What if you lost your job today and needed a new job in a week? Could you do it?What if you just wanted some advice for a tough career decision? Is there someone you could ask?Or what if you wanted to make a big career change, like switching industries? Is there anyone you could call for help?The secret to solving all of these challenges is the same: informational interviews. You’ve
At IWT, we talk about 401ks – a lot. (See here, here, or here for proof)And, that’s with good reason. If you want to be rich, the 401k is one of the most powerful investment tools at your disposal, especially for retirement planning. It is also one of the most misunderstood money-maximizing vehicles, starting with how much you should have in your 401k.That is a solid question, but it doesn’t
When you have debts everywhere you turn, it can feel like you’re completely swamped. Your hands are tied every payday as you funnel money into paying off debts, leaving you with no room to save. That’s why a lot of people turn to debt consolidation, which is when you use a loan to pay off all of your debt — and it can seem like a godsend.But wait, how is ANOTHER debt supposed to
God, can we please stop with guilting people over the morning pages, the journaling, the meditation, the drinking 18 gallons of mint-infused water, and the yoga?If you want to do those, GREAT! But you don’t have to.My rules for the perfect morning:A post shared by Ramit Sethi (@ramit)There’s a new cottage industry of people telling you all the thing you “should” do every morning. But as it gets more absurdly
Being put on a Performance Improvement Plan (PIP) can feel like a kick to the gut, especially if it comes out of the blue and you don’t understand why. However, in most cases, it’s not a surprise. It usually comes after an employee has been struggling in their role or with some other issue at work.If you’re faced with a PIP and don’t know what to do, don’t panic! Below, you’ll
Social event: check. Standing in the corner creepily observing guests hoping someone will come over: check. It doesn’t take a genius to know that staring people into a conversation doesn’t work. Quite the opposite, in fact. But what if you’re just not social? Here’s the thing. Founder of I Will Teach You To Be Rich, Ramit Sethi, has discovered something influencers and easy communicators already know: Being a better conversationalist is a skill.
When it comes to building the best investment portfolio, you’ll often hear that diversification is key. But what does that even mean — and why do you need to bother with it? After all, you already own a wide range of stocks, from that skyrocketing Amazon stock to your Apple and eBay stocks, and you’re raking in the profits. What could go wrong?If you’re relying on a portfolio filled with
Student loans in America average near the $40,000 mark, and it makes it difficult to decide whether to invest or pay off student loans. Because, let’s face it, getting out of debt and saving for retirement is equally as important. There are three elements that determine which route will suit your needs best. These are: But before you dive in, it’s important to understand external factors may affect your decision. A critical factor
Many of us have dreamed of the potential of early retirement or FIRE, but it can be overwhelming to figure out how you might sustain yourself as you move into this new phase of your life. Luckily, there are many options. Aside from saving the amount you need to retire, you can also leverage several tax loopholes in order to acquire funds in your tax-advantaged investment accounts.One loophole: Build a
Mint has you covered during coronavirus. Stay up-to-date with the latest financial guidelines and resources here.It’s not that you try to be unsafe online, but it’s easy to get careless when you surf the web. You might log into your bank account online while using public Wi-Fi, possibly exposing your password and username to a cybercriminal. Or maybe you use the same password at every financial site you visit on
