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Average Net Worth Of Millennials By Age Aug 07, 2019

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Let's not sugar coat it - we're all a bit voyeuristic when it comes to other people's money. How much do you think they make? How much do you think they have? How did they afford that car? Can you believe that so and so is buying a house?

So let's focus on one metric - net worth. And let's talk about millennials - which is likely you, and is me too.

Why millennials? Well, the media seems to portray millennials as broke, unable to pay their student loans, and never able to buy a house. Millennials are supposedly delaying marriage and all sorts of stuff because they are poor and burdened by debt.

I don't think that's the case. With anything financially related, there is never an easy answer. But I think there are just as many millennials crushing it financially. I know first hand that some millennials are already millionaires. And the most recent Federal Reserve data shows older millennial net worth is growing at a massive rate.

How To Apply For A Student Loan [Federal And Private] Aug 01, 2019

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About two-thirds of families borrow student loans to pay for college - but can be confusing on how to get a student loan, especially depending on the type of loan you need.

Whether you need a Federal student loan, or a private student loan, there are certain things you need to know about how to take out a student loan.

While it would be great to cover all your college costs using a combination of savings, help from family members, scholarships, and your personal income, those funds aren’t always going to cut it. Many college-bound students will need to apply for student loans to cover the gap between the cost of education and their limited resources.

This guide explains how to apply for student loans, and how to select the amount to borrow when you take out the loans.

A good starting point: How To Find The Best Student Loan Rates >>

Understanding Form 8889 For HSA Contributions Jul 29, 2019

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If you’re young, healthy, and not hoping to give birth anytime soon, one of the best ways to save money is to go on a high-deductible health insurance plan with a Health Savings Account (HSA).

Many large employers offer high-deductible health insurance coverage as the employer-sponsored plan with the lowest monthly premium (that’s your monthly cost), and pretty much all marketplaces offer HSA eligible health insurance plans. If you run into medical trouble, you might pay more, but on a month-to-month basis, you’ll pay less.

The Best Order Of Operations To Save For Retirement Jul 24, 2019

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Looking to start saving and investing? What account or order of accounts should you use first? Your 401k? IRA? HSA?

I'm a big fan of methods and orders of operations for doing things. I think that it is essential to have a set plan for executing tasks, especially long term tasks like saving for retirement. But what's the best way to go about funding retirement? What is the proper order to save?

Remember back in elementary school the order of operations for math - "Please Excuse My Dear Aunt Sally"? I always found that useful - parenthesis, exponents, multiplication/division, addition/subtraction.

Its rules and order that make things easy to remember, just like PEMDAS from elementary school.

So, what is the best order of operations for saving for retirement? Let me break it down for you, and show you the exact strategy I'm using as well.

How Do You Purchase Stock In Foreign Companies Directly? Jul 23, 2019

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There are two ways for investors to buy foreign stocks directly.

The Ultimate Guide To A Budget Wedding Jul 22, 2019

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Tips for planning a budget wedding without overspending. Here's how it's done!

The Best Dorm Room Renters Insurance Jul 18, 2019

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Even if you're a poor college student, never think you’re too poor to have dorm room renters insurance. It can be a valuable tool, and it's relatively inexpensive!

If you’ve ever been in a situation where your stuff was stolen or destroyed by something you had no control over, then you know how distressing it is. One of the best ways to ease that distress is to get renters insurance.

Contrary to what you might think, renters insurance is an investment more than it is an expense.

Thankfully, it is not wildly expensive and you can get it for as low as $5 per month.

The benefits you gain as a result of having renters insurance outweighs the cost by at least 1,000 times.

Your laptop, cameras, clothing, and even the cost to live at a hotel if your dorm room becomes physically damaged, can all be covered under your renters insurance plan.

So if you’re planning to live in a dorm room in the coming academic year, I highly recommend that you invest in a renters insurance policy to protect you and your personal belongings.

So what is the best dorm room renters insurance? In this post, we’ll discuss that.

Before you go off buying renters insurance all on your own, however, make sure to check with your car insurance company or your parents first.

What Does Renters Insurance Cover? Jul 16, 2019

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A renters insurance policy protects your belongings in a rental property. This guide details what renters insurance covers, doesn't cover and the claims process.

5 Reasons Why Millennials Need Life Insurance Mar 27, 2019

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Here are five reasons why even young, healthy people with no children and a small amount of assets should consider a life insurance policy.

The Best Tax Software For Students and Recent Grads Feb 05, 2019

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College students need to do their taxes, and many have student loans. So, if you're a student or a student loan borrower, which tax software is best?

This year, several major tax companies are courting student loan borrowers with the promise of free state and federal filing for people claiming education credits and student loan interest deductions.

Anyone who qualifies to file their taxes for free should take advantage of these software packages.

However, filers expecting free filing should watch out for gotchas. Student loan borrowers who aren’t careful may wind up paying for expensive software. Below, we compare the top tax software options for students and student loan borrowers.

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