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Broker: Saving $100K (Twice) Before You Turn 30
This is another article in our finance series, creatively titled "Broker", with an article about saving cash. We have a lot of humor and sports on the site, but we want to help people be better at life. Read on to find out how to plan for the future - it may not sound fun, but once you do it life becomes better. In May 2008, at the age of 22, I decided that I wanted to save $100,000 in cash or liquid assets and another $100,000 in retirement accounts before I reached the age of 30.  At this time, I had roughly $15,000 in cash and $6,000 saved in retirement accounts split between a 401(k) and a Roth IRA. These savings goals took... READ MORE
Broker: Should You Hire A Financial Advisor?
(Editor's Note: We are continuing our Bro Council Finance series, creatively titled "Broker", with an article about financial advisors. Yes, we have a lot of humor and sports on the site, but we want to help men be better at life. One of the things most men could work on is becoming better with their finances. In this article we ask the question "Do you need a financial advisor" - read on to find out.) Read on, and check out NAPFA for all of your certified financial planner needs. NAPFA is not a sponsor, we just prefer to use them over their competition. If you’re reading this article, you may be interested in finance, but just... READ MORE
Financial Tips: Is Investing As Easy As It Looks?
The universal mantra for armchair equity investors is: “Buy low, sell high.” This notion refers to the idea that you should purchase all of your stocks at the lowest possible price. The low, at the very moment of your purchase, will then begin to rise. You accumulate gains “on paper” until the magic moment when you have accumulated enough wisdom to determine the high. The high meaning the instant when the stock will decrease a moderate to substantial amount heading to a moment when you will “on paper” lose money. And then it happens, you make your trade thus converting your fictional gains into actual gains. You are a stock... READ MORE
Finance: Should You Refinance Your Mortgage?
So the 30 Year Mortgage rate is 3.5% and lower - how did we get here? Mortgage: a term that quite frankly everyone shudders at and wants to avoid. Mortgages are synonyms for debt – a life time of it, especially if you have been watching the economic news. Who remembers the phrase "It's the economy, Stupid?" Experts have kept a close eye on the Commerce Department spending reports. Reports which are supposed to provide valuable insight into the health of the American Economy, however did you realize that these reports are one of the primary influences on home loan rates? Imagine that, personal spending actually dictates that interest rate... READ MORE
Finance: The Facebook IPO
We kicked off our finance column (creatively titled "Broker") with a guest post from two guys who know a lot about finances. "Warren Brofett" and Joe Holleran wrote this article about the Facebook IPO (when Facebook sold shares to the public for the first time so that you can buy part of the company). We are re-running it now because what they said turned out to be true...Facebook is at less than 50% of it's initial value as of today. "Warren" has an MBA from the University of Pittsburgh and Joe is completing his MBA as well. Enjoy...it's a great read, and you don't have to possess an MBA yourself to understand it. The buzz around Facebook in recent... READ MORE
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