Home » investing » Page 6
March 15, 2024
By
The Admiral Staff
The article encourages readers to “make their money work for you” by investing rather than letting it sit stagnant. It highlights that investing, even with small amounts, can lead to significant growth over time, contrasting a modest retirement savings of $100,000 with a potential million dollars through investing. The article then provides four tools to help achieve this: optimizing a 401(k) with Blooom, starting to invest with as little as $5 through Stash, accelerating
March 12, 2024
By
The Admiral Staff
The article addresses how to start investing with a small amount of money, like $100-$200. While significant returns are unlikely initially, it emphasizes the importance of building the saving habit and highlights the potential for long-term growth, referencing a historical Coca-Cola investment example. Due to high brokerage fees, the article recommends using apps like Stash, which offers simple portfolios and a small monthly fee, and currently provides a $5 bonus for new users. Alternatives to stock investing,
March 8, 2024
By
The Admiral Staff
The article highlights common instances of “financial mansplaining” – unsolicited and often incorrect financial advice given to women. It debunks five such pieces of advice, offering alternative, financially savvy approaches instead. These include questioning the wisdom of holding credit card balances to build credit, emphasizing the importance of negotiating prices, rejecting the idea that men get better deals, cautioning against relying on a single stock like Tesla, and promoting diversified investing. The article recommends tools and services like MoneyLion, Capital One Shopping,
March 2, 2024
By
The Admiral Staff
The article advises keeping one to two months of living expenses in your checking account as an emergency fund. Once that’s established, it suggests three steps to grow your money: invest as little as 15 cents through a round-up app like Acorns, compare car insurance rates using a marketplace like SmartFinancial to potentially save hundreds of dollars annually, and secure a life insurance policy (starting around $20/month) through a company like Bestow to protect your family’s financial future
February 8, 2024
By
The Admiral Staff
The article highlights the value of children’s books in teaching financial literacy, even for adults. It presents a curated list of 20 books categorized by age group, covering topics from basic saving and budgeting to investing and entrepreneurship. Younger children can learn about earning, spending, and the value of money through engaging stories, while older kids and teens can explore more complex concepts like investing, debt management, and building a business.
