I'm excited to have been invited by Western Wyoming Community College to teach my five week course: Financial Essentials. I love teaching this course! It's a great way for families to start taking control of their money.
4 Ways Your 401(k) Can Get You in Big Trouble
I love 401(k) plans! Sure they’re not perfect, but few tools are better equipped to help families build wealth for a comfortable retirement.
But there are some common 401(k) pitfalls that can really get folks in trouble. In many cases, these 401(k) mistakes can end up costing investors tens or hundreds of thousands of dollars over a career of diligent saving!
Here are 4 common 401(k) dangers, and how to avoid them.
How Do Stock Market Returns Compare to Real Estate Returns?
Despite some arguments that your home isn not an investment, to the average American a home has many characteristics of one. It tends to appreciate in value, there is an active market for buying and selling, and it can be relied upon for future cash flow (typically through renting or a reverse mortgage).
Got Kids? You Need to Know About These Income Tax Credits
Having children brings a whole host of concerns, especially for first-timers--like me. Is my child receiving enough emotional support? How do I know she’s eating enough? Is it okay for her to cry herself to sleep? What type of diapers should I use?
In addition, financial concerns quickly become a reality as well. The cost of another mouth to feed, future college expenses. Fortunately, our tax system is set up in such a way that incentivizes socially beneficial activities--like having kids.
To the taxpayer, this means something extra special--TAX CREDITS--which are very different and typically more financially advantageous than tax deductions.
What a Simplified Wardrobe Can Teach You About Saving
Some of you may know that I’m a big fan of the blog and podcast, The Art of Manliness. The content is robust, timely, and always helps me find small ways to become a better man.
I recently came across an Art of Manliness article that has had me thinking. It was about simplifying your wardrobe by focusing in on a few high quality clothing items rather than having dozens of low quality t-shirts or seven or eight pair of jeans.
I’ve tried really hard to embrace this idea. A couple years ago I bought myself a really nice navy blazer and had it tailored. It was kind of pricey for me, but I wanted something that would really last and look great.