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House prices are rising around the country. Buying a house is more complicated than ever for many and statistics show Millennials are not buying homes at the rate of previous generations. If they’re not buying houses at the pace they once were, then they’re likely renting and making rent payments to a landlord.
Paying rent is a choice many make for a variety of reasons.
[Read more…] about Findigs Review: A Simple Way to Make Rent PaymentsI recently heard a term pop up in a podcast ad, “High Earner Not Rich Yet,” or, HENRY for short.
The term caught my attention and I was curious to learn more about these mysterious HENRYs, so I did some research.
[Read more…] about High Earner Not Rich Yet: How to Avoid Becoming a HENRYThere are many reasons you may want to start building a capsule wardrobe. I mean, you didn’t land on this article by chance. You came here for a reason.
Minimizing and simplifying our lives is more than a trend that Marie Kondo came up with when we created her tidying up technique. It is opening our eyes to the fact that less is more.
[Read more…] about Save Money by Building a Capsule Wardrobe in 2021With access to a Roth 401(k) becoming more and more common, I wanted to break down the differences between a Traditional vs Roth 401(k). Including the advantages of each and how to decide which 401(k) plan to choose.
I’m currently considering a Roth 401(k) myself and was surprised by how much nuance there is in making the decision between the common two 401(k) options.
Yes, a lot of things are the same (such as contribution limits). Though, there are some major differences (like when your money is taxed) and minor ones as well (for example, the withdrawal rules).
We’ll get into all of that below to help you easily make an informed decision on which 401(k) type is right for you.
[Read more…] about Traditional vs Roth 401(k): What You Need to KnowWe hear a lot these days about alternative investments. Wall Street firms regularly tout their expertise in these investments and try to convince us we need them in our portfolio.
In the beginning, alternative investments were only available to what most would consider the wealthy.
The SEC set the definition of the wealthy with their accredited investor definition. To be eligible to invest in these alternative investments, one has to have an income of at least $200,000 (individual) or $300,000 (joint) for the last two years. Additionally, the rule states the investor expects that income to continue going forward.
[Read more…] about What Are Alternative Investments?