Rule #1 Finance Blog
financial control
4 Bad Investments for the Middle-Class to Avoid
Over 120 million Americans fall into the middle-class.
The American middle class was once thought of as the backbone of the national economy and while the people who make up the middle class are still just as hardworking as ever, some of the things that we thought we’d have – like retirement, a house, a debt-free lifestyle – just aren’t there anymore. Read more.
Investment Risk vs Investment Reward
Does taking more risk when you invest actually yield more rewards? Risk and reward are the yin and yang of investing. Both are always present, though it is certainly possible to reduce your investment risk and increase your reward if you follow the right investing strategy.
Before you can go about reducing risk and increasing reward, though, you first must understand what the risks and rewards are – and what you can do to alter them. Read more.
Understanding The Pros and Cons of Credit Cards
The average United States household now carries more than $16,000 in credit card debt.
Can you relate? Read more.
Start Early With These 5 Tips for Investing in Your 20s
When it comes to investing, the earlier you start the better. Compound interest will help grow your money exponentially, meaning that if you start investing in your 20s, rather than later in life, you can end up with many times the amount you saved as a young person. When it’s time to retire, you will find that a few hundred dollars invested at age 20 has grown into a valuable asset.
If you are in your 20s and want to get a head start on investing, here are a few tips to help you out.
6 Money Traps to Avoid in Your 30s
Getting to middle adulthood demands a shift in priorities. Once you stop needing to count the days to your next paycheck, it’s time to start really planning out your financial future. There are so many money traps that can get in the way, and you may not even realize it. Read more.
5 Tips to Help Improve Your Credit Score
Learning how to improve your credit score is essential for financial and investing success.
It’s no secret that your credit score can have a major impact on your ability to get approved for financing—but did you know that your credit score can even affect your ability to rent an apartment or secure certain jobs? Read more.
Why You Don’t Need a Financial Advisor
One of the most commonly held misconceptions in investing is the idea that you must work with a financial advisor in order to be successful.
Perhaps this myth has persisted for so long thanks to persistent marketing on behalf of financial advisory firms.
However, the reality is that investors who manage their own money are often able to perform just as well or better than those who work with a financial advisor and without any high fees eating into their returns. Read more.
7 Tips For Spending Money Wisely
For some people, financial struggles are due to not bringing in enough money. For many others, though, the problem comes from not spending money wisely or from spending more money than they make. Read more.
Invested Book Q&A: Phil & Danielle Your Most Popular Questions About the New Book
Over the past couple of years, I’ve hosted a podcast called Invested with my daughter Danielle. Danielle had spent her life avoiding the stock market for fear of losing the money that she worked hard for and I set out to teach her how to invest.
I’ve never feared investing like Danielle did and through recording the podcast, we realized that many people also share the same fears as her. Read more.
Why is Debt Getting Harder to Pay Off?
Paying off debt is not easy. Trust me, I’ve been there. It can be especially hard if it’s credit card debt. Credit card debt can be crippling to you, and your wallet. It also makes it impossible to invest.
Think about it, you’re paying 18-20% on credit card debt and you’re also going out and doing great as investor making 15% a year. Sadly, you’re still losing 3-5% a year because of the credit card debt.