The accounting profession is often seen as the “red-headed stepchild” of the financial services world. Unlike the world of “high finance,” accountants tend to be much more conservative by their nature, in their work, and their lifestyles. Even though CPAs earn a respectable salary (median income of $120,000+), CPAs generally do not flaunt their wealth …
Can You Get Rich in Accounting as a CPA in 2023? Read More »
According to Cleveland Clinic, stress is the normal bodily reaction when changes occur. Sometimes, stressors come in handy. Stress activates our body’s natural “fight or flight” mechanism. This natural reaction can keep us alert and motivated. This helps us avoid danger. Many times a stressful situation prompts us to find a more conducive or safe …
Any time we intermingle money and relationships, there’s bound to be a ton of emotional stress involved. On one hand, we feel an obligation to help out those that we care about. After all, we don’t want to be perceived as selfish. We may feel guilted into “taking care of the family.” However, we also …
Should You Help Support Your Parents Financially? Read More »
Obtaining the CPA designation is quite a grueling process. However, becoming a Certified Public Accountant represents the “gold standard” for those in the accounting profession. Surviving the rigor and difficulty proves to potential employers that you have both the commitment and knowledge to succeed in the workforce. Often, your compensation upside and career opportunities will …
Is Becoming a Certified Public Accountant (CPA) Worth It in 2023? Read More »
With a generation stifled by student loan debt, stagnant wages, exorbitant housing prices, and steadily increasing healthcare costs, those of us Millennials or Gen Z often still rely on our parents to subsidize our living expenses. In fact, according to Merrill Lynch, nearly 80% of parents continue to provide financial support to their adult children. …
How to Gain Financial Independence from Your Parents in 2023 Read More »
According to research company YouGov, 43% of Americans say they identify as financially insecure. Based on this research, there’s nearly a 50% likelihood that either you or your significant other are just one negative life event away from experiencing financial hardship. In fact, nearly 33% of Americans say they are just a $400 emergency away …
Should You Give Your Girlfriend or Boyfriend Money? Read More »
With the new year just around the corner and New Year’s resolutions on the horizon, now is the perfect time to get a jump start on your finances. Even if last year wasn’t your year financially, you can take certain steps this year to set yourself up for financial success down the road. Maybe, you’ve …
3 Vital Areas to Invest $10,000 for Prosperity in 2023 and Beyond Read More »
Ever dreamed of quitting your 9-5 job and having complete financial independence before your Golden Years? While the average retirement age in the United States is 61, there’s one social lifestyle movement aimed at changing America’s mindset on retirement. Those subscribers to the Financial Independence Retire Early (FIRE) movement aim to drastically reduce lifestyle consumption. …
Investing for Financial Independence (FIRE) in 2023 Read More »
I’ve been saving for my emergency fund for quite awhile. While I have accumulated a fairly sizable portfolio for my age, the majority of my net worth is locked up in retirement accounts and other investments. Theoretically, I could tap my brokerage accounts in the event of an emergency. However, I decided it was time …
Opening a Wealthfront High-Yield Savings Account for My Emergency Fund in 2020 Read More »
Integrating two financial lives can be difficult. Each of us has certain values, life goals, and varying propensities to spend. On one hand, you may be frugal and exhibit tendencies to hoard or “collect” money. For you, a big bank account or large investment portfolio may provide security. By contrast, your spouse may undermine your …
Finance Fights: 3 Ways to Solve Money Issues in Your Relationship in 2023 Read More »
