1. Focus on paying off the debt first. If you have an emergency, use your credit cards. Yes that will put you in a bit more debt, but only IF it happens. Meanwhile with each dollar you put toward the debt the lower your interest rate burden. For more:https://jlcollinsnh.com/2015...
F-you Money: John Goodman v. jlcollinsnh How I failed my daughter and a simple path to wealth My path for my kid — the first ten years What we own and why we own it What we own and why we own it: 2018 The smoother path to wealth Putting the Simple Path to wealth into action...
” (Or bank account paying virtually nothing in interest), more bad news. Doing so will, short of a deflationary depression, almost assuredly guarantee a loss. (Cash is great to have in depressions) In 20 years inflation will have seriously eroded the buying power of...
Some contend it can over time.Bettermentmakes this case. I’m not sure I fully buy the premise, but I do like the way they use your new contributions and any dividends to make it happen efficiently. It is a bit more work, but if you like you can also do this yourself with your in...
“Being a Boglehead myself, I read theERE articleto see what he had to say. I had to sigh when I got to this: “Index investing is basically equivalent to a buy and hold strategy with very low turnover of a few large growth companies.” This is absurd. The S&P 500 is just one...
It should be unproductive. While we’re talking about interest, let’s be sure this investment we are creating never pays any. No dividends either, of course. It should be immobile. If we can fix it to one geographical spot we can be sure at any given time only a tiny group of poten...
You also don’t have to read very far to know I suggest thatall any of us really needare two of Vanguard’s funds: VTSAX for our stocks and VBTLX for our bonds. This is, after all,The Simple Path to Wealth. While many financial writers agree with the former, to my knowledge I am...
The gist was..Cody asked when to start diversifying. And your reply, in short was, when you want to start living off your dividends (and you can’t contribute as much)…take it Vanguard admiral stocks and begin with the bonds/REITs at that point. If I understood you right. ...