Investing

Renting Out A Primary Residence Can Be A Terrible Idea

When my wife and I were in the process of selling our house in order to move into another house that was closer to work, I had more than one person tell me that we should rent out the house.  When…

What to Do With a Raise: The 1% Method

What to Do With a Raise: The 1% Method

Around this time of year, people start talking about raises at work. I wonder what our increases will be this year and Do you think it’ll be the same as last year? are phrases that you hear people pondering out loud.…

The F Word

The F Word

No, not that F-word.  I’m talking about fear.  Fear of missing out.  Fear of losing money.  Fear of investing in stocks, real estate, or a business. The type of fear that the phrase “past performance does not guarantee future results” creates.  That type…

Financial Advice That Lasts

Good advice withstands the test of time.  It will hold true now and in 200 years.  This also applies to advice on money and finance.  Markets change, recessions come and go, and so do companies.  Needless to say, it takes…

Stop Slacking and Create an ETF Portfolio (with Infographic)

In Phase 7: Save Outside Retirement Accounts, we talked about investing through the use of a taxable investment account. In that article, I strongly advocated for a low-cost, automatically-balancing mutual fund, like Vanguard’s LifeCycle funds. I’ve been hiding something though: there…

The Stealthy Wealthy and Millionaire Imposters

There is a secret class of people hiding in plain-sight.  The stealthy wealthy.  The stealthy wealthy are the high net-worth individuals that would never let you know about it.  They choose to drive a Camry over a Porsche.  They are probably–though…

Pensions and Your Retirement

We’re going to go over how to save for retirement if you have a pension.  Just a little disclaimer: This strategy is no doubt from a more conservative saver’s point of view.  I tend to be a little less trusting of defined…

Dominate Savings with Automation

When browsing the questions on /r/personalfinance, I’m always shocked to see how many posts there are asking about how to save money.  What they should be asking about is how to save money automatically. I almost never take part in the act…

Phase 7: Save Outside of Retirement Accounts

Phase 7 is all about how to save outside of retirement accounts.  You’ll be making similar investments, but they won’t be locked away in an account that you can only access once you’re 59-1/2 years old.  This type of account is simply…

Phase 6: Bump Up Your 401(k) to 10%

If you’ve made it this far, you’re kicking some serious financial butt! Pause a moment to think about it. You created–and hopefully stuck to–a lean budget, began contributing enough to your 401(k) to get your employer’s full match, paid off…