20+ Ways to Invest Outside of the Stock Market

invest outside of the stock market

Within the span of just two years, the Dow Jones Industrial Average jumped from $15,974 to $26,617 – an increase of 66%!! Since then, it has done absolutely nothing. In fact, it has actually gone down a bit and remained down. Most of the experts are confident that the stock market will continue to grow throughout 2018 and beyond…which is exactly why I am concerned.

It’s kind of like the weather report in West Michigan: whatever the meteorologist predicts, expect something totally different. Similarly, when the financial experts see no reason for the market to take another dive, that’s typically when it falls off the cliff.

If you hold my pessimistic sentiment on the stock market (and if nearly all of your retirement is in your 401k or IRA), then you’re probably looking for ways to invest outside of the stock market. Most blog posts out there give you . . . → Read More: 20+ Ways to Invest Outside of the Stock Market

Is Home Ownership As Great As It Seems?

home ownership as great as it seems

You’ve probably seen all of the “get rich by investing in real estate!” posts while scrolling through social media the last few years. You also most likely heard the argument that most millennials can’t buy houses because they splurge on avocado toast (newsflash, that’s not the reason). But in a time where many people can barely afford to put a down payment on a house, let alone pay for all that a house needs, is home ownership as great as it seems?

Is Home Ownership As Great As It Seems?

This post has been written Kimberly Studdard

We’ve long been a society where home ownership is the epitome of “making it” in America. If you own a home, your life is perceived to be stable and your future is bright…but not everyone shares this viewpoint any more.

But why?

Let’s dive into the details. Is home ownership as great as . . . → Read More: Is Home Ownership As Great As It Seems?

Why You’re Money Hungry But Still Poor as Dirt

money hungry

When you’re money hungry it is easy to see ways to save and make money everywhere. It’s like seeing the world through those obnoxious dollar symbol glasses.

Unfortunately, the money hungry aren’t seeing the dollar signs falling from their glasses into their pockets. As cliché as it may sound when it comes to money it’s imperative we work smarter not harder.

Why You’re Money Hungry, But Still Poor as Dirt

This post has been written by Brandon from 30and0.com.

We can all agree that The Beatles are considered one of the greatest bands of all time, right? Once they hit the scene they set the music world on fire and outsold every artist that dared to hum a tune in the 60’s.

Actually that’s not true.

They were outsold in 1967 by the Monkees. In fact the Monkees outsold The Beatles AND The Rolling Stones COMBINED in 1966 & 1967. . . . → Read More: Why You’re Money Hungry But Still Poor as Dirt

Project House Update!! Photos, Expenses, and Projected Rental Income!

project house update - never flip another house

Liz and I have had a financial (real estate) plan since before we got married. It went something like this:

I pay off my house She sells her house We get married (and move into my house) Use the equity from her house and cash that we’ve been saving (this didn’t take long since we were both working and our expenses were practically nothing) to buy a cheap $80k rental house with cash Fix it up, rent it out, then save up another $80k (over the course of roughly 2 years) to buy another rental house…fix it up, rent it out Save up aggressively to buy our long-term primary residence – one with acreage, 4 bedrooms, and 2 bathrooms, and a nice barn for my wife’s future horses

So far, we’re doing pretty good! We’re on step 5, fixing up rental property #2 and hopefully finishing everything by the end . . . → Read More: Project House Update!! Photos, Expenses, and Projected Rental Income!

13 Reasons You’re Still Not Investing For Retirement…and How to Fix It!

still not investing for retirement

1 in 3 Americans have $0 saved for retirement. Well that’s a pretty scary stat! Unfortunately, there’s more where that came from! Did you know that 56% of Americans have less than $10,000 in their retirement?? 56%??? Yikes!

It seems like no matter how many financial advisors scream from the rooftops about the importance of investing, there are still plenty of people that are just not saving for their retirement.

13 Reasons You’re Still Not Investing For Retirement…

So what gives?

What is so important that people can’t scrounge up a few bucks a month to put toward their retirement funds?

1) Believe They Don’t Earn Enough to Invest

The median household income is $57,617 per year. After you take out living expenses, vehicle costs, food, and clothing, there’s honestly not that much left. Heck, once you start thinking about investing, something else seems to break that costs you thousands . . . → Read More: 13 Reasons You’re Still Not Investing For Retirement…and How to Fix It!

