A few years back, I asked someone very dear to me how they were investing the money they put into their individual retirement account (IRA). After a momentary blank stare, they replied “I put the money into a Roth IRA.” “That’s great,” I replied, “but then what did you buy with that money in your […]
Emergency Funds
Everyone suffers a bad day now and then. An emergency fund can make a bad day temporarily painful instead of a long term burden. Without emergency savings, people may need to resort to credit cards, payday loans, or worse! Let’s first examine why you, and everyone else, needs an emergency fund, then we’ll examine the […]
Working Money: Investment Options
After starting to Pay Yourself First, cash starts to accumulate. That is when we Put Our Money to Work (our rule for early retirement #2), but to do so, we must pick both an investment and an account type. However, trying to cover both in one blog takes too long, so for today, we’ll focus […]