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When you hear about investing for retirement, you usually hear about mutual funds.
More specifically index funds. Especially if you have been reading my articles.
It’s not just me.
Index funds are widely held as one of the best investments for retirement.
Especially if you want the easy way out.
Even Warren Buffett recommends index funds for the average investor.
That’s all good and well, but there are 1000s of index funds, which ones should you invest in?
Good question and here is the answer…
Welcome to my 2nd link roundup.
This month I have been searching for the best and my favorite articles on finances.
There are 10 great articles here.
Take time to read through these articles.
You can learn a lot from them, but also be sure to check out the rest of the site when you read an article.
These are all great blogs…
Today is the 2nd and final part in this series.
If you missed part 1, you can read it here.
One of the discussions that came up in part 1 was about investing instead of paying off your home early.
It’s a common perspective that you shouldn’t pay off your mortgage early, but you should invest the money instead.
It makes sense, because mortgage rates are low right now and you can probably earn more by investing than you can save by paying off your home early, but there is actually a way to take advantage of both!
It’s not always about having the highest return, sometimes it’s simply about being totally 100% debt-free…which is an amazing feeling.
Soon I’ll be publishing an article on how to get the best of both worlds, but for today, here is part 2 of what you should know before you start paying off your mortgage…
“I’m in debt. I am a true American.” -Balki Bartokomous
It’s true. Just about every person in American (and much of the world) is in debt.
We are so used to it that we even consider ourselves to be debt-free when we still have a mortgage.
You know how it goes…
“Yeah, I’m debt-free…well, except for my house.”
If you have a mortgage you are not debt-free.
But you can be…
There is a lot to know before you start paying off your home early…
To rent or to buy…that is the question.
I recently wrote an entire 2-part article about this.
This infographic explains a few more points.
It’s not an easy decision, so you will want to do some research.
You’re in the right place…
Have you ever consistently watched the price of a stock?
You probably noticed that the price changed everyday.
It may have went up one day, down the next and back up the following day.
That’s typical for any stock.
But what causes a stock price to change so often?
It’s simple, all kinds of things…
Last week, we compared renting to buying.
I wrote about powerful strategies for paying off your mortgage early.
That’s for those of you who decided to buy.
But, before you decide to pay off your mortgage early, you need to ask yourself a very important question:
Should you pay your mortgage off early?
Some people believe paying off your mortgage early is dumb. Let’s see why they think that…
Do you save for your children’s education?
Or do you plan to start?
If you think it’s important to help your child with college expenses, you are in luck, because you have some options.
One of the most common ways to save for education is through a 529 plan.
A 529 is like an IRA for education.
Let’s see how a 529 can help you…
Welcome to part 2 as we are asking the question:
Should you buy or rent your home?
In part 1, we covered the usual home buying story.
We also covered what do to when the answer is obvious and some of what to do when the answer is not obvious.
Let’s dive deeper into what to do when the answer is not obvious.
We are going a little further into the actual pros and cons of each side and taking a closer look at the buying vs. renting debate.
Let’s see what makes the most sense for you…
Should you rent or buy your home?
A common, yet complex question.
If only the answer was as simple as choosing one of the two.
We’re not that lucky.
In fact, if anyone tells you that one is always better than the other, just smile and nod.
And then stop taking advice from them…
I just published an awesome guest post, which was an inspiring story about working full-time while paying for college.
I think it’s only appropriate that I follow it up with an awesome infographic about the debt of college.
If you are considering college, you will most likely incur some degree (no pun intended) of debt.
This is the question we face: Is the degree worth the debt?
It’s a black and white answer. The answer is yes.
Well…sometimes it’s yes…other times it may be no.
Did I say black and white? What I meant was…
Higher education is a goal for many, but not everyone can afford to cut back on work hours to make it happen.
Even the hefty price tag of a degree these days is enough to deter people from chasing after their dreams.
I was an average 20-something year old who desperately wanted a graduate degree, but faced the same challenges with finding the time and finances to make it happen.
Here is how I successfully juggled working a demanding full-time job while completing a full-time MBA program in exactly two years…
“The goal of retirement is to live off your assets-not on them”
Rule No.1 of living off your assets: You must have assets.
You may plan to retire. You may not.
Either way, it’s a good idea to have a plan for wealth building. You may need it.
So, when do you start planning for it? And how do you do it?
This is my first finance link roundup.
What is a finance link roundup, you say?
It’s simply a collection of the best in finances around the web.
