We're now in the '20s, can you believe it? Cue the jazz music and all-time stock market highs. Well, perhaps jazz music won't be as popular as it was a century ago, but we do currently have a rather vibrant economy at the moment as we did in the 1920s, and the stock market has … Continue reading One Investing Chart Shows Why the Long Term is What Really Matters
The short answer to this question is no. The longer answer is still no as a general rule, but it may be a consideration in some very limited circumstances. Here's the rationale behind not cashing out the 401k. Sure, it may be tempting to take that big chunk of that savings and throw all at … Continue reading Should I Cash Out My 401k Early to Pay Off Debt?
It's easy to think that if we earned just a bit more money, we'd be able to get ahead; that a few hundred dollars more a month will do the trick, or that a six-figure income is what really makes becoming wealthy possible. But contrary to popular opinion, that's simply not true. You may have … Continue reading Money Won’t Solve Your Financial Problems
If you're married, do you remember when you and your spouse were dating? Do you remember how much time you spent together, nurturing the relationship, building intimacy and trust over months and years? I certainly hope you do! You may not have consciously noticed it, but what you were doing was intentionally focusing on your … Continue reading The Power and Necessity of Focus
In Chris Hogan's recently published book Everyday Millionaires, he wrote about some really fascinating statistics on typical American millionaires. The truth is far from media portrayals. Few millionaires ever hold an executive position, nor are many of them celebrities or professional athletes. Most simply worked hard over their entire lives, stayed out of debt, and invested … Continue reading 97% of Millionaires Believe This One Thing, And It Makes ALL The Difference
For nearly two generations, Americans have come to see the Social Security program as the default retirement plan for when we end our time in the workforce. Since 1935, Social Security has provided retirees with a set amount of money each month, based on what they had to pay in during their working lives. Nearly … Continue reading Why Can’t I Just Rely On Social Security For My Retirement?