Challenging the “4% Rule” Suggests Caution, But Also Offers Hope The venerable 4% rule isn’t as unassailable as many people think (as Ben Le Fort points out in this article). Definitions and Origins of the 4% Rule The 4% rule says you can expect to safely withdraw 4% of your retirement portfolio in your first […]
Advantages of being a DIY Investor Being a DIY investor, the most obvious benefit is you save yourself money because you do not have to hire a financial advisor to help you manage your investments. A DIY investor also has the advantage of gaining a sense of pride by managing their own investments. Here is […]
Adults who experience symptoms of ADHD (Attention Deficit Hyperactivity Disorder) can find it challenging to manage their day-to-day personal finances. Whether you have ADHD or know someone who struggles to stay on top of money matters, it’s important to know financial help is available from professionals with experience serving adults with ADHD. A financial advisor […]
Like many freelancers, I tend to have an inconsistent income. Most months my income is fairly stable. Some months it can be double (or half) what it was the previous month. Most months I don’t know at the start of the month exactly what my income will be over the next four weeks. I definitely […]
But if none of them apply to you, do yourself a favor and buy. I was a renter from the time I left my parents’ home until I was 38. From that point forward I owned a home, As of 3 years ago, I’m also a landlord, leasing out my previous home. Based on that […]
If somebody tells you they missed out on hundreds of thousands of dollars, but they’re still happy, would you believe them? Would you dismiss it as “sour grapes,” or would you be curious to know why, and what it could mean for how you should look at your own finances? If the latter, read on… […]
What makes more sense and why… I’d had it with the next-to-0% interest Bank of America pays on checking account balances. I bet you feel the same, because it isn’t just my bank, or just checking accounts for that matter. It’s become next to impossible to get a decent interest rate. Slim Interest-Rate Pickings Are […]
(Or, how I just saved hundreds of dollars by paying attention, and how you can too.) I just saved hundreds of dollars. All it took was paying attention, and acting on what I realized. Before I give you all the details, I’d like to take a small detour to set up the context. A Joke […]
Almost 50% of people working in the US earn income as freelancers, independent contractors, and small business owners. If you count yourself among this group of hard-working Americans, you likely know it can be difficult to borrow money from a local bank that prefers to see a pay stub and steady income provided by a […]