5 Investment Tips for Beginners

Today we are breaking down 5 common investment terms you need to know in order to know what options you have when investing your money.  A STOCK IS A PORTION OF A COMPANY. Think of it like a pie! If the pie is cut into slices, stocks are the slices. If the company grows, your slice gets bigger and you can sell it for more than you bought it! If the company does poorly or shrinks so does your slice, and selling would actually lose money. Losing or making money on a stock depends on the company and how they do over the course of you owning the stock. A BOND IS BASICALLY A LOAN. It’s essentially saying “I will loan out my money in exchange for interest. I expect to get that money back over a period of time, but with interest.” This…

To view this post, you must purchase a paid-subscriber plan—learn more here.

Related Articles

Student Loan Mistakes to Avoid

There is a lot to talk about when it comes to student loans, so today I’m just going to speak from experience. I’M GOING TO UNWRAP ALL THE MISTAKES I MADE AND WHAT TO DO ABOUT THEM, AS WELL AS HOW TO DO IT THE RIGHT WAY!  When I graduated high school, I could attend college for free. I lived with my mom and fell under her W2s. My biggest mistake was getting married 2 years later. This pushed me under my now ex-husband’s W2 and I was no longer eligible for free school. I had to take out a loan to finish my degree, so I took out $25,000 to cover my last 2 years of school. When I graduated, I got a job…

To view this post, you must purchase a paid-subscriber plan—learn more here.

Kakeibo: The Art of Financial Mindfulness

By Gina Messina, Ph.D. About a year ago, a friend introduced me to Kakeibo, the Japanese art of budgeting and applying mindfulness to our spending, and I’ve been obsessed ever since. You see, I am a major contributor to our consumeristic culture. I see something shiny and I think I have to have it. A friend jokes that she hates going shopping with me because I have to pick up and touch everything on the shelves (although I’ve eliminated that practice due to COVID!).  Like so many of us, I am easily persuaded by marketing tactics. Now that we so rarely spend cash, it feels like I can simply swipe a card, click a button, or use my fingerprint and suddenly I have a new…

To view this post, you must purchase a paid-subscriber plan—learn more here.

3 Ways to Increase Your Income

Penny-pinching can only get you so far in your savings goal, so today I’ll give you 3 ways to increase your income! THIS METHOD MAY NOT BE EVERYONE’S FIRST CHOICE, BUT IT’S WHERE I HAVE THE MOST EXPERIENCE: JOB-HOPPING.  Now before you click away, I don’t mean a different job every month. I simply mean finding a job that pays more for the work you do. You have to be strategic about this one. I recommend staying with your current job for a while, learning all of the skills available, becoming a better, more knowledgeable employee, then maybe jump ship to something more suitable!  Find your next job with intention. Do research into the position you are interested in and use a site like Glassdoor to see what…

To view this post, you must purchase a paid-subscriber plan—learn more here.

How Much You NEED to Retire Comfortably

Figure out how to calculate the amount you’ll have saved for when you retire and what you need to be comfortable. We all want to retire with a comfortable amount of money, but how much is comfortable for the lifestyle we live? Experts say you should save at least  1 to 2 million dollars in order to live a comfortable life after retirement. But is that amount realistic? You definitely don’t need millions, I can tell you that.  By age 65, most people retire with about $164k. That’s a big difference from a million dollars, so is that number too low or is 1 million too high? Well, you have to understand that everyone’s lifestyle varies and people may not spend as much as others or have…

To view this post, you must purchase a paid-subscriber plan—learn more here.

How to Choose Between Passion or Paycheck

Whether you are looking for a new job, considering ways to advance in your current position, or are thinking about pivoting, paycheck and passion are likely top of mind. The two “Ps” can seem to be at odds with one another and choosing to prioritize your income or your passion is a difficult decision. According to Dr. Andrea Goeglein, CEO of ServingSuccess, “It’s an age-old career dilemma that every generation has had to grapple with.” Sometimes our passion projects come with the paycheck we deserve; however, this decision is especially challenging when our passion and income goals don’t match. So how do you decide? The answer: It depends. Your current job situation, home responsibilities, and career stage all need to be taken into consideration. When…

To view this post, you must purchase a paid-subscriber plan—learn more here.