Millennials have an entrepreneurial spirit and tend to have a lot on their plates. Being able to juggle several balls in the air and multi-task is par for the course for this generation. So why do Millennials often struggle with how to prioritize between saving for the future and paying down debt? Many Millennials still…
Navigating the stock market can be daunting for anyone, especially if you’re new to investing. Between struggling to pay off student loans, finding jobs in a difficult market, and setting goals for financial independence in a stressed market environment, it’s been a daunting few years in general for many Millennials, who may have put off…
Money can be a difficult subject for any of us to talk about, although it seems to be particularly challenging, statistically, for women. According to a recent study released by Fidelity, 80% of women surveyed said that they had refrained from discussing financial issues with friends or family, despite the fact that over 92% of…
What do you think of when you think of Millennials? The media loves to paint Millennials as “adventurous”, “risk takers,” and “thrill seekers.” But, surprisingly, when it comes to financial planning for Millennials, their behavior is anything but risky. In fact, there is evidence that, while emotions and biases play a large part in Millennials’ investment…
Millennials have a tremendous advantage over their Baby Boomer parents because they are comfortable talking about money. Having grown up with social media and the internet, this generation is not as private as their parents and grandparents are, especially about subjects like money and finance. The advantage is that open conversations can reduce fears and…
The concept of dollar cost averaging is investing a set amount of money at regular intervals. This might mean a percentage of every paycheck that is used for investing or a specific dollar amount. You might start with as little as $50 a month or $50 a pay period and that will begin to create…
Humans have a tendency to behave irrationally when it comes to money. Here are the five things investors get wrong that can harm their returns. Believing They Will Beat the Market Study after study shows that investors, including professionals, continually under perform the S&P. In their most recent SPIVA (S&P Indices vs. Active) report, released…
Financial Independence has become the goal for many who struggle with the overwhelming task of funding a long term retirement strategy that is so far away. In a world where jobs are constantly changing, skills need continual updating and stability is hard to find, many are rethinking how retirement is viewed. Instead of thinking of…
Just got a bonus or a raise? Read these tips before you start Googling airfares to Thailand… Using a bonus or a raise to catch up in financial areas where you’ve fallen behind is a great way to jump start 2015. From paying off high interest debt to setting up a college savings plan, there…
These simple strategies can make a big impact on your long term portfolio. Investing and finances can be overwhelming and confusing. Having so many options available, how is an investor to choose which direction to go. For those who seek to understand, it can become paralysis by analysis, where the more you study, the more…