To accelerate your push to financial freedom, I recommend that you keep your fixed monthly costs as low as possible. Along with monthly cell phone bills, a gym membership is one of those pesky monthly fees that is challenging to reduce or eliminate. There are several reasons why a gym membership may make sense in your budget. For example, if you enjoy […]
Archives for August 2017
What Should You Do When the Market Goes Down?
Last Thursday, August 17th, 2017, the S&P 500 logged it’s second largest one-day decline of the year, at 1.54%. In the scheme of history, this is not particularly newsworthy. After all, the S&P 500 has logged much larger percentage losses in the past, as the table below shows. If you are a long-term investor, you shouldn’t […]
A Simple, Practical Approach to Budgeting
Learning to budget is scary. After all, it means you have to say NO to unnecessary purchases and keep your eye on long-term goals at the expense of short-term pleasure. There are a variety of ways to budget, ranging from the restrictive and somewhat impractical “envelope system” to the more vague and potentially ineffective “wing […]
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