Podcast
Is Investing Riskier Than Saving? – The Cozy Nest Egg Podcast
Articles
Is Investing Riskier Than Saving?
We’ve all heard that investing in the stock market is risky and have encountered stories about people losing it all when investing poorly. People say that in order to keep your money safe, you should store it in the bank. That way you know it’ll be there when you need it. But is this really…
Everything You Need To Know About Emergency Funds
Life is full of uncertainties. You may be having a perfectly fine day, and then all of a sudden, disaster strikes. Whether it’s losing your job or ending up in the hospital, or even a more minor unexpected problem like your car breaking down, these setbacks can be devastating to those who are not prepared.…
Save Money By Switching To Healthier, More Satisfying Meals
Food-related expenses are the third largest category of expenditures for American families, according to the 2019 Consumer Expenditure Survey by the U.S. Bureau of Labor Statistics. We previously published an article about how to save on your grocery bill, but another way to save money is by switching up your meal choices with cheaper (but…
Why I Like Covered Calls
Investing can be simple, or it can be quite complex. For most people, simplicity is the best choice. Just invest in a total market or S&P 500 index fund, and you’ll be good to go (check out The Simple Way To Become A Millionaire). This allows you to take advantage of compounding in the stock…
Which Is More Important For Reaching Financial Independence: Increasing Income or Increasing Savings Rate?
Many people think that the primary way to become financially independent is by increasing your income so that you can quickly build up a nest egg. Others think that your savings rate is the most important. The truth is there are pros and cons to both approaches, and the fastest way to FI is by…
The Simple Way To Become A Millionaire
Everyone wants to be a millionaire, but no one wants to work for it. Here’s the good news: you don’t have to! There’s a simple way to become a millionaire with almost no extra work. It only takes three steps.
Infographic: Student Loan Debt – Is It Really A Crisis?
There has been a lot of talk about student loan debt in the news over the past couple years. The prevailing wisdom is that this debt, which students had to incur to pursue an education for a better life, is burdening the young generation and preventing them from succeeding. Recently, President Joe Biden has expressed…
Your Kindergarten Classroom May Impact How Much You Earn, Study Suggests
Is a Private Kindergarten Worth it? Back in January, one of my clients on Fiverr asked me to proofread and edit his written responses for his daughter’s private school application. They were interested in applying for ‘lolani School, which is known as the “best private K-12 school in Hawai’i.” The application consisted of four parts,…
Evaluating Our Own Financial Habits: Do We Follow Our Own Advice?
Many of our articles discuss the best ways to manage your finances, but just because you know what you should do doesn’t mean you actually do it. Do as I say, not as I do. In this article, I assess whether our own financial habits match up with experts’ advice. Advice #1: Save up an…
A Graphical Representation Of Why Your Retirement Withdrawal Rate Matters
Saving up for retirement is hard work. It can take a lifetime to accumulate a large enough nest egg to live on (see How Much Money Do You Need To Retire), and once you finally do retire, you want to make sure your money never runs out before you pass away. What happens to your…
How Does Cost Of Living Compare By Country?
Many people often daydream about living in another country, perhaps on a tropical island or maybe in an idyllic villa in Europe, either to get away from their mundane lives or to retire somewhere more affordable. But how much does it actually cost annually to live in different countries around the world? Methodology To find…
Why You Should Be Careful About Reference Points When Investing
One of the biggest weak points for an investor is the emotional component to watching your money rise and fall. Most investors underperform the market, and a big reason for that is emotional investing. People tend to buy into the market when it rises for fear of missing out on gains, and then they sell…
Loading…
Something went wrong. Please refresh the page and/or try again.
