Finding a good 401k investment strategy is an important decision that will impact you for numerous years. For most, their 401k’s will be the mechanism used to reach their financial independence. Accordingly, proper allocation of investments into a 401k is crucial. My friend and I were discussing 401k investments, when it struck me. Most people …
It seems crazy, but in just a few short months I will be 30 (30 is the new 20, right?!). The last decade included many of the biggest moments in my life – graduating from college, getting married, and the birth of my daughter to name just a few. But over the last 10 years, …
It is the start of a new year! As such, my annual financial planning is underway. If you’re like me, you have taken on the task of mapping out your annual financial plan. Undoubtedly, this short-term planning is crucial for long-term financial health. What is an Annual Financial Plan? Annual financial planning is a checkpoint …
I was still in grade school when I was confronted with the following question; “Would you rather have a million dollars today or a penny doubled every day for 30 days?” Little did I know at the time that a penny doubled every day for 30 days amounts to more than 5 million dollars. Of …
Are you affected by Lifestyle Inflation?In one of our previous articles, we discussed the frugal living. The major obstacle faced in living frugally occurs because of one’s lifestyle.Lifestyle inflation occurs when you increase your spending with a corresponding increase in your salary. Even though you are able to pay the increased bills, you are limiting …
We’re all motivated by money in some way. Whether we think it can buy happiness or we believe it’s the root of all evil, our money hang-ups – often formed in childhood – can really impact our financial lives as adults. The key is to recognize these inherent convictions and do our best to approach …
Investing in the stock market has always been one of the best ways to grow your wealth and maintain your money’s purchasing power over the long-term. While many people are aware of the potential that lies in investing in big companies that trade on the New York Stock Exchange and the NASDAQ, fewer are aware …
Types of Car Insurance: There are a number of different car insurance policies around and it can get confusing, but we will break it down and make it easy for you to pick the policy that suits you best.Generally, there are 3 types of auto insurance cover: comprehensive, third-party and third party (fire and theft). …
There are a few things that you need to acquire in order to physically start trading. The Hardware The first is a PC/Mac/Laptop/Tablet or even these days mobile device with an internet connection. Trading Account The second thing you need is a trading account. If you’re a normal resident in the UK then you have …
Penny stocks are low-priced shares that are not for everyone. Although penny stocks hold considerable potential to deliver instant and profitable rewards, they also bring many risks. If you want to explore the penny stocks territory, it is important to gear yourself up with the right knowledge and appropriate tools to trade these unique stocks …