Sylvester Knox
Blog
Is Investing in Real Estate Right for You?
Investing in real estate offers some advantages over other types of investments, such as stocks, mutual funds, and index funds. In addition to tax incentives, building equity, and the potential of increasing the property value, real estate investing can also provide a larger return on investment.
Investing Beyond Your 401k
One of the most important things for any investment portfolio is diversification. Saving with a 401(k) is a great idea, and everyone should try to max theirs out. But taking time to diversify is also important. Once a person has maxed out their retirement account and established emergency fund savings, the next step is to find other avenues of investment. Diversification helps insulate investors against risk.
The Best Apps For Investing
Apps are revolutionizing the way people invest. Instead of calling a broker, or logging into a banking website, people can now invest right from their phones. It’s never been easier to put money into stocks, cryptocurrency or other investment instruments. Investing has gone from a specialist function to something that anyone can do on their lunch break.
Major Things You Should Consider Before Making an Investment
Many people want to expand their financial portfolios by making investment decisions. Investing can be a great way to expand your portfolio, and potentially earn extra money as time goes on. Investing is done when you want to make your money grow faster than it would...
Building a Strong Financial Portfolio
Building up a strong financial portfolio is an ongoing process for most people. There are few who inherit their wealth. Here are some steps that can help individuals and families develop a great financial situation over time. Assess Net Worth It's hard to know where...
Top Savings Strategies to Maximize Your Bank Account
When it comes to the savings accounts of the average American, one thing is certain: Many are anemic. Some studies have shown that nearly half of all Americans would have trouble meeting even a $400 emergency. This means that many people are in need of a healthier...
Essential Steps to Saving for Your First Home
Buying your first home means saving up for a down payment. Under normal conditions, you'll need 20% of the total home cost for your down payment, but some programs will allow you to offer a lower down payment. In either case, you will need to save something for your...
Finance Tips for New Parents
Having a new baby is an exciting event. There are new roles and responsibilities that come with being a first-time parent. Some of the major changes are financial in nature. Here are some financial moves that all new parents should consider. Add Your Child To Your...
Budgeting When Living on Your Own
Most people end up living by themselves at some point in their lives, whether they're just getting out of their parent's house, find themselves alone after a divorce or just lost their spouse. And while living alone can be frightening at first, it can be a rewarding...
Tips for Teaching Kids About Financial Responsibility
Financial responsibility is part of the vital lessons that children learn from their parents. When teaching your children to become financially responsible adults, you should endeavor to use the right approach that guarantees effectiveness and efficiency in delivering...