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There are many different approaches an investor can take in managing their money.  Some approaches are hands-off and require little effort to maintain the desired asset allocation.  Other approaches are more time intensive and might require daily or weekly management.  There are other approaches that fall somewhere in-between. No matter how you decide to invest, you need to have an investment philosophy.  It should be part

Money can do many things.  If you have money, you can live life to the fullest.  Money enables people to cover all their necessities including food, shelter, and healthcare.  Having money is a key requirement to get the best education in the classroom and by way of traveling the world.  Money is also required if you want to add convenience and have some luxury in

There are many different economic factors that can change interest rates.  The Federal Reserve can act to change interest rates.  Interest rates can be lowered to increase borrowing and spending during a slumping economy.  Interest rates are also used to manage inflation. No matter what causes the change in interest rates, the change has a direct impact on how bonds are priced.  When

Have you ever considered selling all your stocks or stock mutual funds when you retire?  Who wants to have to deal with the ups and downs of the markets when you are no longer dollar-cost-averaging?  Are you afraid of a major market crash when you are drawing down your portfolio? The market is near its all-time high.  With retirement right around the corner, are you

Very few purchases are as stressful as buying a new car.  Next to buying a house, a car is the second largest purchase that most people make.  Since it is such a large purchase, it is wise to do some research before you sign on the dotted line.

When it comes to finding ways to better manage your finances, there are unlimited resources.  There are many great books, blogs, forums, websites, and apps.  There is not a shortage of information, tools, or even professional services.  If a person wants to make improvements when it comes to spending less, paying down debt, saving more of their earnings, or learning to invest, they could

Have you ever thought about joining a board of directors for an organization that you are interested in serving?  I recently was invited to join the board of directors for a local non-profit organization.  It was flattering to be invited.  Of course, I jumped at this opportunity to be of service. My wife has always been involved in community and church service.  Slowly, her good

The following is a sponsored post provided by Blueprint Income. Planning for retirement is challenging. It’s the most complicated time in our lives, financially. When you’re young, all you really need to do is save. But, eventually saving won’t be enough. You have to start figuring out how you’ll actually survive in retirement. And it’s not the same as surviving today for 3

Buying a house is a major decision.  For most people, it is the largest major financial decision that they will ever make.  There are many aspects to consider when deciding on a house.  Do you want to live in a city, the suburbs, or in a rural area?  Finding your dream house and neighborhood can be a major undertaking. My wife and I have lived in

Until recently, I have never tried travel hacking.  As a member of the financial independence community, I have not looked favorably at credit cards.  I saw them as a way for undisciplined people to spend more than they earn.  In my opinion, I saw them as tools that banks use to hack high fees and interest payments out people who have fallen victim to materialism. My view on credit