Investing can seem like a black hole where the majority of us are wondering what really happens when you hand over your money. There are things that brokers and other investing financial experts know that we have no idea about, but that affects what happens to our movie. In this episode, Meinna Gwet discusses investing. She uncovers some of the uncommon knowledge about what it really means to invest.…
In this episode Jamila explains what a freedom plan is, how to create one, and how she and her husband saved and invested over $85,000 in one year. Join Jamila and I to learn how to design a freedom plan to meet your financial goals. Jamila Souffrant Jamila is a Certified Financial Education Instructor (CFEI), blogger and money coach. She is the founder of www.journeytolaunch.com where she blogs about…
I’ve had many people ask do I need an IRA? So many individuals don’t know what an IRA really is and why they need one. They think that having a 401(k) or similar account from their employer is enough to prepare for retirement. It’s not enough! In a study Fidelity Investments revealed, 49% of the people based their retirement on a date not on whether they had enough money to…
Have you heard of automated financial advisor platforms? You may be able to get started investing with less than you think. Usually when you think of a financial advisor you picture going into an office to meet a person. This person is a financial advisor and will learn about your money situation and prove they can help you reach your financial goals. However, with the rise of automated financial…
A financial expert is great to provide resources and information as well as provide accountability and feedback. However, it may be confusing on how to pick a financial expert. In a previous article I talked about how to determine which expert you need. Once you have determine which financial expert you need, then comes the task of picking one to hire. So you’ve probably heard that you should get recommendations…
You’re on a journey to make progress with your money and build wealth. As you’re working on increasing your net worth and investing for retirement you’ll get to a point where you need a financial expert to assist you. We all do, we can’t know everything. So how do you figure out who you need? A financial advisor, planner, consultant or coach? Many people think that they know what…
I often get the question “what should I be doing with my money.” This prompted me to write articles on the top money tips for your age across the decades. We just talked about actions to take in your 20s and 30s to increase financial fitness and do the best with your money. If you haven’t started or accomplished the steps from a previous decade now may be a great…
No matter your age you hear about 401(k)s and IRAs, retirement investment accounts. You hear over and over that you need to be ready for retirement. You need to know your nest egg number. You need to save and invest now so that you’ll be comfortable later. You’ve probably seen the charts that show if you contribute steadily starting in your twenties, you will be a millionaire by the time…
The terms financial freedom and financial independence generally refer to the same concept or ideal. However, individuals consider them to mean different things. For some they mean debt free, having the ability to live without working to earn income, or being financially secure and not stressing about money. Whatever your definition of financial freedom, there are some key actions that you should take to get you on the right path…
During tax season, most people get a refund after filing their taxes. Many of us then start to consider how we can save money on taxes next year and what we will do with our tax refund (if we haven’t completed planned it out already). Many people offer advice on things you should do throughout the year to save money on taxes the following year. Some suggestions I think are…
