If you are in yours 20s (lucky you!), you have an amazing opportunity to build a solid financial foundation that will serve you well for the rest of your life. You also have a huge opportunity to reverse any bad habits or correct any mistakes you have made to date. Now you may know that you need to start thinking about money, but just don’t know where to start. Below is a general guide and some...
2019 is off to a fast start and hopefully the winter is over. Now that you are getting your taxes done for 2018, you may want to look at your financial picture for 2019. This is a great time to start boosting your savings and really focusing on your financial plan. Below are tips and helpful guidelines to help improve your savings in 2019. Please feel free to add any in the comments section below. Breakdown...
While 5-10 years ago most people had never heard of the term sharing economy or knew exactly what it meant. Fast forward to today, and the reality is very different. Our modern economy includes an economic model that includes a sharing economy. But what exactly does that mean? Below is a summary of what a sharing economy is and how it affects your everyday life. A sharing economy has many facets, but is a mode of...
There is an issue I think needs to be addressed in public high schools. While the core classes like algebra, geometry, and English are critical, these schools are putting enough focus on everyday skills like personal finance. I think personal finance should be a core class in high school. Learning these skills in high schools will help the student through adulthood, and may even find a job. I bet there are many that find themselves behind...
Savings for your current child or future child needs to be a big goal for you and your family. I found this amazing, but a recent government study found that it can take over $235,000 to raise a child from infancy to age 17. In fact that number does not include college, extracurricular activities, or family vacations. Now that you know its going to cost a lot to provide for a child, I wanted to lay...
In today's startup world, you have probably heard of the terms accelerators, incubators, and innovation labs. These are great to help startups and founders grow their business into something viable. While there is a lot of similarities, the programs do have some key differences and are set up differently as well. Below I will describe these in detail. Please feel free to ask any follow up questions in the comment section. Also please feel free to...
As I mentioned in my 2018 stock market in review article, asset allocation is very important in evaluating your investment portfolio. Many people perform their asset allocation themselves or hire a financial expert to assist with it. If you are looking to start performing your asset allocation yourself or learn more about it, I thought I would provide a high-level overview. Please let me know if you have any follow up questions, and I would be...
Financial scams are extremely common now. They put a lot of people at risk and in many cases you can lose a lot of money. With the advancement in technology, scammers are getting smarter and that makes it much more difficult to identify the scam before it is too late. As we enter into 2019, below are a few scams to keep an eye out on. Crypto Rip-Offs: Cryptocurrencies are so common now due to the...
For those who don’t follow the stock market on a regular basis, I thought I would provide a high level summary and recap. Most investors are relieved that 2018 is over. There were a lot of highs, including the tax-cut optimism, to quite a lot of lows, especially the last few months. From a U.S. stock market perspective, it was the worst performance since 2008 during the financial crises. The S&P 500 fell 6.2% for the...
2019 is right around the corner. While you have some time in 2019, you will need to begin thinking about filing your taxes. There are a lot of options out there, and depending on your financial experience, you can either do it yourself or hire an accountant. Below are a few options to file your taxes: Hire an accountant: If you do not know and understand taxes, I would recommend to hire an account to file...
