Are You Ready To Take Charge of Your Financial Life?

  • - Information That Your Financial Advisor Does NOT Want You to Know
  • - Step by Step Guides on How To Achieve YOUR Personal Financial Independence
  • - Free Regular Advice on How to Get and Stay Rich with Money and Life

target date mutual fundsYou’ve been investing in your 401k for quite some time and are probably still clueless in where your money is going.  (Don’t worry…you’re not alone)

But you’re thankful that they offer these “target date” or “life cycle” funds that make investing in your 401k so easy.

What are target date funds? You know… the funds where all you have to do is choose the year you plan on retiring and voila – you’re all set.

Winner, winner, chicken dinner…..how easy is that?

Here’s the BIG problem.  Target date funds, although easy, can sometimes eat away at your returns.

Or stated just a bit more bluntly– They suck!


*You know I hate Target Date Mutual Funds when I take the time to record a video.
[.....]

Read this article →

Think you’ll be able to retire early with gobs and gobs and money?   Well, you might……if you actually save.

In case you missed that…..YOU HAVE TO SAVE!

For some reason, people tend to miss that.    The couple in this video missed it completely.

Hence, my Financial Rant…..

Read this article →

Are you currently struggling to keep up with your credit card minimum payments? Are you paying interest in the 14.99% to 24.99% (or higher) range?

You need to pay attention.

Did you know you can get a 0% loan for 12 months?

Imagine what dropping your interest rate down to 0% could do for your financial situation. That $5,000 balance that you’ve been chipping away at for months with no progress could be wiped out in 12 months if you really put your mind to it.

Don’t believe me? Let’s do some easy math.
[.....]

Read this article →

It’s one of those things that you think will never happen to you.

To walk into the kitchen and find the love of your life lying lifeless on the floor; dead on the cold kitchen tile.

It’s been over three years since I heard this story. A fresh widow sitting in my office clenching the box of tissues that I offered her, sharing her sad story with me.

She had been married to her husband for over twenty years. They had two wonderful kids and loved spending each day with each other.

The Family Man

The husband was a hard worker. He loved his family and gave each day his all. He had no preexisting conditions. As a doctor himself, he was very conscious of his health and took care of himself.

Stories like this happen more often than we want to believe. You see it in the news, you see it in blogs, you even hear about it on Oprah.
[.....]

Read this article →

Is That REALLY Affordable?

by Miranda Marquit

During the heady years prior to the financial crisis of 2008, many people thought that they could “afford” bigger homes.

Unfortunately, as low-rate mortgage reset, it became painfully obvious that those homes weren’t affordable at all.

But we don’t have to go nearly that big. In college, I assumed I could afford something because it fit neatly on my credit card.

Often, I bought items immediately, telling myself I could afford it because I could just pay it off with my next paycheck.
[.....]

Read this article →


“One million dollars…..baawaahahahahah!”

 

One million dollars...

I can’t help but chuckle when I think of Dr. Evil saying that in the classic series Austin Powers.

For many people, one million dollars sounds like a lot of money – and it is!

But a common misconception is that one million dollars of term life insurance is very expense.

That couldn’t be further from the truth.

To demonstrate, I attained quotes from the top insurance carriers using my new handy dandy free life insurance quoter.

Yes, I realize you could have entered the info yourself and found it on your own. I thought I would be a nice guy and find out for you. :)
[.....]

Read this article →

Review of Chase Blueprint

by Kevin Mulligan

Have you ever struggled to manage your credit card use? Have you been frustrated to be charged interest on your every day items while you try to pay down your balance?

A new set of software by Chase Bank called Blueprint aims to help you manage your credit card use and pay off your debt with a plan. This is an exclusive benefit to having certain Chase credit cards. Your other credit card companies can’t offer you access to Blueprint, and not every Chase card qualifies.

What is Chase Blueprint?

Blueprint is an online program that Chase credit cardholders get access to. It helps you handle a variety of credit card tasks: from avoiding paying interest to paying off a big balance with a dedicated debt-reduction plan. [.....]

Read this article →

Say what you want about Tebow… he has proven he is a competitor, a winner and the most important thing to him – a strong Christian that doesn’t ever stop believing.

I won’t sit here and pretend to you that I’ve always been a Tim Tebow fan.  I used to think that he would never play in one NFL game.   Heh.

Insert foot in mouth.

Tebow’s strong beliefs and work ethic deserve respect – no question.  And he certainly has mine now.

So what can we learn from Mr. Tebow when it comes to our finances?   Here’s a few thoughts….

Read this article →

Scottrade is one of the most solidified discount brokers in the industry.

They offer competitive trading costs as well as great customer service. Scottrade has a standard fee for every transaction of $7 dollars. It also doesn’t hurt that they are headquartered in my favorite baseball town of St. Louis – Go Cardinals!

They also offer the ability to trade options for $7 per trade, plus $1.25 per contract.
[.....]

Read this article →

Most Americans have some amount of personal debt.

If you include secured debts, like homes and cars, an astonishing 80% of Americans have accrued some form of debt.

Take the secured debts out of the equation, and 50% still have personal debt.

In addition, 10% of the public carries more than $10,000 in credit card debt, which is one of the reasons why most Americans should not use credit cards.

Moving beyond the statistics, I want to discuss the real cause of this phenomenon, and offer some tips and strategies to get out of debt.
[.....]

Read this article →

Many people own mutual funds and still have no real clue what a mutual fund really is.

And since more than 80 million people invest into mutual funds, wouldn’t you think people would want to have some idea of where there money is going?

Since all people like to eat, I thought I would try to explain what a mutual fund is using my favorite steak chili recipe as the analogy.

That’s right! Food and investing. I promise you it doesn’t get better than this!

[.....]

Read this article →

Time to Focus

Last year was the first year that I wrote a goals post here on the blog.

I truly loved the experience as it helped put things in perspective of what I really wanted to accomplish.

Plus, it’s exciting to see how those goals actually played out and what transpired over the past year.

I now realize this will be an annual occurrence here at GFC.

Before I start with this year’s goals, I thought I would reflect back and see how last year’s goals played out (You can see the post here).
[.....]

Read this article →
Page 2 of 7512345...102030...Last »