Personal finance articles related to investing money in various ways including the stock market, real estate, and business.
The CFP® Board and its many members have done a great job promoting the benefits of working with a CFP® when seeking financial guidance…and for good reason. The designation ensures that its bearer has completed a thorough education (7 courses typically require a year or…
Investing in real estate is an excellent way to build wealth and create cash flow. But it’s also a big financial commitment. And with any big financial commitment, you want to avoid big mistakes. According to Investopedia, “Skimping on Research” is one of the top…
Most people have some knowledge about the concept behind an Individual Retirement Account (IRA). What most people don’t know is there are material differences between IRAs offered by banks and credit unions and those offered by investment firms and other types of financial institutions. Since…
The idea of investing can be intimidating. Especially when you’re young, have little savings, and know nothing about the topic. My husband, Alan, and I started investing before we knew what we were doing. And before we were on solid financial ground. At first, it…
Pop quiz! What’s the difference between a “financial advisor,” an “investment advisor,” and a “wealth manager”? These are just a few of the job titles you may encounter in the personal finance and investing advice space. Unlike a doctor, these titles are not regulated by…
A good part of the working population in the United States has some type of retirement plan investment account. Most individuals contribute to either an employer-sponsored retirement plan like a 401(k) account or a Traditional Individual Retirement Account, known by the IRA acronym. People who…
It’s amazing how many people in the U.S. are involved in the stock market, whether they know it or not. Sure, many people actively invest in stocks through their brokerage firm, online brokers, or other investments accounts. But there are also tens of millions of…
It’s essential that all Americans have access to some kind of retirement savings account. The government and IRS need to always support this access because Social Security distributions are not intended to be the total extent of one’s retirement income. For individuals employed by mid…
Many people in America have some basic knowledge about the stock market. At the least, they hear news about stock prices related to some of the world’s largest entities. At the same time, many people have very little knowledge of the availability of various classes…
You loved the house you rented at the beach. The ski-in, ski-out condo you rented over the holidays was perfect for your family. Your lanai overlooking the 4th tee at the golf resort was amazing. The leaves at peak color all around the cabin you…
At a time when the U.S. stock market and currency investments have become volatile and unpredictable, a conservative-minded or risk-averse individual might go in search of safer investment alternatives. In some schools of thought, U.S. Government-backed investment options might be the right place to look….
There are many different ways to invest for long-term wealth. And investing in an individual retirement account (IRA) is an excellent choice for many people. Regular IRAs hold government-regulated investments, like traditional stocks, bonds, mutual funds, ETFs, and CDs. And these investments are an excellent…
Diversification is good, right? Well, yes, it is if it’s genuinely diversification. But it doesn’t work if your idea of being diversified is having your money in many different places. These days, due to the volatility of the job market and the explosion of fintech,…
One of the best rules of thumb for retirement planning is to start saving early and never prematurely touch the money you’ve earmarked for retirement. If you’ve waited to start saving, haven’t saved enough, or have borrowed against your retirement accounts, all is not lost….
Among the various popular investment apps, one of the buzziest is surely Acorns. Through the Acorns app, you can bank, save, and start investing with just your spare change or more. With celebrity backers such as Ashton Kutcher, Dwayne Johnson, and Kevin Durant (plus a…
Socially responsible investing (SRI), social investing, or sustainable investing, is an investing style where you make sure what you invest in matches up with your values and beliefs. When you invest in socially responsible stocks, bonds, or mutual funds, you take into account the financial…
While enjoying coffee with a friend, she told me that she was considering changing financial advisers. As we were talking it brought to mind many of the frustrations I had when managing a financial advisory business. It’s very hard to get clients and advisers on…
Why invest more than the men in your life Studies have shown that in 2021, women still make just 82 cents for each dollar that men make. The fact that the wage gap has yet to be bridged is just one more reason why women…
Congratulations! Perhaps you’ve just become a new mother. Or maybe you’re just starting to get your finances in order. Either way, these are both important milestones that deserve recognition. As a parent, your number one priority is most likely saving for your kids’ future and…
With a record-high stock market and low-interest rates from the Federal Reserve, inflation if not already here, seems to be right around the corner. Inflation, a general increase in prices for goods and services, which reduces the purchasing power of money, may sound scary. Yet…
Investing is an integral part of building your financial house. While saving an emergency fund and budgeting is crucial to staying out of debt, you won’t build wealth (and outpace inflation) without investing. Compounding works its magic by growing your net worth the earlier and…
In a GoBankingRates.com survey, more than 5,000 respondents identified the number one financial topic they wished they’d learned as teenagers in school. The six possible answers included: How to create and stick to a budget How taxes work The importance of credit scores/building credit How…
You’ve almost surely heard of a 401(k) plan, but what in the world is a 403(b) plan? Simply, a 403(b) plan is a tax-advantaged retirement account for employees of schools, churches, and nonprofits. In order to offer a 403(b), a non-profit has to be tax-exempt…
![Common Real Estate Investing Mistakes [+ how to avoid]](https://womenwhomoney.com/wp-content/uploads/2021/01/real-estate-investing-ups-and-downs-768x402.jpg)
Real estate investing can be an excellent way to build wealth. And with low-interest rates, the internet, and reality DIY shows, it’s become more popular than ever. But those things have also fast-tracked people into making some mistakes. When you’re getting started, there’s a lot…
![Bad Investing Advice: What to ignore [and why]](https://womenwhomoney.com/wp-content/uploads/2020/12/investors-screaming-buy-and-sell-768x403.jpg)
Investing is an excellent way to build long-term wealth. But how do you decide the best way to invest? You might ask your friends or family for advice. Perhaps you see how billionaire investors, like Warren Buffet, choose their investments. Or, maybe you hire a…
If you’re not quite sure of the difference between active, passive, and portfolio income, this article is for you. It’ll help you understand what makes each one distinct and provide insight into which income source or sources to target. Active, Passive, & Portfolio Income Explained…