Getting a raise is fantastic! It shows you are doing well at work, you are moving up in the corporate world, and your are on your way to a better possibility of financial security. However, if you aren't careful with how you utilize your raise, you can end up in serious debt. Here's what you should do with your next raise:Read More
Everyone is jumping on the "side hustle" and freelancing train and I have to say, I think it is fantastic! Freelancing can be a great way to earn some extra cash to reach your savings and investing goals. However, setting your price as a freelancer can be tough with sites like upwork.com that offer huge ranges. It can leave you scratching your head where to start. Here's our guide for establishing your price as a freelancer:Read More
Investing for the first time is like learning a new language. There are new acronyms, symbols, and confusing vocabulary that can leave you overwhelmed and frankly a little defeated. However, with a little guidance and some easy steps, you can be on your way to investing in stocks for the first time.Read More
Ahh.. the Roth IRA. The unicorn of investment accounts. We have referenced Roth IRA's many times but have never gotten down to the nitty gritty of what makes them special. Today, we're going to be breaking down the reasons to go Roth IRA:Read More
Finances and family sometimes do not mix. They can get especially tricky if you have decided to make a financial change in your life like getting out debt or trying to save more and start investing. The rest of your immediate and extended family may not "get it" and the good news is they don't have to! However, if you must discuss it, here's how you can speak to your family about your financial changes:Read More
So, you've decided that you can afford a home and want to buy.
We've compiled an order of operations for your home buying process.Read More
Buying your first home can be terrifying. You aren't sure where to start, you aren't sure what to look for, and you aren't sure what the next steps may be. We sat down with our friend Lacey, real estate investor and first time homebuyer, to discuss what to know before you buy a home. She told us that there are some preliminary steps to decide if home buying is right for you. She stated many people think it's the right time to buy but there are many factors that may not make that true. She gave us 5 factors to be aware of before buying:Read More
One of the best things I was exposed to at my previous job was a behavioral science department. Behavioral science? I had never heard of such a thing. Our behavioral science department studied individual's habits with money. This included how they felt and thought about money, what their actions were around money, and ultimately what worked and what didn't around financial education.Read More
It is almost summer!! The kids are getting out of school and your vacation is scheduled but have you forgotten about your budget? Vacations should be relaxing and your splurge should not follow you home.Read More
Financial apps are all the rage ranging from budgeting, to investing, to keeping track of our bills. There seems to be plenty of apps available. However, are any of these apps really useful? Will they make a difference in your financial life?Read More
Are you sabotaging yourself financially? If you're following any of these three myths below, the answer is YES! There is no shortage of financial advice from your parents, your teachers, or your colleagues but are you listening to opinions that actually matter? Let's squash these money myths before they squash your money!Read More
When you feel financially stressed it can feel like an elephant is sitting on your chest. It can feel like there is no hope in sight and you don't know how to remedy the problem. Financial stress, no matter how burdensome, does not have to corrupt your spirit. Here are 5 steps to feeling less stressed (that have nothing to do with actual cash!):Read More
Spring is here! Well...with a bit of snow. Nonetheless, it is here! It is time to clean out the old, lift the windows up, and let in some clean air. This includes your finances!Read More
Low income does not mean you cannot get out of debt. However, it does mean that emergencies can ruin your financial progress. Here's how you can get out of debt making a low income:Read More
The whole purpose of Money Therapy is helping millennials invest. So, why are we talking about when NOT to invest? Well, a lot of you may be in a situation where it is best you don't invest quite yet.Read More
"It seems like it's going to take so long to have more money."
I heard this from one of my recurring clients a few weeks ago. We had one of our quarterly meetings where we caught up on her progress.Read More
Have you ever realized that often, jerks make a lot of money?
You most likely have seen a person who is an absolute jerk and is also incredibly wealthy. It can be infuriating knowing that you are a hard worker but your bank account does not show it. So, why do jerks get ahead?Read More
Did you know that the self-employed rate skyrocketed in 2017? In 2017, there was a 150% increase in self-employed workers! Although that is a great news for the economy, it may not be so great for new entrepreneurs during tax season.Read More
Speaking to your children about money can be difficult. Where do you start? What do you tell them?Read More
The final part of our beginner investor series! We have gone over what investing is, how compounding makes it work, and lastly, we need to discuss why time matters. Time is an essential part of investing. Why? Time allows your money to grow! The process of compounding allows your earnings to grow on itself however, it needs time to do that.Read More