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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Citi Double Cash vs. Chase Sapphire Reserve...

Jan 14, 2017 by

You have no doubt heard about the Chase Sapphire Reserve credit card and its amazing sign-up bonus.  Plus with its benefits, it sounds like the perfect credit card.  But is it really?  This article will compare the Chase Sapphire Reserve with the industry leading cash back card, the Citi Double Cash. Chase Sapphire Reserve Features Unlimited 3% rewards on restaurants and travel. 1% on all other purchases. No blackout dates on reward redemption, and points never expire. Redeem points for gift cards, travel, merchandise and cash back Purchase travel from outside sites and redeem for statement credits Pay for travel with partial points 1:1 point transfer to frequent flier partners 50% bonus on travel rewards redeemed through Chase website $300 Annual travel credit $450 Annual Fee Citi Double Cash Features Unlimited 2% cash back on...

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New Year, New Goals!

Jan 1, 2017 by

2017 is upon us! Whether last year was a good one or not, we should create a new set of goals for the new year.  This is one of the most crucial steps in reaching financial freedom.  How can we reach freedom if we don’t know where we are going? Some of you may have never set a financial goal before. So, where do we start?  I’ve compiled a list of some ideas below to help get some ideas for your own goals: 1. Max out your 401(k) – take advantage of the tax advantaged investing accounts! 2.Create an emergency fund – you always want to be prepared for the unexpected expenses.   3.Payoff debt/loans – create a plan to eliminate (or reduce as much as possible) your personal debt 4.Re-evaluate your insurance – make sure...

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Is your income at risk? 3 reasons why you should diversify....

Nov 18, 2016 by

Is it time to start a side hustle?   With the recent presidential election, there is a lot of uncertainty on which direction our economy will go.  If the market takes a turn for the worse, could you survive?  How long could you make it without your primary source of income? These are important question to ask yourself, because if the answer is no, you are essentially living will all of your eggs (income) in one basket.  Every finance expert known is adamant about having a diverse set of assets when it comes to investing.  Shouldn’t we also have a diverse set of income streams? I recently came across an article that discusses this very topic.  The article I read was written by Pauline Paquin, an expert finance blogger at Investment Zen, and posted...

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4 Reason to Skip Black Friday

Nov 15, 2016 by

Black Friday is just around the corner.  Are you one of those shoppers getting ready to hit the stores at midnight? If you are, maybe this article will convince you that you are wasting your time.  Here’s a list of 4 reasons why you are better off staying at home and enjoying your turkey.     Unspectacular Deals Although Black Friday gets all the hype, the deals are truly not that great.  Many of the companies offering deals, offer the same discounts at other times during the year.  Instead of fighting the crowds, you can get the same deals by looking for sales at other times of the year.  Additionally, according to a CNN money article, 93% of stores are offering year-old products as a part of their “sales”.  In my opinion, I would...

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3 Tips to Consider before launching Side Hustle...

Oct 31, 2016 by

Is it time to quit your day job?   Do you currently have a side hustle that you have been debating on turning into a full-time business? How do you know if your business is ready for prime-time? How do you know if you’re ready to break the traditional mold of work and become an entrepreneur? Knowing whether or not your side hustle is ready to be turned into a full-time opportunity can be a very complicated decision.  Luckily, I came across a Forbes article that discusses this very topic from the point of view of a person who left their safe career to pursue their passion.   The article I read was written by Denise Restauri, an expert finance blogger, and posted on Forbes. In her article, Restauri discusses the experience of her friend Shinjini Das and...

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