Financial Independence Isn’t Hard – It Starts with Knowing How to be Frugal!
I recently had a friend ask me how to be frugal and I didn’t know how to feel about it…I knew that they were asking me because we really focus on spending way less than we make and maxing out our savings rate but there’s just this natural connotation around the word “frugal” that isn’t […]
5 Disadvantages of Credit Cards to Be Aware Of Prior to Opening One!
“Wait – Andy, are you telling me that there actually are disadvantages of credit cards?” Yes, I certainly am. I know that sounds facetious, and it mainly is, but everyone always talks about the advantages of credit cards, and that includes myself. I mean, there’s the obvious ways that you can make money with credit […]
Forget Me, Let Albert Einstein Explain Compound Interest and How You Can Master It!
Albert Einstein – “Compound interest is the 8th wonder of the world. He who understands it, earns it; he who doesn’t, pays it.” End of post. Just kidding, but also not. Isn’t that somewhat of a “mic drop” by Mr. Einstein? For the first couple years of my investing journey, I really didn’t fully comprehend […]
Use this FREE 401k Loan Calculator to See if a 401k Loan is Right For You!
I’ve made it well-known in the past that I had borrowed from my 401k to help payoff some higher debt in the past and I have said that this was a big mistake of mine…but, was it? Let’s crunch the numbers with this 401k loan calculator and get down to the bottom of things! A […]
10 Reasons Why Compounding Interest is the 8th Wonder of the World
The words compounding interest are two of the most powerful in the investing world. Today, I’m going to show you 10 reasons why. Albert Einstein called compounding interest: “the most powerful force in the universe.” Albert Einstein Billionaire Warren Buffett confessed, “My wealth has come from a combination of living in America, some lucky genes, […]
Considering an Early Pension Withdrawal? Watch Out for These Pitfalls!
I am fortunate enough that my 8-5 job offers me a pension, something that is very unique to companies nowadays, but not super uncommon in the oil industry that I work in. Last year, I had a good friend leave the company and he was debating about using a pension withdrawal to fund a down […]
Curious What the Average 401k Match Is? I Bet You’ll Be Surprised!
One of the biggest mistakes that I oftentimes will see people make is that they will not take full advantage of their 401k match. Honestly, I think that this mistake can have many, many years of potential repercussions, but it makes me wonder – what actually is the average 401k match? Before we get too […]
Optimize Your Retirement With This Roth vs. Traditional 401k Calculator!
To many people, the terms “Roth” and “Traditional” only apply to their IRA, but I am here to tell you that this is not the case. In fact, you can invest the same way but in your 401k! But the almighty question is always, “which one?” Well, that’s why I created this Roth vs. Traditional […]
“I Don’t Get It – Why is Investing Important?”
So many people will ask me “why is investing important” and at the end of the day, it really boils down to one thing – a lack of financial literacy, or as we like to call it, The Language of Money. What do we mean when we say, “the language of money?” Well, it’s simple, […]
I’m Getting a New Job – Will I Lose My 401K from my Previous Employer?
Changing jobs can be a scary thing. It’s hard to leave what you know for the potential opportunity, and downside, of the unknown of changing companies. Chances are that if you’re looking it’s because you’re unhappy with some aspect of your current situation and are willing to take the gamble, but I have good news […]
