I’m a big fan of automating your finances as a way to grow your wealth. After about 30 minutes of set-up, your money is whisked into different accounts, and you’re less tempted to spend your savings because you don’t really see that money. But every year (or whenever you experience a big life change like getting married, having a kid, getting divorced, or getting a big raise), you should reassess … [Read more...] about You’re 30 — Stop Doing What You Did in College
Saving and Investing
Why Millennial Women Need to Invest, Even If We Don’t Think We’re Ready
When it comes to investing, women still lag behind men in terms of getting started and that means we miss out on years of compound interest. Investing is important because it allows your savings to grow considerably more than they would if you kept all of your money in a savings account. A recent survey by the investing app Stash found that a whopping 85% of Millennial women don’t invest! Why not? … [Read more...] about Why Millennial Women Need to Invest, Even If We Don’t Think We’re Ready
What To Do with an Inheritance or Settlement
If you receive a large windfall from an inheritance or lump sum settlement, you’re suddenly faced with financial decisions you weren’t expecting. Getting a lot of money at once can be a blessing and a curse. You’re not only dealing with the emotions of receiving this money (maybe from a loved one who passed away, or a lawsuit resulting from an accident), you’re also dealing with the logistics of … [Read more...] about What To Do with an Inheritance or Settlement
Student Loan Debt and What to Do About It
When you work with Millennial clients like I do, you are very well-acquainted with how student debt can affect a person’s everyday life. As countless articles and news reports lament, today’s 20 and 30-somethings are putting off buying homes and cars, getting married, having kids, and saving for retirement. While a bachelor’s degree is generally a good investment that will earn you about $1 … [Read more...] about Student Loan Debt and What to Do About It
Are You Prepared to Ride Out the Next Recession?
The stock market experienced quite a few drops in January, causing a frantic debate in the media over whether or not another recession is coming. You might have been in college during the 2008 recession, or recently graduated and struggling to find a job. Or maybe you were a few years into your career and watched your 401(k) get cut in half. The recession was poorly-timed for Millennials like me … [Read more...] about Are You Prepared to Ride Out the Next Recession?
6 Things to Avoid When You’re a Gen Y Investor
Investing can get a bad rap thanks to the two market downturns most Millennials have lived through. Combine that with the crash of the housing market, which caused many of us to watch our families lose their homes or file for bankruptcy. It's no wonder that Generation Y isn’t crazy about investing. In reality, investing should be boring. You sign up for your 401(k) and choose an asset … [Read more...] about 6 Things to Avoid When You’re a Gen Y Investor