July 24, 2017

Under 35

If you're young and getting started in the world of finance, this section is for you!

Avoid Age Appropriate Money Mistakes

travelplans

Every decade of life brings new financial challenges. Try to avoid these common pitfalls.

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Three Strategies to Avoid Private Mortgage Insurance

trooper biking

Avoiding PMI, if possible, is better for your long term finances. Here are three strategies to avoid PMI.

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What is Private Mortgage Insurance?

storm trooper race

PMI does not provide you, the borrower, any protection.

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What To Do With That First Paycheck

plant in the rain

You probably know that you should spend less than you earn, but that is only part of the equation.

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How to Pay Off Student Loans While Building Wealth

How to Pay Off Student Loans While Building Wealth

While your student loans may be a daunting sum, it is still possible to build wealth even while paying off student debt.

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Radio: Financial Planning for Buying a Home

Hobbit Hole

David John Marotta was interviewed on WINA’s “Real Estate Matters” show with Michael Guthrie, talking about how it is still a good time to buy a house.

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Small Changes Have Large Effects Over Time

Swimmer- Breath

A swimmer takes one stroke at a time and yet makes great progress.

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Infographic: Is Grad School a Good Investment?

Infographic: Is Grad School a Good Investment?

An alternate look at the formula using the case study of Kate the Social worker who wants an MBA from Georgetown University.

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Is Graduate School a Good Investment? Here’s the Formula.

Is Graduate School a Good Investment? Here's the Formula.

Your future path is sure to take many unexpected twists and turns, but you should run the numbers. Your future self will thank you.

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How Can I Contribute to Two Roths?

Pineapple in Field

The terminology is a little confusing, but you are allowed to have and contribute to both individual retirement accounts and employment-related retirement accounts.

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Fund Your Roth IRA Even When You Can’t Afford It

Fund Your Roth IRA Even When You Can't Afford It

Sometimes, there isn’t enough to do it all. Even then, fund your Roth.

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How to Save for Large Fast-Approaching Expenses

How to Save for Large Fast-Approaching Expenses

The average married couple has dreams of multiple children, annual vacations, and homeownership, but planning for these expenses can be challenging.

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How Quickly Should I Pay My Student Loans?

How Quickly Should I Pay My Student Loans?

For those who do not want to be investors, a fast-track repayment may be best. But for those willing to save and invest, there is a better option.

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How to Get Out of Debt: Rebuild

Bright Desert Mountains

You have laid a good foundation: you are out of debt (or out of bad debt) and you’re ready for a clean start. Commit to keeping your financial life that way.

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The Complete Guide to Automating Your Savings

The Complete Guide to Automating Your Savings

After automating your entire investment plan, you can save and invest without even having to watch.

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How to Get Out of Debt: Monitor and Adjust

Driftwood on the Beach

Real life rarely goes according to plan. Set aside time periodically to assess your progress.

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How to Get Out of Debt: Implement Your Plan

Group Trekking Through Sand

Now that you know where you are headed and the steps you want to take to get out of debt, it is time to take action!

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A Guide to Your W-4

A Guide to Your W-4

All new employees have to fill out form W-4, but despite its ubiquity, most people don’t understand it.

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How to Get Out of Debt: Make a Plan

Chairs in the Desert

To get out of debt, you need an emergency cushion, a budget, and a plan of attack.

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How to Get Out of Debt: Assess Your Situation

Desert Stormclouds

Make a list of all your debt and figure out where your money is going every month.

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How to Get Out of Debt: Recognize the Problem

Sun Blasts Dunes

Most people are comfortable with having some debt (like a mortgage, for example). But how much is too much?

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Radio: Employment Tips for Recent Grads

UVA Grad

David John Marotta and Megan Russell were interviewed on the radio discussing ways recent graduates can make themselves more attractive to employers in today’s tough job market.

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How to Get Jobs for “Unemployable” Degrees

How to Get Jobs for "Unemployable" Degrees

The list of jobs for a History major seems quite short: Historian and Historic Preservation come quickly, then maybe Politics, if you think particularly hard about it.

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Radio Interview: Ideas for Success

Rocket Flight

David John Marotta was recently interviewed on radio 1070 WINA’s Schilling Show discussing success, and how to structure your life for greater chances of success.

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Can I Contribute to a Roth IRA?

Fountain in Springtime

How do you know if you can contribute to a Roth IRA? See this flowchart for answers.

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How Do I Structure My Accounts for Automatic Savings?

