Supporting Children as They Start Their Career
Watching your children transition from school to the professional world can be both exciting and nerve-wracking as a parent. Whether they’re starting their first job, launching a business, or figuring out their career path, they’ll inevitably face challenges that come with new responsibilities. During this time, your guidance can be invaluable, but it’s important to […]
529 to Roth IRA Conversions: An Alternative Way to Save For Your Child’s Future
I recently learned about a new fintech (financial technology) company called FutureMoney, who’s on a mission to help parents build wealth for generations to come. They have a new product called a Junior Roth IRA™, which is an innovative option to save for your child’s future. According to FutureMoney’s website, “The Junior Roth IRA™ is […]
Managing Investment Risk Through Diversification: A Guide for Young Adults
Investing can be an exciting yet daunting journey, especially for young adults in their late teens and 20s who are just beginning to explore the financial world. One of the most important concepts to understand as you start investing is the idea of managing risk. While no investment is entirely risk-free, you can significantly reduce […]
Building Wealth: Beyond Saving Money to a Positive Money Mindset
When you think about building wealth, what’s the first thing that comes to mind? For many, it’s all about saving money—putting cash aside for a rainy day or a big future purchase. But here’s the thing: building wealth is so much more than just saving money. It’s about creating a positive money mindset that will […]
Unlocking the Power of Side Hustles: Your Ultimate Guide
In today’s fast-paced world, having just one source of income might not be enough to achieve your financial goals or even cover all your expenses. This is where side hustles come into play. For many people, especially those aged 18-25, side hustles are not just a way to make extra money but also a path […]
Building Wealth: The Importance of Having Assets
Wealth-building is a crucial aspect of achieving financial independence and security and assets play a pivotal role in this process. For young adults especially, understanding the importance of accumulating assets is essential for long-term financial success. This article explores what assets are, why they matter, and how they can help build wealth. What Are Assets? […]
Why Saving for Retirement Should Start Now: A Guide for Teens and Young Adults
Hey there! Let’s talk about something that might sound a bit boring but is actually super important: saving money for retirement. I know, retirement feels like a lifetime away, but starting now can make a massive difference in your future. I was fortunate back when I was a young teenager that my father took the […]
Financial Principles Every Parent Should Teach Their Teenagers
As parents, we strive to equip our children with the skills and knowledge necessary to navigate the complexities of adulthood. One of the most crucial areas of education that often goes overlooked is financial literacy. Teaching teenagers about money management not only prepares them for independence but also helps them build a foundation for a […]
Time is Life’s Currency
Today I am attempting to write the greatest piece of writing in the history of man by focusing on the core currency that we all run out of: time. In 1854, Henry David Thoreau wrote in Walden, “The mass of men lead lives of quiet desperation.” In 2019, Joe Rogan brought this quote up with […]
A Beginner’s Guide to Taxes for Teenagers: Understanding the Basics
Taxes may seem like a daunting topic, especially for teenagers who are just starting to navigate the complexities of adulthood. However, understanding the basics of taxes is an essential life skill that can empower you to make informed financial decisions and avoid common pitfalls. In this beginner’s guide, we’ll break down the fundamentals of taxes, […]