Home » Build Assets » Page 15
January 2, 2024
By
The Admiral Staff
The article encourages readers to overcome common obstacles preventing them from investing, arguing that it’s a key way to build wealth. It addresses concerns like lack of knowledge (suggesting apps like Stash for beginners), fear of losing money (emphasizing a long-term perspective and historical market returns), procrastination (“it’ll never be the right time”), and affordability (highlighting the ability to start with small amounts and invest in fractional shares). The overall message is to start investing now, as time in
January 1, 2024
By
The Admiral Staff
A homeowner was surprised when their handyman announced he was raising his rates and implied they should tip him, sharing a story about another client who tipped $20 per job. The advice columnist argues that a business owner shouldn’t rely on customers to supplement their income through tips and that the handyman’s communication was unprofessional. The consensus among those polled was that tipping handymen is not standard practice, and the homeowner is advised to find a new, more reliable handyman.
December 27, 2023
By
The Admiral Staff
Despite economic challenges, millennials are now the largest group of homeowners in the U.S. A key factor for many is a good credit score, which is essential for mortgage approval and securing favorable interest rates. The article recommends using Credit Sesame, a free service, to check credit scores, identify errors, and receive personalized tips for improvement, ultimately making homeownership more attainable.
December 26, 2023
By
The Admiral Staff
Acorns Spend is a new checking account linked to an investment account designed to make investing easy. It offers a $75 bonus for setting up direct deposit, automatically rounds up purchases to invest spare change, and allows users to invest a percentage of direct deposits. The app manages investment portfolios based on user goals, utilizing ETFs, and costs $3 per month with no overdraft fees or minimum balances.
December 22, 2023
By
The Admiral Staff
As retirement nears, it’s crucial to shift from wealth accumulation to wealth preservation. Experts recommend six steps: understanding your financial stage (entering the “pre-retirement” phase), updating your financial plan to account for potential expenses and tax changes, considering a financial advisor, optimizing your 401(k) by reducing risk and diversifying investments, carefully evaluating whether to roll over your 401(k) to an IRA, and being prepared to adjust your plans if necessary. The article
