Here are 3 personal finance tips I hope you find useful in your reading this week:
1. "The Best High-Interest Savings Accounts Online for 2018"
I'm often asked: "Where should I put my savings?"
It depends on the time frame for which you need the money, but for "intermediate-term" savings, a good place to look is online savings accounts like Ally Bank's Online Savings Account. It's currently boasting an annual interest rate of 1.6% and no account fees.
https://www.huffingtonpost.com/entry/financial-rules-you-should-break_us_5b171063e4b0734a99388023
I was recently quoted in the above linked Huffington Post article.
Article title: "8 Financial Rules You Should Break, According To Experts."
Here's the 3 items I've found useful in my reading this week, with my commentary:
1. "Profit First" -- Book recommendation
Amazon link to book
Many of my business owners ask for recommendations to a good business profits resource. Profit First Accounting (PFA) is an effective and simple-to-implement process to make sure your business revenue "works."
Here's the 3 article links I've found helpful in my reading this week, along with my commentary:
1. The One Percent Rule – Rental Real Estate Investing
https://www.thebalance.com/rental-property-investing-for-beginners-453821
I'm often asked about real estate investing. The One Percent Rule (divide one month's rent into the property purchase price) is a quick way to begin to see if the property is a "working" real estate investment.
Here's 3 article links I have found helpful in my reading this week, with a summary:
1. Unclaimed Property Search
Most of us are unaware there is a national database — free resource — to search for and claim forgotten money that may be due you from official government agencies.
Here's 3 valuable articles with my commentary:
1. The first 20 hours -- how to learn anything | Josh Kaufman | TEDxCSU
This is a TED Talk video I found super insightful into the way we learn. As opposed to taking "10,000 hours" to learn something new, the speaker talks about it only taking 20 hours to being competent enough to perform something new.
Here's a few articles I've found useful and interesting this week, with my short commentary:
#1: 7 Easy Tax-Saving Tips For Small Business Owners
1 & 2) Get software, i.e., waveapps.com is a free small-business tax software, and mint.com is free personal money tracking software.
3) Automate contributions into a retirement account first.
As I talk with friends & clients, I often hear how we’re all deluged with information daily. When it comes to financial stuff, a lot of the information isn’t the least bit useful. The main goal of financial media often seems to be to get us to click a link or stay glued to a screen using frenzied news headlines and stories.
My goal is different…
The increase in volatility to start 2018, coupled with the almost 9-year bull market run has caused many sophisticated investors to question when to buy and when to sell. So, it’s important to remember that there is a very simple investment strategy that doesn’t require you to stare at trading screens all day – Dollar-Cost-Averaging.
