What if you could do more of the buying low mentioned in the previous post so that when the market recovers and climbs higher than before, your portfolio is lifted that much more by the upswing? While it’s generally not good practice to try to time the market, investing more during a recession could be a prime opportunity to buy a lot of shares when they’re at a cheaper price than usual. If you have a way to responsibly earn some extra money in your spare time or comfortably

While the best way to grow your retirement accounts is to steadily and automatically allocate the same amount of money into them every month, it’s worth being aware of some concepts that play into the ups and downs of your portfolio’s performance, and how a downturn in the near future can be to your advantage in the long run. Understanding these concepts can help you to stay calm and steady when your investments fluctuate in value. Additionally, they can help you identify opp

At this point in the Accelerated Learning Roadmap for Success (ALRS), you’ve learned how to get a better paying job and start advancing your career, as well as how to use checking and savings accounts and a credit card to manage your regular cashflow well. Now, you should open an individual retirement account (IRA) as soon as possible if your employer isn’t already offering you a retirement savings plan. This post turns to NerdWallet with an assist from Ready Aim Retire for g

There are lots of ways you’ll need to manage money over the rest of your life. Learning about all of these different ways to manage money right now might not be interesting or relevant, so unless you really want to learn about them all right now, it’s better to set a reminder that will appear at the right time, maybe months or even years into the future. In this post, you’ll become initially aware of several financial instruments and the point in your life when you’ll want to

It’s important to go over a few basic things before getting a job so you have a place to put the money you earn and a good way to manage your cashflow, if that’s not in place already. What do you need to gather, and what do you need to do? This post will go through that so that after you complete these steps, you have the basic infrastructure in place to manage everyday finances effectively. Subsequent posts will build on this, explaining other financial instruments for growi

Everyone should know the value of budgeting and how to do it for themselves at a basic level. Some parts of the budget, like setting aside some money for fun and treats, are easy to stick to. Others that aren’t as immediately rewarding, like saving money for your future, are more tempting to forgo. Knowing appropriate amounts of your income to allocate to your needs and wants is the first step to take before identifying and using techniques to motivate yourself to stick to th