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I can’t quite believe it, but I’ve been running this site for 5 solid years now and I’ve written over 1,425 articles during that stretch! When I hit milestones like this, it’s often fun to reminisce and think back to the early years.
I officially purchased the LifeAndMyFinances.com domain name on August 28th, 2010. I remember working for dozens of hours over the weekend to try and figure out how to register . . . → Read More: 5 Year Anniversary Giveaway – Win a Free Personal Finance Book!
There are a few basic concepts every good investor must understand. These concepts include dollar-cost-averaging, risk tolerance, expected return, and dividends. Grasping the idea of dividends is confusing for many. Some people look at it as income. Other people (like Warren Buffett) don’t care about dividends whatsoever. Others, like this guy, believe dividend income is an important part of financial freedom.
The final group of people are those who don’t give dividends the time of day. They passively reinvest them.
As you can tell, there are many ways to approach the subject. My goal with this article . . . → Read More: 3 Reasons for Reinvesting Dividends
Are you trying to find a deal on real estate? With the housing market so hot these days (see the national housing trend below), it can seem almost impossible to find a deal on real estate, but no matter how hot the market may be, there are still plenty of ways to find yourself a deal.
10 Ways to Find a Deal on Real Estate
Some people walk through a house and everything has to be pristine for them to even consider purchasing it. This is most certainly NOT how to find a . . . → Read More: 10 Ways to Find a Deal on Real Estate
Want to read the absolute best personal finance posts from last week (well, besides what I already have on my site of course )? Look no further than this post. I have personally read through dozens of personal finance posts this past week and hand selected the top 5 articles for your enjoyment. Take a look at the list below and let me know which one you liked best!
Converting Net Worth Into Cash Flow
- by FI Fighter – This is really the key for anyone that’s trying to retire. If you don’t feel to comfortable with drawing your . . . → Read More: Top 5 PF Articles Last Week
I recently read the 8 smartest things to do with your money on Business Insider and instead of being encouraged I finished the article overwhelmed. All of these financial suggestions are wise but how do you prioritize them? Some are obvious like taking the free money your company offers with a 401k match, but what about the less obvious ones? After thinking of my own situation, I came up with 3 questions that can help you prioritize financial goals:
1. What is YOUR plan?
I feel the pressure to invest in a Education Savings Account (ESA) for each of my . . . → Read More: 3 Questions That Can Help You Prioritize Financial Goals
At the age of 27, I proclaimed that I would retire by 34. A pretty crazy proclamation I know, but I had a plan: I would live frugally, invest, and also build up my website to be one of the top blogs in the nation, making it worth $1,000,000 or so. I would then sell the site, live off that million bucks for the next 30 years, and at that point start drawing from my retirement account.
This idea sounded pretty rock solid at the time (blogs actually do sell for millions of dollars by the way), but as many . . . → Read More: Should I Pursue an Executive Career or Financial Independence?
The latest changes to workplace pensions mean every employer now has to contribute to staff pensions. Before June 1st companies with less than 30 employees were exempt from the auto-enrolment scheme, but this has now changed. Which means, even if you hire a nanny or a carer, you will need to contribute to their pension as an employer.
Figures suggest this is causing small business owners a real headache though, with 44% of employers still unprepared or confused about auto enrolment. It doesn’t help that the process is typically confusing – as with most financial regulations – especially when hefty . . . → Read More: Providing Pensions for Your Employees Under the New UK Regulations
This past week has been a little crazy with the stock market, and your head is probably swirling with questions about your retirement fund, your overall wealth, and the future of this uncertain world we live in. Take a deep breath, don’t do anything drastic, and read a few of the articles below. Not only will they help you sort out your life a bit, they’ll also calm you down about your current situation. Lean back, click on a few articles, and enjoy the reads.
1) I Defaulted on My Student Loan – Here’s My Story
- by LearnVest – . . . → Read More: Top 5 Articles About Your Current Wealth
The average wedding today costs $31,213. Talk about getting ripped off! Yes, I know it’s one of the most important days of your life and we all want our wedding to be more beautiful and memorable than any others’, but $30,000?? Really? Think of what else $30,000 can buy these days:
10 dependable used Honda Civics (my most favorite car ever) 4 years of college education ($30,000 is the average student loan debt today) a 40% down-payment on a house in West Michigan a 42 foot vintage Chris Craft yacht could feed, clothe, and shelter a developing country family for . . . → Read More: 14 Simple Ways to Save Thousands of Dollars on Your Wedding
Are you losing money without knowing it? What hidden costs aren’t you aware of? I can think of five.
Almost all of us have little things that we spend on, even when we think we shouldn’t. It’s easy to see that switching take-out coffee for coffee at home will save you money. However, many money decisions aren’t as obvious. Without taking a closer look, you’ll miss out on money that could be helping you reach your financial goals. These hidden costs add up to a serious chunk of change.
Here are five hidden costs that are likely . . . → Read More: Five Ways You’re Losing Money and You Don’t Know It