The CARES Act The Coronavirus Aid, Relief, and Economic Security (CARES) Act, suspended principal and interest payments on federally-held student loans from March 13 through September 30. Right now, your interest and payments are suspended automatically. However, this only applies to federal loans, not private student loans. Other loans, such as those Federal Family Education Loan (FFEL) program are owned by private companies; however, those … Continue reading No student loan interest: Take advantage of this opportunity!
Pas-sive – not reacting visibly to something that might be expected to produce manifestations of an emotion or feeling. Dictionary.com In most areas of life, being active is seen as the optimal choice. “Pursue your dreams.” “Take life by the horns.” “Don’t sit back and wait for life to happen to you.” However, when investing, being active can be a costly choice. Common Misconceptions: Often, … Continue reading Passive investing 102: What is passive investing?
“Back in my day,” was a phrase used by our grandparents to describe (1) how much harder things use to be; (2) how much better they had it; or (3) somehow both harder and better things were back in their day. One thing that the “Greatest Generation,” the generation who fought in World War II, had was a great distrust of banks and doing anything … Continue reading Budgeting 105 – DIY – Use the coffee can
Give every dollar a purpose. It sounds simple, but is it? Financial guru and credit card killer Dave Ramsey has his method of helping people master their finances and get out of debt – the “Baby Steps.” Through these steps, people are led to financial peace and mastery of their money. The first thing you must do to begin your journey to financial peace is … Continue reading Finance 103 – Budgeting: Dave Ramsey’s ‘EveryDollar’ method
During these turbulent times it is easy for investors to make poor decisions, such as changing your investing strategy. In their recent newsletter, Edward Jones said that the “hardest part of investing is the one we have the most control over – our emotions.” Historically, people make the wrong investment decisions because they act emotionally. When the market crashes, the best option is to buy … Continue reading Passive investing 101 – Surviving and thriving in chaotic times
I found that if you have a goal, that you might not reach it. But if you don’t have one, then you are never disappointed. And I gotta tell ya . . . it feels phenomenal!” ~ Peter La Fleur Unlike the advice of Peter La Fleur in “Dodgeball,” you need to have financial plans to guide your life. Has your life taken a left … Continue reading Money matters 101 – Setting financial goals and rolling with the punches
Stash – Budget, Invest, and Plan Stash is a more user-friendly app and focuses on educating investors on how to best pick investments and balance a portfolio along with other financial advice. The app is not as straight forward as Robinhood where you click and buy; however, Stash offers DRIP and automated investing. The cost of Stash varies based on what you are using it … Continue reading Investing 105 – It’s automatic, it’s systematic, it’s hydromatic: Investing with apps – Stash
Acorns – Set it and forget about it! Grow your financial “Oak Tree” slow and steady over time. Acorns follows the KISS – Keep It Simple Stupid – method of investing. Where Robinhood (see previous post) gave flexibility, Acorns helps you determine a portfolio that is the right mix of risk and return for you and that’s it. Further, Ascorn is all about small recurring … Continue reading Investing 104 – Don’t worry, be happy: Investing with apps – Acorns
If you decide to invest on your own, there are a number of apps with commission-free and low cost options. Here, I will (1) describe the apps; (2) describe the pros and cons of each app; and (3) identify which type of investor each app is best for. Also, I will provide my referral link for each app. If you want to try an app, … Continue reading Investing 103 – I want it that way: How to invest with apps – Robinhood
Milo of Croton, the most accomplished Olympic wrestler in antiquity, was renowned for his Herculean feats of strength, which included snapping a band tied around his temple just by furrowing his brow as well as single-handedly carrying his own bronze statue to its final resting place. Of course, ancient athletes like Milo in the 6th century B.C. did not have access to cable-weight machines, elastic … Continue reading Grab fitness by the horns: Workout like ancient Olympian Milo of Croton