Blog Posts

How to Read Stock Charts

How to Read Stock Charts

Investing
Wouldn’t it be great if you could improve your investment returns by owning securities when prices are increasing and selling...
Read More
Reducing Risk with an Annuity

Reducing Risk with an Annuity

Insurance
Is an annuity a good investment option for you?  One of my younger followers had a financial planner suggest that...
Read More
Susie Q’s  Personal Financial Planner

Susie Q’s Personal Financial Planner

Financial Planning
What are your dreams? What are your hopes for your life? Are there things that are important to you? What...
Read More
A Reverse Mortgage for Retirement Planning

A Reverse Mortgage for Retirement Planning

Houses, Cars, Etc. Money Basics
A reverse mortgage can be a valuable financial management tool for seniors and their families.  However, if misunderstood or misused,...
Read More
Smart Account Choices Juice Long-Term Growth

Smart Account Choices Juice Long-Term Growth

Investing Money Basics
Compound interest allows your investments to grow exponentially in value.  This post provides six online compound interest calculators to help...
Read More
How Short Bets on GameStop Took Big Slides

How Short Bets on GameStop Took Big Slides

Investing
The financial news in the past week or so has been full of stories about GameStop, AMC Entertainment Holdings (AMC),...
Read More
Don’t Sweat those Mortgage Terms

Don’t Sweat those Mortgage Terms

Houses, Cars, Etc. Money Basics
A mortgage is key to buying a residence for most people.  Mortgage loan documents are often lengthy and full of...
Read More
Rental Property: Real Life Experiences

Rental Property: Real Life Experiences

Investing
Many people view residential rental property as a great investment.  I’ve never had any interest in committing the time I...
Read More
Property and Casualty Insurance

Property and Casualty Insurance

Insurance
Protection against loss is critical for everything you do, including running your own business or earning money from a side...
Read More
The Home Equity Fallacy

The Home Equity Fallacy

Houses, Cars, Etc.
Building home equity can increase your financial security, but it isn’t necessarily the best way to maximize your net worth. ...
Read More
Flex or Fix in Buy vs. Rent

Flex or Fix in Buy vs. Rent

Houses, Cars, Etc.
Your residence is likely one of your biggest expenses.  The most common options for residences are renting and purchasing.  There...
Read More
Holidays on a Budget

Holidays on a Budget

Budgeting
Even in normal circumstances, the holidays can be stressful.  With the concerns about travel and the impact on many people’s...
Read More
Make the Most of your Benefits Package

Make the Most of your Benefits Package

Employee Benefits
Many employers offer a benefits package.  The most common benefits are health insurance and a retirement plans, topics I’ve covered...
Read More
The Case for a Few Good Stock Runners

The Case for a Few Good Stock Runners

Investing
Many investors limit the amount of their investments in individual companies to manage the risk in their portfolios.  Others advocate...
Read More
Celebrating Our Second Birthday!

Celebrating Our Second Birthday!

Blog Posts
We hope you will help us celebrate our second birthday on Friday, October 2, 2020!  In the past year, we...
Read More
Why I Chose Patience over Re-balancing

Why I Chose Patience over Re-balancing

Investing
Many financial advisors recommend re-balancing your portfolio no less often than annually to ensure the asset allocation is consistent with...
Read More
What is Bitcoin: The Short and Long Answers

What is Bitcoin: The Short and Long Answers

Investing
The phrase "what is Bitcoin" is currently getting between ten and one hundred thousand search queries in Google per month....
Read More
Diversification: Don’t Get Misled by these Charts

Diversification: Don’t Get Misled by these Charts

Investing
Diversification is an important component of any investing plan.  It assists you in limiting your risk either to a single...
Read More
7 Must-Know Stock Market Sell Signals

7 Must-Know Stock Market Sell Signals

Investing
Before we talk about the specific indicators that would signify stock market sell signals, we must understand why we bought...
Read More
Why I Don’t Hold the All Seasons Portfolio

Why I Don’t Hold the All Seasons Portfolio

Investing
The All Seasons Portfolio reports amazing statistics about its returns.  I’d never heard of the All Seasons Portfolio, so had...
Read More
Don’t Make these Financial Mistakes

Don’t Make these Financial Mistakes

Budgeting Financial Planning Money Basics
The world is going through a very difficult phase. Everywhere we are hearing that we need to get adjusted to...
Read More
Selecting Stocks with a Score

Selecting Stocks with a Score

Investing
A friend of mine really likes selecting stocks with a score, the Piotroski score in particular.  Briefly, Professor Piotroski created...
Read More
Picking Stocks Using Pictures

Picking Stocks Using Pictures

Investing
Technical analysts select companies for their portfolios based on patterns in stock prices.  That is, it allows them to enhance...
Read More
Should I Buy Stocks Now?

Should I Buy Stocks Now?

