investment expenses

I believe that cash flow is one of the most powerful concepts in personal finance. People tends to know how they feel about their personal finance — e.g., whether they are comfortable or are struggling. Unfortunately, not too many people truly understand cash flow and how important it is to your finances. When you understand [...]

Whether you invest in the stock market or not, bank accounts are a vital investment and savings vehicle. No matter how much or little money you have, everyone needs to set aside money that is guaranteed to be there when you need it. …

A mutual fund represents money contributed by multiple investors.  That money is managed by an individual, or more likely, a whole slew of individuals.  Not surprisingly, those folks who help manage and oversee your money do not do it on a volunteer basis.  They get paid.  Do you want to guess who pays them?  You [...]

While random chance plays its role in tax audits (sometimes there is just no way to avoid some sort of an audit — no matter what you do), there are some red flags that may prompt a closer review of your paperwork. Here are some tips for avoiding a tax audit.

Before you buy a home, you should obtain a pre-approval letter from the mortgage lender that states how much you’re eligible to borrow. This provides you with two important information: (1) the price range that you should be focusing on, and (2) the starting point for your monthly mortgage payments calculation. You can use an [...]

Today, I’d like to share with everyone blogs that I read and think you should check out.  For each blog, I will provide details on what is great about it so that you can understand better which blogs might be best for you.  I hope that the following blog recommendations will help you find additional [...]

We’ve all heard the stories of lotto winners who win millions, think they’re set for life, and then go broke within a decade. Or people who inherit large sums of money and end up in financial ruin, family feuds, or both. The word “windfall” can mean different things to different people — if you’re young [...]

I’m a firm believer that your 20s is the most important decade of your life financially.  This was a driving reason on why I chose to start my blog 20smoney.com.  This is a crucial decade; unfortunately, it is often the most abused decade as well.  Rather than saving, investing, and building a career, many 20-somethings [...]

One of the debates that goes on in the personal finance world revolves around the concept of whether or not some debt can be good. It is true that some debt (like a home mortgage) is viewed more favorably on your credit report than other debt (like a car loan). But, in practice, you are [...]

The young people today have a wide range of financial struggles. For the most part, young people have too much debt, bad spending habits, not enough savings and poor investing skills. Throw in today’s record unemployment for young workers and the result isn’t pretty. Most people would agree that investing should be a part of [...]