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  • December 7, 2018
  • by Emily

How Net Worth Differs from Retirement Planning

Your retirement plan is an important part of your overall financial picture… just as your net worth is. There is some overlap between the two, but also some very important differences. You cannot rely on a net worth snapshot to tell you if your retirement savings are on track… and there are many important aspects of a retirement plan that have no place in your calculation of net worth.

Financial Literacy, Net Worth

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How Net Worth Differs from Retirement Planning
How Net Worth Differs from Retirement Planning
  • December 7, 2018
  • by Emily

How Net Worth Differs from Retirement Planning

Your retirement plan is an important part of your overall financial picture… just as your net worth is. There is some overlap between the two, but also some very important differences. You cannot rely on ...

Financial Literacy, Net Worth

Read More...

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So You Won the Lottery - Is the Lump Sum Payment Best?
  • November 8, 2018
  • by Emily

So You Won the Lottery - Is the Lump Sum Payment Best?

Woohoo! We all love dreaming about winning the lottery… but if you win is it better to take the lump sum or the annuity (in which you get a certain amount per year for a ...

Financial Literacy

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Asset Allocation Categories - What You Can Bet On

Asset Allocation Categories - What You Can Bet On

This post explains the investment categories that are commonly found in funds and prospectuses. These asset classes come with complex risk/benefit calculations and can be used to tailor a portfolio to the nth degree.

Financial Literacy, Net Worth

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Nine Types of Wealth You Can’t Measure with Money
  • August 11, 2018
  • by Emily

Nine Types of Wealth You Can’t Measure with Money

What does it mean to be wealthy? Most financial advisors will give you a narrow definition - it’s all about how much money you have. Wealth equates to "an abundance", but if money is prioritized ...

Financial Literacy

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What Is Special About Net Worth and Why Winners Track Theirs

What Is Special About Net Worth and Why Winners Track Theirs

Net worth isn’t just for rich people to “keep score” in an endless game of getting more. It is a key indicator of everyone’s financial health. Income, job title, and especially what car a person ...

Financial Literacy, Net Worth

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What Is Asset Allocation?

What Is Asset Allocation?

Knowing your asset allocation is essential to being a successful investor. It tells what percentage of your overall portfolio is in stocks, bonds, and other investment vehicles like real estate, precious metals, etc.

Financial Literacy

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Net Worth Defined With Precision

Net Worth Defined With Precision

Net worth, the yard stick for comparing financial success is a loosely defined term (irritatingly so to our brains). See our diagram for the break down of "total" vs "investable" net worth. After you read ...

Financial Literacy, Net Worth

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The Idea of Utility and Why It Matters for Budgeting

The Idea of Utility and Why It Matters for Budgeting

Utility is the overall usefulness you get from something. Everyone instinctively makes decisions based on utility all the time, but do you consider it when you make a big purchase or setup a budget?

Financial Literacy, Budgeting

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Understanding Net Worth

Understanding Net Worth

Net worth is a way of measuring your progress towards financial goals. It is calculated by adding up the net market value of your assets and subtracting all your debts. If you want to build ...

Financial Literacy, Net Worth

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Cryptocurrencies - Get Rich Quick (or not) and Investment vs Speculation

Cryptocurrencies - Get Rich Quick (or not) and Investment vs Speculation

Lots of people are giddy over the sky rocketing prices of cryptocurrencies like Bitcoin. It’s easy to confuse speculation with investing. We explain the difference.

Financial Literacy

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Understanding Savings Accounts
  • August 18, 2017
  • by Emily

Understanding Savings Accounts

One of the simplest tenets of wealth creation is to “pay yourself first.” In other words, put money into your savings account. There are many types and we explain them here.

Financial Literacy, Personal Finance

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What is Passive Index Investing?

What is Passive Index Investing?

Passive Index Investing is an investment approach characterized by four main features: 1) the index, 2) the index fund, 3) passive management as opposed to active management, and 4) low costs.

Financial Literacy, Personal Finance

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Inflation - Why Prices Usually Go Up

Inflation - Why Prices Usually Go Up

Have you ever noticed that prices are slowly rising all the time? That effect is called inflation. We’ll discuss where it comes from and how to make it work in your favor, or at least ...

Financial Literacy

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