Finance

Why should blue chip stocks be your starting point when creating a diversified portfolio and what exactly defines blue chip stocks? In this post, I...answer those questions and more.

Waiting a few months or years to receive your Social Security retirement benefit would increase the amount that you eventually receive and this would have a huge impact on your total lifetime benefits. Conversely, taking your benefit early would result in a reduced payment based on how early you do so. Here are the details to help you decide what to do.

You hear a lot about how great a Roth IRA is for saving for your retirement - after all, who wouldn’t want their money to grow tax-free and be able to withdraw it tax-free too - but there are some additional benefits to investing in a Roth IRA that exceeds just saving for retirement...[and this article] highlights 4...

Whatever the end goal of financial freedom looks like for you, there are a 5 simple key first steps that everyone must take to get there. All you need to do is decide that you are ready to transform your life for the better, and you will be well on your way to living the life of your dreams.

Albert Einstein once said that compound interest is the eighth wonder of the world yet, sadly, many people do not fully understand the power behind it. If they did, they might make smarter financial choices and see their finances improve almost immediately. In this post, I’ll walk you through the basics of compound interest and show you why you need to start taking advantage of its amazing power.

It seems that in order to live the American dream, you need to be super rich or gave a great credit score. Most people have ups and downs with their finances over their lives, however, and this can lead to a less-than-perfect credit score that can be difficult to fix. Many people speculate, though, that the way our credit is scored might be changing in the future so to be able to stay ahead of the credit game, we need to learn what the changes are going to be and how to keep up. Below are a few of the top predictions that most are making and how they can affect most people’s credit scores in their files.

People should be careful when applying the word “fiat” to currency/money. The word is routinely used to mean irredeemable or non-physical, but that’s not what it actually means.

Most people globally don’t really understand some of the central tenants to global monetary policy, nor do they understand some of the key concepts about retirement.

What does it mean to be wealthy to you? For many Americans, it can mean being able to leading a life that is stress free, while having “peace of mind”. Sounds pretty good, right? On the surface, that doesn’t sound too much like money is the focus. However, it could also be said that that same money, or perhaps, a lack of it, can lead to a certain stress factor.

The Financial Independence/Retire Early (FIRE) movement is hot right now. People working toward FIRE are hoping to retire in their 40s and, in some cases, even their 30s and, while the focus of FIRE is to produce financial freedom and not ascribe to a strict definition of the term "retired," it is a tantalizing goal many find worth chasing. However, if not properly planned, early retirement can be more of a burden than freedom. The earlier you retire, the longer your money has to last. Your life mitigation plan also has to be more solid and thorough than those who retire at the standard age. Below are 5 things that could derail your finances if you retire early.