In August, for the first time ever, there was more money in passive index funds than in actively managed funds. I think this is a good trend, as I practically beg new investors to keep it simple. The easiest way to keep it simple is by not investing in individual stocks. There are also […]
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A few years back a colleague and I would regularly discuss business and investment ideas. One thing he was really interested in was real estate investing. He wanted to own a bunch of properties and rent them out, and perhaps build some sweat equity by purchasing properties that needed some TLC. Here’s the thing: […]
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With hundreds, if not thousands, of banks, credit unions, stock brokers, and finance-related apps, how do you pick which ones to use? There are plenty of lists online for the best savings accounts, credit cards, and finance apps. What I’ve found useful, though, is to hear what other people are actually using. For example, […]
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Dividend income is the ultimate passive income. As long as you own a share of a company that pays dividends, you receive a fully passive income. There is no income stream quite like it. You could argue that there is some work involved, such as making sure the company is performing well and the […]
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Most first-time home buyers have entertained the idea of buying a fixer-upper. This trend is partially due to the fact your money can go much further when you buy a home that needs work. I also blame HGTV and their numerous shows with mind-boggling number of episodes showing homes being renovated. My wife and […]
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If you read blogs and articles about pursuing financial independence, many writers will put entrepreneurship on a pedestal while looking down on a traditional 9-5. There are many reasons for this, one being the fact that many of these writers are inherently biased against 9-5 jobs. They themselves likely want to be a solopreneur, […]
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A 401k is a great way to start working towards retirement. If you’re lucky, your company may even match your contributions up to a certain percent. Taking advantage of a 401k is usually a good idea. Even if you have a lot of debt, a 401k match is something that you shouldn’t pass up. […]
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I recently suggested that investors keep it simple. There are way too many companies trying to sell complicated investment products or actively managed mutual funds with high expense ratios (or said differently, fees that go to those managing the fund). Instead of loading up on complicated and expensive investment options, many investors would be […]
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Do you ever feel like your financial life can get overwhelming quick? Bills can pile up. Then there is all the things you “should” be doing with your money. It can be easy to take the “out of sight, out of mind” approach to money. But I think we all know that eventually you […]
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I’m one of those people who tend to over-complicate things. I’m always trying to take things to the next level of detail. Or think of a different approach to something. Sometimes this is helpful, such as in my day job in corporate finance where I’m looking at how different variables may impact a forecasting […]
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