The $23 Payment That Cost Me a Fortune So there I was, long-haired, leather jacket wearing, twenty-something years old, standing in that music store with an $800 amp I couldn’t afford but totally “needed.” The salesman hit me with the magic words: “Just $23 a month.” I signed. Of course I signed. What I didn’t … Read more
Babies Get $1000 at Birth! We’re talking about a financial windfall dropped straight into the crib! What is called a “Trump Account”, created by the One Big Beautiful Bill Act, gives every eligible newborn baby a $1,000 head start and invested right out of the chute! This isn’t some traditional lame savings account collecting pennies. … Read more
When planning for retirement, there are so many different savings and investment vehicles available, and one of the lesser-known options is the IRA CD. But before we dive into what an IRA CD is, it’s important to understand the basics of a Certificate of Deposit (CD). What is a Certificate of Deposit (CD)? Let’s start … Read more
I’m not afraid of saving money, and I’m proud of being frugal. I’ll always save money where I can, and if I find little value. I’ll share just some of ways I save money while living my frugal lifestyle. Check it out! Don’t Pay for TVAs I have talked about when I first started tracking … Read more
Waking up to the doom and gloom of the headlines and news that the US Economy is in a downward spiral reminds me that we should review some of the principles of why we need to stay focused, avoid our gut reactions and keep on keeping on. Let’s jump back to this piece I had … Read more
Hello! We are going to attempt to have fun and talk about something that typically that fun to talk about. I’m talking about the “D” word! Yeah, not that “D” word! I’m talking about Divorce. Some of these topics may get heavy. We’ll do our best to talk about divorce, and the journey I took … Read more
For the last several months I’ve helped organize a local personal finance group sponsored by The Stacking Benjamins Show. A podcast that is about finance, personal development, as well as how to live your best life and be entertained! If you happen to be located in or near the Twin Cities area of Minneapolis and … Read more
I’ve encountered many individuals, myself included, who sometimes feel guilty or have been shamed for choosing to pay for professional retirement asset management instead of managing their investments themselves. This sentiment often stems from a community that champions DIY investing and the belief that managing one’s own finances is the only “right” way. Read this … Read more
When it comes to retirement planning, choosing the right type of account can be super important. Among the many options available, Roth IRAs and Roth 401(k)s stand out for their unique benefits and tax advantages. I was recently having this discussion with my 22-year-old about the differences of traditional accounts and Roth accounts. This made … Read more
There has been an incredible rise in 401(k) balances. Yes, you heard that right – despite what some naysayers might claim, 401(k) accounts continue to prove to be a powerful tool for building wealth and securing a comfortable retirement. Buckle up, because we’re diving into why this investment vehicle is worth your attention. The Numbers … Read more