How to Invest Small Amounts of Money

My advice to anyone investing a significant amount of money – say, more than $50,000 – is twofold. If you want to be hands-on, buy a rental property. If you want to be hands-off, put it into index funds directly through Vanguard. Unfortunately, that “tens or hundreds of thousands of dollars to invest” scenario is…

7 financial tips and facts

For most, October marks the beginning of autumn, Halloween celebrating, and preparation for the holiday season. However, what some might not realize is that October is also home to Financial Planning Month. For people either just starting out their careers or those who are about to enter into retirement, financial planning and budgeting can be…

12 PERSONAL FINANCE FACTS YOU DIDN’T LEARN IN SCHOOL

Banking Basics A routing number is the nine digit code found on the left hand side of your check and it identifies the bank where your account is held. Your account number is the second set of numbers following the routing number. Packing a lunch just twice a week instead of spending $10 at the…

3 Finance Facts You Need to Know Before You Run Out of Money

As I’m sure you know, a lot goes into building and running a business. Simply having a good idea for an app, product, or service isn’t enough to develop and build out a company that can sustain itself. Technology tools and social media can provide a significant leg-up to help jumpstart your business, especially for…

How to Win at Retirement Savings

While most workers are responsible for their own retirement savings these days, high schools don’t have required classes on 401(k)’s and Individual Retirement Accounts (I.R.A.s). And colleges usually don’t teach anything about Roth I.R.A.s or 403(b)’s. That’s where we come in. Here is what you need to know about saving for life after you stop…

3 things you need to know about Monthly Savings Plans

Individual investors often face a bewildering range of options. You can keep your savings absolutely secure by making voluntary contributions to your central provident fund account or by deploying your money in government savings bonds. But these investments yield low returns. The stock market can provide an opportunity to grow your money much faster. However,…

5 Secrets to Saving for the Future While Enjoying Life Now

Save? Spend? Or both? In my work with younger clients, that’s one of the main conflicts I see: The desire to prepare for the future and save versus the impulse to live for the present and enjoy earnings now. People know that nobody is promised tomorrow, but they also don’t want to live out their…

Strong Retail Sales in June Boosted Growth

Consumer spending is bustling and likely propelled strong overall economic growth in the recently completed second quarter. Retail sales—a measure of spending at U.S. stores, websites and restaurants—rose 0.5% in June from the prior month, the Commerce Department said Monday. May’s already strong spending growth was revised up to a robust 1.3% from 0.8%. Many…