Using Your Roth IRA as an Emergency Fund


Have you considered using your Roth IRA as an emergency fund? In this era of tight budgets, a lot of people are finding it difficult (if not impossible), to save for retirement and maintain an emergency fund. Because of this, it’s become trendy to recommend using your Roth IRA as a sort of de-facto emergency […]

Read the full article →

What Gym Fees and Interest Payments Have in Common


Ever been curious about the seeming universality of the desire to purchase goods and services without paying for them immediately? Many credit card users fall victim to this desire for instant gratification knowing full well they can’t actually afford what they bought without going into debt. Deferring payment until tomorrow allows for a surprising amount […]

Read the full article →

Choosing a High Interest Savings Account Over My Low Yield Money Market Account For My Short Term Cash-Emergency Savings


I have been using my Vanguard money market account as a place to save part of my emergency (short-term) funds, and when checking it recently I saw that the rate had fallen to a miserly 0.13%! This was the lowest I had seen the rate since opening the account a few years ago, and with […]

Read the full article →

The Power of Compounding – $1 Million Now or Penny Doubling for a Month


I recently saw a very interesting video that asked a number of regular people if they would rather have a million dollars now or take a penny now and double the amount every day for the next 30 days. As expected, 90% of people chose the million dollars now option. I would have made this choice […]

Read the full article →

21 Signs You are Losing Interest in Your Job That Could Get Your Fired


At some point in time most of us have been through periods where we lose interest in our jobs or occupation. This is only a problem if the lack of interest persists for more than a few weeks and noticeable changes in behavior occur. But if you are feeling this way for weeks on end […]

Read the full article →

A New Goal : $300 Monthly Passive Income


Over the weekend I had an interesting talk with a family friend regarding this blog and some of the personal finance and investing topics posted here. After a long discussion and based on his experiences I started looking at some of my financial goals a bit differently. This resulted in a new personal finance goal, which […]

Read the full article →