The median American household has $5,300 held in bank savings, according to the most recent Survey of Consumer Finances by the Federal Reserve. Yet not all of that sits in a checking account. Sometimes, it’s in a savings account. You’re probably…
People love to throw around the cliche “It takes money to make money.” While largely untrue for individual employees, it does contain a ring of truth for entrepreneurs looking to start and grow a business. After all, real estate, inventory,…
The average cost of private college tuition was a staggering $35,087 for the 2020-21 school year, according to U.S. News & World Report. That’s nearly the median annual full-time income of $35,977. What’s more, those costs only include direct tuition and…
Roommates aren’t just for college students. When I was single in my 20s and 30s, I always lived with roommates. Housemates help lower your rent or mortgage, utility bills, furnishing costs, and maybe even your food costs. They can help…
For most of us, our home is the most expensive asset we’ll ever own. But far from treating our homes as dispassionate investments, we get swept up in the image of the home we want. The perfect kitchen, the perfect…
When you first learn the premise behind the FIRE movement (financial independence, retire early), you start to wonder: how do I invest differently for FIRE? How can I earn enough passive income to cover my living expenses? Strap in, and…
Food is the third-largest expense in the average American’s budget, according to the United States Bureau of Labor Statistics (BLS). And that says nothing of entertainment expenses that include alcoholic beverages. Fortunately, because they’re such a substantial portion of our…
Robots really are coming for your job. At least if you’re an investment advisor. Over the past decade, a new type of financial advisor has emerged to compete with traditional investment advisory firms. These robo-advisors began as startups backed by…
Upon learning about the concept of financial independence and retiring early (FIRE), most people envision sitting on a tropical beach somewhere for the rest of their lives, sipping drinks with little umbrellas in them. That sounds like it would be…
Americans pay Uncle Sam more in taxes than they save and invest for their own future — many, many times more. The average taxpayer loses 29.6% of their income to federal income taxes, according to the Tax Foundation. For Americans looking…
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