Articles, stories, news, etc.
Here’s what I have for you this month…
In 1982, when Forbes began ranking the richest people in the world, the qualification to be listed was only $75 million.
At that time, there were 13 billionaires on the list.
Today there are over 1,400 billionaires around the world.
From the stock market to businesses to commodities, they are all involved in some form of investing.
Here are some investing lessons we can learn from them…
This is the final article in this 3 part series.
Have you added some of these tips to your life?
After you read these last 7, feel free to add more tips in the comments.
Today you will learn some great tips on saving money with babies and saving money while shopping.
Here are the last 7 tips (tips 15 through 21)…
Would you like to be able to access all of your finances from one spot?
Your bank accounts, investments, mortgage, bills…everything.
Wouldn’t it be great if you could get that for free?
Yes. Yes it would. And you can.
Let’s see what Mint.com can do for you…
Continuing on with this 3 part series, I bring you part 2!
If you missed part 1, don’t worry!
You can check it out here.
Today you will get some great tips for saving on medical expenses, as well as saving on day-to-day stuff that parents are fortunate enough to deal with.
Here are the next 7 tips (tips 8-14) for child-proofing your finances…
From door handles to baby gates to the cabinets under the sink, we do a thorough job of child-proofing our homes.
But do we make sure our finances are child-proof?
With children come new expenses. Expenses that can get out of control if we don’t have a plan.
This 3 part series is part of that plan.
Here are the first 7 tips for child-proofing your finances…
How are your New Year’s resolutions going?
Are you sticking to your goals?
Have you already given up this year?
Did you change your mind? Did you decide it wasn’t for you?
This is probably what happened…
You know the books that are hard to put down.
I mean…you know you should probably be working on a project or doing some household chores, but…the book is just so good.
And you will just read one more page…okay, maybe one more.
Before you know it, you’ve finished the book…in one sitting.
It’s happened to me. Actually, it happens all the time.
With other books, you will find that once you put it down, it’s hard to pick it back up again.
What makes the difference? What makes a great book…great?
I have written an article explaining stocks before, but a stock is not always an easy concept to understand.
We know that a stock is a share. A share of a company. A public company.
But what does that mean? How are stocks formed? How did stocks originate?
Those are just a few of the questions that this infographic answers…
You are your child’s first teacher.
We need to be instilling the “right mindset” even if we don’t have all of the “right information”.
Start instilling the right mindset by watching what you say and possibly changing what you say.
These are 4 things that you should never say to your children about money…
There is a word.
A word that you have heard me use many times.
A word that has changed spending, saving and investing.
What is the word, you say?
Don’t pretend like you don’t know. The word is…
You have heard the term 401(k) before.
You know it has to do with retirement.
You may even contribute to a 401(k), but do you fully understand it?
It’s simple to understand what it is and how it can help you.
Let me explain…
Handling money. Getting out of debt. Credit cards. Buying a house.
We learn all about it in school, right? Not so much.
Personal finance is a topic often forgotten in our school systems.
Why is that? Government conspiracy, perhaps? Not enough time in the day?
Honestly, it doesn’t matter and you can’t change what you weren’t taught, but you are fully capable of changing what you teach yourself and who you listen to.
That’s what this is about…who you listen to…
This is a list of 18 one-sentence tips that will drastically improve your finances. These are quick tips, but they will surely make a huge improvement if you take them to heart.
Remember, just because you have heard some of these before, doesn’t mean you actually absorbed it. Read the list slowly and see if you can implement some of these, especially things that you may have “already heard”.
Hearing alone doesn’t help. It’s about acting and implementation.
Without further ado and in no particular order, here are a total of 18 One-Sentence Tips for your finances…
This is a great infographic that explains the things that are stealing your time and your productivity.
Here are some of the things that could be killing your productivity:
- Your email
- Your desk
- Other people
- Impossible to-do lists
What can you do to fix it? Read on…
Do you remember the things “you used” to be able to do?
What about the things you “used to” have?
This applies to your finances, but it also applies to almost every other area of your life.
So let’s get to the point.
Stop talking about the past and start living in today. How often do we hear things like this…
Do you want to be more productive?
Do you want to make the most out of the time you are given everyday?
I know I do. I am always looking for ways to become more productive.
What about productivity in your finances?
It’s productivity week here at MoneyMiniBlog and I was fortunate enough to be able to interview the Productive Superdad himself: Timo Kiander.
Let’s see what he can teach us. Here is the interview…