The fact of the matter is that you’re unlikely to find a better-performing fund or an investor who can consistently beat the market. Why, then, are some funds so alluringly compelling? It’s simple—some managers do beat the market (short-term), and many investors are lucky. However, they rarely, if ever, continue to do so consistently. In this article, you’ll learn how to beat financial experts, so you won’t have to hire
Credit cards can be a great asset if used properly, but they can also leave you in financial issues fast. Many people have credit card debt and don’t even realize it. Here’s how you can review your credit card bills to unearth opportunities for improving your finances.I used to do a weekly five-minute review of all the charges on my card. If I took no action, my credit card reached
I was talking to an acquaintance in Toronto when she told me she had just moved from Sydney and was trying to find a job. She bemoaned how difficult it was to find work and I nodded along sympathetically. Then she said:“It’s hard. I wish that something would just fall into my lap.”Whoa, hold on.I noticed that she specifically used “fall into my lap” to underline this wistful expectation or hope
As a working mom, I live by my to-do lists. From deadlines, appointments, and meetings to playdates, pediatrician follow-ups, and nanny pay days, nothing escapes my long-winded lists.But it’s easy to get caught up in which fancy app or system you should use for your list. Lots of (very nerdy) internet arguments center around the right approach. Should you stick to pencil and paper? An iPhone app?“I’m a firm believer
Here’s the exact system I use to spend only 90 minutes a month managing my money. If you haven’t already set up your Conscious Spending Plan, I recommend doing that first.CATEGORIES OF SPENDINGUse these as guidelines for your spending and tweak as necessary.Now let’s take your Conscious Spending Plan and make it automatic. To do this, I use a concept called the Next $100. This means, simply, where will the
If you were opening your own restaurant, what’s the #1 thing you’d want to ensure it was successful?Maybe you want a great location right in the heart of downtown? A friendly, professional waitstaff? The most talented chefs? The freshest ingredients?I miss food in California!! This was lunch today with friendsA video posted by Ramit Sethi (@ramit) on Apr 17, 2015 at 2:13pm PDTThose are all important pieces. But would any
In this article, we will cover common types of bank fees, why you get them, how to avoid them, & how to negotiate them.It’s important to know how to properly optimize your accounts or you’ll end up paying fees & bank charges that can easily be avoided.One of the biggest secrets to avoiding fees and properly using your account is talking to an actual customer service rep, either in person
Want to know how to save money even if you feel like you don’t make enough, or are flat-out broke? Here’s what to do:Depending on your financial situation, setting up a workable Conscious Spending Plan may seem out of reach for you. Some people have already cut their spending to the bone and still don’t have any extra money. For me to suggest that they put away 10 percent for
You may have heard about “robo-advisors” like Betterment and Wealthfront. Robo-advisors are investment firms that use computer algorithms to invest your money (“robo” refers to a computer investing for you versus an expensive adviser).You’re probably wondering if they are a good investment and if you should use one. As a NYT best-selling author on personal finance, let me break it down for you.NOTE: If you’re looking for more information on
In the article, we will fundamentally break down how banks make money. Banks earn their money by lending the money you deposit to other people. For example, if you deposit $1,000, a Big Bank pays you a small amount in interest to hold on to that money, then turns around and lends it out at a much higher percentage for a home loan. Assuming that everyone repays their loans in full, the
