How to Make Dividends Work for You

What are Dividends? To keep it simple, dividends are typically cash that is distributed by corporations to its shareholders. In order to receiveĀ a corporation’s dividend, you must invest in their stock. Keep in mind, not all public corporations issue dividends so don’t be surprised when you see one that doesn’t. Dividends are typically issued quarterly, Read More

Giving

If you’ve read any of my other posts, you know by now that the purpose of this blog is to help you learn how to manage money, build wealth, and reach financial freedom. However, I do admit that following this advice can lead you down a dangerous path of becoming very money hungry and greedy. Read More

Traditional Vs. Roth IRA

IRA stands for Individual Retirement Account. The name is pretty self-explanatory because it is a retirement account that you contribute to yourself. It’s different than a 401(k) because you employer too can contribute to a 401(k). There are two different types of IRAs: Traditional and Roth. If you qualify, you should always choose Roth over Read More

Effects of Compound Interest

The effects of compound interest can take your finances to levels that you wouldn’t even imagine. I cannot stress enough how important it is to start investing ASAP so that compound interest can start working its magic. Simple interest works like this: If I invest $100 and get a 6% return, I will have $106 Read More

Investing Tips

Investing can seem intimidating for those that don’t know much about it. If this is you, read on and I promise you will feel less intimidated. I am going to discuss several topics including long-term investing, diversifying your portfolio, and dollar-cost averaging. Long-Term Investing Many people think of investing as a “get rich quick” method. Read More

Who is a Money Rookie?

Who is a Money Rookie? A Money Rookie is a person that is just starting to learn how to effectively manage their money. Effectively managing your money does not mean stretching your paycheck just long enough to make it to your next one. Effectively managing your money enables you to do more than just survive Read More