Nobody's a perfect investor, and we all make our share of mistakes. In the past, for example, I've unloaded stocks during a market crash out of sheer panic, only to regret that decision after the fact. Still, we can and should do our best to avoid falling victim to blunders that could negatively...
What is the face value of life insurance?
When you're buying life insurance, you might feel like you need a glossary just to even start the process. Even the best life insurance companies use industry lingo that can make buying a policy feel overly confusing.
As you're shopping for coverage, for example, you might be wondering,...
Budgeting tips for people with fluctuating incomes
In 2020, there were more than 64.6 million people working freelance in the U.S. According to Statista, by 2027, 86.5 million people in the U.S. will be freelancing, accounting for more than 50% of the total U.S. workforce. Freelancers, as you likely know, don’t get paid a set salary by one company; instead, these gig and contract workers make income from clients…
10 signs you really do need professional help filing your taxes
Paying taxes is painful enough. Why fork over even more of your hard-earned money to pay someone to prepare your tax return?
You probably don’t need to if your tax situation is straightforward. You can prepare your return on your own or with the help of tax software. But for...
The 50/30/20 rule: is it the best budgeting method?
Meeting your financial goals doesn’t happen without effort — and a big part of that effort includes deciding on and implementing an effective budget. Anyone who has wondered, “How can I save $10,000 in a year?” or “How can I make sure I have enough money left over each month for my bills?”...
The 8-step plan to achieving financial freedom
The late Jim Rohn, who spent 40 years as a sales expert and motivational speaker, would frequently discuss financial freedom in his podcasts. In his distinctive voice, he would emphasize the need to learn to work harder on yourself than you work on your job. He called making money…
Things to cut out right now to save money during the health crisis
As the COVID-19 pandemic rages on, the economy is taking a lashing and millions of people have lost their jobs. According to data published by the U.S Bureau of Labor Statistics on Aug. 7, the unemployment rate is at 10.2% — a definite improvement over April’s rate of 14.7%, but still a far cry...