Investing
Many, if not most, financial advisers recommend accumulating wealth from a diversified set of investments including stocks.  An investor can...
Read More
How to Buy Life Insurance

How to Buy Life Insurance

Insurance
Choosing the right type of life insurance policy and its death benefit can be confusing. Not too long ago, I...
Read More
Do I Need a Financial Planner?

Do I Need a Financial Planner?

Financial Planning
Creating your own financial plan can be a daunting task. If you aren’t sure where to get started or have...
Read More
A Man is Not a (Sound Financial) Plan

A Man is Not a (Sound Financial) Plan

Financial Planning Money Basics
“A Man is Not a Plan!” It sounds like a very dated statement, but a guide on a recent trip...
Read More
At What Price Should I Buy a Stock?

At What Price Should I Buy a Stock?

Investing
Deciding at what price to buy a stock or other security is almost as hard as deciding whether to buy...
Read More
Your Bills: Pay Them or Defer Them?

Your Bills: Pay Them or Defer Them?

Financial Planning Money Basics
Many of you are facing difficult financial decisions as your hours are reduced, you have to take an unpaid leave...
Read More
Don’t Panic!  Just Plan It.

Don’t Panic! Just Plan It.

Financial Planning Investing Money Basics
Financial markets have been more turbulent in the past few weeks than has been seen in many years, probably more...
Read More
The Different Types of Life Insurance

The Different Types of Life Insurance

Insurance
The life insurance landscape is confusing, to put it lightly. One can get lost in the different types of policies...
Read More
Mutual Funds and ETFs

Mutual Funds and ETFs

Investing
Mutual fund and ETFs (exchange-traded funds) allow you to invest in securities without having to select individual positions. Instead, the...
Read More
The Canada Pension Plan And Your Retirement

The Canada Pension Plan And Your Retirement

Retirement
Note from Susie Q:  When I published my post on Social Security, I promised my Canadian readers a similar post...
Read More
How to Raise Financially Smart Kids

How to Raise Financially Smart Kids

Kids and Money Money Basics
I wrote a guest post for Grokking Money about how to raise financially smart kids.  Here is the start of...
Read More
Do I Really Need to Budget

Do I Really Need to Budget

Budgeting
I wrote a guest post for The Smart Investor about deciding if you need a budget.  Here is the start...
Read More
Good Debt vs Bad Debt: Key Characteristics

Good Debt vs Bad Debt: Key Characteristics

Debt
Not all debt is bad! The specific definitions of good debt vs bad debt will vary from person to person....
Read More
Picking Stocks

Picking Stocks

Investing
Many investors create their own portfolios by picking stocks in individual companies. As discussed in my post on the basics...
Read More
Investing for Dividends

Investing for Dividends

Investing
Investing for dividends is one of many strategies investors use to identify stocks for their portfolios. Among the strategies I...
Read More
Reading Financial Statements

Reading Financial Statements

Investing
Reading financial statement guides many investors in their decisions to buy and sell stocks.   Investors who focus on financial fundamentals...
Read More
What You Need to Know About Stocks

What You Need to Know About Stocks

Investing Money Basics
Stocks are a common choice for many investors.  There are two types of stocks – preferred and common.  Because most...
Read More
Recovery from Financial Disaster

Recovery from Financial Disaster

Money Basics
Ever wonder how you’d handle a complete reversal of your finances? I have a friend who had a lifestyle most...
Read More
Top Ten Posts in Our First Year

Top Ten Posts in Our First Year

Blog Posts
Financial IQ by Susie Q celebrated its first birthday last week. In the first year, we published 52 posts on...
Read More
Umbrella Insurance Reduces Your Risk

Umbrella Insurance Reduces Your Risk

Insurance
Umbrella insurance provides broader coverage and more limits than your auto and homeowners policy for liability claims made against you....
Read More
Annual Retirement Savings Targets

Annual Retirement Savings Targets

Retirement
Once you know how much you want to save for retirement, you need a plan for building that savings.  Your...
Read More
Retirement Savings: How Much Do You Need

Retirement Savings: How Much Do You Need

Retirement
Retiring is one of the riskiest financial decisions you will make. On the day you retire, you can calculate your...
Read More
The Best Ways to Pay Off Your Debt

The Best Ways to Pay Off Your Debt

Debt
The best way to pay off your short-term and revolving debt depends on your priorities and what motivates you.  Two...
Read More
Credit Cards: What You Need to Know

Credit Cards: What You Need to Know

Debt Money Basics
Credit cards are a terrific convenience but also can be very costly.  Effective use of a credit card can make...
Read More
Tax-Efficient Investing Strategies – Canada

Tax-Efficient Investing Strategies – Canada

Investing
You can increase your savings through tax-efficient investing. Tax-efficient investing is the process of maximizing your after-tax investment returns by...
Read More
6 Ways to Slay Your Student Debt This Year

6 Ways to Slay Your Student Debt This Year

Debt
From Susie Q: I'm not as familiar with student debt as I am with the other topics on which I...
Read More
Tax-Efficient Investing Strategies – USA

Tax-Efficient Investing Strategies – USA

Investing
You can increase your savings through tax-efficient investing.  Tax-efficient investing is the process of maximizing your after-tax investment returns by...
Read More
New vs Used Cars

New vs Used Cars

Houses, Cars, Etc.
Is buying a used car really all that important to your financial health?  I’ve seen lots of articles and posts...
Read More
My Next Car: Pay Cash, Borrow or Lease?

