Saving for retirement is important – we all know that. But, according to most nationwide reports and surveys, we still aren’t doing it: the Employee Benefit Research Institute reports that one out of every four Americans currently has less than $1,000 saved for retirement. What will it take to make more of us save for […]
One of the best things you can do if you want to build wealth over time is to invest. Thanks to the power of compound interest, investing offers one of the most effective ways to grow your nest egg and prepare for financial freedom down the road. Unfortunately, there is a good chance right now […]
Investing in the stock market can be life changing. Even simply contributing up to the employer match in your 401(k) can drastically change the lifestyle you enjoy during retirement. Though because investing can be life changing, it can also be intimidating. It’s not so much that it’s mentally taxing to invest in the stock market […]
When it comes to investing, many of us are worried about making mistakes. After all, your money is on the line and you don’t want to lose any of it. Unfortunately, that very feeling of risk aversion might increase the chances that you make investing mistakes. On the flip side, you are also more prone […]
Many of us dream of earning money without having to do a lot of extra work. This is known as passive income, because the money keeps coming in without you doing much for it. You aren’t actively trying to earn it; instead, you set something in motion, and then enjoy the passive income as it […]
In August of 2015, the stock market suffered the 8th and 10th largest drops ever recorded. In fact, it was the first time in history that the stock market declined more than 500 points on two consecutive days. Overall, from 8/17/2015 to 8/25/2015 the stock market dropped nearly 1900 points, wiping out nearly two years […]