January 2012

How to Raise the Next Millionaire Entrepreneur

The following is a part of Yakezie’s blog swap from Marissa. She writes about life after grad school, and personal finance over at Thirty Six Months. You can check out my post on her site. I was an inventive child. Inventive in a way to ask my parents for a bigger allowance if I did extra chores, asking my siblings for a part of their allowance as a fee for being younger than me etc. Some of those ideas worked and some of them got me grounded for bullying my little sisters. The point is that when your child has the entrepreneurial spirit in them and wants to earn extra income with their creativity, do everything you can to encourage … Read more

The Beginner’s Guide – How to Find a Mutual Fund That’s Right for You

by Hank Coleman

Baby Step 4 - Save 15% Of Your Income For Retirement

There are tens of thousands of mutual funds out there for investors to choose from. It is very intimidating for new beginner investors to learn how to find a mutual fund that is right for you and your financial goals. Where do you go to start looking for the right mutual funds to invest in? What are some of the characteristics that you should look for when determining how to find a mutual fund? Below are some of the things that you should consider when learning how to find a mutual fund that best fits your needs. Where To Start Finding Mutual Funds One of my favorite places to start the search for a new mutual fund to invest in … Read more

The Dangers of the Death of a Beneficiary

by Hank Coleman

The beneficiaries you name in your will to receive your assets after your death or to care for your minor children are more than likely very close to you or even members of your own family. While the death of a beneficiary is a sad time in a family’s life, it is also a time that you have to take an introspective look at your own estate plan. That is the time that you need to update your will kuvubf=g and any beneficiary documents. Most investment companies that manage your Roth IRAs, 401ks, and other investment accounts allow you to name a beneficiary in order for those assets to skip probate court and be distributed directly according to your will. … Read more

What Is Passive Income? Here Are Two Ways To Earn Passive Income

by Hank Coleman

You can make money while sitting on the couch. You can continue to make money in retirement. What if you could make money without even trying? What if your money could make money for you?

That’s exactly what is passive income and what it means. There are several ways or investments listed below that I have been using to earn a passive stream of income.

What Is Passive Income?

What is passive income? Passive income is making money without having to do anything. Passive income is earning an income on autopilot. Passive income is setting up some investment, job, or system that continues to pay you without you having to do anything. It does not require you to manipulate anything.

Top 4 Great Benefits of Buying a House You Need to Know

by Hank Coleman

Tips Saving Down Payment and Buying A House With Student Loan Debt

Buying a house is still part of the American Dream. There are several great benefits of buying a house that you should be aware of. While today’s housing market and the significant lack of available credit makes owning a home more difficult, it is not impossible to purchase a home. With good credit and down payment, you can find a mortgage to purchase a new home. Renting should not be your default option when there are so many great benefits of buying a house. Four Great Benefits Of Buying A House Forced Savings One of the greatest benefits of buying a house is that it forces you into a set savings plan. Every payment that you make on your mortgage … Read more

Ten Ways To Inspire Yourself To Save And Invest

by Hank Coleman

You may have noticed that learning to play the guitar has been on my list of 100 goals to complete before I die. Not only have I been taking guitar lessons from a teacher locally, but I have also really enjoyed the lessons that Nate Savage from GuitarLessons.com puts on his site and on YouTube.

Recently Nate sent out an email to his newsletter subscribers (you can subscribe to the Money Q&A newsletter here) about meeting an incredible guitar player and one of his heroes that inspired him to strive to become a better guitar player. His video (seen here) got me thinking. What inspires you to become a better saver or investor?

You should and need to be inspired. For many people starting to save or starting to invest is a hard proposition. Far too many people think that they simply can’t save for retirement. They face living paycheck to paycheck and feel like they can’t get off of that rut.

But, you can. You can get inspired to save and invest. Starting is often the hardest part. Below are ten great ways to inspire yourself to start saving and investing, and if you are already saving and investing, hopefully these tips will inspire you to keep going and boost your financial wellbeing.

Ten Ways To Inspire Yourself To Save And Invest

Meet Someone Famous – Like Nate Savage meeting a famous guitar player, I meet Gary Vaynerchuk at a book signing back when he was promoting his book, “Crush It!“. It was incredibly inspiring to meet him, listen to him talk, and get to ask him a few questions. I was on cloud nine for weeks and weeks, full of aspirations and inspired like never before.