The Importance of Risk Management

Key Takeaways When you’re examining your finances, risk management is an important part of the big picture. We have insurance for a number of things in our lives, but might be overlooking some that could have devastating effects if you need them and don’t have them. Disability, health, and life insurance are key for peace […]

Why Owning vs. Renting a Home Is a Lifestyle Choice

Key takeaways First generation Americans tend to invest almost solely in real estate. Younger generations are sometimes choosing to rent their homes rather than jump into ownership right away. Choosing whether to rent or to own really comes down to a lifestyle choice.

Using OPM to Pay Off Your Student Debt

Key takeaways Many younger people are focusing solely on paying off their student debt before trying to save any money. Consider how contributing to a 401(k) might help you pay off your student debt using other people’s money. Getting the debt out of the way through a 401(k) loan might be a smart move.

5 Unexpected Costs When Buying a Home

Key takeaways When buying a new home, make sure you know about all the potentially unexpected costs associated with it. Know the costs up front, so you know what you’re getting into. Look at your cash flow and budget to ensure you have the money to make the move.

3 Things You Need to Do to Be Successful

Key takeaways Rational optimism is far different that the stereotypical optimism. Successful people have a reasonable tolerance of risk. Become a rational optimist to be successful in your endeavors.

How to Handle Your Student Debt After Graduation

Key takeaways Two-thirds of students who just graduated college have student debt. Students must begin making payments on their debt six months after graduation. Know all of your expenses and create a budget. Most important thing is to remember to save first, spend later.

Having Money Discussions Is Important in a Relationship

Key takeaways Younger generations are handling money differently than those before them. Gen Z and millennials are much more comfortable discussing money. Money is one of the biggest reasons for divorce. Talking about money before marriage is a good thing.

Do You Think You Can Go Without Medical Insurance?

Key takeaways People under about age 22 often spontaneously engage in highly dangerous activities without thinking about possible bad outcomes. They make decisions as if they’re immortal. That usually changes when you reach your late 20s and get into your 30s. You start to recognize that some of those things you did could have ended […]

Do You Have an Emergency Fund?

Key takeaways A recent survey from Lending Tree reports that 52% of Americans and 60% of young investors cannot cover a $1,000 emergency. With no emergency fund in place, many are tempted to take out payday loans, which charge predatory interest rates from 300% to 700%. If you haven’t built an emergency fund yet, you […]

The Importance of Establishing Credit

Key takeaways A recent study reports that millennials are extremely reluctant to take on any debt. By maintaining a debt-shy attitude, millennials are not establishing credit nor maintaining high credit scores. Establishing credit is very important and will allow you to get the best available interest rates on home loans, car loans, credit cards, and […]