Unfortunately, financial overextension is extremely common in the United States. The rise of e-commerce, credit card rewards programs and payment plans such as buy-now-pay-later have made it very easy to overextend your finances. Because debt very easily snowballs, overextension can be very difficult to get out of. What is Overextension? In finance, overextension refers to […]
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If you get a raise, you might think you’ll have more money in your bank account — but that isn’t always true. Treating yourself can become a habit instead of a luxury, which can leave you with less money on hand. Keeping up with the Joneses isn’t always possible and can often lead to a […]
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In a nutshell, investing is purchasing something that you believe you will be able to sell at a higher price in the future. Investing isn’t stashing your cash in a savings account despite what many will have you believe. While saving may effectively safeguard money for instant-access cash for emergencies, it will simultaneously restrict your […]
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It’s Never Too Soon to Get your Affairs in Order for Retirement If you’re nearing the tail end of the working phase of your life, first off, congratulations; what an amazing achievement! You’ve knuckled down, made a living, and you’re finally beginning to see the light at the end of the tunnel. It’s been a […]
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Although the S&P 500 has historically returned roughly 10% annually over the last century, the markets rarely move in a straight line. In fact, despite the long term trends there have been plenty of down years (and decades) sprinkled throughout. And it’s these economic recession periods that test the mettle of all investors. Investing during […]
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You know those times when you have a spare $1,000 burning a hole in your bank account? Hey, stranger things have happened. Maybe you got a bonus. Maybe you just sold your house or your car. Either way, here’s the good news: you have $1,000. Like many things, investing is harder when you have less […]
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What does your wealth look like at age 50? If you’re like the average 45-to-55-year-old, your average savings balance is $15,589, and your average 401(k) balance is $160,000. And unlike younger investors, retirement is now closer on the horizon. For many 50-year-old investors, retirement may only be 15 to 20 years away—not long at all, […]
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Financial comfort looks a little different for everyone, but a stray $50,000 landing in your bank account goes a long way for most people. The trick is figuring out how to invest that money—not just figuring out how to sidestep Uncle Sam’s slice, but also figuring out how to use that cash if you’re used […]
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Got $10,000 burning a hole in your bank account? It could happen! Maybe you just sold your house and moved to a cheaper place. Maybe you just sold your car because you’re switching to public transportation. Maybe you got a bonus. Either way, you’re smart with your money. And when that $10,000 hits, you want […]
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If you have a windfall burning a hole in your bank account, here’s how to invest extra cash for financial success—whatever that means for your unique situation. It’s been a good month. Maybe you’ve been putting in extra hours at work and the boss noticed. Maybe your side hustle is finally raking in some money. […]
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