A lot of people dream of creating their own business. Not a lot of people act on it.
The thoughts around startup costs, the time commitment and the competition swirl in their heads until they are completely paralyzed. To combat the small business paralysis, I believe the budding entrepreneur should start off with an inspirational book. It’s a low-cost way (or no-cost way with the library) to take the first important step on your entrepreneurial journey.
Continue reading “5 Books To Inspire the Entrepreneur Inside You”
If you’re feeling like your financial advisor doesn’t have your best interest at heart lately, it’s time to move on. When they’re more focused on selling you products than ensuring your portfolio is earning at its optimum level, it’s safe to say that you have a salesman and not an advisor.
Continue reading “How to Leave Your Financial Advisor in 5 Simple Steps”
This month, my goal is to get my daughter Zoey focused on helping out more around the house. I remember when I was a kid, we had a chore chart list and if I completed all of my tasks, I would get an allowance. It helped me correlate hard work with reward. I want to do the same thing for Zoey.
Now, she’s only 5 years old so I can’t exactly get her to shovel the walkway or cut the grass quite yet. There are a lot of other age-appropriate activities for her though.
Nicole and I want Zoey to do certain chores around the house because she’s just a member of the family and that’s “what you do”. And there are other chores where she’ll receive money.
Continue reading “How to Create a Chore and Reward System for Kids”
Retirement Target Date Funds are rapidly surging in popularity lately. Investors are flocking to this “set it and forget it” retirement tool as an easy way to diversify their portfolio and eliminate the fees of working with a high cost broker.
Continue reading “Retirement Target Date Funds: Pros and Cons”
Over the last 6 months, we’ve reviewed a lot of ways that you can win with money. We’ve discussed debt elimination, investment strategies and how to increase your income. And today, we’re going to review a topic that is important to a lot of people out there. We’re going to chat about how you can have a career you truly love.
In 2014, Gallup reported over 1.3 billion people in the world have a full-time job working for an employer. Those 1.3 billion people (this includes me) work 8 hours per day, 5 days per week and at least 50 weeks per year. We give our lives to our careers. Some of us spend more time with our colleagues than our own families at times.
Continue reading “How to Have Your Best Career Today – with Mo Faul”
Lately, I’ve been taking Uber and Lyft to the airport for my work travel. It gives me 40 free minutes to relax, work or have random conversations with the drivers. One recent chat with a Lyft driver reminded me that loaning family money can cause more harm than good.
Continue reading “3 Smart Alternatives to Loaning Family Money”
A few days ago, I pulled up the tax detail on my paycheck to see how much I was paying to Uncle Sam. Since I don’t get paper checks anymore as it’s all electronic through my job, I tend to forget how much of my hard-earned money is going to the government.
Continue reading “My FICA, Federal and State Income Tax “Breakdown””
When my daughter Zoey was born we met with a financial advisor to discuss her future college needs. He advised us that for Zoey to attend an in-state college like Michigan State University, we’d be looking at a price tag of about $200,000. 4 years of college would cost us $200,000!
Since then, we’ve been diligently saving in our state sponsored 529 plan through low-cost index funds. But honestly we don’t feel like there is any way we’re going to be able to save that much money by the time she’s 18. And quite frankly, Nicole and I want to make sure we’re set for our retirement before Zoey and Calvin get a free ride to college. Sorry kids!
Continue reading “How to Get $126,000 in College Scholarships – with Jocelyn Paonita”
When our daughter Zoey was born, we purchased a boatload of baby products. Some of those items were extremely helpful and others not so much. Quite honestly, we were new parents and had no clue what we were doing, but we definitely learned quickly.
Continue reading “7 Essential Baby Products Worth The Investment”
Mortgages. Electric bills. Unexpected repairs. Owning a home can be quite expensive. Every day it seems like there is a new bill to pay or something to fix. Didn’t someone tell us owning a home was a great investment at one point in our lives? We are spending so much to maintain this “asset” that sometimes it doesn’t feel like it’s worth it.
I’d like to flip the typical script on costly home ownership and talk about ways that this asset of ours can make US some money.
Continue reading “Your Home Will Make You Money With These 3 Strategies”