Investment Insight

Paying off medical debt requires a different strategy than consumer debt because medical bills often lack a formal interest rate and are subject to specific consumer protection laws that delay their impact on your credit report. Unlike credit cards or…

The question of how much you should spend on your home is perhaps the most significant financial decision you will ever face in your adult life. For most individuals and families housing is the single largest expense in the monthly budget and it dicta…

The concept of a zero based budget is one of the most powerful and transformative tools in the world of personal finance. It is a method of accounting where every single dollar of your income is assigned to a specific category until the remaining bala…

The envelope budgeting method is one of the oldest and most effective ways to manage personal finances by using physical boundaries to control spending. At its core it is a simple cash based system designed to help you visualize your money and stay wi…

Paying off a fifty thousand dollar debt requires a combination of aggressive financial strategy and a disciplined psychological approach to money management. To start this journey you must first organize all your liabilities into a clear list includin…

The goal of saving ten thousand dollars in a single year is a significant milestone that can completely change your financial trajectory. For many people this amount represents a solid emergency fund or a down payment on a new home or the seed money n…

Prioritizing your debts is a critical step in a successful financial recovery plan because it allows you to focus your limited resources on the liabilities that cause the most damage to your net worth. Without a clear hierarchy of payments you might f…

Negotiating lower interest rates is one of the most effective ways to accelerate your journey toward financial freedom by reducing the cost of borrowing and allowing more of your payments to hit the principal balance. Banks and creditors are often wil…

For high income investors, the biggest challenge to wealth preservation is often the impact of federal and state taxes on their investment returns. While corporate bonds and treasury bills provide steady interest, that income is typically subject to o…

In the quest for financial independence, the biggest obstacle is often the steady erosion of your savings by future taxes. While many retirement accounts offer tax relief today, the Roth IRA is unique because it provides a powerful guarantee of tax fr…