Build Financial Wealth

[Guest Post] Key Tips On How To Build Financial Wealth For More Money To Retire On

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Most people don’t want to work forever. At some point in their lives, they hope to retire – or at least have the option to retire. Unfortunately, there are too many people who think that they’ll never accumulate the wealth that they need to retire. Others get wrapped up in gambling or other get-rich-quick schemes, hoping to skip the years of hard work required to accumulate sufficient wealth to have financial independence. While everyone’s background and financial situation is different, what follows are several tips that can help build wealth over time, moving you closer to financial independence and potential retirement. Pay yourself first. Everyone should be saving a portion of each paycheck that they get. This money should be …

Best Checking Accounts

[Guest Post] Take it to the Bank: The Best Checking Accounts in 2017

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Over the last decade or so, the banking industry has grappled with all-time low interest rates, a languid economy and tough regulations. Against this backdrop, the going has been tough for most banks. However, banks are now getting proactive and reshaping their financial priorities to enhance their performance. In a nutshell, they are looking to make things “better and “safer” through better risk management and sound strategic planning. Clearly, your priorities should be no different, especially at a time when financial uncertainty is the only constant. Features Offered By the Best Checking Accounts Unless you’re comfortable stacking money under your bed, you’re going to need a checking account. Put simply, a checking account is an account that that allows you …

Welcome to Adulthood

[Guest Post] Welcome to Adulthood

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It’s summer time and I’m making an active effort to unplug more than I have in the past. So, you will notice a few more guests posts than normal. I appreciate all of the other bloggers, freelance writers, and readers that have raised their hand to help keep the blog alive and well over summer. I hope you’re also taking some time this summer to unplug and enjoy a bit. Just Graduated? Here is the Financial Information Needed to Take the Next Step By Laur Davidson, newly graduated freelance writer Ah, so you are about to enter the real world. Well, congratulations. It is time for you to enjoy the first few days before the reality sets in and you …

Help Me

From the Mailbag #2 – I Want More, Can You Help?

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One of the biggest joys I get out of this blog is receiving emails from YOU the reader. Sometimes it’s an email thanking me for the inspiration that has led to financial epiphanies in YOUR own life. Other times it’s an email asking for guidance (I don’t give advice, just ideas, a little CYA). Recently a reader (Scott) reached out to me, explaining his current situation, and like many people out there he wants more for his family. The difference is he is taking the first step by acknowledging he is not where he wants to be. And by sending me an email asking for guidance, he hast taken the second step. Now Scott has the last and most critical step, …

Lending Money to Family

[Guest Post] To Lend or Not to Lend: How to Know When to Give Money, Lend It or Say No

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Someone you’re close to asks you for money. Many of us have found ourselves at this crossroad at some point. These are typically trying times when you’re torn between extending financial help to a loved one or sticking to your guns to avoid an uneasy or strained relationship in the future. They say that money and friendship rarely mix, and this becomes evident when a close friend or family member asks for a substantial sum of money. Knowing how and when to draw the line between financial responsibility and family expectations can save you a myriad of potential personal problems. In fact, according to The Simple Dollar, the bitter truth is that regardless of the nature of the outcome or …

Can the good times last?

Can These Good Times Last Forever? What Happens If The Music Stops?

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Most people who know me well would likely describe me as a super optimist and that’s the way I prefer to live life. The alternative is to be a Negative Nancy and the energy drain to you and everyone else around you is exhausting. I tend to believe that OPTIMISM actually CREATES ENERGY, EXCITEMENT, and PASSION. I would go as far as saying that optimism is the path to happiness and fulfillment in life. On the flip-side of the coin, PESSIMISM is the ULTIMATE DESTROYER of all the good things in this life. Therefore, pessimism is the path to depression and disappointment. What path would YOU rather be on? The key thing to realize is that the CHOICE is yours to make. If you choose the former (to …

Prenump

[Guest Post] Is Getting a Prenup a Wise Financial Decision?

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Today we have a guest post on the topic of prenups, a topic that has the potential to sour the romantic nature of relationships. I still remember a guest that attended my wedding reporting back to me that my grandmother had just said “I hope he got a prenup.” The funny thing is most people probably misunderstand exactly what a prenump is and what it does. My grandmother also didn’t realize that my newly wife was actually bringing more financial assets to the relationship than I was at that time. My wife and I never really had a reason to consider a prenump, because neither of us had much in the way of assets, and everything we did build in …

roboadvisor

[Guest Post] Polaris Portfolios – Innovative Investing Towards Financial Freedom

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Today we have a gust post submission form Mike McDermott, cofounder of Polaris Portfolios. Mike reached out to me a few months ago to pick my brain about personal finance and roboadvisors. I admitted to him that I didn’t know much about roboadvisors and haven’t written anything due to my lack of experience putting any money to work with a roboadvisor. Shortly after connected on email, we jumped on a call. I shared my journey creating the blog and then he shared with me what he and his cofounder Evan had been up to over the last 18 months. Below is their story and a little bit about the new roboadvising firm they have created. This is not a sponsored …

Helping Family

Helping Family with Financial Issues

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Back in August of last year I published a rant post about co-signing for friends or family on loans. Okay, it was a rant, and going through the details of what went down the time I tried to help my dad out, got me all fired up. By the end of the post I was so angry that I declared it the last time I would ever co-sign for anyone ever again. Can you guess where this is going? Yep, I decided to break my promise, and help my 26 year old brother out. The Back Story My brother totaled his car about two weeks ago. He was driving home from work when his steering locked up and caused him to …

The Green Swan

[Guest Post] How to Plan for Healthcare Costs

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Today I have a fantastic guest post from The Green Swan.  For those of you unaware, The Green Swan is a way of life designed for those who want to reach financial independence young and retire early.  The Green Swan recently published a book, be sure to check that out here.  Also, be sure to check out TheGreenSwan.org for his latest post. Healthcare is expensive and the way it is being paid for has changed substantially in recent years primarily due to the advent of the Affordable Care Act (Obamacare).  This can make budgeting and planning for healthcare related expenses more and more challenging for folks. Like many people, I like being able to budget out my expenses for the next year and have a …