Oh my goodness I have made so many investing mistakes in the stock market is actually laughable. And today I’m going to be sharing all those terrible investing mistakes. The title of this article is not exaggerating, these are investing mistakes that you need to know to avoid losing thousands.
At the beginning of April 2020, I hit my $10,000 Emergency Fund goal. Emergency funds are such a great topic for the 2nd episode of the Millennial Life Admin podcast because it’s one of the foundations of personal finance. What is an Emergency Fund? An emergency fund is a set amount of money
In cased you missed it, my last article was all about how to start financial planning in your twenties (which is where I am now). But one thing I’m always aware of is how my financial plan will change throughout my life. As you move through life, your priorities change, your career might change, and
Here’s the secret to financial planning: there is no one “right financial plan.” Everyone’s life goals will look different. However, just because it’s not a “one-size fits all” model with one perfect model, doesn’t mean it’s not important. It just means that you may need to take some time to figure out what is important
It’s hard to think that only one personal finance number will define the entire course of your life, but it’s true. There’s only one. And it’s not your credit score. It’s your interest rates. More specifically, your compounded interest rates. Interest rates have the power to passively make you a millionaire when you retire or
For most of us, it’s so easy to assume that managing our personal finances as an adult means we have to be sitting at our kitchen table with a spouse, surrounded by a dozen bills and financial statements, with a calculator in one hand and our face in the other, looking extremely stressed. When really,
It’s tax season! And depending on if you’re on team “tax-refund” or team “tax-payment” it’s the same cycle every year. While I understand why some people really dread this season, for me it’s a pretty good time of the year because I am currently waiting on a refund. Ordinarily, I receive about $1100 a year
10 Assumptions About Adulthood Finances That Are Holding Millennials Back (and what to do about it!)
I’m not sure where I got all these ideas of adulthood. I think it’s been a combination of different people, society, and the internet that’s dictated my ideas on what it’s like to be an adult. It’s kind of funny how we can’t pinpoint what the source of all these assumptions, yet the have such
With the new year coming to an end, I audited all of my expenses according to the 50/30/20 budget rule. I not only talk about this budget rule, I show you how it’s applied to me!
The reason I started MLA is because I wanted to create an honest personal space where I could share exactly what I’m doing to get through adulthood instead just giving some vague or generic advice. Instead of just talking about the 50/30/20 budgeting rule, I wanted to see how it applied to my year-round expenses.