Robo-advisers have become tremendously popular over the last decade, and rightly so. They automate the investing process for you, making it simple to invest in a diversified portfolio of assets, and they charge much less than a typical financial adviser. So it’s little wonder that many investors have turned to them, and robo-advisers now manage hundreds of billions…
Where is the best place to put your savings?
If you're working toward a savings goal, you have a lot of options for where you can put away your cash. Savings accounts, certificates of deposit, money market accounts, cash management accounts and investment accounts are all possibilities.
So which should you choose? That depends on how far away your...
This myth debunked: You don’t have to be wealthy to hire a financial advisor
There’s a big misconception that financial planning is only for the wealthy. The truth, however, is that financial planning is a path for anyone to actually gain wealth.
The objective of financial planning is to get people to their desired life goals. It doesn’t matter when you start or how much money you have, experts…
Why you should build a personal reputation before starting a business
Before you start a business, you should consider building a personal reputation. You might be able to do this naturally by accomplishing noteworthy achievements in your field. But for most people, that means going out of your way to build up a personal brand on social media.
Why is your personal reputation such an important factor for…
How to continue investing in your small business team when your budget is tight
These four low-cost ideas can go a long way.
Let’s face it: In the midst of a pandemic and a recession, your budget at the end of 2020 may look a lot different than it did at the beginning. That means even if your business hasn’t shuttered, you still might not have the resources to spend on building your business that you expected to…
Investment property and your financial portfolio
If you’re one of the lucky few who has already built a sustainable budget, saved for an emergency, and are well on your way to a healthy retirement fund, it may be time to think about diversifying your financial portfolio.
Why not consider an investment property? Before plopping down a bunch of your hard-earned cash on a house, here’s what you need to know…
What is my liquid net worth?
Calculating net worth and liquid net worth can provide two valuable snapshots of someone’s financial health. Both look at what someone owns and what they owe. Both can help measure how someone’s progressing towards their goals.
But while net worth offers a more panoramic view — taking in all…