Have you heard of the 50 30 20 budget rule? If not – you’ve come to the right place! There are many different rules of thumb and ways to estimate how you should budget, the 50/30/20 Budget rule is just one of those ways to …
What is financial independence? Financial independence, sometimes referred to as F.I.R.E – Financial Independence retire early means you’re in a good enough financial situation that you can retire before the typical retirement age. Sounds nice, doesn’t it? Below are the the steps to Financial Independence. …
A fiduciary is another person who acts on your behalf, often managing financial assets. For someone to be a true fiduciary, they have to have your best interest in mind, they are not acting to benefit themselves or any other party, only you. A true …
Being unemployed is extremely stressful. All of a sudden there may be questions you never considered – how will you pay your bills? Can you afford for your child to go to dance class or stay in the school band? No one wants to be …
When my dad first retired, his response to the question, “how does it feel to be retired?” was “it’s weird”. He went on to explain how strange it was to not be making money any more, only spending it. He was right, that did seem …
Banking is a concept that has been around since the invention of currency and trading. People don’t want to hold onto their own money when it’s convenient to store it in a central location. Now, banks offer a wide range of products and services beyond …
Options aka financial derivatives can be really difficult to understand, and even harder to make money off of. This post is going to attempt to make sense of some options basics.
This past week flew by! Summer in Chicago is so busy, there is always something to do, hopefully when fall rolls around I’ll have a stricter schedule. For now here’s week 3:
Creating a budget is the first step I outline on my step-by-step guide and I can’t stress how important having a budget is. Here I’ll walk through creating an excel budget. There are some different software/applications you can use when creating a budget but for …