It’s almost the end of 2014 and the new year is right around the corner. It’s time to go over your checklist for 2014 and make sure you’ve completed the following: Max out your 401k The contribution limit for this year is $17,500. If your employer matches your contribution, that limit can go over $17,500. … Read more Things to do before the new year
Once you’ve completed Step 1 and Step 2, you’ve secured an emergency fund and paid off your debt. The next step is to invest your money. But the big question is, where do I invest? Scenario: You have X amount of dollars you’d like to invest. You know you’re supposed to invest and from reading … Read more Where Do I Invest?
Congratulations! You’ve finally reached step 3: Investing. Now that you have your debts all cleared and your liabilities close to zero, it’s time to take a look back at your emergency fund. You will want to work on getting 6 months worth of expenses saved up if you haven’t done so before moving on to … Read more Step 3: Investing
Welcome to Step 2: Pay Off Debt. In this step, I will talk to you about the debt portion of the steps of Financial Independence. If you have no debt, the following will probably be irrelevant. However, seeing as how so many people out there are in debt, this may help them. Once you have … Read more Step 2: Pay Off Debt
Welcome to the first step in personal finance. The first step, and undoubtedly the most important step, is to have an emergency fund. If there’s one thing in life that’s certain, it’s uncertainty. How is your job security? We can’t control whether or not we’ll be fired tomorrow or where next month’s rent is coming … Read more Step 1: Emergency Fund