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

hey 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 has lived through a major natural … [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 . In this episode, Daniel and I discuss how he’s made the most of his … [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...]

Ally Invest [formerly TradeKing] Review: Online Stock Broker with Award-Winning History

Trading stocks online for the first time can be a scary venture, especially if you’re not familiar with what an online stock broker can offer. Using a reputable company with a good track record should give you some peace of mind. TradeKing was one of the top online stock trading providers until the company was acquired by Ally Financial in 2016. Since then, Ally Invest (as it's been re-branded) has continued to offer a variety of investment options with most of … [Read more...]

015: How to Organize and Invest Your Money with America’s Millennial Money Expert Robert Farrington

Robert Farrington is America's Millennial Money Expert and Founder of TheCollegeInvestor.com. Robert is on a mission to help millennials get out of student loan debt and start building wealth for their future. Robert is the quintessential master of his money. At such a young age in his early 30s he’s showing us all how it’s done. Really impressive. In this episode, you’ll hear Robert share how he’s managed to pay off debt and make huge strides with his … [Read more...]

Wealthsimple Review: Canada’s Largest Robo-Advisor Comes to America with $50 Bonus

Since 2014, Wealthsimple has offered Canadians excellent service as the largest robo-advisor in the Great White North. Now, Wealthsimple comes to the U.S. (along with a sweet $50 signup bonus for PTMoney readers) with the same no-nonsense mission of bringing “smarter financial services to everybody, regardless of age or net worth.” Read on to learn more about what Wealthsimple can offer you, and what makes it different from other robo-advisors: What Wealthsimple … [Read more...]

006: Achieving Financial Independence (and Happiness) in Your 30s with Brandon, the Mad Fientist

Enjoying these show notes from the podcast? Be sure to subscribe to the show in iTunes and you'll get notified when each new episode is ready! Who is The Mad Fientist? The Mad Fientist (aka Brandon) is a computer programmer and highly accomplished “fientist” (a word he made up himself) originally from Pittsburgh, Pennsylvania. He’s now living in Glasgow, Scotland, his wife’s hometown. He achieved his personal financial independence number a couple of years ago at … [Read more...]

Kavout Review: An Innovative AI Investing Platform

We recently wrapped up another FinCon and the second annual FinTech Startup Competition.  The competition is the first ever early-stage business competition dedicated to technology products and solutions for the consumer-facing personal finance and investing verticals.   The competition was presented in partnership with SoFi, who chose this year's winner, Kavout, to participate in their Entrepreneur Program. Today's post reviews their service and the features that … [Read more...]

Best Automatic Savings (& Investing) Apps to Round Up Savings in 2018

aving money has a lot in common with flossing: you know it’s important, professionals wag their fingers at you when they find out you’ve been neglecting it, and it seems like a major pain to get in the habit of doing. Luckily for reluctant savers, technology has come to the rescue in the form of automatic savings apps. (Unfortunately, automated flossing technology is still years away.) Even the most budget-averse user can automatically begin growing their wealth … [Read more...]