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“One of the best online tools for retirement planning.” – The Wall Street Journal
“Making the complex world of 401ks more comprehensible.” – Forbes
“One of the World's Top 10 Most Innovative Companies of 2015 in Personal Finance.” – Fast Company
All of the quotes above are referring to blooom, which is a company I believe can truly help many with their retirement. [Read more…]
One of my top goals in life is to reach financial independence. I technically want to be financially independent as well as an early retiree, but to make this post simple we will mainly talk about becoming financially independent.
Financial independence is when you earn enough income passively (such as through rental real estate or dividend income) to cover your expenses.
This way you can leave a job you dislike and pursue other passions in life such as spending more time with family, traveling, seeking a job you love, and more.
I want to reach financial independence so that my investments are working for me and earning me money. This way my future costs are covered and I’m still bringing in an income in case anything happens in the future.
Now, don’t get me wrong. I absolutely love life and my online business. However, I would rather be safe because you never know what may happen later in life. As you know, I’m a worrier and I would much rather be safe than sorry. Something medically may occur, the industry may change, I may change, and so on.
You just never know! [Read more…]
If the company you work for offers group life insurance, be sure to take advantage of this great benefit. Employers are not required to offer life insurance, so if yours does be sure to count your blessings. While having group life insurance is a nice bonus, it would be wise to consider purchasing additional life insurance on yourself. [Read more…]
As a personal finance blogger, I am ashamed to admit this. I've been saying this for years but now I plan on getting serious about this. The truth is…
We don't have any life insurance.
We used to have a small amount paid for by our previous employers, but that was almost two years ago and it no longer exists so it's not like it helps us at all.
We will absolutely add life insurance before we start a family, but it wouldn't hurt us to start searching now.
Life insurance is so very important.
The main reason most get life insurance is because it can help your loved ones and anyone who depends on you. This way they can still pay the bills and grieve without having to worry about money. There are many more reasons to get life insurance though!
Below are four reasons for why you may need life insurance. Even if you don't think you do, there might be a reason below so I suggest you continue reading!
If you are looking for life insurance, I recommend checking out Policy Genius. [Read more…]
As a personal finance blogger, I try to do as much research as I can before I publish a blog post so that I can see the full picture.
However, whenever I research different financial topics I usually come across some scary money statistics.
The money stats you read in this post might scare you, but hopefully they can help you so that you can improve your finances and be better than the “average” person.
Even if you are doing better than the average person, that definitely does not mean that you are doing well financially either though.
You should always strive to do your best as sometimes “average” is not good enough for you to live a financially successful life.
Below are some scary money statistics that will hopefully whip you into financial shape. Enjoy! [Read more…]
Have you ever heard of Personal Capital? If not, today I am here to talk all about their product that I personally use in this Personal Capital review.
Personal Capital provides FREE personal finance software that is somewhat similar to Mint.com, but better. If you like using Mint, I recommend checking out Personal Capital.
Quick summary of what Personal Capital is – their free personal finance software allows anyone to better manage their finances by allowing users to aggregate their financial accounts. You can connect accounts such as your mortgage, bank, credit cards, investment portfolio, retirement, and more, and it is all FREE. You can track your cash flow, your spending, how much you're saving, and how your investments are doing. With their free financial software, you can see all of your accounts easily in one place so that you can manage everything easily.
And I'll say it again. It's free and there's no catch!
As you know, I'm all about making your finances as simple as possible so that you can focus on more important areas. Personal Capital allows you to manage all areas of your financial situation all in one place.
You can use Personal Capital via your computer, a tablet, cell phone, and even a smart watch, which makes it great because you can stay up to date on your finances no matter where you are. [Read more…]
Passive income has been an interest of mine for the past few years. However, up until recently, I never really did anything about this goal.
Dreaming is nice, but nothing happens unless you actually start making some changes. And, that is just what I plan on doing over the next few years.
Currently, passive income is a big interest of mine because I want to continue to bring in an income while being able to focus on other goals of mine (which may not generate income now or ever). I also want to diversify my income streams so that I am not too reliant on one area.
This way I can focus on what I want to do while not having to worry about how much money I am bringing in.
Below are different passive income-related questions you may be wondering. We will discuss what passive income is, the positives of earning passive income, passive income ideas, and the hard work that goes along with it.