Investing

Find Out How I Lost $400,000 by not Investing Earlier

Find Out How I Lost $400,000 by not Investing Earlier

A lot of people are scared about investing their hard earned money. They don’t necessarily understand the stock market and they’re afraid of losing all their money. They might think they don’t have enough money to invest anyway. I’ve talked to a bunch of younger Millennials and they aren’t investing because “I can save for retirement later.” The thing that people don’t realize is delaying investing, even for a single year, will cost you at least tens of thousands of dollars, and probably hundreds of thousands.

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Posted by David in Investing, 14 comments
Passive Income is King: 4 Real World Examples

Passive Income is King: 4 Real World Examples

Earlier this week, I wrote about how passive income is king. As a brief recap, net worth doesn’t tell the whole story. You can have a very high net worth but barely generate any passive income. Even though you have a bunch of money, if it isn’t working for you, what’s the point? You can also have a low or even negative net worth. But if you have a comparably large passive income, you might be able to retire. As a response to that post, I asked several prominent personal finance bloggers what their passive income goals are, and how they are going about achieving them.

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Posted by David in Investing, Saving, 23 comments
Mixing Traditional and Roth 401(k) and IRA Contributions Sucks

Mixing Traditional and Roth 401(k) and IRA Contributions Sucks

Get ready for a long read, because saving for retirement is extremely important. The government wants to make this as complicated as possible so you don’t do it. When it comes to saving for retirement, the two most popular ways are investing in a 401(k) and Individual Retirement Account (IRA). A 401(k) is a retirement offered by your employer, an IRA is an account that you can open at any brokerage firm. You purchase shares of individual stocks, ETFs, mutual funds, and even bonds with the hope that they increase in value over time and pay dividends. These accounts are popular for retirement because they provide you with a tax advantage.

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Posted by David in Investing, Retirement, 7 comments
What I’m Reading #4

What I’m Reading #4

Welcome back to What I’m Reading! It’s been a few weeks since I posted my last one. I would have posted while I was on vacation, but decided that I would much rather enjoy it and not worry about running Zero Day Finance. If you aren’t already yet, you should subscribe to my mailing list. I’ve developed an extremely useful budgeting spreadsheet that will help you track your spending, as well as automatically track Zero Days, show how your expenses affect your bottom line, and whether or not you are achieving your goals. This will be released within the next week. Without further ado, here are this week’s blog posts that I’ve been reading!

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Posted by David in Blogging, Investing, Lifestyle, Saving, 8 comments
Supercharge Your Retirement Savings With EvoShare

Supercharge Your Retirement Savings With EvoShare

When it comes to saving for retirement, most people significantly underestimate how large of a nest egg they need. The popular wisdom is to save 10% of your post-tax salary and by the time you retire, you’ll have enough. Unfortunately, the average American saves significantly less than 10% of their post-tax salary. In addition, only saving 10% really isn’t that much, especially for the average income of $38,000 per year. One thing that Americans love doing is online shopping. What if you could save money for retirement while you do your normal online shopping? EvoShare is a company that empowers you do exactly that.

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Posted by David in Investing, Saving, 8 comments