The one crappy thing about getting older is more family and friends in your network start to get ill and pass away. I'm still relatively young, but many people in my circle of family and friends are getting up there in years. The only person I know of in my family who lived super long was my great grandmother who was in her upper 90s when she passed. I clearly remember meeting … [Read more...]
Active investing vs passive investing: Which is better if you want to get rich?
One common trait amongst the rich is they invest their money. They know better than to keep all of their savings in cash and let it lose purchasing power over time due to inflation. Instead, they put their cash to work so their money can turn into even more money. Makes sense, right? Nobody can become an investing expert overnight, but everyone has the opportunity to learn … [Read more...]
Single? You need to save for retirement too!
A common mistake a lot people make when they’re single is overlooking the importance of saving for retirement. If you have no one to depend on except for yourself, you may be blindly near sighted with your finances. Of course you know you need to make enough money each month to cover your living expenses, but if that's basically as far as you've gotten with retirement … [Read more...]
Are you prepared for when the good times end?
Do you ever get a sinking feeling that something's about to go wrong or that the start of something bad is already under way? That's a bit how I feel lately. Fortunately, I'm not talking about my health or my loved ones. I'm talking about the economy. I'm no longer wondering if we're going to have a recession in the U.S.; I'm wondering when. Are you prepared for when the good … [Read more...]
What’s the point of life insurance? Here are the benefits!
The following post is sponsored by Haven Life, which offers the first place to buy life insurance online in just 20 minutes. Compare that to the traditional 4 to 6 week timeframe common with most insurers. The Haven Term policy is issued by MassMutual, which has an A++ rating from AM Best.* When I was in my 20s, life insurance didn’t cross my mind at all. I remember reading … [Read more...]