Category: Saving & Investing

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Retirement, Saving & Investing

How to Start Investing Without a Lot of Money

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We all hope and aspire to be able to save and grow our money. It’s not just a good idea. It may be fun to do and a challenge, but it is very important to save money for the future, target “numero uno”: retirement! But right now, even trying to find a high-interest savings account online has become practically impossible and if you do find any, you can’t earn enough interest to keep up with inflation. That’s where investing comes in. You may have put off investing because you didn’t have much in the way of finances, but I’m here to tell you to how to start investing without a lot of money.

Many people put off investing because they think it's a big commitment of funds. But you can learn how to start investing with only a small amount of money.

Investing Your Money Has Become a Real “Go To” Plan

You may think that investing is only for wealthy people. Or that you just don’t even know the most fundamental thing about investing and are simply frightened at the thought of it. Or you may have just put off investing forever. If you did that because you didn’t have much money left over for investing, then I have very good news for you. It doesn’t take much money to get started with investing!

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Retirement, Saving & Investing

Investing Money Is Just Like Cooking Barbecue

It’s the height of summer here in New Jersey and since we aren’t dining out like we do normally this year, it’s a perfect time to fire up the grill and do some real barbecuing, isn’t it? Hopefully you can do that and well, as strange as it may seem, I find that barbecuing is a lot like investing basics! What?

Many people don't know a lot about investing, and so they're afraid to start. But investing basics are like making good barbecue, so let's get cooking!

Yes, you read that right. Before you write me off as crazy, follow along and I’ll explain how a good basic investing strategy is like cooking good barbecue (with the disclaimer that I’m neither a barbecue nor an investment expert). Many people don’t know a lot about investing, and so they’re afraid to start. This can have a significant impact on your retirement savings and the growth of your wealth. Learning the basics of investing isn’t that difficult, and in fact, it really is a lot like cooking barbecue!

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Frugality, Saving & Investing

10 “E-Z Ways to Save Money” Tips

We all understand and get that saving money can seem impossible sometimes. It’s not even worth pretending that everyone has the innate ability to save money, but that’s likely the reason the headline above drew you in, isn’t it?

If you're looking for E-Z ways to save money, I have ten tips to help you get started without a lot of work. Check it out and get started today!

While saving money may not come easy to everyone, it’s something that anyone can try to do. The idea is that as long as you actually try, there’s a chance. But it’s not all about some drastic cutting back on everything you have and want and it’s not some secret scientific formula that I’m planning to sell to you that will make me rich. It actually is way more subtle than that and that’s why I have called it E-Z. So here are my best E-Z ways and save money tips to get you started!

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Retirement, Saving & Investing

Safe Investments for the Retirement Mindset

The closer you get to your retirement, the fewer risks you should be taking with your money and investments. That’s just good common sense, because you can’t find yourself after you stop working “losing” value in your nest egg or you will be in for real trouble. But it isn’t as easy as it sounds, because while you are looking for something that’s really “safe” and carry at most minimal risk, you are also looking for something with some kind of growth so you can keep ahead of inflation at the very least. So how do you find safe investments when you are in the retirement mindset?

As your approach retirement, it's important to have safe investments that will last as well as some growth. Here are some safer investments to consider.

Diversify Your Investments

The best investment advice for anyone, retiree or not quite there yet, is to diversify. That’s because it is a way to avoid putting all of your eggs into just one basket and gives you a hedge or safety net on exactly what happens in a typical market cycle.

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Budgeting, Debt, Personal Finance, Saving & Investing

Why Is Your Road to Financial Freedom a Bumpy Path?

If you are reading this post, chances are that you already understand what debt is and even may be neck deep in debt right now. That might even be true for you if just a few months ago you were actually making a pretty healthy salary.

In your quest for financial freedom, there are some bumps you'll need to overcome. Here are the areas you'll need to cover to get financially straight.

There are some good reasons you could have for being in that condition. The first one being that you may have recently lost your job because of the pandemic and that has cut off your main source of income. That just about always spells economic disaster. If you were never really any good at saving money, certainly losing your job will make your financial situation a lot worse.

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Debt, Personal Finance, Saving & Investing

“March Madness” – Can You Believe More Fed Cuts?

Opinions are like noses: everyone has one and this one is mine. It’s official. The coronavirus has created complete chaos in our lives and the actions in Washington to combat it are literally creating a whole new “March madness” by the hour!

Another surprise Fed rate cut has happened, but will it help with the economy, much less the COVID-19 coronavirus?

I try really hard to avoid putting my 2 cents (formerly 3 cents before I suffered the recent stock market losses) in this blog about politics. Occasionally it slips in, but that occurs only when I feel it’s necessary. Today, it’s necessary.

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Personal Finance, Saving & Investing

The Bear Market: Get Used to It?

For the past 12 years, since the housing market debacle and the 2008 recession, we have been the beneficiary of steady economic growth. If you were a stock market investor, you have seen the Dow Jones soar from around 7,000 to record levels breaking the 29,000 mark earlier this year!

The COVID-19 coronavirus has brought the bear market to us. Will the disease and the bear be around long? Here's what history tells us.

That’s a 400% increase in its value. The bull has been on a rampage, but those days are over. The bear market is here. No matter how you paint the picture right now, it looks like recession, and the world is going into a long-awaited cycle that it always goes through at some point. Are you ready? The bear market…get used to it!

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Insurance, Retirement, Saving & Investing

Yes, I Made It to Annuity Day!

Well, it finally happened. The check actually was in the mail and it came right on schedule, too. Twenty years ago, I decided to add an annuity to my retirement planning program and it kind of snuck right up on me. That was a really pleasant surprise. In a world where the annuity often has its detractors (and perhaps with good reason), I am pretty happy with it. I felt for me it was a good decision. Depositing that annuity check for $483.46 (the first of 240 for the next 20 years!) has comforted me quite a bit since February 1st. With the market in chaos, even more so in the past several weeks, I guess it’s congratulations to me! I made it to annuity day and now another of my nest eggs has hatched!

After opening an annuity 20 years ago, I finally made it to annuity day and received my first payment. Annuities can be a good idea in certain situations.

What Is an Annuity?

An annuity technically is not an investment. First and foremost, an annuity is an insurance product, which means you buy it because it reduces your risk. Some annuities, like variable annuities, do have a selection of stock and bond portfolios available as investment choices inside the insurance contract, but the one I bought was a fixed rate annuity which for me had no investment risk on my return and payout. I knew 20 years ago what I would be getting back to the penny when I bought it.

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