Average Joe’s Money Blog
-Our resident bloggers, AverageJoe and OG, writes what informative and interesting posts at least three days a week.
Monday through Thursday - They bring financial planning news, strategies and tips.
On Fridays Joe shares his choice for the Blog Post of the Week!, where he crowns a blog writer as the winner in his soon-to-be-esteemed competition.
Here’s a problem: you’re at the end of your money and there’s three days left before you’re paid. Where do you turn? Maybe you’ve been there…I was in this situation in my early days as a financial advisor. It was horrible. Here I was, telling people about how to manage their money, and I was sweating every meeting, just praying that they’d sign on the dotted line. One time I even ran out of gas on the way home and had to search frantically for money under my seats. There are two solution levels: “Right now” and “Never...read more
A solid marriage is the first thing you need in order to run a successful business with your spouse, but that’s certainly not the only thing. Partners that share the same visions, goals, outlooks, and can stand each other’s company 24/7 are more apt to make it work. Subsequent steps to success involve a mixture of business sense, legal sense and common sense that can help you reap the rewards of working so closely with someone you trust and love. Decide on Business Type Whether you’re buying a franchise, launching a start-up or taking over an...read more
Six out of 10 Americans don’t use a budget or track their spending, according to the 2013 Harris Interactive Consumer Financial Literacy Survey. This statistic jives with HelloWallet’s report from last October, which found that 60 percent of households are accumulating debt faster than retirement savings. No matter what stage of life you’re in, you need a plan to save for retirement. Start with the following tips: Schedule Planning Time As people grow older, they’re more willing to pay attention to their finances....read more
Podcast: Play in new window | Download Looking for a great tax deal? Look no further, because this week we bring you one that could save you thousands of dollars AND help you build your retirement savings. Want more? How about the fact that you can take it back later if it isn’t working out?...read more
Why so much confusion about structured settlement? Structured settlements are becoming highly popular these days, partly due to the benefits they provide and partly due to the flexibility they offer to the holder. According to Einstein Structured Settlement, Structured settlements are regarded much well as compared to other types of investment in the sense that they are oriented towards the needs of the owner. Despite all the advantages many people have doubts about this financial instrument when it comes to make an investment. They have many...read more
Podcast: Play in new window | Download Today on the show….you’ve read the tale: parents die and kid ends up with the evil stepmother who locks the kid away and just wants her money? Good news: you don’t have to wait around for a glass slipper. You can set up your estate correctly the first time to avoid this mess. We’ll discuss on this week’s podcast!...read more
Today in New Jersey an 18 year old is suing her parents for college money. According to USA Today, she says that they issued her an ultimatum (ditch the boyfriend or get out). Dad says they asked her to follow a few house rules. Whatever. I think this is an awesome exercise. Partially, I like this lawsuit because I think entertaining me (no matter what it means to the court system) is a great idea. But there are many BETTER reasons: 1) Blaming Someone Else For Your Problems Is Often the Best Solution. This idea of “trying to solve your...read more
You attend your first ever 401k meeting….and they hand you some pie charts. Oh, no. First of all, I should say I love pie. Especially apple pie. But I hate generic pie charts in retirement plan books. I can’t tell you the number of boring-ass financial meetings I’ve attended where some dude in a suit is plowing through a bunch of pie charts while his clients pretend to be awake. Rule one of asset allocation: Chuck the pie chart. Most of the time, these charts are based on your age and risk tolerance. Nothing like putting a few square...read more
Ah, the budget. While I dream about hot, soapy fun, I’m not sure that “a budget” is what I had in mind. Sure, I’m into crazy stuff as much as the next guy, but this whole budget and soap thing….I thought, “I’ll pass.” …until I was recently looking at my dishwasher. Then I thought, “I’ll pass….out! This is awesome!” Here’s hot, soapy, and the key to my biggest budget dreams of all time. When I want to get stuff done….you know, real stuff, like washing dishes or clothes, I don’t do the job by hand. I throw in...read more
Small businesses provide 55 percent of all jobs in the United States, notes the SBA, proving the American dream is certainly alive and well. You might feel like competing with big business is not worth the hassle, but since 1990, big business has cut 4 million jobs, while small business has accounted for 23 million net new jobs since the 1970s. But you know success does not come easy. There is always more to do and more to learn. Follow these stress-free measures to make a smashing debut as the most effectively managed small enterprise in...read more