Financial Independence

Financial Lessons and Investing Basics for Kids

Kids Investing — Coming Out of the Virus

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Two months ago the coronavirus bear market was slamming stocks, and my kids’ investment accounts. Actually, they were still up substantially, but well off their crazy highs. Seeing as how their absolute minimum timeline for this account is ten years … read more Kids Investing — Coming Out of the Virus

Wanderer Financial Basecamp Private Members Group

Feeding the Credit Card Machine

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Should You Use Credit Cards? We’ve all heard horror stories of people who dug themselves deep into a hole with credit cards. Way too many good folks let credit card debt spiral out of control, even though the internet is … read more Feeding the Credit Card Machine

Wanderer Financial Basecamp Private Members Group

Use Your Savings, Don’t Spend Them

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Borrowing From Yourself I’ve never had a job that promised any type of pension or help with my retirement. Basically, once I quit working, the clock starts ticking and I am left hoping that I expire before my savings do. … read more Use Your Savings, Don’t Spend Them

Financial Lessons and Investing Basics for Kids

Kids Investing — Understanding Dividends

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A dividend is a payment made by a corporation to its shareholders, usually as a distribution of profits. When a corporation earns a profit or surplus, the corporation is able to re-invest the profit in the business and pay a … read more Kids Investing — Understanding Dividends

Wanderer Financial Basecamp Private Members Group

Pretirement – What is It?

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What if there were a different life path than the one we’ve all been spoon fed our entire lives to believe in? What if you could pretire? What if you could completely change the way you view retirement, and live … read more Pretirement – What is It?

Financial Lessons and Investing Basics for Kids

Kids Investing—Your First Bear Market

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We began this Stockpile investing adventure six months ago, and at that time it would have been difficult to foresee the sort of volatility these budding portfolios would experience. Two months back, in February 2020, with the market at all-time … read more Kids Investing—Your First Bear Market

Wanderer Financial Basecamp Private Members Group

Financial Independence—Baby Steps

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Baby Steps to Pretirement Could you cover an unexpected $400 expense? According to a report from the Federal Reserve Board, four in ten Americans can’t. Those who don’t have the cash on hand say they’d have to cover it by … read more Financial Independence—Baby Steps

Financial Lessons and Investing Basics for Kids

Kids Investing — Portfolio Review Three Month Update

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It is a good idea to review all investment portfolios occasionally. I believe that even buy-and-hold investors should periodically review their holdings to determine if there is something there that could be replaced with another stock with more potential. Personally, … read more Kids Investing — Portfolio Review Three Month Update

Financial Lessons and Investing Basics for Kids

Kids Investing — Taking Risks

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Risk at Eight Instead of Fifty-Eight Take a Flyer One of the greatest things about investing with your kids is the ability to “take a flyer.” Not every stock that you build their portfolio with needs to be a tried-and-true … read more Kids Investing — Taking Risks

Financial Lessons and Investing Basics for Kids

Kids Investing — Best First Stocks For Kids

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Buying Your Kids Their First Stock Getting kids started, and more importantly interested, in trading is a great first step towards their future financial well-being and independence. We discussed setting up their first account using Stockpile here. Once their account … read more Kids Investing — Best First Stocks For Kids