Author: D.C. Poc
-
Saving money isn’t enough, you have to invest it!
Recently, AJ came across a TikTok video where a woman was explaining this in depth. In essence, investing is a 2-step process. Without the second step, you might as well stash the money under the good ole sleep number mattress. Either way, make sure you’re not just saving, but INVESTING! Accounts you can invest inRead…
-
Top 5 Money Mistakes to Avoid in 2023
A lot of my writing is aimed at what you should do when it comes to personal finance, rather than what you shouldn’t do. Well, today I’m going to give you the top 5 money mistakes that will inevitably be made by millions of people in 2023. You don’t want to miss this! Money MistakeRead…
-
My 4 personal finance tips of the week
It has been a busy week, and over the past several days I’ve had several reminders of how many different ways there are for consumers to get fleeced. As expected, I thought it would be a good idea to share some personal finance tips that will hopefully increase our readers financial acuity. Personal Finance TipRead…
-
Save big in 2023 by shopping insurance companies
While AJ Sheff is helping you avoid Indexed Universal Life Insurance (IUL), I can help save you money by shopping for better home, auto, and umbrella insurance. It’s insurance week at Wealthy Idiots! Gather quotes annually It’s 2023, and car insurance rates have sky-rocketed. Heck, pretty much everything has sky-rocketed since the start of 2021.Read…
-
Asset Allocation: don’t miss out on the investing fundamentals
An often overlooked financial principle is that of asset allocation or ‘AA’ as it’s commonly referred. No, it’s not the same as alcoholics anonymous. Although, if you ignore your AA for long enough you may be pushed to drink a little too much. If you’ve already bolstered your savings rate, you’ll certainly want to readRead…
-
Estate planning is important, don’t skip it!
A few weeks ago, I wrote a pretty basic article covering life insurance. While that’s a great starting point for your average individual, it doesn’t cover the full spectrum of planning needs. What is estate planning According to the folks over at Investopedia, “The term estate planning refers to the preparation of tasks that serveRead…
-
Do you need life insurance? And if so, how much?
Life insurance is a very controversial topic. You frequently hear arguments of term vs. whole vs. universal vs. indexed universal guaranteed, etc. Honestly, you only need term, but that’s a conversation for another day (actually, we touched on it a few months ago!) Today, we’ll talk about who needs insurance and how much might beRead…