After many years of saving and investing money for retirement, this may very well be a question you never bothered to ask yourself. After all, the basic purpose of retirement planning is accumulating a sufficient amount of money so retirement can happen in the first place. You may think the question, “how should you spend […]
Tax planner, financial planner, and financial advisor — what’s the difference between the three? Sometimes a lot, sometimes not much. Each of the three serves in an advisory capacity with regard to at least some, and sometimes all, of your personal financial situation. So which one is best for you and your investment situation?
Have you ever considered that being an investor should cause you to spend differently? After all, as an investor you’re naturally oriented towards preparing for the future. This should have a big impact on how you spend money. In the opposite direction, non-investors tend to live in the present, and this has an effect on […]
Once interest rates reach near zero levels (which is where they were through the early part of 2013) there’s nowhere for them to go but up. That’s exactly what they started to do last spring, particularly once the Federal Reserve began sending up smoke signals about their bond buying tapering. The good news on interest […]
Net worth is probably the single most important measure of personal wealth, which is why knowing your net worth is so important. This is particularly true if your plan is to increase your wealth in order to achieve financial independence and reach retirement. But what is it exactly and how do you calculate it?
Setting realistic investing expectations is the only strategy a serious investor should use to build wealth. It’s about focusing on the long-term and reacting with a level head to the market conditions. If you are a veteran investor, you are probably already aware of this, but even then you may need to be reminded. And […]