Should I Invest Right Now?
When the stock market is down 20-30% and it’s scary. It’s emotional. And the last thing most people want to do is stick their toe in shark-infested waters. I can hear those familiar voices: “I just saw my portfolio go down how much, and you’re telling me to do what?!” Or conversely, “Now’s the perfect […]
The Power of Incremental Change in Your Financial Life
I’ve recently become enamored with the concept of incremental change, and how it impacts our financial lives. The idea resonates with me because it’s so simple: small steps, day in and day out, lead to HUGE change. Huge change (good or bad) comes from the compounding effect of all these little actions. James Clear talks […]
A Secret Wealth Builder: Health Savings Accounts
When people think about building a nice nest egg, creating a Health Savings Account is not the first thing that comes to mind. I find that a Health Savings Account, or HSA, is often an afterthought for a lot of people — if you’ve even heard about it. But an HSA is a really valuable […]
How to Build Wealth: Debunking Some Myths
One myth perpetuated by our culture is that in order to become wealthy, we need to get in on the next Instagram, pick stocks like Warren Buffett or have some miracle happen to us. While these fantasies can help us dream, they also can leave us chasing smoke and mirrors. The truth is that hitting […]
Making Compound Interest Work for You
Ever hear the motto — “make your money work for you”? What does that really mean? Talking heads and personal finance books all may advise you of different strategies for making your money work — investing in stocks, bonds or buying real estate. But underlying all of these arguments is a simple concept: compound interest. […]