When Can You Withdraw From Your 401k? (…and When Should You?)

whole life insurance sucks - loans

You’re smart. You’ve been putting money away into your 401k for years and it’s actually starting to turn into quite the pot of gold! But…then life happened and you could really use some money…and fast. You don’t have much in your savings, and you probably don’t have enough time to earn the money….so it’s leaving your wondering, “When can you withdraw from your 401k?…and should you??”

When Can You Withdraw From Your 401k?

You’ve heard it again and again:

If you withdraw money from your 401k before the age of 59 1/2, you’ll be taxed and penalized.

But is that really true??

Not always.

In fact, there are quite a few circumstances where you can withdraw from your 401k without penalty (but of course, you’ll still have to pay the income tax). Take a look at all the scenarios below where the government actually can’t penalize you . . . → Read More: When Can You Withdraw From Your 401k? (…and When Should You?)

Investing After 50: How and Why to Start

investing after 50

When you think about retirement, you may think of living it up on a nice beach, volunteering when you want to, sleeping in, and just relaxing. However, would you believe that 45% of Americans, and 40% of baby boomers have $0 saved for retirement? If you are investing after 50, it may seem hopeless to retire well, but all is not lost. Let’s learn how you can still prepare for retirement, even your later years.

Investing After 50: How and Why to Start

This post has been written by our talented staff writer, Kimberly Studdard. It may contain affiliate links.

Sure, you’re over 50, but you can still build up a nice chunk of change in retirement! Check it out!

1) Know Where You’re At

When you are investing after 50, the most important numbers to know are:

how much you currently have saved, and how much you will need . . . → Read More: Investing After 50: How and Why to Start

What’s the Difference Between a Bear Market and a Stock Market Correction?

stock market correction

When it comes to stocks, investors tend to want to see one thing: the price of their shares going up and up. Unfortunately, continuous upwards growth isn’t always possible, and sometimes the market takes a dip.

In some cases, that dip will cause a fair amount of panic among investors. But those who are in it for the long turn should know that a drop in the market isn’t always a reason to panic. In fact, the occasional fall isn’t just typical, it’s to be expected.

Related: What Happens if the Stock Market Crashes? Is Your Money Safe?

Difference Between a Bear Market and a Stock Market Correction?

Whether you are working with a professional advisor or not, part of smart financial planning involves being able to recognize the differences between a natural correction in the stock market and an actual bear market. Here’s what you need to know.

. . . → Read More: What’s the Difference Between a Bear Market and a Stock Market Correction?

Your House is a Terrible Investment

house is a terrible investment

“Want to be wealthy? Then you should buy yourself a house!”… said the person that knows nothing about wealth building. Sure, buying a reasonably priced house is often better than renting, but it’s not a wise investment. Truthfully, buying a house is a terrible investment – one of the worst that you’ll probably ever make.

Your House is a Terrible Investment

This post contains affiliate links.

“What do you mean, Derek? I was always told that it was wise to buy a house, and look at home prices today! They’re going up like crazy!”

Let me just jump into it with the facts here…

Average Home Appreciation

Since 1963, home prices have appreciated by an average of 5.4% per year. Sounds pretty decent right?

And let’s just say that in 1963 you bought your first house (assuming you were alive then…and if not, just humor me here. You’ll still . . . → Read More: Your House is a Terrible Investment

7 Great Ways to Find and Keep a Great Tenant

find a keep great tenants

People love the idea of having rental property and collecting all that money each month. So, what’s holding so many people back from actually becoming landlords? I’ll tell you what.

Tenants!

The proverbial “I don’t wanna deal with phone calls about a backed up toilet at 2 am!” is what comes out of people’s mouths when you ask them why they haven’t taken the plunge (no pun intended!) into real estate investing.

Or the another common concern goes something like this: “Didn’t you read that story the other day online? These renters had sheep, goats, chickens, & who-knows-what-not else living in the house! They completely destroyed the place & then disappeared. No thanks! I don’t need the headache.” And they walk away from one of the easiest ways they’ll ever have to make serious money in their lifetime without hardly having to lift a finger.

If you want to become . . . → Read More: 7 Great Ways to Find and Keep a Great Tenant