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.
How do you feel about renting forever? I’m in this debate, and, for me, it’s all about renting. Here’s how to decide where you should land in the rent vs. buy debate. Almost 10 years ago, I went from being a homeowner to renting again. (I was still married and my son was in middle
Credit cards often get a bad rap. In fact, with the right approach, you can integrate rewards credit cards into your spending plan. I love my rewards credit cards. I use them every day to build toward what I want in life, getting the most bang for every buck I spend. In fact, I can
Can’t pay your taxes? Don’t ignore the situation. Here are some things to consider as you move forward. Being unable to pay your taxes can be stressful. I know. I’ve been there before. When I first started my freelance writing career, I had no idea what I was getting into, tax-wise. And it was rough. I’ve learned a
Are you making investing more complex than it needs to be? Let’s simplify. One of the most reliable ways to build wealth over time is to invest. However, many people are intimidated by the idea of investing. How do you choose a good investment? And what happens if the market has problems? And, of course,
If you want to put your money to work for you, consider income investing to provide you with a regular revenue stream. When discussing the extremely wealthy paying a lower tax rate, we often refer to their effective tax rate. Folks like Warren Buffett talk about having a lower tax rate than his secretary because
The most common question I’ve been asked recently is this: How do I start investing? So here you go. My guide on how to start investing. With all this volatility and talk of an upcoming recession, the number one thing people are asking is this: How can I start investing? Even though the stock market
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.
