Net worth is a useful tool to gauge your overall financial picture. We have good data in America for average net worth by age. See how you stack up and because LMM listeners are not average, what your net worth by age should be.
What’s a measly 1%? It’s a lot in terms of fees. We will show you the impact of fees in the long term. Fees can eat into your investments more than you realize and the impact of those fees in the long term can devastate your retirement savings.ong term.
There are a lot of questions in personal finance but maybe the biggest is invest or pay off debt? That is the question today.
You have savings but no time to put it to work. I understand. That’s why you need a no effort investment strategy. Set it and forget it with no worries.
We want to show you investing is not hard, anyone can do it and you can start investing with any amount money. The earlier you start, the better so we’ll explain the basics of how to start investing.
You need to invest your money. It simply doesn’t make sense not to. Even if you only invest 5% of your money, it would still be worth it. This is your investing for beginners 101 cheat sheet. We explain the basics of simple investing and aim to inspire the proper mindset you need to succeed.
Emotions have no place in investing. You rely on cold, hard data to make investing decisions. Today we’ll talk about ways to take the emotion out of buying stocks.
You’ve probably fallen victim to the sunk cost fallacy at some point. We explain what sunk costs are so you can avoid them.
Opportunity cost is what you give up when you choose between options. No matter what we choose, there is a next best choice that we give up, that is the opportunity cost. We want to minimize our opportunity cost by choosing the option that benefits us most- risk vs. reward, cost vs. quality, salary vs. qualtiy of life.
Dollar cost averaging takes the fear out of investing. Today we’ll explain what it is and how it benefits you whether you have $5 to start with or $1000.
As humans, we don’t always make the most rational decisions. Sometimes other things trump rational thought. Avoid these common investor behavioral mistakes.