Personal Finance Blog Posts - I Will Teach You To Be Rich

How to Choose a Credit Card

Credit cards can be a great tool for improving your finances. Knowing how to choose a credit card will set you up for financial success for years to come. Table of Contents: The 4 rules for choosing a credit card How to choose between different types of cards Travel vs. Cash Back 4 rules for choosing a credit card: With ...

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Build Financial Health With Your Own Money Rules

Traditional budgets are for the birds. The word alone (budget) often harbors fear, laziness, and confusion. No one should have anxiety about ordering an appetizer at a special dinner or investing in a gym membership. Of course you need a spending plan, but we've come to realize it's never one-size-fits-all. The key to building financial health is yes, to give ...

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Long-Term Care Insurance is a Good Thing to Invest In

You may be surprised that a whopping 52% of people over the age of 65 will eventually need some form of long-term care (LTC). But many are not even aware that long-term care insurance is a thing. Well, we are here to tell you: it is. LTC insurance helps to cover expenses that are not usually ...

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The Best Mutual Funds

Mutual funds can be an option if you’re looking for actively managed funds that are low risk and fairly diversified. When compared to index funds, though, there’s a clear winner. With mutual funds, you have to pay a higher expense fee. That’s because the fund is actively managed by fund managers. But with index funds, the fees ...

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Buying vs. Renting: Which is the best option for you?

What if you discovered that real estate isn’t as good of an investment as everyone says? I know, I know, everyone’s heard the story of some aunt who bought her house in 1970 for $100,000 and she sold it last year for $800,000. For most people though, that’s not quite how it works. ...

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The Best Short-Term Investments

Key Takeaways: Short-term investments are available in a variety of forms, from high-yield savings accounts to bond funds.Investments with a shorter timeline can be safe, but some may be more vulnerable to market fluctuations. The best short-term investment for you should reflect your risk tolerance, liquidity needs, and overall financial health. Why Would I Consider a Short-Term Investment? ...

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Betterment versus Wealthfront: Which Is The Better Robo Advisor?

Key Takeaways: Robo-advisors deliver a hassle-free way to grow your money, hit financial goals, or prepare for life milestones like retirementBetterment boasts a human touch with its financial-advice packages designed to meet major money goalsWealthfront offers a digital-only spread of investments, college savings plans, tax optimization features, and user-friendly financial planning software [yellowbox] Bonus:If the COVID-19 pandemic has you ...

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The 5 best IRAs to open in 2020

I got this question from a reader named Kelsey a while back: “I haven’t started a Roth IRA yet, but I intend to once I graduate from college. Where should I begin looking for the best one, and how can I tell that they are good?” Great question. Not only is it important to start investing early, but you ...

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How and Why to Refinance Your Home Mortgage

Key Takeaways Refinancing can save money if you can take advantage of lower interest rates, which makes your mortgage debt less expensive to carry.There’s more than one way to refinance, so choose the solution that complements your finances.Refinancing can eliminate extra costs over the lifetime of your home loan like private mortgage insurance. Although the pandemic has ...

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Best time to buy a car in 2020

UPDATE: the COVID-19 pandemic has drastically changed the car selling industry. Many dealers and manufacturers are offering amazing discounts on new and used cars, but they're also encouraging customers to buy online. Buying a car online can be intimidating, but you can still take advantage of the best time of year to buy a car AND the great deals being ...

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