Income-Based Repayment Plans: Are They Worth It?

Income-Based Repayment Plans: Are They Worth It?

One of the unique benefits of federal student loans is the ability to choose one of four income-based repayment plans. The beauty of income-based repayment is that your payment scales up and down with your income. But, as with any federal program, understanding the various income-based repayment plans and their accompanies rules can be a complicated and confusing task. Don’t worry. We’ve done all the research for you. In this … Read more

Make Extra Money With The 10 Best Side Hustles For Teachers

Make Extra Money With The 10 Best Side Hustles For Teachers

If you’ve chosen a profession in teaching, it’s probably because you truly love what you do. At the same time, you may have been looking into finding side hustles for teachers to help you earn extra cash and reach your Financial Independence goals. And as someone whose mom and grandmother were both teachers and who’s strongly considered becoming a teacher himself within the last 12 months, I can understand the … Read more

What Are The Best Types Of Student Loans?

What Are The Best Types Of Student Loans?

So you’ve done everything you can possibly do to save on college costs. You’ve searched for available scholarships and grants, you’ve applied for federal aid, and you’ve tried to pick an affordable school. And you still have a college funding gap. If I just described your situation, you’re not alone. In fact, over 45 million people (and counting) have had to take out student loans to help pay for college. … Read more

Roofstock Review: Ultimate Turnkey Investing

Roofstock Review: Ultimate Turnkey Investing

Roofstock’s mantra is that they make “investing in single-family rental properties radically simple.” And after taking a deep look into what they have to offer for this Roofstock review, that seems to be completely true. Investing in real estate isn’t as simple as other forms of investment. You need to find properties that can turn a profit, screen tenants, collect rent, deal with repairs, and the list goes on and … Read more

Yelp For Business Owners Review: Great Return On Investment (A Case Study)

Yelp For Business Owners Review Great Return On Investment (A Case Study)

When you own your own business, the right advertising can help your ideal customers find you. If you already advertise online, you may be familiar with services like Google AdWords and Bing Ads. But have you ever considered advertising with Yelp for Business Owners? If not, you probably should–especially if your target customers are people who live in your local area. Nick Keesey, from the TheOrganizedCouple.com, recently tested out Yelp’s … Read more

Choosing Your Health Insurance: A Guide For Open Enrollment

Choosing Your Health Insurance: A Guide For Open Enrollment

If you depend on the Health Insurance Marketplace for health coverage, open enrollment is an important time. First, it’s an opportunity for you to preview any planned changes to your coverage or premium. And if you’re unhappy with your current health insurance policy, open enrollment is your chance to shop around for a better deal. Even if you currently have private health insurance, it’s a smart idea to check during … Read more

Why You Should Look At Retirement As An Expense

Why You Should Look At Retirement As An Expense

Recently, the ChooseFI team received an email from Anders Skagerberg, a fee-only financial planner based in Salt Lake City. Anders describes himself as a “ChooseFI faithful” and says that he and his business partner, Brett, are always trying to motivate young people to get excited about financial independence. One of the strategies that Anders uses with his clients is to get them to think of “retirement as an expense.” In … Read more

Beyond 4%: The Argument For Flexible Spending Rules In Retirement

Beyond 4%: The Argument For Flexible Spending Rules In Retirement

Michael Kitces recently conducted a study of the 4% rule to see if it holds true for longer time horizons. The William Bengen study that the 4% rule is based on didn’t test the 4% withdrawal rate on retirement periods of longer than 33 years. Yet many FIRE retirees may be in retirement for 40-50 years. Does that make the 4% rule too risky? Or, perhaps it’s too conservative?  These are the questions that Kitces’ study set out to answer. And … Read more

Trim Review: Bill Negotiation Without The Hassle

Trim Review: Bill Negotiation Without The Hassle

Tracking your spending and cutting expenses is an important part of every FI journey. But it’s not always easy to stay on top of everything–especially when it comes to canceling unused subscriptions or haggling for a lower bill. With all that you have going on, have you ever wished you had an assistant who handles these things for you? If you have, you might want to consider Trim. But how … Read more

How To Become A Financial Advisor

How To Become A Financial Advisor

After spending a decade in one career, I recently decided it was time to make a change. I wanted to take my love of personal finance and helping people with money and combine them into one job. So I considered all kinds of ideas in the finance field. One of the options I strongly considered was becoming a financial advisor. My father-in-law, Wade Rowdon, has been a financial advisor for … Read more