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

Posted on 4 CommentsPosted in 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 on 6 CommentsPosted in Investing, 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 on 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 […]

The 10 Myths That Prevent People From Using A Budget

Posted on 2 CommentsPosted in Budgeting, Cash Management, Personal Finance

Budgeting gets a bad rap, so most people don’t give it a chance. It’s unfortunate since creating a cash flow plan is one of the best ways we can improve our monthly net income. There are essentially 10 budget myths that create mental roadblocks and keep us from creating and using a plan. Let’s debunk each of the myths below, so we can develop a successful strategy and become masters of our money.  Myth #1: Budgets Are Boring Some people don’t want to use budgets because they think they are […]