What’s the biggest financial mistake that you can make? I’ll let you think about it for a second. Is it choosing the wrong investments? Not saving for retirement? Or keeping a balance on your credit cards? Excessive spending? There’s a place for all of those. But I don’t think that’s the biggest mistake we can make when it comes to money is procrastination. We all procrastinate, we all push things off at times. Even when we know we shouldn’t. And…
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How To Select 401k Investments
You’ve just started a new job – Congrats! The human resources department has probably handed you a stack of paperwork as big as a college textbook, and there’s a pretty good chance you haven’t looked through every single thing that they handed you. One of those documents was probably the investment options that you have in your 401K. Maybe you looked at it, got overwhelmed, and just ignored it. Or maybe you just picked an option and haven’t thought much…
Ten Rules To Build Wealth
One of the great benefits of living in the 21st century is the plethora of information that we literally have at our fingertips. However, there’s a downside to that as well: it’s called information overload. With so much knowledge out there, it can be hard to wade through what’s important and what you can (and should) ignore. That’s especially true when it comes to money. Which is why I’ve created a new video on my Ten Rules To Build Wealth….
Are Investing Apps Worth It?
A lot has been made recently about investing apps – apps that can help you save a little bit of money here and there and then turn that money into investments in the stock market. But are they worth your time? Or should you be spending your energy elsewhere? I answer those questions (and more!) in the video below. Be sure to comment and let me know what you think.
Are Credit Scores Sexist?!?
I was hanging out with a friend recently and they asked me a question I had never considered before: Are Credit Scores Sexist? I did some research on the subject and this is what I came up with: What do you think? Are credit scores sexist? I’d love to hear from you – respond on the video or send me an email: scott@dev-forthrightfinances.pantheonsite.io And before you go: Are you looking to have a better relationship with money? Do you struggle…
What To Do In Volatile Markets
So far in 2018, we have seen a lot of market volatility. There are various reasons for the volatility: trade wars, tweets, interest rates, and more. In fact, 2018 has been the most volatile year in the markets since 2008. While this year has brought on more volatility than normal, this type of volatility isn’t unique. In fact, volatility is a normal part of investing and something you will experience quite often if you’re going to be invested for multiple…
Your Credit Score Is Overrated. Focus On This Instead.
We hear so much commentary about our credit scores. Hacks to get a perfect credit score. Why your credit score is oh so important. Why your credit score will make you a happier person. After a while, it’s easy to fall into the hype and start obsessing over your credit score. Now, there is some merit in the importance of your credit score. It helps you secure better borrowing terms for loans, lowers your insurance premiums and opens up opportunities…
Don’t Mix Politics And Money
Let’s face it: we live in a hyper-political world. Everything and everyone seemingly wants to bring up the latest political news. So it’s easy to think that politics is all-encompassing. It’s in the news, of course. But it’s also in sporting events, talk shows, and even comedy shows. It’s everywhere. But even if politics is everywhere, there’s one part of your life where it should be avoided at all costs: Your Money. Mixing your money and your politics is one of…
Why You Should Work With A Certified Financial Planner
The decision to work with a Financial Planner is a big one. You’ve made a decision that you need a competent professional to help figure something (or a lot of things) out. You’ve decided that you’re going to open up about your finances and share everything with someone you’re just getting to know. And trust that they can help you. So it’s understandable that once you make that big step, you don’t want to screw it up. You want to…
Three Benefits of Health Savings Accounts
Are you looking for ways to decrease the taxes you owe? Or have some of your investments grow tax free? If so, read on as I describe three benefits of Health Savings Accounts (HSA). But before we get to the benefits, we have to detail who these plans are suitable for, and the one big disadvantage to them. The big disadvantage to an HSA is that you must have a high deductible health insurance plan. Which means that while your…