Inside Umbrella

Often the needs and wants of the present take our attention at the expense of the future. You want a system that will prioritize saving without needing your constant attention.

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Get Your Estate in Order, Pt. 3: Choose an Executor

Abandoned Plane

Who do I choose to be the executor of my estate? What will their basic duties be?

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Get Your Estate Plan In Order – Even if You’re Only 26

Woman near campfire

Today’s question: What if something happens to me and I am not able to make decisions for myself?

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Stop Borrowing From Yourself

Stop Borrowing From Yourself

Stop borrowing from your future self. Each day you fail to save is another day where you tighten the ball and chain around your ankle. You deserve better than that.

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How To Buy A College Degree

How to Buy a College Degree

Unfortunately, Obama’s good intentions are thwarted by the economic principle formulated by banker Charles Goodhart.

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Mailbag: What Is The One Fund I Should Invest In?

Rainbow Stars

Here’s how to earn a slow million.

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Newlywed To Do List

Rush Hour

While you know about the duplicate wedding gifts to exchange or return, and your mother is reminding you to finish writing Thank You notes, you might not remember all the other things you need to do.

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How to Open a Roth for Your Child

Open a Roth for Your Child

Someone has to be proactive about your child’s retirement and every year you don’t open a retirement account is another year you’re holding back compound interest.

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The Benefits of Saving and Investing Early

Saving Money

Any money you put away and invest now will have the longest time to grow, due to the magic (or actually, the mathematics) of compound interest.

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Some College Degrees Not Worth the Investment

college guy playing guitar

A typical college degree is worth up to a million bucks over a career, but that’s not true for every degree.

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David Marotta Quoted on Yahoo Finance Story About Gen Y Savings

College Student in Hammock

Because of inflation, today’s 20-year-olds will need over $7 million to have the same lifestyle when they retire.

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Helpful Mobile Budgeting Tool Free For College Students

you need a budget

The good people at You Need A Budget (YNAB) have made their budgeting solution free for college students; including part-time students.

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Today’s 20-year Olds Will Need Over $7 Million For Modest Retirement Lifestyle

Worried Woman

Most young people don’t understand inflation as well as their parents and grandparents.

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How Much Should I Save for College?

college

I’ve learned to develop a thick skin when sharing ideas with the masses but if these commenters represent some general barometer of financial sanity, we appear to be losing the battle.

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Age-Based Benchmarks for 529 College Savings (2014)

college savings progress

529 Colleges Savings Articles: 1. Power Fund a 529 Account Via ’5 Year Election’ 2. The Beginning of the End for Skyrocketing College Costs? 3. 529 Gift to the Grandchildren

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Newlywed Checklist: Name Change, part 3

wedding_rings_hands_t

When a woman gets married she often changes her name. Once you’ve changed your name at the Social Security Administration, the DMV, your employer and employer benefits, and your passport, it’s time for the last few changes.

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Newlywed Checklist: Name Change, Part 2

wedding_rings_hands_t

The DMV was my second stop in the name-change process because it makes subsequent name changes easier.

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Newlywed Checklist: Name Change

wedding_rings_hands_t

For $50 and a lifelong commitment, you can legally change your identity!

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The Only Right Answer To “Debit or Credit?”

Debit or Credit?

“Debit or Credit?” is a trick question. There is only one right answer and it’s not the one that benefits the store whose asking.

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How Do I Open an Investment Account? Part 2 -Things You Can Do Tomorrow

Vanguard account opening

Here’s a walk through of the account opening process at Vanguard.

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The Complete Guide to Your Washing Machine

Washing Machine

The complete guide to saving money while washing your clothes. How much does my washing machine cost me? What temperature should the water be? What cycle should I use? What detergent should I use? What’s best for my clothes?

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How Do I Open an Investment Account? -Things You Can Do Tomorrow

NYC skyscrapers

Sometimes what stops someone from following advice is just not knowing where to begin or how easy it is. Many personal financial advisors have minimums, so where do you start if you only have a small amount of money to invest?

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Budget? What Budget?

Bucket in Trees

Even if you just have an idea of where your money is going, you should still have a very good idea.

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Useful Things You Can Do In 15-Minutes or Less

Useful Things

How much can you save in 15-minutes? Ready. Set….

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Financial Bucket List

Bucket in Sand

Some people have bucket lists with things like “Travel to Paris,” and “go skydiving,” but I have a bucket list of financial things to do.

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