Why Contribute to a Health Savings Account? A health savings account may be the best kept investing and health-related secret. Yes, you may use your HSA account for medical expenses. However, if used strategically, this account can also grow your wealth—tax free—and/or lower your taxes as you contribute. Plus, an HSA has magnificent investment potential. How do HSA’s Work? To take advantage of the power of an HSA, decide if you’re eligible to open an HSA. Next, learn the contribution limits a…

7 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…

When and how much to allocate to speculative investments? If passive investing is the right strategy, is there room for any active investing?

The Fed and My Investments-Will They Go Up or Down? Whispers abound that the Fed intends to lower interest rates. Even a hint of declining interest rates can cause the stock market to rise. Learn about how interest rate movements can impact your investments. Investing is both science and art. One can do everything right and still watch their investments fall. That is because as much as we might  believe to the contrary, investors are not completely rational. Read any behavioral finance book a…

5 Step-Lazy Investors Asset Allocation Guide “Trying to consistently pick investments that are going to beat their benchmarks is like trying to win a marathon wearing muddy boots. There is a lot of drag, and your odds of winning are very low. The high costs associated with attempting to beat the market will almost guarantee sluggish results.” ― Richard A. Ferri, All About Asset Allocation, Second Edition Who doesn’t want to amass a lot of money for retirement? Of course you want build a big n…

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.