The 50/30/20 budget is a widely used budgeting method that divvies up one’s post-tax income into three categories: This method is a great starting point… Read More »3 Reasons Why High Income Earners Shouldn’t Follow the 50/30/20 Budget
CoastFI simply means that the money you have invested for retirement now are expected to grow enough to cover the expenses you expect to have in retirement. In order to calculate your CoastFI number, you need a few things
Today I’m giving you a peek 👀 at my investing breakdown! A lot of you ask me where to invest and I get it, all… Read More »23 Year Old Investment Account Breakdown
For those of us that get paid on a bi-weekly basis, there are a few months throughout the year where we get three direct deposits instead of the normal two. The question is what to do with the extra cash?
The last step to opening a Roth IRA is picking and funding your investments. Today, I will walk you through the steps I took to pick my investments and choose how much money to put into each one.
The first step in my process to opening my Roth IRA was to pick a method of investing. There were three types of methods I was interested in because they are all commonly recommended by other personal finance creators and the finance world in general. They are investing with a robo-advisor, investing in a target-date fund, and DIY investing.
About a week ago, I decided it was time to open a Roth IRA. For context, I am a 22-year-old who graduated college in May 2020. My full-time employment has been delayed until January 2021. I have been filling my time with various side hustles and have actually started to make some money. I’ve decided that the postponement of my employment should not preclude me from starting to invest for retirement.
It is really important to structure how and when you allocate each paycheck. By flipping the conventional “save what’s leftover each month” mentality, you will find that “paying yourself first”, or putting money into savings right when you get paid, will allow you to save much more than you would have with the former mindset.
Evy is a 24-year-old New Yorker working in the finance industry who is absolutely killing it in the financial freedom and wealth building game.
Hi everyone, Julia here. I am super excited about the topic we’ll be covering today. I’m about to blow your mind (I hope). If I… Read More »Free Money? Using Retirement Tax Benefits to Maximize Your Income