From Investing

Can Kids Invest in Stocks or Mutual Funds?

At 13 years old I asked my parents if I could start investing money in the stock market through a mutual fund. I’d saved about $1500 from starting my own hog selling business, and through working in the fields during the summer. My small nest egg was the result of 4-5 years of hard work, …

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5 Reasons for Having a Large Sum of Cash

Recently, while I was reading over J$’s monthly updates on his net worth I noticed a category for a large cash hoard, which he calls “Monster Cash.” As any typical man, my jealousy immediately spiked, and I said to myself, “I want a large sum of cash too!” :) (sounds like my kids do when …

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How to Create Your Own Pension

Gone are the years of the traditional pensions and 30+ years with one company. Today, people need to be much more reliant on their own means of saving, investing, and planning. It’s definitely a hard task when there is so much data out there, so many “wants” eating at your ability to save, and most …

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How to Pick a Financial Advisor

Recently, I’ve been looking at the pros and cons of working with a financial advisor. I have met with a couple of them here and there to get feedback and advice – but have never had a long-term relationship with one. And, picking an advisor is not as easy as it might seem. I really …

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4 Reasons to Have Two Checking Accounts

Last year when I talked about about how to stop living paycheck to paycheck – passive income, I started putting into practice one of the key concepts by splitting up my fixed and variable expenses. By doing so I was able to differentiate my re-occurring bills from every other expense. My wife has even said, and …

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Review of Vanguard’s Managed Payout Funds

Are you looking for an investment that will pay you out monthly for your investment? Recently, when I was looking into annuities I came upon Vanguard’s Managed Payout Fund’s. In looking I couldn’t find any annuities that would continue to payout after the initial investment except an managed fund like Vanguard’s. For an initial investment …

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Tax Tips for Withdrawing Retirement Funds Early

**This is a guest post from my (Charlie) mother-in-law, who has always given me great tips to lower my tax bill. Enjoy!** As a certified public accountant, one of my most frequently asked questions during the last year was “What are the tax consequences for taking money out of my retirement fund to pay consumer …

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How to Shop Around for Your Bank Account

Earlier this year I wrote about how to stop living paycheck to paycheck with passive income streams and the importance of having your family assets diversified in more than one bank. Well I happy to report back that I’m actively taking my own advice. About a month ago we opened up a second bank account to …

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How to Buy a Single Share in Facebook

Next Tuesday Yesterday, one of the biggest phenomenons in the internet world offered themselves for sale in what could be one of the largest IPO offerings to date. Facebook sold 180 million shares for about $38 per single share. Are you going to be one of those millions buying a piece of the pie? Before …

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