5 Easy Ways To Lose Money And Become Broke – Investing Mistakes

5 Easy Ways To Lose Money And Become Broke - Investing Mistakes Budget Picture

Whether we are talking about investing in the stock market, real estate, material objects, or something else, I’m sure all of us have heard a story about someone losing their money by making some sort of investing mistake.

While we all hope that we will never make the same mistake and lose some or all of our money, that’s easier said than done.

No one wants to lose their money, possibly have to start all over with their investments, or risk their retirement because of a simple mistake.

While I am definitely not an investing expert (yet!) as you can tell from my recent post Why You Should Invest and Save For Retirement – Plus a Personal Finance Confession Fail (basically an investing 101 post), investment mistakes are something I want to try to avoid, especially if they are the easy ones. [Read more…]

10 Great Ways To Gain Control Of Your Finances and Reach Financial Freedom

10 Great Ways To Gain Control Of Your Finances and Reach Financial Freedom Family Picture With Dog

I’m sure many of you are wanting to achieve financial freedom in some form, and you probably have some money-related goals/resolutions for the future. I know I do!

If you want to get ahead, stop living paycheck to paycheck, and/or you want to gain control of your finances so that you can learn how to achieve financial freedom, I recommend you continue reading below.

I have packed some of my best money tips into this post, and I definitely think you can improve your finances by instilling at least some of the money advice below into your life. [Read more…]

How I Maxed Out my Roth IRA On a $28K Salary

How I Maxed Out my Roth IRA On a $28K Salary

Hello! Today I have a post written from a blog friend of mine. I was able to meet her at FinCon and talk to her quite a bit. She has a great blog and I definitely recommend that you check it out. This post goes along well with my recent post Why You Should Invest and Save For Retirement – Plus a Personal Finance Confession Fail. Also, if you are new here, check out my latest online income report – $14,136 in October Income.

There’s a myth out there that you need to be rich to get started investing for retirement.

You may think that first you have to pay off all of your student loans. Then you need to squirrel away $25,000 in savings. Maybe buy a house. Start earning an income of $100,000 each year. Only THEN would you consider yourself “qualified” enough to become a Capital-I Investor.

The problem is: waiting too long can threaten your ability to retire at all.

Because here’s the deal—the math is in your favor to start as early as possible. Even if that means starting with a measly $100 or so. (Seriously!)

If you need a refresher, here’s why, in math terms. [Read more…]

Why You Should Invest and Save For Retirement – Plus a Personal Finance Confession Fail

Why You Should Invest and Save For Retirement Plus a Personal Finance Confession FailThere is one topic here on Making Sense of Cents that I hardly ever talk about. That topic is investing.

Investing is something I have never really gotten too deep into in my personal life. I know, personal finance blogger fail right here.

It’s an area in my life that I have been too embarrassed to really talk about. We’ve always had some money in a retirement fund, but nothing to be proud of. My main excuses in the past were always that I was paying off my student loans, saving for something, or preoccupied with things going on in my life.

We do have other money saved as well, but I’ve made a huge mistake of letting it sit in accounts that earn hardly anything in interest.

However, I plan on changing that now.

To make a long story short, I took a leap and bought a few hundred shares of Vanguard Total Stock Market Index Fund Admiral Shares and put it into my SEP IRA. Yes, I’ve finally joined the Vanguard bandwagon thanks to Holly at ClubThrifty and J. Money at BudgetsAreSexy (among several other bloggers!). It is cheap to invest in VTSAX, and their diversified holdings definitely had my interest. [Read more…]

John Hancock-Investments

John Hancock Investments’ has a different type of approach. They offer a unique manager-of-managers approach that offers research and oversight capabilities that complement what advisors do for investors every day. See how in the video above.