How to Get Rich Quick!

Jan 18, 2017 by

What’s the secret to getting rich quick?  Drum roll please…   You don’t : (   Getting rich slowly  is the secret to financial freedom.  The secret to reaching financial freedom is doing the little things day in and day out.  This includes spending less than you make, avoiding fees as much as possible, and saving with a plan.  These are of course only a few of the things you should do, but by doing the basic fundamentals of personal finance, you will over time achieve financial freedom. Don’t be distracted by the people or companies that tell you that getting rich quick is easy.  Anyone that tells you otherwise most likely does not have your interests in mind.  If you don’t believe me, consider the words of Warren buffet in this article.  ...

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How much does that Pumpkin Spice Latte actually cost?...

Oct 12, 2016 by

True cost of  the daily coffee It’s fall again and time for everyone’s favorite pumpkin specialty drink, the pumpkin spice latte.  Last time I checked, this fall delicacy will run you about $5 at the corner coffee shop.  $5 doesn’t seem like much, but how much does that actually cost?  For those of us who are trying to save money or invest for the future, cutting out the daily coffee could be just the financial boost we need.     To Latte or not to Latte? Let’s do the math!  For our hypothetical situation, we are going to take the example of a huge coffee fan who drinks their $5 coffee every day.  If that person buys their coffee every day, it would cost them $35 dollars a week.  That corresponds to about $140 a month,...

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Are Investment Advisors Worth the Cost?...

Jun 20, 2016 by

Are you considering an investment advisor?  Here are 3 important tips to keep in mind when doing so. Motive No-one cares about your money more than you do.  I find it hard to believe that a stranger would care more about your financial security than you would. No matter how friendly an advisor may be, their goal is to make money from you.  To them, you are another client, from which they are trying to make a living. On top of that, there are numerous stories about financial advisors who put their own interest first. It’s common for a financial advisor to manage your portfolio in whatever way is most lucrative for them.  You invest your money to secure your financial freedom. Advisors invest your money to earn their next paycheck.  This certainly is not true for all advisors, but...

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4 Keys to Investing

Jun 15, 2016 by

Investing in the stock market can be confusing, even for the best of us.  Here are four helpful tips to keep in mind when you decide you are ready to invest. Compounding Compounding is considered perhaps one of the strongest forces in the financial world. What makes compounding so great? It is essentially your money making you even more money. For example, if you invest $1,000 and it grows 10% in one year, the total growth will be $100 for a total of $1,100. The following year if your investments again grow 10%, the growth will now be $110 for a total of $1,210. The investment made an additional $10 in growth over this short period. Overtime this growth will continue to increase exponentially.  If your money were go continue to grow at 10% each...

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Staying Cool in a Falling Stock Market...

May 19, 2016 by

  The market is falling, is it time to panic? Of course not!   Why not freak out you ask?  The stocks are now on sale!  Since we invest for the long haul and not quick gains, short down turns in the market should not scare us.  On average the stock market will return about 7% in the long run.  This means that there will be years where it will return much less, and others will it return much more.  These fluctuations are a natural part of investing, and also important things to think about when  selecting your asset allocation.  The down dips in the market even have some nice benefits that may not seem obvious at first. To understand why you should be excited when the stock market is falling, you should consider what...

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Finance 101: Investment Fees

May 9, 2016 by

Impact of Investment Fees You may be asking yourself what the big deal is about investment fees. The truth is, investment fees are a BIG DEAL.  Our opinion is that the greatest predictor in personal portfolio performance is investment fees. An investment fee of 1% may seem like pocket change, but could lead to thousands (if not hundreds of thousands) of dollars lost! Funds that charge high fees will only be worth the cost if they can beat the market year in and year out.  The chances of even the smartest fund managers doing this is practically zero.  For instance, take a fund manager that charges 1%.  If the manager is unable to beat the market by 1% every year, their fees are a waste of money.  The best strategy for everyday investors like us is...

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