Posted by Ryan on February 29th, 2008 in Entrepreneurial Mindset
Building Wealth is Like . . .
Watching a Plant Grow
Losing Weight
Graduating from College
Raking the Leaves or Shoveling Snow
Constructing a Brick Building
Watching Your Children Grow
Getting [...]
Posted by Ryan on February 27th, 2008 in Investment Products
A reader posted the following comment on Maximum Allowable 401k Contribution:
“Curious what your thoughts are on Roth 401k’s? Thanks!”
Good question, Marjory. Let me see if I can answer your question as clearly as possible. First, let’s define what a Roth 401k, or Roth-K for short, really is.
If you are familiar with a [...]
Posted by Ryan on February 25th, 2008 in Investment Strategy
Last week, subscribers of In the Money newsletter got a sneak peak at my new special report, 10 Mistakes Every Investor Makes and How to Avoid Them. I want to thank all of you who sent me feedback after reading this report. I do read every email I receive and appreciate all of your contributions [...]
Posted by Ryan on February 24th, 2008 in Recommended Readings
Here is a list of some of the best personal finance articles from my favorite personal finance websites. To kick start your week, spend some time digging through the Millionaire Money Habits archives and the links below to improve your financial literacy and increase your net worth.
Investing:
3 Effective Option Strategies [...]
Posted by Ryan on February 22nd, 2008 in Investment Planning
So you’ve Interviewed Financial Advisers and you thought you found a winner, but after some a few months you are starting to become suspicious of your financial planner’s ability or intentions. Don’t be afraid to fire your financial planer, especially if he or she is engaging in any of the following activities:
Lack of Communication: Financial [...]
Posted by Ryan on February 20th, 2008 in Investment Planning
In Paying for Financial Advice we discussed how it is important to find out how your financial advisor is paid in order to understand exactly what their best interests are. While asking how they are paid is an important question to ask, it is not the only one. So how do you find a good [...]
Posted by Ryan on February 18th, 2008 in Investment Planning
Before making investment decisions, it is always recommended to consult a certified financial planner. But be advised that these conversations with your financial adviser can be costing you a lot of money, and you may not even realize it.
Financial advisers do not work for free. They make money off you, the client, in one form [...]
Posted by Ryan on February 17th, 2008 in Recommended Readings
Below is a list of some of the best personal finance articles from around the web. To kick start your week, spend some time digging through the Millionaire Money Habits archives and the links below to improve your financial literacy.
Financial Planning:
How To Become A Millionaire (In 6 Easy Steps!) at Blueprint for Financial Prosperity
Are you [...]
Posted by Ryan on February 15th, 2008 in Credit and Debt
Have you ever stopped to think about how much things you purchased on your credit cards in the past are actually costing you? Month after month you continue to pay interest on something purchased years ago, possibly an impulse buy to begin with. You might even be paying interest on something that has already been [...]
Posted by Ryan on February 13th, 2008 in Spending and Saving
Obviously a lot of debate can be made on the health benefits of quitting smoking. But, is there a time that smoking could be good for you? It is pretty much universally accepted that smoking creates major health risks and reduce life expectancy, so how could it possibly be good for you?
The health implications this [...]