There are two ways that you can save more money:
It’s a pretty simple formula when you boil it down.
[Read more…] about Increase Income with these Side Hustle IdeasGeneral Personal Finance Blog
When (and When Not) to Max Out Your 401(k)
If you can max out your 401(k) you definitely should, right?
Not always. There are a few things (five, to be specific) you should consider before doing so, and we’ll walk through exactly what they are in the article below.
But first, we’ll highlight what a 401(k) is for those not 100% familiar with this amazing retirement tool.
How to Calculate Net Worth
Forbes calculates the personal net worth of the richest businesspeople, celebrities, and athletes for us to clamor over, but few of us actually know how to calculate our own net worth.
That’s a problem for anyone trying to get a grip on their personal finances.
Net worth is arguably the most important financial metric for you to measure every month (or quarter). It’s your financial pulse – it gives a glimpse into how healthy your financial situation is at any given time (and over time).
3 Fund Portfolio: The Lazy Way to Invest
A 3 Fund Portfolio is a type of lazy portfolio that contains only three investments.
It’s called “lazy” because of how simple it is to set up and manage. Though, for once in your life, investing with a lazy portfolio is a situation where being lazy can pay off.
A 3 Fund Portfolio historically has a higher probability of providing superior growth and returns compared to actively managed portfolios. This is because actively managed mutual funds have a tendency to underperform the market, while a lazy portfolio simply attempts to match market returns while keeping costs low.
And as we know, a basic index investing approach that matches the market performance through a diversified portfolio is a winning strategy over the long term.
The added beauty of the Three Fund Portfolio is its simplicity – it’s easy to set up and manage. Anyone can do it on their own.
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