Invest

The 401(k) is one of the largest retirement platforms in America, and for good reason. It allows you to invest your hard-earned salary tax-free upfront. Then, you pay taxes as you take money out in retirement.  These tax benefits cause a compound effect. It allows you to plow more money into your account (because taxes don’t take away a chunk), so it can grow faster in the long run.  It’s […]

The Average 401k Balance by Income Level

 in Blog / Invest  tagged retirement
401K Millionaire
You may be realizing that you need to start saving for retirement. But, there are a ton of options out there.  The 401(k) is a wonderful way to save for retirement. In fact, the number of 401(K) millionaires has reached an all-time high.  Surging markets and a booming economy may have something to do with it. But, the many Americans who have achieved the impressive million-dollar club, also have practiced […]

How to Become a 401(k) Millionaire

 in Blog / Budget / Invest  tagged retirement
One of the best ways to save for retirement is a 401(k). You do not have to pay taxes when you contribute to your account and can defer those taxes until later. Meaning, you can throw more cash into your account to allow compound interest to get to work.  Checking to see the average balance of 401(k) will give you a starting guideline. It is a way to see how […]

What is the Average 401k Balance by Age? (See How You Compare)

 in Blog / Invest  tagged retirement
Most millionaires are made from investing in real estate. The reason is due to the 5 ways that rental properties will make you a millionaire.  As we already know, investing is by far the best way to build wealth.  Why not invest in an asset that produces cash for you each month while providing someone with a place to live?  Real estate investing is a win-win. You can run a […]

5 Ways to Become a Real Estate Millionaire with Rental Properties

 in Blog / Budget / Invest  tagged real estate
When it comes to investing your money, you want to make sure it is easy, safe, and with no extra fees. M1 finance provides you all of that. As one of the best brokerages out there, M1 finance combines a brokerage, Robo-advisor, and a bank account all in one. The question then becomes, is it right for you? Let’s find out. What is M1 Finance?  M1 Finance is a great […]

M1 Finance Review: Everything You Need to Know (Is it Legit?)

 in Blog / Budget / Invest
You will never build wealth by just saving money.  In fact, if you keep saving, you will go broke.  I can not stress this enough. I am determined to ring this bell until everyone in the world hears it.  Too many people in this world don’t understand how their money works. It is why I believe personal finance should be taught in every middle and high school across America.  Let’s […]

If You Don’t Invest Your Money You Will Go Broke

 in Blog / Budget / Invest  tagged investing
Want a free ebook on how to ask for a raise with scripts and printables? Get it here! If you want to avoid the awkward exchange with your boss by asking for a raise in person. You can always ask for a raise in an email.  You probably already know that raises don’t appear out of thin air. You are going to have to put yourself out there, take a […]

How to Ask For a Raise in an Email (With Examples)

 in Blog / Budget / Invest  tagged career
Download the free ebook, Negotiate Your Salary, A step-by-step guide to asking your boss for a raise! It will give you every step to getting a raise and includes free scripts and printable checklists! Increasing your income is the foundation for building wealth. Learning how to ask your boss for a raise is the quickest path to get there. As you will soon learn, it is a skill.  One of […]

How to Ask for a Raise From Your Boss (And Get It)

 in Blog / Budget / Invest  tagged career
Automate Your MONEY
Conventional wisdom will say that motivation is the key to changing our habits. “Maybe if you wanted it badly enough, you would make sure it gets done.”  But let’s get real, what we really want is the path of least resistance. We want to take the easier route.  Many “productivity gurus” will tell you this is a dumb strategy. What they fail to recognize, is that it is actually a […]

How to Automate Your Finances: The Set it and Forget It System

 in Blog / Budget / Invest  tagged auto-invest
Producer or Consumer
Unless you produce more than you consume you are going to fail.  It was the first time in my life I realized what the secret was.  A gradual process has led to a single moment. Something I had been hunting down for some time. The question was simple.  What do successful people do that others don’t?  You’ll see the internet plastered with fluff that doesn’t really lead to true results.  […]

Producer Vs. Consumer – How to Change Your Mindset and Your Life

 in Blog / Budget / Invest
When you are first starting out, there is only one thing that should be on your mind when it comes to money. You want it to GROW. The only way to grow your money is to invest. It is plain and simple.  Sticking your money in a checking account or under a mattress will never allow your money to reach its full potential.  But how do you know where to […]

How to Invest Your First $100

 in Blog / Invest  tagged beginner investing
Save your first 100k
I saved 100k before I turned 25.  It was the most difficult financial milestone I have ever tried to accomplish. Nothing has yet to compare.  Charlie Munger, who is Warren Buffett’s right-hand man famously said this at one of Berkshire Hathaway’s annual shareholder meetings.  The first $100,000 is a b*#%h, but you gotta do it.  Chuck talked about how necessary it is to get to that point.  I don’t care […]

How to Save Your First $100K

 in Blog / Budget / Invest  tagged investing
What is a dividend?
A dividend is a distribution of earnings paid to the company’s shareholders. It is a magnificent benefit of owning shares of companies with strong profits. A company will make excess cash, and stuff that cash into shareholders’ pockets every quarter. They are a wonderful way to reward folks for their investment in a company. What is a Dividend? Dividends are paid by the company to the shareholders of the company. […]

What Is A Dividend?

 in Blog / Invest  tagged beginner investing
Index funds are mutual funds that come with a portfolio designed to track or match a financial index. Index mutual funds provide: Lower risk (due to diversification) Low costs (many charges less than 0.05% compared to 1% charged by actively managed mutual funds) Broader market exposure through diversification It doesn’t matter what state the market is in; the funds will follow the benchmark set by the index. An index fund […]

What Is An Index Fund?

 in Blog / Invest  tagged index funds
Boats traveling in the water.
When you start planning for your retirement, there is one question that you must ask yourself. How much is enough?  You may hear about fancy financial rules that you don’t know much about. One that is constantly discussed is the 4% rule in retirement. The 4% rule is one of the rules of thumb thrown around in the finance world. It is also known as the safe withdrawal rate or […]

What is the 4% Rule in Retirement?

 in Blog / Invest
Watch your 401k grow
Quick Answer: A 401K is a retirement savings plan that you can get through your employer or job. The advantage of investing your money into a 401K is that you do not have to pay taxes on the money you put it. You will only pay taxes on your money when you withdraw the money. You can contribute $19,500 per year. There is also an additional catch up contribution for […]

What is a 401(k) Retirement Plan and How Does it Work?

 in Blog / Invest  tagged 401k