The Easiest Budgeting Program Ever Created: T.S.L.
I recently read a study from the Federal Reserve Board that was released in May that said in 2014, “Forty-seven percent of respondents say they either could not cover an emergency expense costing $400, or would cover it by selling something or borrowing money.” That’s almost half the people surveyed that clearly didn’t have at […]
Investing In Tumultuous Times
Last week was one of the more unsettling weeks in a long time for investors. The Chinese stock market hit bear market territory, the Greek debt saga continued to confound the world, and to top it off the largest stock exchange in the U.S. was completely shut down for almost four hours on Wednesday. With […]
The Right College Major Can Make You $3.4 Million More In A Lifetime
The other day I was playing The Game of Life with my kids again, and I realized exactly how inspiring this game is for kids. While we were playing my youngest son turned to me and said, “I want to be a doctor when I grow up.” When I asked why he told me it’s […]
The Cost of July 4th
Last year I wrote an article for About.com about the cost of celebrating July 4. The ever-increasing price of gas at this time last year was a crushing blow to most American families, especially those who drove to their vacation destination. The cost of beef had also risen 25 percent going into the holiday, so […]
Wes Moss: Donald Trump For President
Donald Trump is finally officially running for President. He’s an action oriented guy and has been hinting at doing so forever, so it’s about time. He is clearly very popular having been the most Googled Republican presidential candidate in all but three states the week after announcing his plans to run. But, he’s also an […]
Does Your Family Need An Economic Shut Down?
One of our main partners at Wela, my digital advisory firm, and his wife recently decided it was time to reset their spending habits and undergo an “Economic Shutdown” – a concept I outline in my book, You Can Retire Sooner Than You Think. For the month of May, Eddie and Rebecca Goepp (pronounced “Gep”) […]
How to Retire at 50
Over my career as a financial advisor and radio show host I’ve talked with many people who are late into their 60s or even 70s and still working. So when I wrote my book, You Can Retire Sooner Than You Think, I felt the need to educate people about the possibility of retiring in their […]
US Labor Dept. Setting New Rules For Retirement Accounts
There’s blood in the water right now for the financial industry, and it’s because investors often don’t understand how they’re paying for investment advice. The United States Department of Labor is proposing a new guideline for retirement investments referred to as the Fiduciary Rule. The rule would require financial industry professionals working with clients investing […]
Facebook FOMO (Fear of Missing Out)
The Twenty-First Century has been rough on investors. In 2000 we saw the dot-com bubble burst, and in 2008 we saw the bottom drop out of the U.S. stock market when the financial crisis was in full swing. Both of these events reminded investors just how difficult markets can be, and moved scores of investors […]
Wes Moss Explains the $1000-Bucks-a-Month Rule
There are a number of financial “rules of thumb” that I feel strongly about as they relate to supplementing retirement income with retirement savings. While I like to believe all of these rules hold a good bit of value and are well understood, one of my all-time favorites is the $1,000-Bucks-A-Month Rule. What is it? […]
