How to Choose the Right Investment Account

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The right investment account can make all the difference, but the right one for you depends on the specifics of your situation. This post walks you through the pros and cons of each one so that you know exactly which retirement accounts will help you get the most out of your savings, allowing you to reach financial independence as soon as possible.

How I Plan on Teaching My Kids About Money

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My oldest son is now 5 and I think he's ready to start learning some money skills. My goal is to start small and keep it low-key, giving him the opportunity to make his own financial choices in a low pressure environment so he can learn from experience and start getting comfortable with money. Here are a few things I'm trying out.

A Comprehensive Guide to Building Your Emergency Fund

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The security to handle whatever comes your way and the freedom to pursue the life you want without worrying how you'll pay your bills. That's the promise of a good emergency fund. Here's everything you need to know about how to build it over time, how big it should eventually be, and where you should keep it.

Asset Allocation: What It Is, Why It Matters, and How to Get It Right

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Your asset allocation is one of the most important investment decisions you'll make, and although it sounds fancy and technical, it’s actually a pretty simple idea. This post explains what asset allocation is, why it's so important, what the major asset classes are, how they work, and how to choose your personal asset allocation.

Why Good Habits Are Better Than a Strict Budget

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If you've ever tried and failed to stick to a budget, you can take heart in the fact that you're not alone. We've all been there, myself included. It's also pretty likely that you were given some bad budgeting advice that at least partially led to your failure. Here's a better approach that's both easier and more effective.

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