What is Financial Freedom? Financial freedom is freedom from worries about money. To many people, this might seem like a pipe dream. We are constantly surrounded by advertisements that make us feel like we need more stuff. This can lead to overspending, credit card debt and all sorts of financial woes. However, financial freedom is […]
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Book Review: “Common Sense on Mutual Funds” by John C. Bogle
Common Sense on Mutual Funds: New Imperative for the Intelligent Investor by John C. Bogle (1999) For the second month of my year-long journey into financial literacy (read about it here), I selected a rather voluminous book, Common Sense on Mutual Funds, written by one of the investment world’s most notable contributors, John C. Bogle. […]
Read MoreWhy Do We Overspend?
How Can I Spend Less Money? This is a frequent topic of conversation with friends. They think it is as simple as cutting a cable bill or cancelling a gym membership. But these casual conversations rarely venture into why someone might overspend. Getting to the root of overspending, especially for anyone who is earning a […]
Read MoreDo I Need an Emergency Fund?
An emergency fund (sometimes called a rainy-day fund) is an amount of money you set aside in the event of an unexpected financial roadblock. For many people, saving money isn’t easy. A 2017 study by the Federal Reserve found that almost half of Americans do not have enough saved up to cover a $400 emergency […]
Read More6 Common Money Management Mistakes
Many Americans struggle with basic money management. It is something not taught in most schools. When you are old enough to start making your own money, it can be overwhelming and lead to bad spending habits and accruing debt. Most people don’t have an emergency fund and don’t pay enough attention to their cash flow […]
Read MoreBook Review: “Investing 101” by Michele Cagan
Investing 101: A Crash Course in Building Personal Wealth by Michele Cagan (2016) Hello again! As I mentioned in my last post, I’ll be a guest blogger for The Alexandrite Group this year. It’s my hope to increase my financial literacy and money habits in the coming months, by reading a book a month focused […]
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