Category: Investing
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How to Calculate Your Net Worth
“Guess how much Pete Davidson is worth?” Just about anytime we’re watching something other than Paw Patrol, I’ll pitch this question to Mr. Moneyaire. Perhaps, because we’re so conscience of what our net worth is, we find it interesting to see what someone famous is worth. Mr. Moneyaire checks up on our net worth every…
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A 5% High Yield Savings Account (HYSA)
I admit it. I’ve been procrastinating opening up a high yield savings account (HYSA). As the yields have been ticking up, so has the stock market. I’ve opted to invest most of our money into the market as of late. Still though, we had just under $10k in a Bank of America account that was…
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5 Penny Wise and Pound Foolish Things
I see a trap many hardworking smart people fall into to save money. You’ll see these posts pop up from popular budgeting blogs about “easy” ways to save money. One that I thought was particularly egregious was about how to optimize loading your dishwasher. As if running only full loads will make you a millionaire.…
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Roulette’s Important Investing Concepts
Mr. Moneyaire and I both enjoy playing roulette. However, we have very different styles. Mr. Moneyaire finds the way I play roulette to be a bit annoying. I find the way he plays to be reckless. However, the way we play roulette can teach us important investing concepts. I like playing roulette. There’s a wheel…
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New Law; 529 Plans & Roth IRAs
One of the biggest reasons parents hold back on funding their child’s 529 College Savings Plans is the fear of overfunding it. They are afraid that they will be locking up money that can only be used for education. What if their child doesn’t go to college? The horror if their child gets a scholarship…
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Should I get Life Insurance for my Child?
I’m in several Facebook groups dedicated to helping women with their personal finance goals. A lot of women ask really important questions, including about life insurance. I was asked directly “should I get life insurance for my child?” She explained that her kid has a high likelihood of being uninsurable as an adult. She was…
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Millionaire Traits
We recently took a trip to celebrate my best friend from college at her 40th birthday party. It was a special occasion and I very much looked forward to spending time celebrating my gorgeous friend. I bought a new dress for the party, we bought our airline tickets and stayed with Mr. Moneyaire’s old roommate…
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I Bonds Won’t Make You Rich
I’ve been receiving a lot of positive feedback from folks about my articles on I Bonds. I am delighted something I wrote has helped people! However, let’s take a step back and review because I Bonds won’t make you rich. I don’t think I’ve gone a day in the last 5 months without seeing or…
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Your Home Is Not a Great Investment
“Why not buy a larger home with a bigger yard? It’d be a great investment.” A friend of ours asked us this question when we mentioned how it might be nice for Baby Moneyaire to have a bigger yard to play in. We’ve recently been looking at single family homes with a yard. However, Mr.…
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Female Powered Investing
If you’ve mistook the last few week’s headline news reports for fiction straight out of Handmaid’s Tale, you wouldn’t be alone. Women’s right to abortion has taken a huge hit. Someone at the Supreme Court of the United States (SCOTUS) leaked an opinion by a majority of the high court that will overturn Roe v.…