2018 Financial Moves

2018 Financial Checklist – 12 Steps To Strengthen Your Financial Future

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Being the new year and all, I thought it would be appropriate to put together a checklist for those that want to improve their financial situation in 2018 and beyond. The reality is that if you don’t take action now, you likely won’t take action later. Remember that building wealth in order to achieve financial freedom is the direct result of simple disciplined steps made consistently over time. Notice that these are not “goals,” but rather a list to follow of 12 EASY ACTION STEPS you can take to ensure your financial house is built on a solid foundation. I’m making it super easy; you can take just one action step a month through the end of the year and complete the whole list. And …

Warren Buffett

Warren Buffett And I Share Our Thoughts On Life and Debt

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In this Warren Buffett series, I have pulled out a few sections from the 50 years of Berkshire Hathaway Letters to Shareholders that I recently finished reading. Although the entire series was filled with a ton of business and investment wisdom, all the pieces that I have pulled for this series are from the past seven years. I will admit that it is probably due to a recency bias, whereby after reading almost 700 pages, I remember more of the recent stuff than older. Needless to say, you bet I will be reading through those letters again in the future. This particular piece came from the 2010 shareholder letter. The pieces I have pulled out are sections that resonated with me. So, …

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 …


[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 …


[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 …