Can You Trust Your Financial Advisor?

Posted Leave a commentPosted in Investing, Personal Finance

Can You Trust Your Financial Advisor? It’s sad but in the financial industry, there’s often a disconnect between the advisor and the client. It’s unfortunate but true. Investors do not always get the advice that’s best for them. Most financial advisors are held to suitability standards, which means they only have to provide their clients with “suitable” advice—not necessary the guidance that’s in the best interest of the client. Hopefully that will change, but in the meantime, you must know whether you can trust your financial advisor or not. Making […]

Are You Applying the Best IRA Strategy?

Posted 2 CommentsPosted in Investing, Retirement

Are you making your money work as hard for you as you do for it? Are your retirement accounts growing like they should be? If you’re not using the best IRA strategy, then you’re likely leaving A LOT of money on the table. Are You Applying the Best IRA Strategy Here’s a big tip I think you’ll like! IRAs are a great tool to save for retirement, but few of us are applying the best strategy to make the most of our accounts. Let me explain. In order to implement […]

How To Set Up Your Own IRA: 6 Simple Steps To Start Saving For Your Retirement Today

Posted Leave a commentPosted in How To Guides, Investing, Retirement

How To Set Up Your Own IRA: 6 Simple Steps To Start Saving For Your Retirement Today We all know we should save for retirement, but most of us keep putting it off. Why? We come up with some pretty clever excuses that keep us from taking action. Any of these sound familiar? I don’t have the time I don’t have the money right now I don’t know how to invest for retirement It’s just too complicated I don’t want to mess up Don’t worry … If you’ve said any […]

Why You Shouldn’t Try To Time the Market

Posted Leave a commentPosted in Investing

Why You Shouldn’t Try To Time the Market Buy low, sell high! It’s the mantra of finance. It’s what the “professional” traders TRY to do. The idea is great. If we always timed our investing right, we could make a killing. We’d buy when prices are cheap, sell when they’re high, and pocket the difference. Here’s the sad truth: Most of us don’t do so hot at timing the market. Don’t feel bad. Neither do the “pros.” 96% of the professional money managers fail to beat the market over 10 […]

8 of the Best Ways to Spend Your Tax Return

Posted Leave a commentPosted in Budgeting, Cash Management, Investing, Personal Finance, Retirement

So we just passed tax day. Have you got your tax return yet? Sweet! What are you going to do with it? Hopefully you’ll spend your return in a way that adds real value to your life or expedites your financial freedom. Here are eight of the best ways to spend your tax return. #1. Build Your Emergency Fund It’s always frustrating when we’re hit with a large, unexpected expense or a job loss. They’re never fun or easy to deal with, but we can make the hassle a lot less […]

The 10 Commandments of Successful Investing

Posted 1 CommentPosted in Investing, Retirement

Smart investing isn’t as hard as it seems. You just need to consistently apply the right principles—principles that have been proven successful time and time again. I call these bedrock tenets the 10 commandments of investing. #1: Thou Shalt Take Action Inaction is the number one reason people fail financially. Too often we get trapped by financial excuses that prevent us from taking action. We think investing is too hard, too time consuming, or too risky. We say we’ll invest when we have more time or more money. Truth is, the […]

The Top 5 Reasons Why I Invest In Real Estate

Posted 2 CommentsPosted in Investing, Most Popular, Real Estate

Real estate may very well have generated more millionaires than any other asset class out there. Why? Because it provides multiple advantages that are unavailable through the typical investment vehicles most of us use. These advantages make real estate an IDEAL investment. I: Income Generation D: Deductions & Diversification E: Equity Capture & Equity Buildup A: Appreciation L: Leverage These are the five biggest reasons I invest real estate.  I: Income Generation One of my favorite aspects of real estate investing is the fact that it can generate tax advantaged […]

The Dirty Little Secret of Mutual Funds

Posted Leave a commentPosted in Investing, Retirement

Mutual funds have a dirty little secret, and they want to keep it that way. The secret costs us thousands and prolongs our inability to achieve complete financial freedom. But we can beat it and I’ll show you how! The Dirty Little Secret Have you ever gone to a car dealer, found the car you wanted, and tried to buy it only to find out that all sorts of other fees have been tacked onto the final negotiated sales price? It’s frustrating isn’t it? Well, that’s a lot like how […]

The Ultimate Step-By-Step Guide To Making the Most of Your 401(k)

Posted 4 CommentsPosted in How To Guides, Investing, Retirement

401(k) plans have been around since the 1980s and have become the most widely used tool investors use to save for retirement. Investors who contribute to a 401(k) (or the similar 403(b) and 457(b) plans for nonprofits and governmental employees) are offered tax advantages, and oftentimes, employers match a percentage of what the employee contributes to the plan. It’s encouraging to see how many people have access to these plans, but it’s frustrating to see how misunderstood, mismanaged, and misused they are. Some plans are great and others aren’t. In […]

The Best Way To Invest In the Market

Posted 6 CommentsPosted in Investing, Most Popular, Retirement

Investing in the market seems complicated and daunting, and there’s many in the financial industry who want to keep it that way. Rather than sifting through the tens of thousands of investment options, most of us hire a professional to do it for us. These financial pros normally recommend high-growth mutual funds, and since they’re the experts, we trust them and buy the funds they recommend. Using actively managed mutual funds and hiring professionals to invest for us sound great on the surface, but when we pull back the veil, […]

The 6 Deadliest Investment Landmines and How to Beat Them

Posted 2 CommentsPosted in Investing, Retirement

Investing and personal finance aren’t complicated, but it seems the financial industry is bent on making us think they are. Why? Because they stand to make massive amounts of money if we stay in the dark and feel we have to rely on their “expertise” to get us to retirement. By keeping fees, real returns, and our investment options as opaque as possible, millions of us give up, hand over our money, and hope the “professionals” will make our financial dreams a possibility. There’s a much better way! By following […]