Many people have the perception that investing is a complex activity that requires intimate knowledge of financial instruments and markets. Surprisingly though, anyone who can read and grasp basic mathematics can achieve lucrative returns from investing. Like many beginners, I assumed I had to partake in active investing and timing the market to build wealth.Continue reading “Passive Investing For Beginner Investors”
Tag Archives: Personal Finance
5 Smart Money Moves To Make In Your 20s
The financial decisions you make in your 20s can have a big impact on your future. While you figure out what you want in life, this decade presents a good opportunity to start building the foundation of a good life in the future. Yes, you’ll make mistakes but the lessons you learn will allow youContinue reading “5 Smart Money Moves To Make In Your 20s”
Cost Of Renting vs. Buying A Home
65.8% of Americans own their home. However, that number shrinks to 52% for millennials. This number is so low because, unfortunately, the price of housing increased at an exponentially higher rate than income. The rent versus buy decision, therefore, has greater consequences for millennials. Below are costs millennials should consider when looking at the costContinue reading “Cost Of Renting vs. Buying A Home”
Steps To Achieve Financial Fitness
Financial fitness looks different for everyone because everyone has different life goals they want to achieve. Regardless of your current situation, however, the steps to achieve financial fitness are quite consistent. Applying these steps consistently over the long-term can result in significant life changes. Here are 7 essential steps to achieve financial fitness. Set SMARTContinue reading “Steps To Achieve Financial Fitness”
What Happens If Your Bank Fails
The U.S. Banking Industry is on high alert right now. After 3 regional bank failures this month investors, regulators and depositors have started to worry if the banking industry can hold up to the pressures it is currently facing. Thanks to the FDIC and the Federal Reserve, small and regional banks are getting help toContinue reading “What Happens If Your Bank Fails”
Treasury Investments For Beginner Investors
If you’re looking to diversify your portfolio look no further than U.S. treasury savings bonds. These bonds are highly liquid investments that promise generous returns even in times of high inflation. Like we are experiencing now in the U.S. A big advantage of treasury savings bonds is that returns are guaranteed. That is, they areContinue reading “Treasury Investments For Beginner Investors”
There’s Still Time To File For NJ ANCHOR Property Tax Relief
Do you rent or own a home in New Jersey? If yes, here’s some good news! There’s still time to file for NJ ANCHOR property tax relief. What Is ANCHOR? ANCHOR is the Affordable NJ Communities for Homeowners & Renters program. Enacted in June 2022, this program aims to provide homeowners and renters property taxContinue reading “There’s Still Time To File For NJ ANCHOR Property Tax Relief”
Savings Account Alternatives For Beginners
Today’s market volatility is the worst that it has been in over 10 years. The average investor needs to be more diligent and discerning when choosing their investments. The S&P500 index fell 19% in 2022. The worst performance recorded since 2008. The NASDAQ experienced an even worse performance with a loss of 33.1%. With lossesContinue reading “Savings Account Alternatives For Beginners”
Why You Should Pay Attention To The Federal Reserve
Last week the Federal Reserve Bank (Fed) raised interest rates by 0.25% in its efforts to combat the high inflation that the U.S. is currently grappling with. It is predicted that the Fed will continue to raise rates until there is some indication that inflation is easing. While many people do not pay attention toContinue reading “Why You Should Pay Attention To The Federal Reserve”
How To Avoid A High Medical Bill
An unexpected high expense is the worst thing to happen to someone trying to budget and get their life together. Healthcare costs in the U.S. are notoriously high. It is then no surprise that medical bills are listed as the number one reason the average American files for bankruptcy. Medical bills are complex. Unlike yourContinue reading “How To Avoid A High Medical Bill”