A popular topic in personal finance is passive income. Income that doesn’t require you to trade your time for money is “the dream” for many people. There are many different forms of passive income, but the ultimate passive income is dividend income. Dividend income comes from owning dividend-paying stocks. Not every company pays dividends. If […]
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There are many ways to maximize your Health Savings Account, or HSA. We list many of these in our Health Savings Account (HSA) Guide. This guide also provides a nice overview for those who are a newer to Health Savings Accounts. They include things like: Shifting dollars from the savings portion of your HSA to […]
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2023 may be your first year with a Health Savings Account, or HSA, and you are looking to understand how it works. Or, perhaps you may have had an HSA for years but haven’t used it. It sounds weird, but I love writing and talking about Health Savings Accounts. I don’t think enough people know […]
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I’m making a bold statement today: An HSA is the absolute best retirement account. Not taking full advantage of an HSA – or Health Savings Account – can be a costly mistake for those who are in the financial position to contribute to one. There is a general lack of information about the advantages that […]
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When you think of the company SoFi you probably think of student loan refinancing. And that’s to be expected, since that is where SoFi got started (see our SoFi student loan refi review). But SoFi has since expanded their offerings. Not only can you refinance your student loans with SoFi, you can also open […]
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One reason the rich get richer is because of passive income. Simply by having money that can be used to purchase shares of companies allows the rich to make money even if all they are doing is sitting on the couch all day. You don’t have to be rich to have passive income, though. […]
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When you start getting your finances in order, your first order of business is usually to start an emergency fund. Emergency funds are so vital to financial wellness, because without them, it’s pretty difficult to make any significant progress. An emergency fund essentially provides a buffer so you aren’t completely derailed from your financial […]
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Anyone who has thought about passive income has asked themselves the question: how much money would I need to live off dividends? Not that dividend income is the only form of passive income, but few would disagree that dividend income the ultimate passive income – it requires little to no effort to maintain. Many […]
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This post is about investing, but I first want to recognize that even having the cash flow to invest is a big hurdle for many. Over the past couple decades wages have grown at a slower pace than the cost of living. It’s also become the norm to graduate with student loan debt, which […]
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