• health savings account

Health Savings Account – Quad Tax Advantage

**This post is updated from a previous post for 2017 IRS limits** What is a health savings account (HSA)? A health savings account is a tax-exempt account to pay or reimburse certain medical expenses. I contribute to a health savings account because my employer only offers a high-deductible-health plan (HDHP), and this plan offers significant......
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Do Millennials work hard?

I finally realized that I am a millennial. At 29, I thought I was too old to be considered a millennial. It was only a few years ago that I heard the term millennial. Over the last few years, I’ve heard the question, “Do  Millennials work hard?” I did some research, and I found a......
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  • early retirement

Early retirement: is it possible and what is F.I.R.E.?

Today’s post will review some information I learned from the personal finance community regarding early retirement. Many folks use the acronym financial independence retire early (FIRE). How early are some of these folks planning to retire? I’ll share a few stories of bloggers I enjoy following, and then I will share if FIRE is possible. Finally,......
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  • pay off my house

Pay off my house or invest?

At the start of the year, I set goals for my blog in 2017. If you didn’t get a chance to read my post you can read it here. Before I provide a recap of my original goals, I want to share a new goal I set – pay off my house in 8 years.......
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  • Living paycheck to paycheck

What does living paycheck to paycheck mean?

Living paycheck to paycheck is a term I hear often within the personal finance community. There are some different definitions out there for what this truly means, but I struggle to fully comprehend what it means to NOT live paycheck to paycheck (P2P). Does it mean that if you missed one month’s salary and you......
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  • Smart Investor

Become a Smart Investor

I recently completed the book The Smartest Investment Book You’ll Ever Read: The Proven Way to Beat the “Pros” and Take Control of Your Financial Future by Daniel R. Solin. This book was recommended by Scott Alan Turner. Many of the concepts in Scott’s book, 99 Minute Millionaire, were similar to the concepts discussed in Solin’s......
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  • roth recharacterization

Roth Recharacterization – what the heck is that??

In this post, I will discuss how converting a pre-tax account at the start of a new year to a Roth IRA provides a “free” look at the market over the course of the year. If the market does NOT perform well, you can institute what is called a Roth Recharacterization so you do not......
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  • personal finance tips

6 personal finance tips to start off 2017

The start of a new year… Whether you finished 2016 on a high note or a low note, think of 2017 as a fresh start to tackle some things that you didn’t get around to in 2016. My article today reviews 6 personal finance tips to start off 2017. Many people set resolutions for the......
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  • Advice for millennials

Advice for millennials: 10 things I would tell my 18-year-old self

I was thinking the other day: what advice for millennials would I give that would be valuable for them to know? What would I tell myself when I was graduating high school knowing what I know now? Let me start by saying I do not regret my past. I believe in learning from the experiences......
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  • Goal setting 2017

Goal setting: My 2017 Blog and Finance Goals

In my post last week, I wrote my 2016 year-end summary. At the end of the post, I touched on why goal setting is important. I’ve read quite a few articles over the last week from different bloggers regarding goal setting, and most bloggers argue that people only achieve 8-20% of their goals. That was shocking to......
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