Financial Advice to Avoid in the New Year

Subscribe To Our Blog

When it comes to financial or money advice, it seems like everyone has an opinion – some of it can be great and definitely worth looking into, and some of it, well, it’s just really, really bad and should be avoided.

If your resolution for 2021 is to save more money or get your finances in order, here are a few pieces of BAD advice you should steer clear of.

Continue reading “Financial Advice to Avoid in the New Year”

Making your Money Work for You – Compound Interest and the Rule of 72

Subscribe To Our Blog

When it comes to saving money, taking advantage of compound interest is a brilliant thing. It’s often one of the easiest and simplest ways to “use your money to make money that makes money”.  Compound interest can also work against you.  Most revolving credit contracts – such as credit card companies – use the compound interest methodology.  If you don’t pay off your balance in full you are charged interest – if you do it this again the following month you will be paying interest on not only your principal BUT also on your past accrued interest.  It’s how they make their money.

Continue reading “Making your Money Work for You – Compound Interest and the Rule of 72”

Why every millennial should have a Roth IRA

Subscribe To Our Blog

There’s often a debate over which retirement fund you should choose:  a Traditional or Roth IRA? As a millennial, there is a definite advantage to choosing one over the other. Continue reading “Why every millennial should have a Roth IRA”

Saving for Retirement? Here are some pitfalls to avoid

Subscribe To Our Blog

When it comes to saving for your retirement, every penny counts. Regardless if you are just starting to save or in the home stretch to retiring, making the wrong financial decisions could have a big impact on your retirement goals. With social security no longer being a sustainable retirement option, it’s important to make sure that you set yourself up for the future. Continue reading “Saving for Retirement? Here are some pitfalls to avoid”