If you’re ready to work with a pro, here’s some criteria to keep in mind

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NOTE: This post is intentionally not titled something like “THE top five things….” because while I believe these are good principles to follow when shopping for an FA, I’m not an investing professional, and I don’t know your individual situations, so I won’t pretend to claim that this list is definitive. Please make sure you always do your own independent research when choosing an FA to work with.

I’ve been a client with my current financial advisor for over ten years now. At the time that I was looking for financial advice, I was single, debt free, and had just…

The yin and yang of emotional spending

We all do it.

Bad money decisions, like most other bad decisions, are most often made because of human emotion. While sometimes bad information or another person’s activity can cause us to be misled and make poor decisions, there’s no question that allowing our emotions to rule our wallets is much more often the cause which drives so many of us to make horrible financial choices. But it’s not like there’s a broad spectrum of emotions at play in our money decisions. In fact, if you really boil it down, that emotion you feel when you’re about to make a terrible decision with your…

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When I first joined the military, in 2008, I chose to set up my TSP account as quickly as I could. Like many folks, I looked at the various funds available to me (without really understanding what any of them were) and chose the Lifecycle Fund that most closely mirrored my age, and expected retirement date. I set up my automatic draft, and promptly forgot about TSP altogether for the next year and a half.

Then, in 2010, I took Dave Ramsey’s Financial Peace University series of classes, and heard him recommend the 60/20/20 C/S/I strategy that I’ve talked about…

Last week, I wrote about what I think are the foundations of military wealth-building. Following that, I can’t think of a better way to kick off the second edition of the Military Wealth Builders blog than by talking about the #1 most asked question on military finance forums and Facebook groups:

There are as many different answers to that question as there are financial experts out there. As one example, Dave Ramsey has stuck by his 60/20/20 rule for TSP recommendations for literally years: Invest 15% of your income every year, and make sure at least 5% of that (for…

I think we can all agree that 2020 was really hard.

Without rehashing everything that went down in 2020, if you’re like me, you breathed a small sigh of relief at midnight on Dec 31st.

Sure, it was largely symbolic, because the things that made 2020 so hard are by no means over. The world didn’t magically fix itself at 12:01am on January 1st. The global pandemic that has destroyed the wealth and livelihoods is ongoing. But it still felt like something had ended, and another something had started. …

Winter is coming, bringing the potential for increased financial hardship. Here’s how to prepare.

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AUTHOR’S NOTE: If you’ve been reading my work for a while, you know I typically write about financial freedom through investing and understanding how money works so you can unlock your own earning potential. I hope one day to return to writing those types of pieces. …

Finally all in one place!

Via Matt Lamers on Unsplash

With the variety of places (The Startup, Making of A Millionaire, The Ascent, to name a few) that I’ve published stories about personal finance and investing over the past year, I thought it might be helpful for my readers if they were all linked in one place, so you don’t have to go scrolling back through my page to find them all.

So, without further ado, here are links to each and every one of my investing tips/personal finance posts!

I Built A $300,000 Nest Egg On $68K A Year, And You Can Too

The US Economy Won’t Recover For…

It’s not about what you make, it’s about what you keep.

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Author’s Note: According to this handy chart, the average annual income for a 34-year-old male in the United States is $63,419. And this site lists the annual income for someone with a Master’s Degree as $78,000.

My average annual income, since joining the military twelve years ago, has worked out to $68,000 a year, or right in the middle between my age bracket and education bracket.

On the day I was commissioned as a Second Lieutenant in the United States Air Force, I had an approximate net worth of negative $7,500.

While I was very fortunate to be able to…

How to capitalize on this multi-trillion dollar shift in the global economy

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“The best time to plant a tree was twenty years ago. The second best time is now.”— Chinese proverb

A seismic shift has taken place in the world of business and finance.

No, I’m not talking about Bitcoin, nor am I referring to the ongoing ups and downs of a stock market still caught in the throes of a global public health crisis.

What I’m talking about is the long-predicted, but much-delayed demise of the last of those great bastions of Industrial Age thinking: the office construct.

It’s ironic that it took the deadliest pandemic in a century to finally…

Here’s three things you need to do today to protect your financial future.

Author’s Disclaimer: I am not a professional financial adviser, and this article is not intended as professional investing advice. Any and all recommendations herein are exclusively from my own personal study and experience.

A couple of months ago, I wrote this article, about how trying to time the market to take advantage of the so-called “Coronavirus Dip” was a risky proposition, and how the safest thing the savvy investor could do would be to do nothing. I still stand by that advice; making no significant changes to your portfolio, or your plan, is always the safest thing you can do…

Jonathan E

Writing about life, leadership, money and business. Weekly investing newsletter: teammwb.substack.com

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