Adulthood also means making choices, from small decisions like what to eat for dinner, to bigger ones like which work project to begin tackling first. And making a choice can be scary! What if you make the wrong one? Some consequences aren’t a big deal, like deciding to try a new restaurant and not liking it. All you have to do in that case is never go to that restaurant again. But the prospect of … [Read more...] about How a Decision Matrix Can Help You Make Big Choices With Confidence
You daydream about quitting your job if you won the lottery. The truth is, for most people, accumulating wealth takes time. Getting rich slowly isn’t what most people talk about, but it’s the real path to wealth. It’s not sexy or exciting — it’s pretty much like watching paint dry. Very few people develop an app they sell for millions of dollars, or make a fortune flipping houses. Most … [Read more...] about Wealth Doesn’t Happen Overnight — Here’s How to Get Rich Slowly
Nothing inspires my writing more than what my clients and readers (like you!) ask me about. Since I started my blog, your questions, like your lives, have become more complicated. I want to highlight the most popular blog posts of the past year, because they cover some meaty topics that I know many of you are wondering about right now. Just in case you missed them the first time, here they are … [Read more...] about The Top 5 Gen Y Planning Blog Posts of the Year
This question was submitted by a reader! Do you have a money question you’d like Gen Y Planning to answer in a future blog post? Submit it to genyplanning.com/askgyp. What should the financial planning look like when you have a parent who has no retirement saved up and won’t be working much longer due to health issues? My mother-in-law rents in a bad part of town, works at temp jobs, is turning … [Read more...] about Ask Gen Y Planning: How to Financially Support Family?
This question was submitted by a reader! Do you have a money question you’d like Gen Y Planning to answer in a future blog post? Submit it to genyplanning.com/askgyp. I would like to learn more about the pros and cons of socially responsible investing (e.g. VFTSX fund instead of VTSAX). What are the criteria used for picking stocks in funds like that? Socially responsible investing has … [Read more...] about Ask Gen Y Planning: Should I Be a Socially Responsible Investor?
This question was submitted by a reader! Do you have a money question you’d like Gen Y Planning to answer in a future blog post? Submit it to genyplanning.com/askgyp. I am about to inherit $100,000. I am the first person in my family to ever receive an inheritance. What is a good low-risk investment that will protect the principle? This is a timely question, as many millennials stand to receive … [Read more...] about Ask Gen Y Planning: How Should I Invest My Inheritance?