We have always maxed out our retirement accounts. That slow-and-steady process allowed me to reach $500k in my early 40s. Combined with my wife’s retirement accounts we recently passed the one million dollar mark. What allowed us to retire early was the amount we had in our taxable investment account. Here’s some background on how […]
How to Become a Millionaire By Investing Consistently
Investing consistently is a key building block of wealth building, but many people don’t understand why it is so powerful. Well, today we’re going to explain it for you! And once you understand it, you’ll be even more motivated to keep your investing consistent. First, make sure you have your emergency fund in place, and […]
The TRUTH About Stock Market Returns
What was the average annual return of stocks over the past 5 years? How about for the past 20 years? What was the return for a 60/40 stock and bond mix portfolio? There are a lot of numbers thrown around on how stocks have done – and will do in the future. Let’s dig through […]
5 Reasons Your Investments Are Performing Below Average
A study of 70,000 investor portfolios showed that in 2016 investor returns lagged the market by a whopping 7%! Yes, the average investor gained 5% but the S&P 500 returned 12% over the same period. Why? Well, here are 5 reasons your investments might be performing below average. It’s part of the behavior gap Financial […]
How To Create A Triple-Tax-Free Million Dollar Retirement Plan
Today’s topic is a guest post from Certified Financial Planner, and Wealth Summit founder, Greg Phelps. This excellent article on leveraging a Health Savings Account for retirement can save you a ton of money in taxes. This is definitely worth reading! A triple-tax-free million dollar retirement plan? This is by far one of my favorite […]