Are you getting the best rate of return on investment? Kiplinger's Personal Finance Magazine annually discusses ways to boost your investment yield in their latest issue. I have to say that I am always pretty disappointed in their recommendations. I love the magazine, but I didn't really care for a list of mutual funds and Exchange Traded Funds (ETFs). But, I wanted concrete ideas on how to earn a 10% annual rate of return on my investments. US Treasuries are earning less than 1% and money market funds are not fairing much … [Read more...] about Ten Ways To Earn A 10% Rate Of Return On Your Investments
Why Your Spending In Retirement May Actually Increase
How prepared are you for retirement? If you assume that your monthly expenses will decrease in your post-working life, then you might be surprised to learn that many retirees experience the exact opposite. Instead, their expenses go up. How can that be? If you pay off your mortgage before retiring then perhaps your monthly budget will be noticeably lower. But, it’s not reasonable to expect your current lifestyle will drastically change in a more frugal direction upon retirement. There are many ways we psychologically approach retirement, … [Read more...] about Why Your Spending In Retirement May Actually Increase
Swell Investing Review – How to Invest in Socially Responsible Investments
For some investors, getting great returns on their investments is just one of multiple factors that influence how they allocate their portfolios. An increasingly popular trend among investors is socially responsible investing – or SRI – which emphasizes an individual’s responsibility to invest in companies and industries that seek to promote a better future for all of us with their innovative research and progressive solutions to societal problems. If you’re concerned about the future of humanity and the sustainability of Earth amid changing … [Read more...] about Swell Investing Review – How to Invest in Socially Responsible Investments
Setting Up an Estate Plan – 10 Reasons to Do It Now
Famed pop musician Prince passed away suddenly in April 2016, felled by the opioid epidemic ravaging America. As fans across the world mourned, reports emerged that the “Purple One” had died intestate — without a will outlining his final wishes, nor a trust set up for the benefit of his heirs. Prince’s situation was further complicated by his lack of direct heirs. He had no living children, who’d normally stand to inherit his vast wealth. After months of contentious legal battles, Prince’s several surviving half-siblings walked away with the … [Read more...] about Setting Up an Estate Plan – 10 Reasons to Do It Now
Five Red Flags Proper Bookkeeping Can Warn You About
As a small business owner in today’s highly competitive economic climate, it’s vitally important to make sure your company’s financial records stay up to date. If you’ve been doing your own bookkeeping, but you notice that more than a week has gone by since the last time you reconciled your accounts receivable with your accounts payable, it’s probably time to begin thinking about outsourced bookkeeping. Outsourcing your bookkeeping will free up a lot of time that you may be able to spend more profitably grow your business. This solution … [Read more...] about Five Red Flags Proper Bookkeeping Can Warn You About
4 Ways to Integrate Irregular Expenses into Your Monthly Budget
Budgeting is one of the most important aspects of organizing our lives. But, far too few people ever truly stick to a budget long-term. Why’s that? Because budgeting seems too difficult or boring to pay close attention to. Many of us would prefer to “set it and forget it” and hope you come close to your projected income and expenses for a given month. Unfortunately, attention to detail is crucial when it comes to budgeting. That's because irregular expenses and income can mess up your calculations pretty quickly if you’re not paying … [Read more...] about
How to Earn Extra Income and Save Money Grocery Shopping with InstaCart
By some estimates, online grocery shopping is expected to grow into a $100 billion industry by 2025. While Amazon currently leads the pack thanks to its Amazon Prime membership benefits and the recent acquisition of Whole Foods, there are a couple great alternatives for consumers who don’t have Prime memberships or want to shop from local stores. How to Save Money Shopping with InstaCart One grocery delivery service that’s been increasingly popular lately is Instacart, which lets you order food from your favorite grocery stores (much more … [Read more...] about
Selling Your Home to Fund Retirement – 5 Factors to Consider
If you are ready to retire, you may wonder if what you have saved up over the years will cover all your costs. A 2018 report revealed that many Americans have less than 15 percent of the amount needed to retire comfortably; however, while this can be a troubling thought, there are a few ways you can boost your savings. One popular way for many people to fund their retirement is to sell their home, and if you are considering this course of action, there are a few factors you may want to think about before making a final decision. Top 5 Things … [Read more...] about Selling Your Home to Fund Retirement – 5 Factors to Consider
Why It Just Makes Sense to Have an Online Savings Account
The following is a post from Clint Haynes, a Certified Financial Planner® and Financial Advisor in Kansas City, Missouri. He is also the founder and owner of NextGen Wealth. If you'd like to contribute a guest post, check out Money Q&A's guest posting guidelines. If you’re reading this, then you probably have some kind of understanding of online conveniences. Maybe you also check your email or shop online. The point is that the virtual world offers some real advantages, even in ways that you might not have considered. Take … [Read more...] about Why It Just Makes Sense to Have an Online Savings Account
Top 4 Ways to Actually Save Money on Everyday Expenses
Daily life adds up to be really expensive really quickly. From housing costs to food to transportation, before you know it a good chunk of your paycheck is gone after putting it towards everyday expenses. While location makes a huge difference in the cost of living, studies have found that in 20 major cities, the income to live comfortably has increased by at least 23% in the last few years. Even though the cost of living continues to increase in most cities, there are proven ways to cut costs to keep more money in your pocket. Here are … [Read more...] about Top 4 Ways to Actually Save Money on Everyday Expenses
What Is Geo-Arbitrage? And How You Can Profit From It!
If you’ve ever dreamed of quitting your day job to travel the world, then you’re not alone. Many of us can only imagine having enough time and money to travel to our hearts’ delights, but rarely do we actually try to make it happen. There’s a reason why those stories about couples quitting their corporate jobs to live on sailboats or solo globetrotters living in different Airbnbs every week make the news. It doesn’t happen to most people! So how do these people do it? Do they have millions of dollars stashed away in investment accounts and … [Read more...] about What Is Geo-Arbitrage? And How You Can Profit From It!