The road to wealth is paved with assets that will make you rich. But what are assets, what makes them different from other things that you own, and how do you acquire them? By definition, assets are things that you own that can be converted into cash. Assets can be tangible or intangible things, such [...]

Money, finance and wealth building is often overcomplicated, let’s break it down with some free financial advice to live by. It seems as the world evolves, we (Americans at least) become greater and greater over-consumers, and the financial crisis we are experiencing is a testament to that. We buy more than we can afford, we [...]

Recently I barely avoided a potential financial disaster. Like many people who bank online and try to automate their life, all of my bills are paid through my online banking. Month after month for several years I’ve had complete faith in knowing that my bills were paid in full and on time. Until recently… Even [...]

Next to stuffing your hard earned money under your mattress, your savings account may be the worst place to put your money. Inflation rises at 3 – 4 percent a year, which means for every $1 you have now, it will only be worth $0.96 next year, and the following year it will only be [...]

Recently my brother had his email account hacked, which contained a number of personal sent messages and stored data. It reminded me just how careful we need to be when storing or transmitting information online. Here are some tips from CNN on how to protect yourself:

Personal finance planning can seem complicated and difficult. With so many investment products and vehicles, budgeting tools, debt pay down strategies, savings plans, and personal finance jargon, it can be tough to weed through all of the information and figure out where to start. Here’s a quick checklist to make sure you are on the [...]

Regardless if the U.S. is entering (or already has) a recession, there’s no question we’re facing some tough economic times. As a result, people are saving more, corporate profits are lower and the near-term future is bleak. This all translates to a declining, volatile stock market. It’s more important than ever during these times to [...]

It’s been nice to see the stock market hold its ground and have some pretty good days lately, but I opened my mail last week to find my quarterly statement that summarized my portfolio. The first thing I noticed was that my investments had almost dropped 8% this past quarter it was hard to stomach. [...]

We discussed Why is an Emergency Fund Important, but do you wonder when we you are already stretched so thin, how can we possibly find money to create 3-6 months of savings? Here are 8 ways that you could find money to build an emergency fund: Create a budget to find out how much you [...]

Financial planners recommend saving 3-6 months of living expenses for an “emergency fund.” An emergency fund should be exactly that, for emergencies only. It should not be a savings account that you tap into when you find a great suit, beautiful dress, or need some extra spending money for a vacation. So What is an [...]