Expecting a tax refund this year? If you are one of the people getting money back, why not use this as an opportunity to make a real difference with your finances? Below are seven unique ideas for turning your tax refund into a bigger paycheck, smaller bills, more money for the future, more peace of mind, or just a … Continue reading 7 Ways to Use Your Tax Refund to Level Up Your Finances
Category: Investing
The ONE Image That Shows How Investing Can Make You Rich
You’ve probably already glanced down and seen the image and thought, “What’s so special about that?” But let me break it down for you and you will see the incredible power that this image represents. This is a graph of what happens when someone invests $160 per month for 45 years (such as from age … Continue reading The ONE Image That Shows How Investing Can Make You Rich
How To Make Your Graduate a Millionaire
Looking for a unique graduation gift? How about one that can make your graduate a millionaire? Does it sound impossible? Well, the thing you have to remember is that your high school or college graduate has one very important thing that you don’t have – a lot more time. That means there is time for … Continue reading How To Make Your Graduate a Millionaire
What Is a Roth IRA and Why Should I Care?
For most of my adult life the term “Roth IRA” was one of those things that I would hear people mention, and I would nod knowingly, pretending I knew what it was when I actually had no idea. Which is unfortunate, because while I was busy looking at the Walgreens sales flier trying to save … Continue reading What Is a Roth IRA and Why Should I Care?
Turn $312 into $600 with 401(k) Magic
So, your financial coach tells you that you should be putting $600 per month in your workplace 401(k)—but you don't know where the money is going to come from. Enter … 401(k) magic! First of all, 90% of companies with 401(k) plans will match employee contributions, and the most common option is to match 50%. … Continue reading Turn $312 into $600 with 401(k) Magic
Two Numbers That Can Help You Understand Your Retirement Fund
56% of workers in the U.S. contribute to a workplace retirement plan. However, most people just leave their retirement savings in the default option their company picked out for them. But is that really the best choice?
Can $10K Make a Baby a Millionaire?
The short answer—yes! If you invested $10,000 at 9% when a baby was born, and never added another penny, they would have $1.1 million at age 55 and could retire early! When you have long periods of time — like 55 years — the results from compounding interest seem almost hard to believe. That being said — why don't people … Continue reading Can $10K Make a Baby a Millionaire?
Book Review – The Little Book of Common Sense Investing by John C. Bogle
John C. Bogle is the founder of The Vanguard Group and “father” of the index fund – two remarkable things that helped revolutionize the world of investing. His book has only one theme – that everyone should be investing in low-cost index funds instead of trying to beat the market by picking and choosing stocks. … Continue reading Book Review – The Little Book of Common Sense Investing by John C. Bogle
Is Five Years Costing You Half a Million Dollars?
I wish I could get into a time machine and tell my younger self … start investing now! The effect that time has on investments is so incredible that even just starting small, I probably could have retired at 42 instead of 52! Not sure what I mean? Here’s an example: At age 30 Jane starts putting $250 per month into an index fund in her company’s retirement plan