How to Have a Healthy Conversation About Money with Your Spouse

Have a healthy conversation about money

Whether you’re preparing to get married or you’re celebrating your silver wedding anniversary, money will always be a challenge in your relationship. It can be the source of hurt, but it can also be the source of enormous growth. That growth begins with one healthy conversation about money at a time.

Did you know that the number one source of conflict in the first few years of marriage isn’t in-laws, children, or religion? It’s money.

Also, the more debt brought into a marriage, the greater potential for strife. How many young couples do you know who are crazy about each other, but they’re tying the knot with six figures worth of combined student loan, credit card, and/or auto loan debt?

Perhaps that describes you? Now, you may be wondering how you’re supposed to tackle such a mountain, let alone develop healthy communication skills about finances. Here are seven nuggets of . . . → Read More: How to Have a Healthy Conversation About Money with Your Spouse

6 Reasons to Start a Blog in 2017

Start a Blog in 2017

It’s time to stop making excuses. You know that you’ve wanted to start a blog for years, but you’ve continued to tell yourself the following lies:

I’m too busy It costs too much money Nobody’s going to read my stuff I can’t build a webpage – I can barely log into my email!

Lies, lies – every one of them! In fact, let me quickly dispel them one at a time here:

I’m Too Busy

How many hours of TV do you watch per day on average? 2-3 hours? Cut your cable and subscribe to Netflix for $10 (if you MUST watch something). There, not only did I just free up 20 hours of your life each week, I saved you $100 a month.

It Costs Too Much Money

Starting a website costs just $23.88 for your entire first year. That’s less than $2.00 per month. I’m pretty sure you . . . → Read More: 6 Reasons to Start a Blog in 2017

Run Toward What You Love, Not Away From What You Hate

Run Toward What You Love

There’s an epidemic going around the blogosphere these days. Its basic premise is this: “Work hard for just 5 years at a job you hate, save up a ton of money, and then you can quit and retire forever.”

It’s spoken by individuals like Mr. Money Mustache and Jacob from Early Retirement Extreme – not to say that they’re lying, they’ve actually done it. They’ve scrimped and saved and invested heavily (and I mean EXTREMELY heavily – like 75%-80% of their income), and they’ve been able to retire long before their 40th birthdays.

Good for them.

But is this the best route for you? Should you be working crazy hours and having no fun today so that you can simply escape your hated life? Or is there a better way to go?

Run Toward What You Love, Not Away From What You Hate

I enjoy writing Sunday posts on my . . . → Read More: Run Toward What You Love, Not Away From What You Hate

Lance Fair Child On Building Wealth and Allowing Shareholders to Vote By Proxy

When most people think about increasing their financial wealth, the first thing that often pops into mind is having a savings account. However, there are many options that can be utilized to build personal wealth. Options include everything from investing in retirement accounts to buying shares in publicly trading companies. Those who desire to move their wealth creation plan from merely saving some money to lucratively investing it will find the assistance and expertise of a financial planner and advisor very useful. Equities are often an excellent place to put your money but you should always be aware of what is being done in the interest of shareholders.

Why You Should Hire A Financial Expert

Financial experts are trained in the field of financial services and can significantly help individuals increase their monetary gains. Anyone who hires a competent financial advisor will be able to draw on a wealth . . . → Read More: Lance Fair Child On Building Wealth and Allowing Shareholders to Vote By Proxy

How to Upgrade Your Wardrobe Without Spending Too Much Money

Upgrade Your Wardrobe

Twenty-sixteen has been the year when I’ve had to learn how to upgrade my wardrobe without spending too much money. To be honest, this has been a bit of a struggle for me because my inner CFO thinks clothing is frivolous. In fact, my inner CFO was the one who sold all of my office attire when I quit my last job in an effort to make an extra buck.

This post has been written by Amanda Abella – writer, speaker, and financial coach. Enjoy!

However, fast forward a couple of years and I found myself in a bit of a predicament. My career as a finance expert started to take off and with that came the opportunity for media appearances and speaking engagements.

