You’re paying fees to invest. Even if you don’t think you’re paying fees to invest, you are still paying fees to invest. All mutual funds and all exchange traded funds (ETFs) have management fees called expense ratios. It is okay […]
What If… You Were Completely Debt Free?
Following up on the last post, “What is the Money Value of Your Time?”, I’m moving into a series called “What if.” This series will explore various topics in personal finance in a different way. Each post will start with […]
What’s Your ‘Why’?
In my last two posts, I went over the “Latte Factor” and excuses for not saving money. Maybe those posts got you thinking about your money. Those posts were a lead in for today’s post. There are many reasons why […]
“I can’t” “Next month” “Once I…”
We live in a world full of excuses. Many people (maybe even you) make excuses for not being able to save money or manage their personal finances. Below are a few examples, but there are millions out there along the […]
What is Your Latte Factor?
A cup of coffee here. Take out there. A new pair of shoes. A new pair of jeans. Another streaming service. We all buy things and many of us don’t realize just how much money these ‘little’ things add up […]
The Two Sides of Investing Fees
For everyone that owns mutual funds or exchange traded funds (ETFs), there are costs associated with owning them, and they are not equal. Even if people are aware of the fees they are paying, they are likely unaware of the […]
Where Should You Save?
In Step 5 of the ‘Rat Race Off Ramp’, I wrote about how to ‘Ramp Up Your Savings’. Today, I’ll go over where those savings should go. For the most part, where you save and invest comes down to when […]
Step 6: Review Your ‘Race’ Status
Updated: May 2021 We’ve completed the first five steps of the ‘Rat Race Off Ramp’. Now, we are on to the final step: Step 6: Review Your ‘Race’ Status. Building wealth and achieving financial freedom is a lifelong endeavor, and […]