This page consists of investment related blog posts. Here you will find FinTech or investment app reviews and comparisons and you will learn about different ways to invest for retirement, for fun, for real estate, for your health, and for your education. Invest at your own risk.
Understanding the mindset and strategies that make you successful in the long term are important in helping you save for a large expense like a house, education, or retirement. Here are some ways to grow your savings over time. 1. Set a Goal What are you saving for? How much money do you need? How do you want to spend your savings? Make a plan and set a goal. 2. Create a Budget After you set a savings goal, split…
Micro-Investing Apps, like Micro-Savings Apps, are designed to help you save without you feeling it. All of these apps do charge high fees for investing. They are not the best choices for an avid investor, but may help the beginner investor get started in investing. Here are the top 3 Micro-Investing Apps. 1. Qapital Qapital is an app that offers 8 customizable rules such as the Round Up and Spend Less Features. With the Spend Less feature, it will save…
Micro-savings apps are designed to help you passively save for a savings goal. Their concept typically involves taking small amounts of money from your checking account in a way that you barely notice. Many of these apps allow you to set savings goals or customize the way you save. Here is a list of the top 5 Micro-Saving Apps. 1. Qapital Qapital is an app that offers customizable goals and rules such as the Round Up and Spend Less Features.…
Velocity Banking uses a line of credit to pay off your ammortized mortgage or student loan. The concept includes borrowing money at simple interest to pay for a loan that charges amortized interest, thus saving you huge amounts of money on your loan. To get a good credit card or get a home equity line of credit, you need a good credit report. What if you don't have credit? You can still follow the velocity banking method to pay your…
Is $1 million enough to retire these days? You shouldn't retire based on age, but instead should focus on improving your net worth to reach your retirement goal, allowing you to retire as early as your 50's, 40's, or even 30's if you have a good income and start early enough. F.I.R.E. stands for "Financially Independence, Retire Early", but it's not for everyone. Here are 3 steps you need to take to reach the goals of the F.I.R.E. movement. 1.…
For over a decade I used Intuit's Mint app to track my net worth, expenses, and credit score. I was tired of dealing with the sync issues in Mint so I started to look elsewhere. That is when I found NerdWallet. Like Mint, NerdWallet is free and tracks your net worth, expenses, budgets, and credit score. I was able to connect all of my accounts (banking, credit, loans, retirement, and investment) to NerdWallet without any hiccup. Open the app and…
Cryptocurrency is an unregulated and decentralized digital currency that can be used to buy goods and services. Bitcoin, the most popular crypto, has been around since 2018 and has just hit a price of $30,000 for the first time. In fact, the value increased by $5000 in the first few days of 2021. There are many people who think Bitcoin and cryptocurrency is a scam while others invest all of their money in Bitcoin. The truth is you can buy…
Real estate investing is one of the most popular ways to invest your money. Your tenants can give you equity in your property, increase your net worth, pay off your debt, and give you passive income. I saved as much as I can with my first job after college. Half of my income went straight into student loans while the other half went towards savings. My parents provided me with food and shelter. By the time I was 24, I…
With rising tuition costs, more and more people are finding it difficult to afford an education, especially for those in the low and middle class. Every year, the number of people who skip college is increasing. Those who don't get scholarships and attend private school are ending up with a 10-30 year student loan payment term that rivals a mortgage payment. Luckily, each state offers a 529 triple-tax advantaged education savings account. The money you contribute to a 529 is…
Want to become a real estate investor? Real estate investors invest in properties to make money, however many beginner investors fail and never see their returns. Here are 8 ways to maximum your earning potential and reduce your risks as a landlord. Find upcoming markets - This is one of the most difficult tasks in becoming a real estate investor. Find an area in development with a young professional demographic. These areas typically have low cost properties that charge high…
