What is a Solo 401K Plan?

This plan is meant to help people who are self-employed and who do not have even a single employee get the ability to save for their retirements. The plan helps people, such as independent contractors, freelancers, side-job contractors, and solo entrepreneurs. Most of such people had to rely solely on their work, and as a result, upon retiring, they would not have any savings.  How to apply for a … [Read more...]

The Simple Act That Started My Personal Finance Addiction

I think it’s safe to say that I have a personal finance addiction. I think about our financial goals while I’m at my day job, while I’m out on a run, and even while I’m rocking our little kiddo to sleep. It’s a little sick how often I think about money…but I just can’t help it! It’s this massive mysterious game with HUGE benefits if you can figure … [Read more...]

The Absolute Easiest Way to Make a Million Dollars

I think almost everyone asks this question in their lives – “What’s the absolute easiest way to make a million dollars?” It makes sense. I mean…we all want to be millionaires…and who really wants to toil and grind all their lives vs. just being handed a million dollars? Easier is better! So what’s the answer? What’s the easiest way to make a million … [Read more...]

6 Pro Tips on How to Get Started in Investing When You Turn 18

Money has always been a problem for students. Education consumes much of it and often leads to long-lasting student debts and loans. However, what if we said that a lack of money could easily be dealt with if you start investing early? The value of money augments if it is put in motion. If you save funds ‘under the pillow,’ do not expect them to multiply. The best thing you can do when you turn … [Read more...]

Looking at the Best Innovative Finance ISAs

Innovative Finance ISAs – or IFISAs as they are also known – are getting a lot of attention in the UK right now. This is likely due to the higher interest rates on offer compared to other ISA types. While all Innovative Finance ISAs are connected with peer-to-peer lending in some way, it’s important to realise that different providers lend to different types of borrower. Some lend your … [Read more...]

M1 Finance Review: The Fee Free Robo-Advisor

As a long term investor, I do everything I can to ensure that my returns are as high as possible over the long haul. What sort of things am I doing to ensure that I come out ahead? I'm doing my best to keep my investments diversified, and keeping the costs for my investing low. Typically people can see fees, commissions, expense ratios and account costs eat into their end returns, and it doesn't … [Read more...]

Three Things to Know about Divorce and Debt

Getting a divorce is hard enough, getting divorced when you are in debt can be positively devastating. Finances are a major point of contention for divorcing couples, most of them end up contacting the National Futures Association, a US regulatory agency, banned FXCM from membership after a divorce. Naturally, when debt is included in the picture, things can get messier than usual. It should be … [Read more...]

UK Robo-advisors Who Offer a Junior ISA

While most UK robo-advisors now offer an adult Stocks and Shares ISA as a tax-efficient alternative to their General Investment accounts, many still do not offer a Junior ISA product. In fact, if we look at 4 of the most recognisable robo-advisors in the UK in Nutmeg, Moneyfarm, Scalable Capital and Wealthsimple, only one of them offer a Junior ISA product, but which one is it? Which UK … [Read more...]

Why I’d Rather Pay $10,000 to Unload My House Than Become a Landlord

There are people out there who are made to be landlords. They like the idea of having someone else pay the mortgage on a home or apartment building and enjoying the ability to build equity on the property without using their own money. Once the property is paid off, the monthly rent is income (offset by the cost of taxes, insurance, and keeping the property up). I totally get why some people love … [Read more...]