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 Not only is there a tax deduction involved, but the money can be withdrawn tax-free at anytime, as long as you use it for qualified health care expenses.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
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
When you own a business, you don’t have the luxury of benefits from “the man.” You need to create your own benefits package when self-employed. When you own a business, you lose the benefits that are often associated with working full-time for someone else. It’s one of the challenges of being self-employed. This doesn’t mean
Now that the year is coming to a close, it’s time to think about your financial task list. Check out my end-of-year financial checklist to help you get things squared away. Welcome to December, my friends. I’ve been paying the ADHD tax this year, but I’m trying to get back on track. And part of
We hear a lot about how a successful home business owner needs to get up bright and early. But what if you aren’t a morning person? I used to be an early riser. But that’s changed in recent years. These days, I like to stay in bed reading before I get up and move through
My favorite money tools and resources all in one post for you dive into.
