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How to Become a Millionaire-Investment Advice for 30 Year Olds

How to Become a Millionaire-Investment Advice for 30 Year Olds

By in Asset Allocation, Automatic Saving, Debt, Investing, Money Management, Retirement, Tips | 0 comments

5 Tips to Become a Millionaire “You only have to do a very few things right in your life so long as you don’t do too many things wrong.” ~Warren Buffett (source; BrainyQuote.com) Get the specific, actionable steps to become a millionaire if you are in your 30s. Use this financial advice for 30 somethings as a step-by-step guide for wealth building. If you haven’t started investing for your future, don’t stress, now is the time to start understanding and implementing how to plan for retirement at 30. Investment Strategies for 30-year-olds – Backstory My husband and I started...

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6 Money Tips for Navy Seals – A Gift For Our Warriors

6 Money Tips for Navy Seals – A Gift For Our Warriors

By in Automatic Saving, Debt, Investing, Tips | 0 comments

It’s official, I’m addicted to the History Channel’s eight part drama about the lives of Navy Seals, “SIX“. After watching two episodes of this edge-of-your-seat action drama, I experienced feelings of worthlessness and self-deprecation. After all, these guys risk their lives in dangerous circumstances to protect our freedom and what am I doing of value – writing investing and financial management articles? Then, the Seals come home to family drama and difficulties. And to add to their stresses, pay for an entry level Navy Seal is a paltry  $22,992 per year for entry level Special Warfare Operator Third Class. Despite...

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Should I Pay Off My Mortgage or Invest in the Stock Market?

Should I Pay Off My Mortgage or Invest in the Stock Market?

By in Debt, Investing, Reader Question, Real Estate | 22 comments

Paying Off Mortgage vs. Investing – Which is Better? A reader asked, “Am I better off making extra payments on my mortgage at 2.9% or investing the money in the stock market?”  Should I Pay Off My Mortgage or Invest in the Markets? This question is a favorite and a one I’ve pondered many times. Actually, I’m adding $250 to my mortgage payment every month, to get the mortgage paid off by the time I reach retirement.  Whether to pay off your mortgage or not, isn’t an easy question.  There are financial and psychological aspects when considering whether to...

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10 Steps to Take Before Investing – Beginner Investment Tips

10 Steps to Take Before Investing – Beginner Investment Tips

By in Automatic Saving, Budget, Debt, Investing | 24 comments

“How many millionaires do you know who have become wealthy by investing in savings accounts? I rest my case.” – Robert G. Allen What to Do Before Investing in a Stock or Mutual Fund Buying and selling stocks, bonds and mutual funds is a path to wealth, yet, there are steps to take before investing. At the start of my investing career, I thought it was cool to research and invest in the stock and bond markets; until I had my first loss. When my first stock pick drops 50% in price, I wasn’t having fun! Fortunately, I learned...

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6 Steps to Avoid Outliving Your Money in Retirement

6 Steps to Avoid Outliving Your Money in Retirement

By in Debt, Guest Post, Retirement | 0 comments

Guest Contributor, Kostas Chiotis Don’t Outlive Your Retirement Money! Planning for retirement is one of the most important things you can do financially. It’s also one of those things that people tend to put off until retirement is right around the corner. But if you don’t have a solid plan in place, you risk outliving the money you set aside for retirement. Although, if you start today, it’s possible to avoid outliving your money. Make it a priority and your future self will thank you. So whether you are already retired, nearing retirement, or still have decades to go, this article...

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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? Real Estate Investing Series – Part 1 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...

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