I will send you first to my ultimate guide to investing. This is a resource that lays out all the details and answers your most pressing questions.
It’s your best way to learn how to get started the way I did. Boring AF, yes. But its worked well over the years and I get straight to the point.
Before we go any further into my best money tools and resources, I want to first acknowledge that money is personal and you will have your own unique journey. No matter what your past money mistakes, I also want you to know that by being here you are taking the first steps towards your financial well-being.
Your best bet is to start with a robo-advisor and use index products. This is a good way to get a good start and begin building a portfolio while you learn about investing. Once you have a better handle on your risk tolerance, needs, and style, you can add individual equities, alternative investments, and try other assets to diversify your portfolio and add growth.
Business tax deductions can go a long way toward helping you reduce your liability. I have no problem paying taxes, but that doesn’t mean I’m going to pay more than I have to—especially when so much of what I send to Uncle Sam ends up paying for priorities I disagree with. As the year draws
Want a sweet last-minute tax break? Contribute to your Health Savings Account. I love my Health Savings Account. Not only is there a tax deduction involved, but the money can be withdrawn tax-free at anytime, as long as you use it for qualified health care expenses. You get a tax deduction, and your money grows
I travel much more than the average person. I’m often asked how I do it. Some of it’s my travel fund. But I also save money on travel through other strategies. I’ve never been much of a penny pincher. Even during the days I was forced to pinch pennies, I didn’t like doing it. I
It’s not often that we think of investing for short-term goals like a travel fund. Too often, that money sits in a cash account, earning meager interest. Back in 2015, I was able to make a fresh start with my life. As part of my overhaul, I also changed things up with my finances and
I love my Health Savings Account. I get the ultimate in tax-advantaged investing. There are three main, unavoidable forces eroding your wealth over time: Taxes Inflation Fees You can’t stop these forces from reducing your real investment returns over time, but you can minimize them. There are ways to reduce your exposure to inflation risk.
You’ll make better investing decisions if you understand your risk tolerance. “Know thyself” is one of the great admonitions of all time. Before you start investing, it’s a good idea to take a look at yourself and understand the level of risk you can handle. Once you understand your risk tolerance, you’ll make better investing
Even as you make investment plans for the future, don’t forget to invest properly in your best asset: You. As you prepare for the future, you know that you need to invest. Investing is one of the best ways to build wealth since it’s all about putting your money to work for you and taking
Even though it’s nice to think that your small business credit is completely separate from your personal credit, the reality is that your personal credit does matter. One of the essential pieces of advice given to just about anyone who starts a home business — or any type of business — is that you need
We hear a lot about the “minimum wage work ethic.” But what is it? And are we kind of missing the point? Because, if we’re being honest, that minimum wage worker is probably working harder than you. Right now, there’s a lot of talk about workers making more on unemployment — at least temporarily due
Business tax deductions can go a long way toward helping you reduce your liability. I have no problem paying taxes, but that doesn’t mean I’m going to pay more than I have to—especially when so much of what I send to Uncle Sam ends up paying for priorities I disagree with. As the year draws
Claim a home office tax deduction for the space used for your business. If you own a home business, one of the tax deductions you are eligible for is the home office tax deduction. The IRS terms this business use of your home. You can deduct the costs associated with your business in your home
As a freelance writer, it makes sense to diversify income sources. You never know when something will fall through or you’ll need extra cash. Here are some of the things I’m doing. When you have a variable income, developing different revenue streams can make sense. This doesn’t mean that you have to monetize everything you do. However,
My favorite money tools and resources all in one post for you dive into.
