Since learning how to be a self-directed investor, my wife and I have been reading heavily on how to react during our first bear market. For all you new investors, a bear market is defined as a 20% drop in the stock market from its all-time highs. Out of all information we consumed from books, …
By now, many of you have received your stimulus check of up to $1,200 if you qualified and if you had dependent children 16 or younger, you would have received another $500 per dependent. That means a family with two parents and two children under 17 years old, that can be a potential of $3,400. …
My wife and I have a lot of big things planned this year. To be successful, I would have to be serious about doing away with some bad habits that have slowed me down in the past: Not sleeping, eating too much junk food, not sticking to my workout program, and spending too much time …
As of the end of 2019, we’re nearly one-their of the way from our FI number ($ we need to retire).
If you ever made a new year’s resolution, you already know how quickly they fall by the wayside, but you’re not alone. Businessinsider polled 1,000 people and found that 80% of them failed to continue towards their goals by mid-February. That is less than two months of commitment! As you can see from the infographic …
Whenever life starts taking a turn for the worst, it may seem like nothing you do is right and you can easily feel like you’re stuck in a cycle of bad luck. How do you breakthrough? I believe the secret to breaking the cycle of bad luck is to empower yourself to take control of …
If you haven’t already, check out Part 1. Otherwise, let’s plow forward into how you can prepare for the next recession 5. Invest your money regularly Regularly investing in your retirement accounts will get you used to weathering stock market pullbacks. It will build your tolerance for ignoring the noise when the next recession happens. …
I have learned that recessions are as natural as the change of seasons. Except that they don’t come as predictably, but they do come in a cyclical pattern. When the economy expands, it will also need to contract at some point. This is why they call it the boom-bust cycle. So, when is this recession …
While taking our personal finance onto another level, a few small changes led to larger transformations that both simplified and elevated our lives. Transformation #1: The Personal Finance Ninja I’d like to credit this term to Stephanie, from poorerthanyou.com. Becoming a personal finance ninja is exactly how I would describe our transformation. We became more …
By the end of the year, I’ll be 31 years old. My 20’s are long gone and there is nothing I can do to rewind the clock, but if I were to ever go back in time, I’d be prepared with this handy letter to give to my 20-year-old self. Where I was in my …
