Personal finance
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Navigating a Hot Housing Market: Expert Tips for Homebuyers
You’re looking to purchase a house, but the competition from other buyers is fierce. Sellers are accepting offers quicker than you can write one. And every house you’ve looked at is sellin
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Student Loan Payment Restart 2023: What You Need to Know
One of the first actions the federal government took after the breakout of the COVID-19 pandemic was to suspend student loan payments. All federal student loans were placed into forbearance, and the i
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Understanding High Net Worth Individuals (HNWIs): Definition & How to Achieve It
You may have heard the term high net worth individual, or HNWI (not to be confused with a HENRY). In this article, we will: Define a high net worth individual Explain how HNWIs are determined Give ti
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Generational Wealth: Insights from 7-Figure Business Owners on Building Wealth for Future Generations
I have a passion for education around generational wealth. Why? An estimated 70% of generational wealth doesn’t make it past the second generation. According to the Institute for Policy Studies,
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Financial Advisor Fees: Understanding Costs & Options
Many investors who aren’t comfortable with a “do it yourself” approach to investing decide that they’re better off working with a professional financial advisor. How much does a financial advisor cost
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Debt Payoff Calculator: Snowball vs. Avalanche Methods
When you’re working to pay off debt, it can be difficult to know where to start. You can use this debt payoff calculator to choose between two popular debt payoff methods: the debt snowball and debt a
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Emergency Fund Size: How Much Do You Really Need?
Keeping emergency fund cash on hand is good — but maximizing return is still important. So, how much should you have in an emergency fund? When it comes to emergency savings, there are varying o
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The YOLO Economy: Career Shifts & the Future of Work
In April 2021, the New York Times published an article dubbing the wave of employees leaving their longtime career paths as the “YOLO economy.” YOLO (an acronym for “you only live once”) became popula
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Financial Abundance: 20 Powerful Money Affirmations for Success
Imagine approaching financial planning with a positive mindset. When you budget for the month, you treat it as an act of self-care. When you map out long-term goals like retirement, you envision what
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Key Financial Principles from Rich Dad Poor Dad: A Comprehensive Guide
Most of the lessons taught in the “Rich Dad Poor Dad” book series are somewhat unique. This is because the book provides a new perspective of looking at finances. In this article, we will ha
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Pay Yourself First: Achieve Financial Goals with This Simple Principle
Millions of well-intentioned people around the world try to save and invest money every month but fail. They are consistently unable to hit their financial goals and their savings targets. As a result
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Understanding the Core Principles of Rich Dad Poor Dad
The domain of personal finance is exceptionally wide. There are lots of experts who have differing opinions, who coexist in the personal finance arena. However, in the early 2000s, a relatively unknow
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Beyond 10%: Modern Strategies for High Savings Rates
Traditional financial advice has always suggested that people should save 10% to 15% of their income for retirement purposes. However, financial planners now consider this as outdated advice. This is
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Financial Independence, Retire Early (FIRE): A Comprehensive Overview
In the previous article, we learned about financial freedom or financial independence. However, in the traditional financial planning world, financial freedom was only considered to be a goal that is
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Understanding Financial Freedom: A Path to Achieving Your Goals
Every activity done by human beings is generally linked to a larger goal, a pursuit to achieve something important in life. Financial planning is also not very different in this regard. The month to m
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Zero-Based Budgeting with Envelopes: A Simple Guide
Budgeting is the start of all financial planning. Till a person is not able to take full control of their most powerful wealth-building tool i.e. their income, they will not be able to obtain personal
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Tax Planning Mistakes: Avoid Costly Errors & Maximize Savings
Tax planning is a complex activity. It is often said that taxes are the number one expense for every middle-class American household. The same situation may also be true in a lot of other countries. T
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Financial Planning for Small Business Owners: A Practical Guide
There are several books that provide information about how finances should be managed at a personal level. However, almost all of those books are written from the point of view of people who have a sa
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Unlock Your Financial Potential: Understanding Earnings Power
The United States of America is full of people who have huge student loan debt, credit card debt, and mortgage debt. There are many reasons which can be attributed to this massive increase in personal
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Auto Loans: Are They Bad for Your Finances?
Personal finance gurus seem to have differing opinions on many subjects. Some of them believe that mutual funds are good investments whereas others think the exact opposite. They seem to agree on very
Personal finance
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- September Job Growth: Private Sector Adds 568,000 Positions - ADP Report
- Financial Freedom: 4 Steps to Break the Paycheck-to-Paycheck Cycle
- Understanding Mortgage Rates: Factors & Trends
- Net Worth in Your 50s: Understanding Average Wealth & Building for the Future
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New Jersey Unemployment Benefits: Eligibility & Application GuideLost your job in the COVID-19 crisis? Heres what you need to know about unemployment be...
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Understanding and Calculating Beta Debt: A Comprehensive GuideA risk premium gives the creditors a chance to see if the investment is worthy. Beta debt or (debt beta) measures the risk taken by outside creditors. During an investment, the creditors will...
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403(b) to IRA Rollover: A Comprehensive GuideIf you’re changing jobs or retiring from the public sector, you may be considering what to do with your 403(b) retirement account. One option is to roll it over into an IRA, or individual retiremen...
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Personal Financial Assistance Grants: What You Need to KnowIf you need a little financial assistance to get through tough times, you may have heard that the U.S. government has a host of grants available to help you out, but this is only partially true. The g...