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If you follow enough personal finance blogs or listen to personal finance podcasts, chances are you have heard the term “index funds” tossed around quite a bit. Odds are you also hear about how great of an investment they are. But what is an index fund? Today we will discuss what they are so you can have a better grasp on whether or not they make sense for your portfolio.
PT Barnum wrote the following back in the 1850’s:
“Mr. Beecher advised young men to get in debt if they could to a small amount in the purchase of land, in the country districts. ‘If a young man,’ he says, ‘will only get in debt for some land and then get married, these two things will keep him straight, or nothing will.’ This may be safe to a limited extent, but getting in debt for what you eat and drink and wear is to be avoided. Some families have a foolish habit of getting credit at ‘the stores,’ and thus frequently purchase many things which might have been dispensed with“.
Looks to me like not much has changed since the 1850s.
Click here for the rest of Barnum’s writings on finance.
Back in 2015 I moved from Washington, D.C. to Portland, Oregon to be closer to family. After moving, I gleefully discovered that you could legally own firearms and hunt in the state. This wasn’t something that could be easily done in the District.
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If you’re married or in a committed relationship, one thing you’ll learn is that fights about money aren’t really about the money. Instead, they’re often about underlying values like safety, security, freedom, etc. So, if you’re fighting with your partner about money, here is a resource I wanted to share with with you. Its good for folks who are struggling to integrate their finances with their partner, or for anyone who wants to improve their relationship.
Refinancing is when a loan is paid off in full and replaced with a new loan that has different terms. Refinancing can be done for many reasons but may not always be beneficial. This article will walk through the some of the best reasons to refinance a loan so you can determine if refinancing makes sense for you.
Happy 1st of July Everyone!
The month of July is packed with patriotic barbecues and hot summer days, but did you know it is also one of the best months for sales? In this article, you will find out what the best sales are in this month as well as the best items to buy during the month.
If you have any other tips for what to buy this month or your favorite sales, please share them in the comments!
Yahoo finance used to be a powerhouse of great personal articles and videos. Their quality has declined as of late, but there are still some gems to be had if you’re digging through the archives.
Here is a quick video I like by Farnoosh Torabi. In it she details some of the habits of people making more than $150,000 annually with $3.2 million in investable assets.
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Looking to further educate yourself on personal finance but don’t know where to start? One of the best ways to begin your education journey is by listening to podcasts. They’re engaging, actionable and the best part… free! There are podcasts by famous authors, millionaire investors, and genius start-up owners. The clear benefit being that you get to listen to the hosts take on common questions within the realm of finance, economics, and other hot topics and more often than not, these hosts offer up some really genuine and creative approaches to tackling problems.
Whether you’re looking for advice on one specific topic within finance or want to learn more about the whole, these podcasts below are some of the most valuable that are currently in the podcast realm. Your daily commute is about to get worlds better with three of the best finance podcasts. After all, you are what you listen to, right? So why not listen to some of the best in the game!
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Dual Income, No Kids launched in the spring of 2006 and is now part of District Media, LLC. With over 10 million visitors and syndication on Google News, District Media delivers high-quality personal finance news and advice. Our 58 blogs inform, empower, educate and entertain the public -- free of charge, with all operating expenses financed by advertising.