Investing

How to Build Wealth

How to Build Wealth: 3 Basic Steps

Updated: August 6, 2020 Financial independence is a goal that many of us want to work towards. Wealth creation is one of the factors to becoming financially independent. Many people believe that you need to have a lot of money to create wealth. This isn’t true: you can build wealth with the income you currently Read more

What Is a Traditional IRA?

If you’re looking for a way to supplement your retirement income, why not consider an individual retirement account (IRA). There are a couple of different types of IRAs: traditional, Roth, SIMPLE, and SEP. A traditional IRA is an account that grants the owner tax advantages when saving for retirement. You may open an IRA at Read more

True Cost of Owning a Home

Pay off Mortgage vs. Invest

Pay off Debt vs. Invest: Investor Mindset, Emotions, and Math There is a straightforward mathematical answer to this question, yet it is one of the most commonly debated topics. If you follow Dave Ramsey, he puts great emphasis on paying down the mortgage, but only after that you can start saving 15% and it works Read more

Automatic Saving Apps

Automatic Money Saving Apps to Save with Less Stress

The problem with saving money is that spending it is so tempting. There is always an urgent need or want for which you could use that money. It’s so hard to leave it alone in your checking account. So, what can you do? Fortunately, we have access to a number of automatic money saving apps. Read more

Defer Taxes

Legal Ways to Reduce Taxes

Last Updated: May 18, 2020 Just how big of an expense are taxes? On average, you can be expected to spend 25-35 percent of your salary on taxes each year. That means 3-4 months of each year (or 13 years of your life) goes towards paying off your tax obligation. Unfortunately, as long as you’re Read more

What Is a 401k Plan and How Does It Work

What Is a 401k Plan and How Does It Work?

A new job offer may include a 401(k) retirement plan as part of your benefits package. Perhaps everyone you know has a 401k. What is a 401k plan and how does it work? Do you actually know the answers? What Is a 401(k) Retirement Plan? A 401(k) is a retirement savings plan offered by your Read more

Roth IRA vs. Traditional IRA

What Is a Roth IRA?

One of the more popular retirement accounts is an individual retirement account, or IRA. IRAs come in two main forms: a traditional and a Roth IRA, and both generally function the same way. The main difference between them is how they are taxed.   How a Roth IRA Works A Roth IRA is a financial Read more

Building Wealth

The Truth About Building Wealth: It’s All About Assets

The slogan of our website is REGULAR PEOPLE BUILDING WEALTH. So, what is wealth? Is a person driving a Ferrari on a highway wealthy? Is a Youtuber with a big stack of cash on their table a wealthy one? Well, they both may be and may not. It depends on how they are getting there. Read more

Consistency: Real-Life Methods to Use in 2020

Real-Life Methods to Build Consistency and Discipline in 2020 Being consistent or disciplined doesn’t usually come easily to us. That is why we’ve experimented on ourselves to figure out how to hack our brains a bit. These 9 tips work for us. They are broken down into 3 categories: Keep It Easy; Keep It Real; Read more