Before I get into this, I should explain that I have been using the velocity banking method for 1 year now, and it has already shaved off 11 years and over $54,000 of interest from my mortgage. IT WORKS!! I plan to be done paying off my new house by 2026. To explain velocity banking, I have to explain the basics. A loan is a lump sum of money you borrow and pay back over a fixed term. It is…
As a 25 year who had just finished paying off their student loans, I knew nothing about investing, but suddenly had extra cashflow. There were no popular personal finance YouTuber's at the time so I had to do some of my own research on investing. I decided to enroll for a Roth IRA with Betterment. Betterment is a hands-off service that helps you manage your money through guided investing, retirement planning, and cash management. They offer Roth IRA's, 401k's, Safety…
Budgeting is important if you want to save for retirement of pay off debt. Mint is the most popular budgeting app as it connects to all of your accounts to calculate your net worth and monthly spending in various categories. While this is convenient, Mint often has connectivity issues with your accounts. It often mis-categorizes your expenses and income. On top of that, Mint is filled with ads trying to get you to sign up for credit cards or loans.…
