Stocks Are Plunging, What Should I Do?

Stocks Are Plunging, What Should I Do?

If you haven't heard the news, the U.S. stock market is in amid quite the tumble over the past few days of trading. Investors are worried about the Global economy and China's economic slowdown. There was a huge sell off that caused it to drop 1,000 points (nearly 8.5%) yesterday, causing HUGE headlines to come out: "After historic 1,000 point plunge, Dow dives 588 points at close" "Dow Plummets Amid Global Sell-Off" "Dow Jones Has Worst Day of Trading in Four Years" Fear ensues. Many people are asking the question, "what should I do?" Understand What Your Investments Actually … [Read more...]

The Ultimate Beginner’s Guide To Investing

The Ultimate Beginner’s Guide To Investing

But seriously.....do something. Anything. And start today. If you don't know where to put your money, read Millionaire Teacher (<- affiliate link) and it will become abundantly clear.....and very easy. photo credit: 401(K) 2013 via photopin cc … [Read more...]

I Broke Up With My Financial Planner

I Broke Up With My Financial Planner

I mentioned a few months back that I finally dumped Edward Jones after 9 years of investing with them and brought my Roth IRA over to Vanguard. I've had a few people email me and ask about the reasoning behind this, as well as the process, so I figure I’d write it out in a blog post in case others were interested as well. Now let me just say this before I get into the post; I don't hate Edward Jones. I don't hate financial planners in general either. I just want to encourage those who may be too scared to even THINK about managing their own investments to take some numbers into … [Read more...]

Reader Question: I Rock At Saving Money, But What Now?

Reader Question: I Rock At Saving Money, But What Now?

One of the best thing about this blog is the chance to help ACTUAL READERS with ACTUAL PROBLEMS instead of just hypothesizing about financial matters. Today's reader sent me a question, and after reading it a few times, I was in complete awe of how awesome she is! I wanted to share her situation with you, not only to show that millennial are lazy, entitled jerks, but also to inspire those who may be starting college, or just out and are trying to get their bearings in life, including what to do with their money. Plus, I want YOUR input on this question! I have some suggestions, but I'd like … [Read more...]

Why I’m Not A Part-Time Financial Advisor (Yet)

Why I’m Not A Part-Time Financial Advisor (Yet)

A few people might know this about me, but most don't. I've been trying to break into the finance industry for a few years now to no avail. Well, sort of. I am now a professional tax accountant, with and Enrolled Agent license (you can read all about enrolled agents here). But I didn't originally start out to become a tax professional. I wanted to help people with money professionally. To be clear, I LOVE my day job, and have no plans of moving on, because it's a great gig, a good team, and I don't feel the desire to go anywhere. But I've always wanted to help people with money on the side, … [Read more...]

Should I Pay Off My Mortgage Early?

Should I Pay Off My Mortgage Early?

Let's chat a little bit about mortgages, shall we? Made popular in the U.S. in the depression days ("depression", not "recession"), mortgages are a fairly recent concept for Americans. Before that, YOU ACTUALLY HAD TO HAVE THE MONEY TO BUY A HOME! WOW! No, seriously. You didn't own a home unless you could buy it in full. Crazy, right? But mortgages were introduced to help out wanna-be homeowners get into a house without having the full amount right away. Though, these were much more conservative than out modern mortgages. You were typically required to pay 50% down, sometimes more, and the … [Read more...]

What To Expect In A Financial Advisor

What To Expect In A Financial Advisor

The following is a guest post. To learn more about guest posting on iHeartBudgets, please contact me. AverageJoe was a financial advisor to about 150 families for over 15 years and managed around $60M. Now he writes at the creatively named “Average Joe’s Money Blog” and is co-host of the Two Guys & Your Money podcast. Check out his show on iTunes. What to Expect in a Financial Advisor Uncle Joe’s Story Hour: Mary had always wanted a financial advisor. It sounded great....working with a pro. She told me six months ago her story: “I imagined someone who would kind of hold my … [Read more...]