fbpx

12 Investing Mistakes I’ve Made, and How You Can Learn From Them

I’ve been investing since 1996. In the process, I have learned a lot, mainly from trial and error. I’d like to share my experience with you. Here are some of the mistakes I’ve made: Not investing soon enough — I have been working part-time since my first year at college in 1991. If I had … Read more12 Investing Mistakes I’ve Made, and How You Can Learn From Them

Should You Pay Off Your Rental Property Mortgage Early?

Should You Pay Off Your Rental Property Mortgage Early? 3

People are greatly divided on the topic of early mortgage pay off — some say it’s a good idea, others disagree. This topic is highly debatable because there are so many factors to consider, and even a slight change in one of these factors could swing the answer in one way or another. In any … Read moreShould You Pay Off Your Rental Property Mortgage Early?

401k Rollover Options: How to Transfer Your 401k Fund

When you leave a job where you have contributed to a 401(k) plan, you have three options for the money: Cash out your 401(k), keep it in your current plan, or move it to another qualified retirement account. A qualified retirement account can be your new employer’s 401(k) plan, a Traditional IRA, or a Roth … Read more401k Rollover Options: How to Transfer Your 401k Fund

3 Main Types of Deposit Accounts, Which One Should You Choose?

3 Main Types of Deposit Accounts, Which One Should You Choose? 7

There are three main types of deposit accounts you can use to save money for your financial goals. Depending on your needs, one or more of the accounts may be an ideal way for you to invest in the future whether you have specific financial goals or just want to build a suitable stash of … Read more3 Main Types of Deposit Accounts, Which One Should You Choose?

A Review of Dave Ramsey’s Baby Steps to Financial Freedom

A Review of Dave Ramsey's Baby Steps to Financial Freedom 10

Dave Ramsey’s Baby Steps is a financial plan designed to help you get your finances in order, get out of debt, and achieve financial freedom. Dave Ramsey has taught these Baby Steps to millions via radio, The Total Money Makeover, Financial Peace University, and on DaveRamsey.com. But how practical are these steps? I offer a review of each step in … Read moreA Review of Dave Ramsey’s Baby Steps to Financial Freedom

5 Preparation Tips to Buy and Sell a Home Simultaneously

Homeowners preparing to sell their properties and immediately buy new homes must carefully organize their plans to execute smooth transitions from owner, to seller, to purchaser. Prior to making offers on homes or listing current properties, review these five preparatory guidelines to get the greatest return on investments (ROI). 1. Shop Professionals Judging the complexities … Read more5 Preparation Tips to Buy and Sell a Home Simultaneously

How Big Should an Emergency Fund Be?

How Big Should an Emergency Fund Be? 13

No matter how much solid financial planning we put in, life cannot be reduced down to complete predictability. Indeed, there are always unexpected expenses, large and small, that can crop up. And, you never know when something catastrophic, like a major illness or a job loss, will happen. The reality of unexpected financial situations should … Read moreHow Big Should an Emergency Fund Be?

Lending Club: My Real Money Peer-to-Peer Lending Portfolio

Lending Club: My Real Money Peer-to-Peer Lending Portfolio 15

At the end of May 2013, I started a $1,000 investment account with Lending Club and I’ll be updating you on the progress on a regular basis. This is not my only investment with Lending Club, but I want to create a publicly tracked portfolio and share lessons that I learned with you. Note that … Read moreLending Club: My Real Money Peer-to-Peer Lending Portfolio

The Best Investment Accounts for Different Asset Classes

The Best Investment Accounts for Different Asset Classes 17

Because of the different ways the Internal Revenue Service (IRS) taxes certain types of investment income, some investments are better held in tax sheltered plans while other investments work better in non-sheltered plans. As a general rule, investments that provide predictable income streams, like interest and dividends, need to be in tax sheltered plans to … Read moreThe Best Investment Accounts for Different Asset Classes