Do a Premortem to Avoid the ‘Buy High – Sell Low’ Problem We’ve all heard the old adage: Buy low – sell high But how many investors actually follow this ‘best investing practice’? Turns out, there are reams of data about how investors consistently make this big investing mistake; buy high and sell low. You’ll learn about how this happens, and how to counteract this wealth reducing investing strategy.
Take These Steps Before You Buy a Home So you’re thinking of buying a home in Texas—congratulations! Between Texas mortgage payment calculators, reality agreements, and FICO scores, there is a host of information to process as you make your home ownership dreams a reality. Getting a mortgage in Texas is easy – if you follow these tips! Buying a house is an exciting and nerve-wracking time, but these 5 tips will take the mystery out of the Texas mortgage process. 1. Know Your Finances Before Y…
3+ Ways Freelancers Can Earn Passive Income Are you a freelancer or solopreneur consultant? Do you worry that, when you’re not working, you don’t get paid? Find out how a freelancer can create a passive income stream for the future. A recent survey by the Freelancers Union found that 53 million Americans are now freelancers. In fact, one in three workers are freelancing. The difference between many freelancers/solopreneurs and salaried workers is that if you receive a salary and you want to t…
Opportunity Zone Fund Investing – Pros and Cons There are few things worse than earning a great deal of money in some sort of financial victory—a successful business, a jump in the stock market, or a profitable real estate deal—only to realize that a large chunk of your hard-earned money is going to be taken for capital gains taxes. Talk about a bummer. Financially-savvy investors will be on the lookout for ways to save money in taxes after large gains, and the Tax Cuts and Jobs Act of 2017 h…
Win Win Negotiation in Everyday Life There is hardly a consumer situation I’ve encountered that wouldn’t benefit from a little negotiation. Over time, if you take the opportunity to negotiate-for a better price or an add-on service, you’ll bank more money over time. And each year, tack on extra cash and over time, it adds up. Here’s a story from the beginning days of this website, to show you how a bit of organization and negotiation saved me $500.
Basic Savings Strategy-Perfect Approach to Build Long-Term Wealth By staff columnist, Alexandra Deluise There are few things I enjoy in this world more than pie. Aside from being really delicious, pie also serves as a great guideline when designing savings plans. After all, who doesn’t want a big piece of financial pie? My favorite pie is apple, whereas my husband prefers pumpkin. Just as our tastes differ, so might your financial pie differ from the examples I have shown here. These pie cha…
California’s CalSavers is a Model Roth IRA Retirement Savings Program By staff columnist, Alexandra Deluise One of the most emphasized pieces of wealth-building includes maxing out any and all workplace retirement accounts. In fact, this is one of the common suggestions for people looking to become millionaires. Automated investing can make or break your retirement success. Taking advantage of tax-deferred retirement accounts, such as an IRA or 401(k), is another way that employees can ensur…
Get Wealthy-Beyond Money “Be thankful for what you have; you’ll end up having more. If you concentrate on what you don’t have, you will never, ever have enough.” Oprah Winfrey from Brainyquote.com Some may think this is a cheesy quote, but while I was growing up, whenever something bad happened, my mom and dad said, “Well, it could be worse”.
Blooom News – Blooom is closing it’s doors to retail investors Blooom has closed it’s retail investment arm. The company
Can I Retire Early? Get the Answer Big and even small regular expenses can sabotage a comfy retirement. Are you curious about how decisions about car purchases and lattes, might affect plans for retirement? Maybe you’ve never thought about the relationship between your new car and your retirement date.