Because I am a financial coach, most people assume that I am a strong proponent of the FIRE movement. If you have never heard of it before this acronym stands for Financial Independence, Retire Early. The FIRE movement started gaining momentum around 2010 and since then has taken off in millennium communities around the globe. … Continue reading Why I am Not a Proponent of the Financial Independence, Retire Early (FIRE) Movement
The answer to this question might seem obvious. You should use emergency funds during emergencies, right? Well it is not always that simple in everyday life. And it gets even more complicated in the midst of an unprecedented and particularly daunting economic crisis. In order to adequately answer this question you must first define what … Continue reading When Should I Use My Emergency Funds?
Credit cards are a vital part of everyday life for the average person because they have become essential tools in the online marketplace. So based on the wide-spread scope and use of credit cards I wholeheartedly recommend that every independent adult carry a credit card. This simply makes life easier from many perspectives. The benefits … Continue reading Should I Get a Credit Card if I Have Poor Money Management Skills?
Choosing a brokerage firm can be daunting in today's investment market. There are many options to consider when deciding which one is best for your investing needs. I often advise my financial coaching clients on several options that may be a good fit for them. However, this is because I have built a strong relationship … Continue reading 6 Things to Consider When Choosing a Brokerage Firm
The number one source of opposition that I get from my financial coaching clients is their fear of investing in the stock market. Once I help them develop strategies to pay off their debt so that they can begin building wealth they usually want to stop at simply saving money. While I always recommend having … Continue reading 5 Tips for Overcoming Fears About Investing in the Stock Market
This is a question that I have been getting a lot lately. More and more people are concerned about storing away for the future since COVID-19 has ravaged the global economy. And rightfully so. We should always prepare for our financial future because we simply don't know what tomorrow holds. As such, saving and investing … Continue reading Is it Better to Save or Invest?
A number of my financial coaching clients ask me if they should apply for a new credit card in order to reap the benefits of sign-up bonuses. I must admit that these programs are quite tempting as a number of them offer significant cash, travel, or other rewards. I have personally reaped the benefits of … Continue reading How to Make Credit Card Sign-up Bonuses Work for You (And Not the Other Way Around)
Oftentimes when someone finds out that I am a financial coach, they start asking me questions about investing. While I am an active investor, advising people about trading is not part of my role as a financial coach. In fact, I am not legally qualified to do so on a fee basis. Instead, my role … Continue reading The Difference Between a Financial Coach and a Financial Advisor
