When determining your financial health, your credit score is one of the most important vitals tested. Having good credit is an essential factor in many benefits, including qualifying for the best mortgage rates, personal loans, and student loans — and achieving other life goals. Developing a good relationship with credit-building is crucial in creating and…
Many business owners choose to offer their employees a 401(k) or other retirement plans. And it makes sense, as there are many benefits to consider when offering a retirement plan, like attracting and retaining top talent and saving for your own work-free years. But, owners often overlook the additional tax benefits of providing a retirement…
In a world of Tik Tok, YouTube, Instagram, and so many other social media sites, people are increasingly getting their financial advice from influencers, especially young investors. Whether you follow influencers or not, it’s very likely that someone close to you does. A recent study from Bankrate researched social media and its impacts on users’…
Planning for retirement is one of the most important financial goals that exist. And not only does it involve the ability to defer gratification, opting to save and invest today to reap the benefits down the road, but it also involves complexity. When it comes to your business, there’s no one-size-fits-all approach to retirement planning.…
In the short term, investing can feel like a rollercoaster ride. There are high highs and low lows, and sometimes, a moment of pure free-fall. But, despite all the twists and turns investors face, investing can generate significant wealth over the long run. That’s because of the unique power of compound interest — or earning…
What would your life be like if you died with zero money left? In Bill Perkins’ book, Die With Zero: Getting All You Can From Your Money and Your Life, he wants to help you imagine and answer the question: what could your life be like if you died with zero money left? It’s an…
Many investors are concerned about the situation with the markets, the economy, and their implications in our daily lives. In 2020, the federal funds rate was cut drastically to nearly 0.05% in an effort to curb the panic of the COVID-19 pandemic. Fear ran rampant. The reserve ratio for banks was cut, which increased the…
While many assume that most millionaires inherit their wealth, that’s not the case. Inheriting millions is very rare. And according to Fidelity Investments, an overwhelming 88% of millionaires are self-made, meaning they did not inherit their wealth.1 So what does it take to achieve the status of a self-made millionaire? A new study by the…
As babies, we’re brought into this world only knowing how to eat, sleep, and cry. The way we think and feel about the world around us isn’t hardwired, and we are products of our environment, which means we are continuously learning life skills from the people around us and the things we experience. Overall, our…
One of the most interesting subjects is that of the human mind. What factors drive our behavior, thoughts, and tendencies? A particularly interesting study involves the relationship we have with pain and why, in some cases, we actually choose to take on pain. A recent article titled “Why a Meaningful Life Is Impossible Without Suffering”…