The Problem with “Pay Yourself First”

You hear the phrase “pay yourself first” all the time. I agree in theory, but when we look at it deeper, how does that affect other areas of your financial life? Is the “pay yourself first” mentality really the best way to make progress with your money?  “Pay yourself first” is a frequently used phrase to justContinue reading “The Problem with “Pay Yourself First””

The Hidden Opportunity Cost of Every Purchase

Imagine you’re driving to work and realize you completely forgot your 20¢ iced coffee at home. I guess you gotta snag a quick cup of joe from the Starbucks on your way.  As you creep forward in the drive thru, you notice the price for a cup of their signature Pike Place is now $34. OhContinue reading “The Hidden Opportunity Cost of Every Purchase”

What is the BEST Way to Start Investing in 2021?

What’s the best way to start investing in 2021? How should you choose what types of accounts to save your money in first? Retirement will be here before you know it. Let’s begin preparing now! Let’s start with tax advantaged retirement accounts. The most common are the 401k and the IRA. Just recently, we lookedContinue reading “What is the BEST Way to Start Investing in 2021?”

401k vs IRA: What You Need To Know About Each for Retirement Savings

When it comes to retirement, I’m sure you’ve heard all the letters and numbers: 401k, IRA, 403b, TSP, etc. Confusing, right? What’s the best one?  That’s why today we’re going to look at two of the most popular — the 401k and the IRA. We’ll look at the pros and cons of each so youContinue reading “401k vs IRA: What You Need To Know About Each for Retirement Savings”

7 Reasons You Need a Budget in 2021

Hello and happy Monday! It is a happier Monday than normal given Christmas is this week! I find a lot of people think a budget isn’t necessary for them. They’ve got things under control despite 79% of Americans living paycheck to paycheck. So for that reason, here are 7 reasons I believe budgeting is essentialContinue reading “7 Reasons You Need a Budget in 2021”