Investing in Index Funds

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What is an Index Fund?

There are a many variations when it comes to this type of investments. Some of these include the S&P 500, Real Estate, International, and various other broad spectrum holdings. The way this fund works is by closely following the market. For example, the S&P 500 Index Fund keeps its holdings based on the S&P 500. Therefore, as the market changes you immediately see the changes in your fund’s value.

Roulette Investment Story and Rule of 72

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I recently heard someone proclaiming they were planning to withdraw a large portion of their retirement to lay it down on the roulette table for one spin. The theory is they have a 50% chance of hitting black on this one spin. If they are lucky, they will double their retirement withdrawal in one spin. Let’s look at this theory.

Should I Invest the Max in my 401k?

What is a 401k?

The 401k is an awesome investment opportunity for retirement. It allows you to defer paying income taxes on any money that you place into this account up to $18,500.00 in 2018. If you are over 50, you may also contribute an additional $6,000.00 as catch up.

Top 5 things to do Today to make you a Millionaire Tomorrow

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Today we are going to discuss five steps that will put you on the right track to becoming a Millionaire.

Start Paying Yourself

We spend a ton of effort paying bills and buying toys. However, how much effort do we spend paying ourselves? There is no way we can become a Millionaire if we can’t pay ourselves.

How much should we be paying ourselves? We need to be paying at least 15%-20%, if not more, of every check. This will allow us to build a decent nest egg over the course of a few years.