Lower Your Taxes and Start Investing by Opening a Traditional IRA Account For Retirement

  Throughout the year, but most often during tax season, the subject of contributing to an Individual Retirement Account (IRA) comes up. IRAs are in the news, advertised on T.V., in print and of course on the Internet. Banks, credit unions and brokerage firms promoting the tax benefits of opening a Traditional IRA account with […]

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How to Create Passive Income Through a Dividend Income Strategy

How to Create Passive Income

  I have always been interested in the subject of passive income, specifically how to create passive income opportunities – to some degree, you might say I‘m a bit obsessed. Why? because I believe it’s an important aspect of building wealth – kind of like having a 2nd job you don’t have to show up […]

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Set It and Forget It: Advice for Investing in Your 20s

Set it and Forget it Advice for Investing in Your 20s

    I participate in a number of online question and answer forums that cover a host of personal finance topics. In general, individuals write in requesting answers to their topic and everyone else chimes in with their perspective. Over the last couple of weeks, there were a couple of instances where the topic of […]

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What is a Certificate of Deposit (CD)? How Do CD’s Work?

What is a Certificate of Deposit

Certificates of Deposit or CD’s are offered by most financial institutions (banks, credit unions…) as a product to provide you with interest rates that are generally higher than a traditional savings account. Unlike a savings account where you can move money in and out of the account, CD’s will require you to commit to a […]

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Learn How to Invest – 3 Steps to Start Investing Email Course

Learn How to Invest

If you’ve never considered managing your own investments, or pondered the thought of trying to comprehend the world of investing, it’s probably because of two main reasons. First, all the jargon, cryptic terminology, opinions and investment solutions make the subject confusing. So confusing you may not be sure where to even begin. Or maybe it’s […]

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Simple Investing – The Effect of Compounding Interest or Rate of Return

Effect of Compounding Interest

  It’s probably the single most important mathematical concept to understand about investing. The effect compounding interest or a rate of return has on your money over time. It’s important because it can significantly change your perspective on how much money you invest, where you invest and how soon you should start. When I was […]

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How to Start Investing in Mutual Funds

How to Start Investing in Mutual Funds

  For most the term investing can often conjure up images of complex algebraic math equations – i.e. the jargon feels too complex to understand, or navigating all the different options and opinions can feel like you’re walking through a maze – you’re not sure which way to go. The reality is investing and the retirement […]

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Rule of 72 – Rate of Return and Double Your Money

Rule of 72

Do you find understanding the math associated with investing complicated or maybe a bit “fuzzy”? A bit like understanding algebra or geometry back in high school for the first time. If you’re like most individuals understanding the relationship between the money you have, investing it and then determining how much money you can make can […]

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The Time Value of Opportunity – Filling The Pig Personal Finance Books

Time Value of Opportunity

The time value of opportunity is the ability to recognize money saving or money making opportunities (events) that will benefit you over the course of a lifetime. The key word being recognize.  For example, in relationship to vehicle insurance.  Most think of vehicle insurance as a single annual occurrence. You pay your premium every year […]

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How Much Money do You Need to Start Investing?

Start Investing

It’s one of the main reasons most people don’t start investing. The perspective that in order to start investing you need a lot of money. This misconception inevitably adds to the confusion surrounding investing so for most the topic becomes an afterthought when it comes to managing their finances. However, I can tell you from past […]

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A Simple Way to Start Investing – The Bucket Strategy

A Simple Way to Start Investing

  Do you want to learn a simple way to start investing? If you’re new to investing or considering the possibility of starting, one of the most challenging aspects about the world of investing is to be able to understand the big picture. Not from the perspective of individual stocks, bonds, mutual funds or even 401 […]

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3 Reasons You Should Contribute to Your Employer’s 401(k) Plan so You Can Retire Early

Retire Early

Many years ago (many, many) when I started my first “real” job out of college I had the opportunity to contribute to my company’s 401(k) plan. I was young and at the time was more focused on my new paycheck, rent, entertainment systems and of course having a cool car – you know the really important […]

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What is a Dollar-Cost Averaging Investment Strategy?

Dollar-Cost Averagin

One of the greatest misconceptions surrounding investing is that it requires a large sum of money to get started. And typically that misunderstanding is then followed by the fear that if you invest all your hard earned money, you risk losing it due to a downturn in the market. However, if you’re new to investing […]

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Pros and Cons of Using Automated Investing as a Main Investment Strategy

Automated Investing

Guest Post Provided by: Andrew Altman w/ Slick Bucks Automated investing solutions can invest small amounts of money for you at a time. From very small investments that trickle out of your account to investments that round up all of your transactions (thereby investing your spare change), these apps make it easier for you to […]

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What is a Mutual Fund and How do they Work?

How to Start Investing in Mutual Funds

  In the world of investing, most are familiar with the practice of purchasing individual securities to establish their own investment portfolio.  For example, you may purchase 3-4 different stocks or bonds as a means of investing for retirement.  You manage them on your own making your own decisions – buying and selling them based […]

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What is an Exchange-Traded Fund (ETF)?

What is an ETF

What is an Exchange-Traded Fund (ETF)? ETF is an acronym for Exchange-Traded Fund and is another type of investment vehicle or security.       ETFs were created in the early ’90s as a means of providing investors with the ability to purchase a set of “pooled” investment resources – like stocks and bonds. In […]

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What is DRIP? Dividend Reinvestment Plan

What is DRIP?

  In regards to investing it’s not the drip coming from your faucet or shower!         DRIP is an acronym for Dividend Reinvestment Plan.  DRIP is a plan offered by some corporations that allow shareholders of their stock to reinvest the dividends earned into purchasing additional shares of the company’s stock. Unlike […]

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What is a Target Date Fund and How do They Work?

what is a target date fund

  A target date fund is a mutual fund that has been created with the specific goal of providing an investment portfolio based on how long you have until retirement. Target date funds typically contain an assortment of stocks and fixed income securities, like bonds. Target date funds were created as a means of simplifying […]

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Who is Morningstar and Why Should I Care?

Who is Morningstar

  Morningstar is a highly respected independent research firm based out of Chicago, Illinois. The company was founded in 1984. Morningstar provides a host of investment products and services available for both novice and experienced investors.         Here are the key points you need to know about Morningstar. They provide research and […]

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Be Careful! Do You Know What a CDs Auto Renew Policy Is?

Do You Know What a CD Auto Renew Policy Is?

Do you know how a CDs auto renew policy could force you into a penalty withdrawal?  I discuss Certificate of Deposits (CDs) in my latest book Simple Investing, from the perspective of them being a simple investment vehicle if you’re looking to park some cash for a while, or maybe you’re retired and looking at […]

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