Just recently, a friend who works in PR got me an appearance on a local news show and, as she was coaching me on what . . . → Read More: How to Upgrade Your Wardrobe Without Spending Too Much Money

5 Influential Investing Books We Should All Read

influential books we should all read

Unless you have a business degree or work in the world of finance, investing can be intimidating. However, what you don’t know about stocks, bonds and mutual funds can be downright expensive; if you pick the wrong fund for your 401(k), IRA, taxable account or any other, you can put your financial life at risk.

Fortunately, there have been some terrific influential books written that can help distill the art and science of investing into something the average reader can understand. Here are five great books every new investor should add to their library, as they try to comprehend the world of high finance.

This post was written by our talented writer, Will Lipovsky. Enjoy!

The Intelligent Investor

If you could only read one book on investing, Benjamin Graham’s 1973 classic is the one to choose. The Intelligent Investor describes the history and operation of the stock market, its inner . . . → Read More: 5 Influential Investing Books We Should All Read

How The Debt Snowball Really Works (Free Tool Included For YOUR Debt Snowball!)

The Debt Snowball

Want to get out of debt fast? Then commit to the debt snowball.

You might be thinking, “Oh yeah, yeah, I’ve heard of the debt snowball. It makes sense – you pay off your debts one at a time until they’re gone. I got it.

No, you missed it. You missed it entirely.

How the Debt Snowball Works

The debt snowball is about more than just paying down your debts one at a time. There are three major elements to the debt snowball:

Your initial lump-sum contribution Your contribution each month Laying out your debts – from smallest to largest

And you know what? Interest rates have pretty much nothing to do with the debt snowball. Do you know why? Because paying off debt is 80% emotional and 20% logical. Paying off debt is more about immediate progress than it is about math. All you nerds out there, just trust . . . → Read More: How The Debt Snowball Really Works (Free Tool Included For YOUR Debt Snowball!)

6 Ways to Sell Your Home Fast

Want to sell your home fast? It doesn’t have to be complicated and you certainly don’t need to give your house away in order to sell it.

6 Ways to Sell Your Home Fast

I’ve had a love affair with real estate all my life. I love to buy it, live in it, rent it out – heck, I even love browsing Zillow each night before I go to sleep, just to see what’s out there. I. Love. Houses.

I’ve seen enough homes for sale that I can pretty quickly identify which ones will sell quickly, and which ones will sit on the market collecting dust. It might surprise you, but price typically has nothing to do with it.

If you’re looking to sell your house soon, be sure to take care of these six things for a quick and easy sale.

1) Hire a Quality Realtor

I wouldn’t have . . . → Read More: 6 Ways to Sell Your Home Fast

Investing: It’s Not About The Percentage of Growth

It seems like everyone is trying to beat the market these days. If the general market earns 8%, they want to earn 10%. If it reaps gains of 12%, then they want 15%. And they figure if they pick just the right stocks, they can earn beefy returns and retire with loads of cash at their disposal.

I guess it makes sense, right? If I was given the choice between 10% returns and 20% returns, then I’d choose 20%! I mean, why not? The only thing is, nobody has a clue how to do this. In fact, it’s been proven time and time again that monkeys can choose stocks better than the financial experts!

And you know what? A massive percentage of growth in your investments isn’t the main factor to riches anyway! Think I’m nuts? Read on and let me prove you wrong. I promise I won’t gloat too . . . → Read More: Investing: It’s Not About The Percentage of Growth

5 Things That Throw People Into Debt (and How to Avoid Them)

Avoid Debt

No one wakes up one day and decides to go on a spending spree, ready to max out all their credit cards at once. While that might make a good reality show, it’s not the reason Americans owe $12.12 trillion in debt.

We can argue about “good debt” versus “bad debt”. But the truth is most Americans owe money month after month. And it’s dragging down our ability to build wealth.

Our own family owes a variety of debt. We’ve got credit card bills, car payments, and student loans. It wasn’t done lightly, but from a sense of necessity (real or not).

So why are so many people in debt? It’s because they react rather than prepare. They know they should be saving for a rainy day, but the sky sure looks clear right now! There’s no sense of urgency without an emergency.

Just as we study history to . . . → Read More: 5 Things That Throw People Into Debt (and How to Avoid Them)