For any parent, college funding is top of mind. With college tuitions rising like crazy (some are over $75,000 now…😳), it puts greater pressure on you to save for college while your kids are young. It’s not easy for most folks to just dish out $75,000/year from their annual cash flow when those college tuition[…]
Why You Should Rethink Your Student Loans Right Now
As part of the CARES Act, all federal student loan payments are automatically suspended until September 30th. During this time period, no interest is accruing between March 13th, 2020 and September 30th, 2020. This covers the following loans: Direct federal loans FFEL federal loans Federal Perkins loans This is a significant relief to student loan[…]
How Should You Be Thinking About Financial Freedom During This Crisis?
The concept of financial freedom continues to gain popularity – either through the FIRE movement or people abandoning the work-until-you’re-65 mentality. However, it can be unnerving during times like this. The market has fallen sharply, our economy is heading for (if not already in) a recession and your income may be unstable right now. We[…]
5 Financial Planning Questions For Young Families To Ask Themselves
As a young family, your life is always on the run. Between work, dropping your kids off at daycare, attending soccer games, etc. it’s hard to carve out time for you, let alone time to properly manage your family’s financial life. With the addition of kids, you find your financial life all of a sudden[…]
The CARES Act – How Does This Affect You?
The CARES Act (they have to spend a decent amount of time making these law names sound good… right?) was officially signed into law on March 27th. There are a significant number of provisions within the CARES Act. If you’re bored, you can read the full bill here. This blog focuses on the following provisions[…]
Student Loan Interest Is Suspended… How Does This Affect You?
* Student loans payments have been suspended since this blog was written. Please reference this blog for the most up to date information about your student loans! President Trump announced shocking news that all interest on federal student loans will be waived until further notice. This was just one of many actions that the government[…]
COVID Stock Market Crash Commentary
The longest “bull” market in history is now officially over. It started in March 2009 and ended on March 11th, 2020 as we officially hit a “bear” market (defined as a 20% decline from its peak). Now this happened fast. Really fast. Since 1915, the average amount of days for stocks to go from peak[…]
The True Measure Of Wealth Is…Time
Like it or not, we live in a society where wealth and success is measured by the amount of money you have. The big house, the fancy cars, the 7-digit investment account balance – it’s what we are all taught to aspire to achieve. This puts an incredible amount of pressure on us and often[…]
Your Simplified Guide To Investing
The investing world can be scary. You’ve probably made investment mistakes, or know of someone who has. This is perfectly normal! Honestly, everyone has made investment mistakes – myself included. I bought medical marijuana penny stocks in college which did not turn out so well… It is extremely difficult to give up control of our[…]
3 Reasons Why Refinancing Your Student Loans May Not Be Right For You
*Please note that this article first appeared in Cashay. Student debt is the fastest rising debt in America, hitting $1.51 trillion in the third quarter of last year. To put that in perspective, the federal student loan balance in the U.S. exceeds the value of all goods and services produced by Spain, the 13th largest country[…]