Save, Invest, Build Wealth

Debt

Being a Landlord Sucks-Why You Shouldn’t Invest in Real Estate

By in Debt, Make Money, Real Estate | 29 comments

Should I Invest in Rental Real Estate? With interest rates still very low, you may be considering investing in real estate. It’s all quite glamorous when you read the “no money down” success stories. There are more than enough real estate gurus out there to show you the way. But before you buy, I’m going to share with you reasons why you might not want to invest in real estate, now, or ever. In fact, I gave up owning rental property decades ago because being a landlord sucks. So, let’s imagine that you’re seeking that glamorous lifestyle of the...

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5 Tips to Manage Debt and Save as a Family – Without Sacrifice

5 Tips to Manage Debt and Save as a Family – Without Sacrifice

By in Debt, Saving, Tips | 2 comments

Women’s Money Week 2017 Featured Article – #WMWeek17 Behavioral Finance Tips to Help You Manage Debt & Save By staff columnist, Alexandra Deluise Having a family adds a challenging dynamic to debt payoff strategies: instead of being able to dedicate every waking moment to side jobs, you may now be confronted with sleepless nights, expensive child care, and feelings of guilt at not spending enough time with your children. Not only that, but children start to eat more, outgrow all their clothes, and develop costly interests as they get older. For a solid financial future, it’s important to manage debt and save....

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The Difference Between 401k Loans vs. 401k Early Withdrawals

The Difference Between 401k Loans vs. 401k Early Withdrawals

By in Debt, Guest Post, Retirement | 0 comments

By Gust Contributor, Anum Yoon If you need a large amount of money, you might be tempted to dip into your retirement fund. Many 401k plans let you borrow money or take an early withdrawal. Both have their pluses and minuses. However, they have one thing in common: If you take out money, you’ll typically have saved less when it’s time for retirement. The consequences of taking a 401k loan or a 401k early withdrawal could cost dearly in retirement. Don’t take this decision lightly or in your later years, you might be forced to change your lifestyle or postpone your...

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8 Financial Moves College Graduates Should Make Now

By in Debt, Guest Post, Money Management, Saving, Tips | 3 comments

Guest Columnist, Andrea Woroch The number of Americans receiving associate’s degrees, bachelor’s degrees or master’s degrees in 2016 totals over 3.5 million, a collective achievement worth celebrating. However, the dark cloud of student debt looms above the festivities this year, with the average debt amounting to just over $37,000 — a record high — according to recent reports. While the standard payback period for bachelor degree student loans is 10 years, the average person spends about two decades paying off their college debts due to lifestyle changes including marriage, children, home-ownership and more. To avoid becoming part of this...

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Do Billionaires Need An Emergency Fund?

Do Billionaires Need An Emergency Fund?

By in Automatic Saving, Debt, Insurance, Saving | 29 comments

How Billionaires and the Uber-Wealthy Went Under If you think billionaires don’t go broke, think again. Lottery winners, professional athletes, actors, and others with tremendous wealth have lost it all. The interesting thing about money, not matter how much you have, if you spend more than you make or swindle others, at some point you’ll wind up broke.  Bernie Madoff – From $17.179 Billion to Zero How wealthy do you think the Madoff family is today?  According to a Time.com article by Sam Frizell last year, “Where are Bernie Madoff and His Inner Circle Now?” The once wealthy Madoff family...

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The Debt Myth-Personal Finance Luminary Jackie Beck-Part 2

The Debt Myth-Personal Finance Luminary Jackie Beck-Part 2

By in Debt, Personal Finance, Personal Finance Luminaries | 2 comments

Personal Finance Luminary Series-Jackie Beck-Part 2 Welcome to part 2 of this inspiring interview with Personal Finance Luminary, debt evangelist, blogger, and debt app developer. Learn how she went from salaried employee and part time entrepreneur to full time online success. Read Part 1 here. 6. What are your best lifestyle hacks to manage being a mom, entrepreneur, and spouse? You really have to do what’s most important to you first. Then everything else gets done (or doesn’t) as it can. I do believe that you can do most anything you want, but you can’t do everything all at...

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