The FIRE or financial independence and retire early movement has grown in popularity over the last decade. The Great Recession saw many retirement savings wiped out through poor financial decisions coupled with the worst recession of our lifetimes. The traditional retirement mold has been broken. Why wait until your later years to leave a job […]
7 Habits Achieve Financial Independence Read More »
We call it the Millennial advantage, but the truth is, generations before and generations to come all have the same advantage when it comes to building wealth and having the freedom to do the things we value. That distinct advantage is the value of time. When it comes to having the flexibility and freedom to
The Importance of Investing Early Read More »
Since the mid-1990’s, the internet and the digital age have transformed the way we live. Technology has been the foundation for industry disruption and as a result, there continues to be an opportunity for technology companies to rise from a small start-up to a full-fledged public company in a matter of years. With the sudden
My Company’s Tech Stock is Booming! What Should I Do? Read More »
Health insurance and planning for inevitable expenses in the future is a fundamental part of any financial plan. One tool millennials should be taking advantage of, if available to them, is health savings account or HSA as they’re referred to. The benefits of an HSA extend beyond their TRIPLE tax-advantaged status, to the ability to
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Who doesn’t like to save or make money with a few tweaks to their personal finances? These tips might seem obvious or not so obvious, but they’re a roundup of some of the best ways to improve your personal finances right now. Whether you’re a Do it yourself-er, rely on friends or family for advice,
8 Personal Finance Hacks For Millennials Read More »
When it comes to building wealth, saving and investing for your future, and achieving whatever other financial goals you might have, it’s important to develop other sources of income other than what you earn. You could be earning $500,0000 by age 50, yet if you haven’t saved a dime, you’re not going to be able
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The new tax bill, the Tax Cut and Jobs Act (TCJA), was passed at the end of 2017. It’s the largest tax reform we’ve seen in the U.S. since President Reagan. There are many important changes that will affect your taxes in 2018 and beyond. This article will attempt to shed light on the changes
How Does the New Tax Bill Effect Me? Read More »
The annual gift tax exclusion in 2024 allows up to $18,000 to be transferred tax-free. Meaning cash gifts received or made, from anyone, over that limit are taxed. If you’ve ever received a generous gift from someone, you might be wondering who pays gift taxes? How does the gift tax work? And why is there
Who Pays Gift Taxes? And Gifting Strategies for Millennials Read More »
The steps to financial success usually aren’t easy. However, there are steps you can take in the short term to put yourself in a good position to meet your goals. At Millennial Wealth, we preach that living a fulfilling life includes not only physical and mental health but financial health as the third piece of
Steps to Financial Success in your 20’s Read More »
Being stressed about finances is never a good thing. Financial wellness directly correlates to our overall well being. Being over your head in debt, losing your job, or having to pay for a crippling unexpected expense, all can cause massive amounts of stress. That stress can have negative effects on your mental and physical health.
Financial Wellness: The Key to a Happier Life Read More »
