Take control of your financial future
People love buying stuff! The thrill of getting new things releases dopamine in your brain and can make you good - even if it's just temporary. However, those purchases come with a cost - sometimes requiring a loan that turns into several years of debt. That can quickly turn that no purchase sour and make... Continue Reading →
You've probably heard more than once how important it is to save your money in a 401(k)-retirement plan. Traditionally, doing this will slowly build long-term wealth as your contributions get invested and grow thanks to the compound interest effect. However, is a 401(k) always the best route to go? Could there be times when other... Continue Reading →
It’s often said that money is something that will control you if you don’t learn to control it first. Lately, that’s something many people are finding out firsthand. According to a Mind Over Money survey from Capital One and The Decision Lab, 77 percent of Americans say they are feeling anxious about their financial situation.... Continue Reading →
When applying for any new line of credit, especially a major one like a mortgage or auto loan, the lender needs some reassurance that you’ll be able to make your payments. In addition to checking your credit score, another metric that they’ll be interested in is something called your debt-to-income ratio. This figure is simply... Continue Reading →
Setting up a new investment or retirement account is a fairly straightforward process. However, the hard part comes when you’re asked to pick which investments you’d like to have. There are literally an infinite number of combinations you could choose for your investment portfolio. So how is someone (especially a non-financial professional) supposed to know... Continue Reading →
According to a survey by the Alliance for Lifetime Income (ALI), nearly half of American consumers between the ages of 45 and 75 feel they do not have enough retirement savings to last their lifetime. While this could be attributed to many different reasons, one of the most prevailing may be in their approach. Retirement... Continue Reading →
Amongst the sea of social media influencers and Internet blogs, it's easy to get lost or misinterpret what it takes to truly build your wealth. You may think that achieving this goal would involve having a high paid job, becoming a stock-trading wizard, or shamelessly peddling random products online. However, those activities only contribute to... Continue Reading →
If you were one of the millions of Americans hoping that as much as $20,000 of your federal student loan debt would soon be forgiven, then I have bad news. On June 30th, 2023, the U.S. Supreme Court officially struck down President Biden’s student loan forgiveness program in a 6-3 decision ruling. Why? They stated... Continue Reading →
For the better part of the 2000s, investors have had virtually only one avenue for growing their portfolios: stocks. Or more precisely “equities”. This is a far cry from the 1980s and 90s when people who were risk averse could simply put their hard-earned money in the bank or a savings bond and collect a... Continue Reading →
Sometimes despite our best efforts to maintain a budget and properly handle our money, things can still get off track. Perhaps the credit card bill may be higher than we expected, or there isn't as much money leftover for our savings goals as we wanted. It's more common than you might think. According to a... Continue Reading →
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