractors who claim that it’s simply “virtue signaling” or that it doesn’t make a difference. Added to this is the somewhat confusing landscape of terminology. […]