If you bought a home recently, you understand how easily it can eat up money. From the down payment and closing costs to paint and furniture, it disappears fast. And now as we approach the holiday season, where spending often increases, you may start feeling the pinch. However, all is not lost. If you spent[…]
October 2017 marked the first time that borrowers could apply for Public Service Loan Forgiveness (PSLF). The PSLF program forgives the student debt of federal borrowers who, as Ron Lieber of the New York Times writes, payed their loans the right way, worked for the right kind of employer, had the right kind of federal[…]
If you are looking to start your own business or are already working on turning the side hustle into the main hustle, then I want to share with you some advice. I see many Millennials taking this path for a number of reasons. Sometimes it’s to have a better work-life balance and sometimes it’s to[…]
This week on the blog, I want to share the love and tell you about one of my favorite people on the planet: Shannah Compton Game. Shannah is not just an amazing CFP® Professional (and good friend of mine), but she is also a fellow CFP® Board Ambassador. What’s even more amazing about Shannah is[…]
I came across an interesting article on MagnifyMoney.com titled “Where the Wealthiest Millennials Stash Their Money” that compared the top 25% of Millennial households with Average Millennial households. It compared things like how each group invests money, how their financial assets are structured and how their debts are structured. And like any good Millennial, I wanted[…]
A lot of this blog is focused on issues that Millennials themselves are facing, but this week I want to share some thoughts for my Boomers. (Millennials, this is a good post to send to your parents if they are nearing retirement). If you are already retired or nearing retirement, the choice of where to[…]
I hear it all the time: “If I only knew about this stuff back then.” When we talk about personal finance it’s usually more about what you should be doing now, but too often the mistake has already been made. I talk and write a lot about financial literacy because it is so important but[…]
Did you know that this week is National Retirement Security Week? Now before you go all whatever, Douglas, I’ve got this, let’s take a short quiz: How much do you have saved for retirement? How are you saving it? Is it in a 401(k), IRA, Roth IRA, SEP, SIMPLE IRA? Do you even know what[…]
Self-employed Millennials know that there are lots of perks to being your own boss. You can make your own hours, set your dress code and decide where and when you will work. But the down stroke is that you don’t get some of the benefits of a typical workplace such as health care, insurance or,[…]
It’s a question so many Millennials have. I want to have a home for my family, but how can I afford to do that with student loan debt? It’s a tough question, but if you put a little work into it, you may find out that it is possible. My wife and I both have[…]