Risk and Diversification – Understanding Risk and Why It’s Important
Every day we take risks. For “adrenaline junkies” it may mean jumping out of an airplane at 10,000 feet, riding the steepest roller coaster in the world, or swimming with sharks. But even those of us who are more risk-averse take some risks – like driving a car or playing sports. Approximately fourteen auto-related accidents[1] […]
Time Value of Money – The Single Most Important Key to Successful Investing
Are you worried about not having enough for retirement? Are you constantly checking the stock market, searching for the next “Amazon” or “Netflix,” or concerned that another economic recession is around the corner? These anxieties often lead to excessive and unnecessary trading (portfolio rebalancing), questioning of your financial future and the path you are on, […]
Budgeting – Why Is My Take-Home Pay So Much Less Than My Salary?
The third topic in our InsomniaCure Financial Education Rx Series is Budgeting. The first step in budgeting is knowing your income. Yet, it could be misleading to build your budget with “gross” pay, thanks to the various deductions from your paycheck before you receive it. What are these deductions? Some are mandatory while others are voluntary. Take […]
Retirement Planning – Understanding the Most Popular Workplace Retirement Plans
The second topic in our InsomniaCure Financial Education Rx Series is Retirement Planning 101, which broadly covers popular types of retirement plans and how each plan works. Note: As of 2019, individuals may contribute $6,000 annually to their IRA, up from the amount ($5,500) at the publishing of this article. View other posts in the […]
Investing – A Basic Understanding of Investment Vehicles
Introducing our InsomniaCure Financial Education Rx Series, which strips down complex financial information to a simple, graphic-based format. Our goal is to help improve your financial literacy so you can make better, more confident decisions! First one in our series – Investing 101 – presents the very basic similarities and differences between the most […]
