Susceptible to events 

Susceptible to events 

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The stock market has its waves of ups and downs. Many factors can affect the market’s direction. Economy, labor market, inflation, unemployment, political, and health news are just a handful of examples that can affect the stock market or individual stocks. Another recent example that everyone probably remembers is the covid lockdown and how the stock market temporarily crashed. As I’m writing this article, McDonald’s came into the spotlight with a potential health matter, e.coli, that hospitalized a number of people…

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My First ETF Purchase

My First ETF Purchase

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My last article I wrote about index funds and ETFs. These vehicles make it easier to invest in a broader scope than purchasing individual stocks. I’ve been a long time individual stock investment type of person and I’ll still continue that. After doing some initial research into ETFs and index funds, I decided that I will start investing with my first ETF purchase. An ETF is like an index fund except that it’s traded throughout the day like an individual…

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Index Fund and ETF

Index Fund and ETF

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There’s a lot of information folks are talking about and encouraging to invest in index funds and ETFs. These are considered as pooled investment vehicles. In other words, these are investment vehicles where you can invest in multiple equities simultaneously instead of having to invest in each individual equity. As an example, if you wanted to invest in the S&P 500, which is the largest 500 companies on the US stock exchange, you could buy shares for each of the…

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Early Financial Literacy

Early Financial Literacy

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When should you be learning about finances and when do we actually learn about finances? When I was growing up no one taught me directly about finances. I grew up watching my parents how they handled money with their own a small business and seeing how they operate it. I learned how to count cash, write checks, and deposit cash and checks. A little bit of accounting you can say. This was great exposure but it is just the tip…

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Interest rate cut, lock in a CD

Interest rate cut, lock in a CD

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The interest rates are expected to get cut by the Federal Reserve. Many have been waiting for this moment because the cost of borrowing money will get cheaper. When interest rates get cut so does the rates for mortgages, car loans, and your savings account rate. You can get an auto loan at a lower rate but don’t forget that your ability to collect interest on your savings account is affected also. I’m not in the market to get a…

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RMDs scare me

RMDs scare me

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Required Minimum Distributions (RMDs) is the minimum amount that the IRS requires you to withdraw from your pre-tax retirement funds annually when you hit age 72. This is not an option. When you withdraw from your pre-tax accounts, it counts as income and you will have to pay taxes. The point of investing your money pre-tax is that you defer paying taxes later on. Well, you will start to be forced to start withdrawing at the age of 72 or 73.  If…

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Know your expenses

Know your expenses

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How do you know how much you’re going to need in the future, whether it’s for retirement or early retirement? It’s simple but not as simple. What are your expenses going to be? What income and/or cash flow will you have? Two simple questions but not that easy to answer. Plus, who can predict what their expenses will truly be? One key to financial independence success is to know your expenses. Recently, I had to help my mom, who is…

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Savings tips while traveling abroad

Savings tips while traveling abroad

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Traveling abroad is an exciting adventure. Once you finalize your logistics, now it’s time to focus on the trip. As you start planning, you may not realize how much things start to add up. Excursions, tours, special restaurants, and anything else you are interested spending on will add up. I am currently traveling abroad and these are savings tips I’ve used while traveling abroad. Tax refund Certain countries will give you the money you paid for taxes on certain purchases…

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Travel abroad cost effectively 

Travel abroad cost effectively 

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Traveling abroad is an adventure. Trying new cultures, meeting new people, hearing new languages, and eating different foods are just a few reasons visiting another country is so exciting. It can also be a burden on you financially which could stray you away from even looking into it. How do you even start looking to travel abroad cost effectively?   I try to travel as much as possible for my family vacations. I want to expose my family to the adventures…

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Nvidia on Fire

Nvidia on Fire

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When looking into what to invest in, you have to do your research. I am still grappling the concept of AI (artificial intelligence) and how it has such an influence on us. A few months ago I watched a couple of YouTube videos showing how AI services can create an actual video by giving it certain criteria. From just commands and a description, AI can create an entire YouTube video. That is when I knew that AI was going to…

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