Jim has a B.S. in Computer Science and Economics from Carnegie Mellon University, an M.S. in Information Technology – Software Engineering from Carnegie Mellon University, as well as a Masters in Business Administration from Johns Hopkins University. His approach to personal finance is that of an engineer, breaking down complex subjects into bite-sized easily understood concepts that you can use in your daily life.
One of his favorite tools (here’s my treasure chest of tools,, everything I use) is Personal Capital, which enables him to manage his finances in just 15-minutes each month. They also offer financial planning, such as a Retirement Planning Tool that can tell you if you’re on track to retire when you want. It’s free.
He is also diversifying his investment portfolio by adding a little bit of real estate. But not rental homes, because he doesn’t want a second job, it’s diversified small investments in a few commercial properties and farms in Illinois, Louisiana, and California through AcreTrader.
Recently, he’s invested in a few pieces of art on Masterworks too.
Ever wonder how much you need to have what's considered a "good" monthly income in retirement? We look at the data to find out how much retirees are earning and spending in retirement, sourced from the Bureau of Labor Statistics and the U.S. Census. The answer may surprise you!
Index funds are the darling of the personal finance world but are they without risk? We look at what to consider when you invest in index funds, where they are appropriate, and what risks you should remember.
Want to make the most out of your savings without taking any risks? Check out our latest post that features the top 5-year CD rates available in the market. We've done the research for you, listing their annual percentage yields (APYs) and minimum deposit requirements. With a 5-year CD, you lock in an interest rate for what you need.
What is your risk tolerance? I bet a brokerage has asked you that question and you had no idea - or you put something but aren't sure if it's correct. Today, learn what most people get wrong about their ability to tolerate market volatility.
If you enjoy playing games on your phone for money, you can get paid in cash by using Cash App. In fact, Cash App may be more convenient than PayPal (the older money app) because it lets you split purchases with friends and make debit card purchases.
Did you know that you can add your children as authorized users on your credit cards? And that by doing so, you can help them build their credit? Check out this strategy to give them a leg up in the credit game.