After World War 2, just about anyone could get a great job that would carry them into retirement, provide a pension and in some cases even health insurance. With a tiny amount of investment strategy, you could live comfortably well into your 70s, 80s and beyond. Unfortunately, those days are largely over. Retirement can be…
“Some of the Worst Projects Have the Largest Budgets” – The Financial Engineer As I started off into the real world, fresh out of Purdue, I worked on large projects. I worked with a seasoned coworker who told me: “Some of the worst projects have the largest budgets.” At the time, I was not aware…
“Saving” and “investing” are terms that, while related, refer to different actions. Don’t confuse the two, for each can lead to a very different outcome from the other. If you save money when you should be investing it, or vice versa, you could be severely handicapping your ability to reach your financial goals. Think of…
I only recently bought my first iPhone( yes I am a bit late to the party) and started my search for apps which I can download on the iPhone. Here are the apps which I have zeroed on. Personal Finance apps which can replace your personal finance spreadsheet Mint – The app called Mint from…
A portfolio rebalancing strategy is the discipline behind successful portfolio management. Deciding what investments to buy is only part of managing an investment portfolio. All asset markets fluctuate, and watching your investments gyrate up and down can become nerve-wracking, to say the least! You’ve got to have a long-term plan so that you can ignore…
We can all agree that college is EXPENSIVE and I myself have been in a position where I was eating nothing but reman noodles for breakfast, lunch and dinner. You may want to go party with one of your friends but cant because you have to pay rent. Yeah we all been there, and we…
One day you finally get your salary and then next day, it’s all gone. There are times that you often wonder where your salary goes. Earning is hard and takes time while spending is very easy and fast. With all of these you often ask, “How can I save money each month?” If you’re really…
Everyone seems to hate budgeting. People think budgeting is for squares, and that sticking to a predetermined budget will prevent them from having any fun in their lives. However, nothing could be further from the truth. Budgeting is there precisely to empower you to make the most of the resources you have available. Think of…
College students are often tight for cash, squeezed from all sides by tuition fees, textbooks, accomodation, not to mention food and other necessities. That is why it is very important that you are able to budget effectively, if you want to finish college with your finances in good shape. Here are the top ten budgeting…
Recently I read an article in the Washington Post discussing ways to “fix” the current retirement savings problems in the U.S. It is no secret that many Americans are vastly undersaving and will not be able to meet their retirement needs. You can find the article from the Washington Post here. Problems With Current Retirement Plans…
