As a personal finance blogger, you’d think I’d have a pretty good understanding of compound interest by now. I thought I did, right until I ran a little experiment that shocked me to my core, and nearly two weeks later, still has my head spinning. The experiment It’s funny. As an obsessed money geek, I’ve […]
Investing
18 Income Producing Assets to Generate Serious Passive Income
What’s the key to building wealth? Multiple income streams. At least that’s what millionaires will tell you. 65% of them have at least three income streams, and nearly 1/3 have 5 or more income streams. So if you’re still tied to your day job, and you’re serious about reaching financial freedom, then ditch the cars, […]
How to Hack Your Roth IRA as an Emergency Fund
Don’t emergency funds suck? Sure, they might help you sleep better at night. But let’s be honest. In the world of putting your money to work, that lousy emergency fund is the biggest slacker in the group. While the rest of your money is busy wheeling, dealing, and investing, that boring emergency fund is just […]
Personal Capital vs. Mint: The Ultimate Money App Showdown
When it comes to tracking your money, the personal finance industry has two clear leaders in the free category. Which leads to one of the most common questions sent across the Money Wizard inbox: Personal Capital vs. Mint? There’s only one way to settle this dispute, and that’s a head to head comparison between the […]
The Correct Order for Investing Your Money
Let’s imagine you stumble onto a suitcase bursting at the seams with cash. Hey, isn’t this game fun!? Maybe you’ve got a rich uncle, or your side hustle as a gray market arms dealer just took a lucrative turn. Or maybe, more realistically, you’re like most readers of this site. You’ve started making decent money, […]
