Financial Literacy Blog

April 3, 2020
by Michael

Is It Better to Pay Off Your Mortgage or Invest?

It is important to strike a balance between paying off debt and investing. However, it can be difficult to discern what the best option is. In this post I will discuss the tradeoffs between paying off your house early vs focusing on building your nest egg for retirement.

Financial Literacy, Homes and Real Estate

Is It Better to Pay Off Your Mortgage or Invest?

April 3, 2020
by Michael

Is It Better to Pay Off Your Mortgage or Invest?

Financial Literacy, Homes and Real Estate

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March 23, 2020
by Michael

Being a Lawyer vs Being an Electrician: Net Worth Simulations

Here's what you can learn about electricians, lawyers (and other career paths) by running some comparisons with the Wealth Meta Income and Spending Simulator.

Personal Finance

March 7, 2020
by Ashley Chorpenning

7 Money Questions To Ask Your Aging Parents

Starting a conversation with your parents about their finances can be daunting. However, most adult children get involved with their parents’ financial situation at some point. It’s helpful to understand their situation and goals so …

Family and Finances

February 24, 2020
by Anne

Budget Friendly Birthday Party Ideas

These budget-friendly birthday party ideas are going to open your eyes to the kind of party that you can really throw without spending a fortune or looking like a cheapskate. Make new memories and close …

Budgeting

February 7, 2020
by Ashley Chorpenning

Why I’m Not in a Hurry to Pay off My Student Loans

Being aggressive towards debt has a time and place. With high interest debt, yes, annihilate it. With low interest debt, such as student loans, read on to discover the trade offs.

Personal Finance

January 30, 2020
by Michael

The Cost to Raise a Child - 3 Scenarios

Children are expensive! My estimates range from $42,650 to $916,600 depending on lifestyle. And that is just to get them to age 18. More importantly 40-60% of the cost comes in the first five years! …

Family and Finances

January 18, 2020
by Wealth Meta Admin

2019 Results for CPI, Stocks, Bonds - Calculators Updated

Our calculators have been updated with 2019 data for CPI, S&P 500, bond, and cash returns.

Announcements

January 14, 2020
by Ashley Chorpenning

Being a Plumber vs. Being a Software Developer - Net Worth Simulations

Here’s what you can learn about plumbers vs software developers / software engineers (and other career paths) by running some comparisons on the Wealth Meta Income and Spending Simulator.

Personal Finance

December 29, 2019
by Ashley Chorpenning

6 Ways to Exponentially Grow Your Net Worth

Building your net worth is the key to financial success. There are several simple methods anyone can use to improve their net worth. By boosting your income and assets while reducing your liabilities, you can …

Personal Finance, Net Worth

December 18, 2019
by Ashley Chorpenning

When Does Downsizing Your Home Make Sense?

If you are looking to free up money in your budget and get out of debt, you may want to consider downsizing your home. Downsizing can be a great way to reduce or eliminate your …

Homes and Real Estate

November 30, 2019
by Michael

How to Create A Budget

The good news, budgets are somewhat flexible and provide a sense of confidence and control in life. Check out our thoughts on budgeting and a sample budget setup.

Budgeting

November 22, 2019
by Ashley Chorpenning

Are You Making These 8 Costly 401k Mistakes?

In order to enjoy a comfortable retirement, it’s vital you save as much as possible. If you want to maximize your retirement reserves, here are the most common 401(k) mistakes to avoid.

Net Worth, Risk Reduction

November 14, 2019
by Ashley Chorpenning

7 Ways to Live a Prosperous Life in Retirement for Free

Focusing on money alone is not enough to enjoy a life of prosperity in your golden years. Here are some other things you can do that are 100% free.

Personal Finance