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I have been on the journey toward financial independence for a long time.  I started saving and investing to reach financial independence at age 20.  When I decided that I wanted to become wealthy, I knew that I needed to be educated on how to turn this goal into a reality. While at college, I studied Business Management.  Even though I tried to take as many

As an individual, it is important to know where you stand as an investor.  To succeed, you need to know your goals.  For most individual investors, their goal is to be able to fund their retirement expenses or even to be able to retire early.  Other goals might be paying for a child’s education, starting a business, or building a dream house. To reach those goals,

Since I started studying investments, I can recall that there has always been a hot investment that was sure to make anyone who invests in it rich with little effort.  In the 1990’s, it was the dot.com stocks being traded on new online trading platforms.  In the mid-2000’s, it was flipping real estate.  Currently, it is hard to find a financial media outlet that is not talking about

Hello and thank you for taking the time to read how The Financial Journeyman has performed during the fourth quarter of 2017.  It has been exciting creating and developing this blog.  This is the first time that I have ever created a blog.  There have been some ups and downs, but it has been mostly a positive learning experience. My journey toward financial independence started

Balance is important in almost every area of life.  We should eat a balanced diet including food from every food group to ensure our bodies get proper nutrition.  We should balance the type of exercise we perform including strength training, cardio, and stretching.  Having a good work-life balance leads to improved productivity and happiness.  There should also be a balance in how we invest. To add balance

  Health Insurance is your protection from life’s medical emergencies. Health insurance works like this: You pay a monthly subscription fee to a health insurance company, the health insurance company agrees to pay most, but usually not all of your medical bills. Health insurance provides money to pay for health care in 10 specific categories:

  1. Emergency medical services, such as ambulance rides to the hospital

Is your goal to reach financial independence?  Do you want to retire early?  If you have an ambitious financial goal, there are many things that you must do correctly.  For example, you need to always be working on improving your ability to earn more money.  You must live below your means.  You must invest wisely in stocks and bonds.  It is also important to take advantage of

2017 is in the books.  2017 was a year to remember.  It was full of surprises.  You never know what is around the corner.  At the start of 2017, creating a blog was not on my list of things to do.  The Financial Journeyman blog is now almost 9 months old.  That is just the result of being present and taking advantage of what life has to

INTRODUCTION As the saying goes, necessity is the mother of invention. The economy of the world is expanding even though it has passed through some turbulent waters since the start of the new century. Business must make progress and innovative business minds will discover how to survive and grow even during times when credit is tight. There are many projects and opportunities out there.  Many are

Do you dream of being debt free?  As long as a person has debt, they are working for someone else.  Unfortunately that someone else is a bank.  The ticket to be debt free is to change how you are managing your finances. Today, debt is as American as apple pie with trillions owed in mortgages, auto loans, and credit cards. Household debt in 2017