The Wonderful World of Robo-Advisors

The Wonderful World of Robo-Advisors

Entrepreneurship / Making Money, Goals / Taking Action, Money in Your 20s/30s/40s/50s/Retirement
 Investing money is an effective way to grow your wealth, but knowing how to invest and what to invest in can be difficult when starting out. Until recently, the only options for investing were doing it on your own (a rather intimidating prospect for a newbie) or hiring an investment advisor, which comes with its own research burden to find the right advisor. Fortunately, there is now a third option available - using a robo-advisor. Do not let the odd name throw you off, they are actually very helpful tools. A robo-advisor automates the asset allocation of your investments using a computer algorithm. In other words, it is a type of software that acts in place of a traditional investment advisor to help you make investments. Human financial advisors may…
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How Do You Know What You Can Deduct?

How Do You Know What You Can Deduct?

Entrepreneurship / Making Money, Miscellaneous, Money in Your 20s/30s/40s/50s/Retirement
It’s tax time and that can be stressful. It can also be a time where people feel hopeful about receiving a large refund for taxes overpaid during the year. In order to fully understand this process, it is important to recognize that your refund is for taxes that you paid during the year that are more than your tax burden should be based on your income and expenses. This seems simple enough, but many people feel sheepish about taking the full benefit of their write-offs. This is silly however, because a write-off represents your expense while contributing to the the economic value of our economy. Sometimes it’s hard to know what is acceptable to deduct and what isn’t. Because most people would rather have a root canal without anesthesia than…
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Acorns to Assets: Preparing Financially for 2017

Acorns to Assets: Preparing Financially for 2017

#WMWeek17, Budgeting, Debt, Entrepreneurship / Making Money, Goals / Taking Action, Take Action, Women's Money Week
So 2017 is approaching and your financial situation is less than ideal. Believe me, a broke college graduate, when I say I understand. But it’s time to take that mess and sort it out. A scary prospect? Absolutely. But one of the most important things to remember is that building a stable financial life is a process. It’s not going to happen overnight, and that’s okay. I have a few tips and tricks to help begin the process of turning your financial acorns into 2017’s assets.1. BUILD THAT BUDGET!The key word here is “build”. Your budget is your plan for how you will spend your income, and as you change your spending habits and lifestyle your budget should reflect those changes.The first step in building a budget is tracking your spending.…
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Teaching Kids About Money and Business with Pokemon Go!

Teaching Kids About Money and Business with Pokemon Go!

Budgeting, Credit, Entrepreneurship / Making Money, Saving & Investing
I began playing Pokemon Go out of curiosity. There were a lot of headlines surrounding the new phenomenon, and I wanted to experience first-hand what it was about. As I played, I became enthusiast and began writing about the game’s obvious health benefits and how it encompasses the future of mobile applications. Since I’ve been playing for a while now, I’ve observed some other subtle rewards that reinforce my appreciation for the game: most notably, Pokemon Go teaches players (hopefully young players) about money. The game is both a model for how to how to manage money and promote business.Pokestops Introduce the Concept Of Work For PayPokestops are where you go to get more supplies. When you reach a Pokestop, you spin the wheel and it releases a few assets…
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