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The 6 + 1 System For Financial Stability

How do you go from being flat broke to achieving -- if not wealth -- a state of financial comfort, freedom, and security? One step at a time. But: Do you know what your next step should be? I estimate that about 80 percent of questions I get … [Read more...]

The Roth IRA: What It Is, How It Works, And Why You (Definitely) Need One

Ready to start investing on your own? Then a Roth IRA is the first place to look. Jump to: Roth IRA Contribution Limits Roth IRA Income Limits Before I took a job at SmartMoney Magazine, terms like 401(k), Traditional IRA, and Roth IRA … [Read more...]

Why Index Funds Cost Less, Reduce Risk And Make You A Better Investor

If the movies are any indication, the road to investment riches is paved with adrenaline, frantic day trading, and -- of course -- frozen orange juice and pork belly futures. As is often the case when Hollywood creates its own version of reality, … [Read more...]

Best Credit Cards For Young Adults

So as a personal finance blogger who has a lot of personal experience with credit cards (both good and bad) I get the question "What are the best credit cards for young adults?" a lot. Or some variation: I'm a recent high school or college … [Read more...]

How To Improve Your Credit Score, Step By Step

Looking at the financial to-do list I compiled back in January, some long-standing goals are now checked off. I switched CPAs -- hiring a good accountant pays for itself and then some. I found a financial advisor, a first for me. I put together a … [Read more...]

What Credit Score Do You Need To Get Approved For A Credit Card?

If you're looking to be approved for a credit card, you'll need to have a credit score that meets the bank's minimum criteria. This is why we hammer home this advice here on Money Under 30: Know your credit score. Keeping track of your credit … [Read more...]

How To Buy An Engagement Ring Online

Recently I was reflecting on my experience shopping for Lauren's diamond engagement ring. (I proposed at Christmas, as many guys do, so I was shopping for the ring about this time of year.) As a result, I decided to revive this important post on … [Read more...]

How Much Should Be In Your 401(k) At 30?

What should your contribute to your 401(k)? How much should you have invested for retirement at 30, 40, 50, etc? These are good questions. Here, I try to answer them, but I should warn you: Personal finance is PERSONAL! The more you can c … [Read more...]

Are Certified Pre-Owned Cars Worth The Premium Price?

In a recent post, we talked about why you should (almost) never lease a new car. But let’s say you want a used car. As with new, there are also multiple factors to take into account. You can buy the typical used car, either from a private owner or … [Read more...]

Put Your Money On Autopilot

If I've learned one new thing in six years of blogging about money, it's this: The most important factor in financial success is not having a budget, meticulously avoiding debt, or choosing the right investments. It is having a system that makes the r … [Read more...]