M1 Finance Review: The Free Robo Advisor YOU Control

If you've been fascinated with the idea of robo-advisors, but still prefer to go the do-it-yourself route, you need to check out M1 Finance. It’s a robo-advisor for sure, but one with a unique twist: you choose your own investments. That's the self-directed part. But once you choose your investments, you get all the benefits of a robo-advisor. M1 Finance then manages your portfolio for you, including periodic rebalancing and … [Read more...]

The Cash Flow Analysis for Our Rental Property (at Year End 2018)

It’s time once again to do our annual rental property cash flow analysis. To see previous years, visit the link at the bottom of the post. Twenty-eighteen was another challenging year for our rental property: 100% occupied (thankfully), new contract negotiations, and major water damage that ruined the wood floors! If you're new to my recaps, this is property is our old personal residence - a Frisco, TX townhome we purchased in … [Read more...]

Personal Capital vs Mint: Which is Better for Understanding Your Investments?

Are you looking to get more control over your financial situation? Personal Capital and Mint both give you an overview of your spending and investments but in different ways. Mint is mostly an aggregator and budgeting app, while Personal Capital is mainly an aggregator and investment management platform--but also offers limited budgeting capabilities. Let's take a look at both services in detail, and see which will work better … [Read more...]

Start Investing for Only $5 with Stash Invest (Our Review)

Many people have trouble getting started investing. There are often high balance requirements that make it difficult to even open an account, let alone actually start investing. If you’ve been having difficulty getting out of the investment starting gate, you can get plenty of help through an app known as Stash Invest. Stash will enable you to invest in fully constructed investment portfolios that are consistent with your own … [Read more...]

The Best Passive Income Ideas That Actually Work

If you're like me you're always in search of the best passive income ideas. Honestly, though, passive income sounds a little bit like a leprechaun: a mythical creature that provides you with money without you having to work for it. But passive income--otherwise known as residual income or investment income--is the real deal, unlike magical bearded men with pots of gold. I have several passive income streams going on in my own life … [Read more...]

My $10,000 Real Estate Crowdfunding Experiment with PeerStreet [Review]

Are you an accredited investor looking for a way to get involved in real estate investing without actually owning and managing a piece of property yourself? I have my own rental property, but I can't imagine taking on another one at this point. And the turnkey stuff either seems shady or too involved. So I've been looking at all of the various options, and asking some friends. Coach Carson, author of Retire Early with Real … [Read more...]

How Much Cash Should You Keep In Savings? (Plus Where to Keep It)

They say everyone should have three-to-six months’ worth of expenses in an emergency fund. Unfortunately, if you follow this rule you probably have quite a bit of cash earning almost nothing in interest--and losing money to inflation. Where you save your money can be just as important as how much you have saved. Here’s what you need to know about where you should be stashing your rainy day money: Cash Savings at Home Anyone who … [Read more...]

How to Track Your Net Worth [+ My Net Worth]

You're probably reading this site because you want to see your financial life improve? Maybe move toward financial independence? Good on you, my friend! A great way to get better at something is to start tracking it. Let's talk about measuring and tracking your net worth. Simply put, your personal net worth is equal to your assets (the things you own) minus your liabilities (i.e. debts). The trick to getting an accurate number is to carefully examine what you … [Read more...]

045: Become the Investor in Your Family with Brian Bain

Brian is the founder of Investor in the Family and Online Investor Conference. At Investor in the Family, Brian's goal is to help protect investors from making big mistakes that jeopardize their portfolios and financial futures. Brian lives in Dallas with his wife and son. So let’s dig in. Let’s meet today’s Master of Money…. Listen to the Episode with Brian Bain Listen to it on iTunes. Stream by clicking here. Download as an MP3 by right-clicking … [Read more...]

036: Increase Your Profits Like a Boss with Hilary Hendershott

Hilary Hendershott is the host of Profit Boss Radio, a weekly podcast for women and money. Hilary has an MBA, and she’s a Certified Financial Planner. She’s a TEDx speaker, and she’s been featured in the Wall Street Journal, NBC, ABC, FOX, DailyWorth, and more. In this episode, Hilary and I talk about her interesting history with money, her financial failures and successes, and her amazing plans for the future. I had a lot of fun with this conversation. Listen to the … [Read more...]

035: The Secrets to Investing Success and Building Wealth with Author Dr. Daniel Crosby

Educated at Brigham Young and Emory Universities, Dr. Daniel Crosby is a psychologist and behavioral finance expert who helps organizations understand the intersection of mind and markets. Daniel was named one of Investment News "40 Under 40" and a "financial blogger you should be reading" by AARP. Daniel's second book, Personal Benchmark was a New York Times bestseller. His latest book is The Laws of Wealth: Psychology and the Secrets to Investing Success. In … [Read more...]

033: Stop Worrying About Money with J. David Stein from Money for the Rest of Us

David Stein produces and hosts the top-10 iTunes ranked investing podcast Money For the Rest of Us where he teaches over 25,000 listeners per episode about money, how it works, how to invest it, and how to live without worrying about it. So let’s dig in. Let’s meet today’s Master of Money…. Listen to This Episode with David Listen to it on iTunes. Stream by clicking here. Download as an MP3 by right-clicking here and choosing "save as." I hope you … [Read more...]