Betterment vs Wealthfront: these are the two largest and best-known independent providers in the robo-advisor space. They’re also two of the earliest entries to the field. Because of that, they've evolved to the point where they have far more services than what is offered by the typical robo-advisor. Betterment and Wealthfront are automated online investment platforms. Both charge a low annual advisory fee and manage your … [Read more...]
M1 Finance Review 2022 | What’s the Catch with Free?
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...]
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 primarily 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, so you can decide who is the … [Read more...]
Start Investing According to Your Values 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 … [Read more...]
PeerStreet Review 2022 | Did My $50,000 Experiment Pay Off?
Are you an accredited investor looking for a way to get involved in real estate investing without actually owning and managing a rental property yourself? I have my own rental property (pictured to the right), 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" Chad Carson, the … [Read more...]
How Much Cash Should You Keep In Savings?
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. Should You Keep Cash at … [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. I hope you enjoyed that. A big thank you to Brian for giving us the … [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. I hope you enjoyed that. A big thank you to David for giving us the gold today. Share on Twitter Stop … [Read more...]
Ally Invest Review 2022 | Best Overall Stock Broker?
There are many options for putting your money in the market and growing your investment. If you’re looking for a way to invest your hard-earned cash, consider going with an online platform such as Ally Invest. Ally Invest stands out from other major online brokers because it offers both self-directed and cash-enhanced managed accounts with low minimum balances. It also offers low-cost stock trading ($4.95). It’s a great … [Read more...]
How I Raised the Rent on Our Rental Property without Being a Mean Landlord
This past year we lost a long-time tenant. Sad. While we were bummed to lose them. The change gave us the opportunity to raise the rent and improve the monthly cash flow. We were able to increase the rent on our rental property by $300 - from $1,875 to $2,175 per month. That’s quite a jump. But it was necessary to keep up with rising property taxes and the increased demand for the unit. It's good practice to raise the rent, it … [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 Best Robo-Advisor?
For almost a decade, Wealthsimple has offered Canadians excellent service as the largest robo-advisor in the Great White North. Their no-nonsense mission: 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 Does Like other robo-advisors, Wealthsimple relies on technology to help you invest your money, … [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 … [Read more...]
Betterment Review (2022 Update): Revolutionary Online Investing
Update: This comprehensive review now includes the latest on the revolutionary personal investing service, Betterment. When it comes to investing, growth and capital appreciation are key. Therefore, it’s important to find a good balance between cost and an easy-to-use interface that simplifies investing. In my experience, the harder it is to figure out something, the less likely you are to use it. This is where … [Read more...]
