Pay off debt or invest: Which is smarter?

Big payments on credit card debts, student loans and mortgages eat away at how much you can save or invest. A sense of obligation or even guilt can dissuade people from opening an investment account and funding their retirement portfolios before these ...

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Vanguard Review 2023: Low-Cost Investing On The Path To FI

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We have updated our Vanguard review for 2023 to clearly lay out the most notable pros and cons of this investing platform and why it’s a FI community favorite year after year. We’ll look at why people so often recommend it as the best place to invest your FI funds, what types of accounts you …

The post Vanguard Review 2023: Low-Cost Investing On The Path To FI appeared first on ChooseFI.

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2022 Year-End Net Worth Update

It's January 2023, and you know what that means!  Net worth post time!  Every year I take the time to do one of these “net worth” blog posts for the previous year.  I add-up all our different stock and retirement accounts, and then calculate my...

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Discussing Retirement Bucket Strategies with Fritz Gilbert – SWR Series Part 55

January 25, 2023 Welcome to another part of my Safe Withdrawal Rate Series. Today’s topic: Bucket Strategies in retirement. As you know, my blogging buddy Fritz Gilbert has written extensively on this topic at his Retirement Manifesto blog, for example: And likewise, I have written about my skepticism of bucket strategies in Part 48 of … Continue reading Discussing Retirement Bucket Strategies with Fritz Gilbert – SWR Series Part 55

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I Will Never Recommend Crypto

Not too long ago, a reader sent me a message letting me know that someone had created a fake Instagram account of me and was DMing people telling them to invest in some crypto scheme. I’m not a big-time influencer by any means, so it’s a bi...

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How much do financial advisors cost?

Not all financial advisors are equal. There are financial planners, wealth managers and brokers, just to name a few. Before you hire an advisor, determine which type you need and how they charge for their services.Financial advisor fees can range from ...

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Can I Win The Warren Buffett Bet? (Year 5 Update)

In December of 2017, Dividend Growth Investor (DGI) asked me if I’d like to duplicate the famous Warren Buffett bet. For those unfamiliar, in 2008 Buffett famously challenged the hedge fund industry: Can you beat the S&P 500 over a 10 yea...

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More Powerful than Financial Advice

Financial advice can be free (google it) or expensive (hire an advisor). But financial advice tends to be tactical — buy this investment, optimize that tax advantage — instead of behavioral — think this way, stick to the plan, and be patient Success in...

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Are robo-advisors worth it?

Robo advisors like Betterment and Wealthfront offer low-fee, no-bother investing backed up by serious expertise. But are they worth the cost?Hands-off investing, automatic rebalancing, and tax-loss harvesting are just some of the benefits of a robo-adv...

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December 2022 Dividend Income And Expenses

Another month is done, and 2022 is over!  It's that time of year again -- the final accounting of dividends and spending in 2022! Believe it or not, I've been doing these posts for years now, and December is almost always the most interestin...

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Recession vs Depression: What’s the Difference?

When you hear of these two terms, recession or depression, economic turmoil comes to mind. But can you tell the difference? This recession vs depression piece will help you understand each of them. They represent an economic downturn characterized by high unemployment, a slowdown in business activities, low production of goods and services, and a […]

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19 Examples of Recession-Proof Businesses

Are there recession-proof businesses? Do recession-proof ideas exist? These are questions that arise when an economic downturn is looming. An economic recession can mean a tough time for many businesses. That's why it's essential to know how to prepare for a recession. There are different types of recession-proof businesses to invest in. These are ventures […]

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12 Ways to Improve Your Finances in 2023

Happy New Year! The turning of the new year brings two things to mind for a lot of us: Whoa, I spent too much money last month/year How can I improve my finances this year? I’m not a big fan of new years resolutions (most don’t stick). But ...

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How to Prepare for a Recession

When there are high unemployment levels, markets crash, and cash flow issues, we cannot help but find out how to prepare for a recession. This is absolutely inevitable. The 2008 Great Recession brought a lot of fear, anxiety, and uncertainty to the American population and businesses. With the country's GDP plunging by 3.8%, the employment […]

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