If you had multiple jobs and multiple employers and took advantage of a 401K (if they offered one), then you likely have multiple 401K accounts. First of all, just because they’re retirement accounts doesn’t mean that you should forget about them. If you’re in this situation, your old 401K probably wasn’t on your mind when you left for another job. If you had another job lined up, you might have been focusing on leaving your current job on a good…
You probably have wondered whether some purchases you make are worth it or not. There will be moments where you will regret it and there will be moments where you’ll say, worth every penny. Of course, the less regrets the better the decision. I write this because my family recently made an investment into getting a family dog. We bought a one-way ticket on the Pandemic Puppy train. It was a long and hard family decision. I knew there would…
What does money mean to you? How do you see money as? Is making money a primary focus or life mission of yours? One thing you need to do is change your money mindset. I grew up thinking that making money is the end goal. Be able to buy things, be able to live in a certain area, have a certain lifestyle and status, less worries, and more. As I got older, matured, and lived through life events, my mindset…
You may have heard the term of compounding, compounding interest, compounding investments, or the compounding effect. In financial terms, Compounding is the process in which an asset’s earnings, from either capital gains or interest, are reinvested to generate additional earnings over time. I read a book called the Compound Effect, and what I learned Darren Hardy are principles of how to achieve results and being successful in life. How to win–every time! The No. 1 strategy to achieve any goal and triumph over…
Joe Biden was sworn in as our 46th President. He has a number of important items to tackle such as the coronavirus response, economy, immigration, climate, healthcare, and many more. With any new President comes new policies that will affect your investments and your financial future. What’s in store for us? Biden has already shared his tax plan and here are some of the proposals as cited at Forbes. Tax brackets for high income earners: Biden proposes to increase the top…
Dividends! That’s the money paid from by a company to its shareholders typically quarterly. You may have seen this as a potential type of income to supplement your income. If you have shares of Apple, Microsoft, Walmart, Home Depot, Costco, or any other company that pays dividends, you should see a dividend deposit into your account each quarter. There are companies that do not pay dividends. Companies like Amazon and Tesla do not. Before you consider any investment expecting to…
My wife and I were talking about how the pandemic changed our lives specifically the way we spend our money. Before COVID, we used to go out to happy hours, go out to eat, vacations, travel, and more. Now, we cook mostly at home, hang out at home, and haven’t gone on vacation or traveled as much. We realized something very important about our spending. It’s not about how much you earn, it’s about how much you spend. If you…
If you think early retirement is out of reach, think again. I thought that early retirement was out of reach but it’s only out of reach if you think it. Once my other half reached early retirement, I knew that we were headed in the right direction and that early retirement was actually feasible. In my site, I wrote about many topics that have helped us reach this milestone. I’m still on my journey but when I look back, these…
I’m always looking to see what my next investment should be. In 2020, I focused my investments in Apple (APPL) which turned out to be a win. I was able to get Apple before the 4-to-1 split. Before investing, always do your research. This is what my investment focus is in 2021. Now that 2021 is here, what is a good investment? It’s going to be tricky because we’re still fighting the impacts of COVID-19, many Americans are struggling because…
Want to lose weight? Want to turn that hobby into a business? Want to save money? Want to finally start that blog or vlog? Want to build more income? Want to be a nicer person? Want to give more? What’s your New Year’s resolution for 2021? My resolution is to stay consistent. 2020 was a very tough year to keep any resolution because of COVID-19. If you had problems keeping any resolution, why not try it again in 2021. Never…