Jack Brennan is the former CEO of Vanguard – where he oversaw the second-largest investment firm in the world, the largest provider of mutual funds, and a financial powerhouse that has since grown to over $7 trillion in assets. Brennan offers three tried-and-true pieces of advice on how you can really create wealth. In 2021,… Read more
Charlie Munger – who has a net worth of $2.7 billion – is warning young adults that it will be more difficult for them to get rich compared to older generations. Munger became the vice chairman of Berkshire Hathaway in 1978 – a position he still holds at the age of 98. Munger has made… Read more
There are two ways to think about A.I. and powerful AI tools like ChatGPT that can understand and generate human-like language: You can either see it as a tool, like the invention of vulcanized rubber to create tires that started the automotive industry, or as a threat, like the invention of nuclear weapons that can… Read more
Setting goals is crucial to success, but millions of people struggle with writing down a specific list of goals for 3 months, 6 months, or a year. The biggest problem usually involves the actual goals that should go on the list and the specific order. Warren Buffett’s brilliant “2 List Rule” eliminates that problem and… Read more
Life, as we know it, has a remarkable talent for emptying our pockets. If your finances aren’t well prepared to weather life’s many storms, this can cause scrambling to fund life’s endless parade of expenses, from that sputtering car engine to the unforeseen emergency root canal (thanks, caramel apple). In these moments of fiscal desperation,… Read more
So, you’ve decided to have separate bank accounts as a married couple. There are several reasons why it’s a good idea. Couples might want to keep their finances separate when one partner makes more money or if they’ve been burned by partners in the past. It’s possible that while couples share many things, they don’t… Read more
It’s impossible to go through life without spending money, but spending money on necessities isn’t a problem for most people. Overspending, however, kills most people’s chances at a bright financial future. And those people spend a lot of their lives trying to figure out how to stop spending money and start saving. Did you know… Read more
“Wealth is freedom from the Disease of More.” When I first stumbled upon this quote about wealth, it forced me to examine my relationship with money. And, it also made me examine the way I see myself and how I criticize my own desires. We can all agree that money is important. You literally need… Read more
Financial guru Dave Ramsey has an expression he often spits out whenever the topic turns to credit cards and credit card rewards. “Not one person has ever built wealth off credit card points,” Ramsey will say, or some variation of the statement. In other words, using a credit card for purchases to build up rewards… Read more
The oldest millennials — lovingly referred to as “geriatric millennials” — are turning 42 this year. Unlike the generations before them (gen X, baby boomers and the silent generation), millennials have gone way off the rails financially. And for older millennials, it is time to take a long, hard look in the mirror and at… Read more
It is easy to look at small purchases and say “whatever, it’s only $5.” As standalone instances, $5 for anything isn’t a lot of money. However, spending $5 every, single day on coffee adds up to be a lot of money per year. In fact, it’s $1,825. How often are you saying, “whatever, it’s only… Read more
Exchange Traded Funds (ETFs) have become immensely popular over the last twenty years. They provide passive investors with the ability to set it and forget it. For the vast majority of people, that is the best way to invest. Not only do ETFs provide instant diversification by providing exposure to a wide range of underlying… Read more
Buckle up, the future is here. If you work in a tech or communications field, AI language models like OpenAI’s GPT-4 are on the tip of everyone’s tongue. Bill Gates recently called this technology “the most advanced technological breakthrough since the 1980s.” The bottom line is that machine learning AI and chatbots like ChatGPT are… Read more
Choosing the right investment isn’t always as easy. When it comes to investment options, there are a plethora available to investors. Two popular options, for those who chose the stock market, are index funds and mutual funds. While both offer investors the ability to diversify their portfolios and potentially earn higher returns, you might be… Read more
Most people aren’t cut out for active investing. And that is just fine. As long as you understand the value of investing and are willing to create a simple, 3 fund lazy portfolio, you can set it and (mostly) forget it. Creating lazy portfolios that consist mostly of ETFs or Mutual Funds has been the… Read more
“The first rule of investment is don’t lose, and the second rule of investment is don’t forget the first rule, and that’s all the rules there are.” – Warren Buffett, AKA the Oracle of Omaha. Over his storied career, Warren Buffett has amassed a net worth that most can’t even begin to dream of. What’s… Read more
The world seems to be changing at a breakneck speed in every way, including financially. With new technology, new philosophies, new challenges, and new opportunities, the United States is almost unrecognizable in certain aspects to America in the 1970s. Here are seven money issues that exist now that didn’t exist 50 years ago, including student… Read more
According to the Pew Research Center, millennials are the largest generation in the modern workforce. (Take that, Boomers!) While they’re not at the top of the corporate food chain just yet, millennials can make a pretty good dollar depending on where they live. That said, the group is falling seriously behind when it comes to… Read more
We’re hardly alone when it comes to admiring the wisdom of Warren Buffett. Whether waxing poetic about the inflation “tapeworm” or trashing Bitcoin, the Oracle of Omaha has provided us with no shortage of quips that have proven prescient. So it should come as no surprise that one of the smartest men on the planet—and… Read more
Buckle up, fans of adorable bear cubs. And unzip your jacket while you’re at it. Last week, a state Twitter account revealed a dream job we didn’t know we wanted. Because we didn’t know it was real. Bear Cubs Need You That job? Professional bear cub cuddler. Okay, that’s not the actual title. But it… Read more
Close your eyes. Picture your version of the American Dream. It’s probably a Norman Rockwell-esque vision, featuring a single family house in a nice neighborhood with a white picket fence around the yard, with two cars in the driveway and all the modern finishings. If that’s your vision of the American Dream, it’s one that… Read more
If we love one thing, it is talking about net worth. If we love two things, it is long lists that are broken down by state. Today, courtesy of Personal Capital, we have a marriage of those two things with the average net worth by state. It is worth noting, most people who use Personal… Read more
Winning the lottery is a dream. And for one Florida Woman, that lottery dream almost became a nightmare. Almost! Jill Rowell, a 52-year-old woman from Grand Ridge, Florida, almost threw away a scratch-off lottery ticket worth a million dollars. The ticket was purchased from a Super Snead’s gas station and convenience store in Sneads, Florida… Read more
The rich get richer and people under 40 get poorer and poorer. At least that is what data from the Federal Reserve is telling us. The wealth distribution by age in America has been a hot topic for years. And of course older Americans will naturally account for the most of the wealth in this… Read more