My Next Car: Pay Cash, Borrow or Lease?

Houses, Cars, Etc.
The finances of buying a car can be tricky.  In addition, there are so many other things to consider. What...
Read More
Savings Accounts for Kids

Savings Accounts for Kids

Kids and Money
Many parents want to create savings accounts for their kids – for one or both of funding their education or...
Read More
Should Chris Pay off his Mortgage?

Should Chris Pay off his Mortgage?

Houses, Cars, Etc. Investing
Chris @Money$tir asked other financial literacy and financial independence (FI) bloggers, in a post on March 9, 2019, whether he...
Read More
Investing in Bonds

Investing in Bonds

Investing
Bonds are a common investment for people targeting a low-risk investment portfolio. One of the pieces of advice I gave...
Read More
How to Budget Step 9 – Monitoring your Budget

How to Budget Step 9 – Monitoring your Budget

Budgeting
You may have thought you were done when you created and balanced your budget.  However, there is one very important...
Read More
Traditional vs Roth Retirement Plans

Traditional vs Roth Retirement Plans

Retirement
The difference between Roth vs Traditional plans for retirement is primarily about tax rates. Other differences relate to when you can...
Read More
How to Budget Step 8 – Refining your Budget

How to Budget Step 8 – Refining your Budget

Budgeting
Very few people have a balanced budget on the first try.  This week, I’ll talk about how to refine your...
Read More
Social Security: How Much Will I Get in Retirement

Social Security: How Much Will I Get in Retirement

Retirement
Social Security is a key pillar in most American’s retirement plans, especially those approaching retirement.  Many younger workers, though, have...
Read More
How to Budget Step 7 – Create your Budget

How to Budget Step 7 – Create your Budget

Budgeting
You made it!  This week your only task will be to create a first draft of your budget.   Budgeting...
Read More
The Basics of Loans: What You Need to Know

The Basics of Loans: What You Need to Know

Debt Money Basics
Loans are the financial instruments people use to borrow money.  Whether they are getting a mortgage to buy a house,...
Read More
How to Budget – Step 6: Review your Expenses

How to Budget – Step 6: Review your Expenses

Budgeting
You’re almost there!  Only one more week until I describe how to create your budget.  Before you can do that, you’ll...
Read More
Investment Diversification Reduces Risk

Investment Diversification Reduces Risk

Investing
Investment diversification is an important tool that many investors used to reduce risk. Last week, I explained diversification and how...
Read More
How to Budget Step 5 – Paychecks and Income

How to Budget Step 5 – Paychecks and Income

Budgeting
Your budget includes your income in addition to money you spend.  In my previous posts on the budgeting process, I...
Read More
What is Diversification and How Does it Work?

What is Diversification and How Does it Work?

Investing Money Basics
One of the key concepts used by many successful investors is diversification.  In this post, I’ll define diversification and explain...
Read More
How to Budget 4 – Expenses Not Paid Monthly

How to Budget 4 – Expenses Not Paid Monthly

Budgeting
Your budget won’t be complete unless you include all your expenses, including those that you don’t pay every month.  In...
Read More
Financial Decisions – Risk and Reward

Financial Decisions – Risk and Reward

Insurance Investing Money Basics
Almost every financial decision is a trade-off between reward and risk.  In this post, I’ll use three examples to illustrate...
Read More
How to Budget Step 3 – Setting Goals

How to Budget Step 3 – Setting Goals

Budgeting
Setting one to three realistic financial goals is critical to financial success.  In Steps 1 and 2 of this series,...
Read More
Financial Risk: An Introduction

Financial Risk: An Introduction

Investing Money Basics
Understanding financial risk is key to making sound decisions.  Many people don’t have a good grasp on what risk means,...
Read More
How to Budget Step 2: Tracking Expenses

How to Budget Step 2: Tracking Expenses

Budgeting
Now that you’ve found a system for tracking expenses for budgeting, it is time to start recording them in your...
Read More
The Scoop on Credit Scores

The Scoop on Credit Scores

Debt Money Basics
Credit scores are one of the most important financial numbers.  Credit scores not only affect the interest rate you pay...
Read More
Getting Started with Budgeting

Getting Started with Budgeting

Budgeting
I’m so excited you want to create a budget!  In my very first post, I outlined the steps I use...
Read More
6 Tips About Homeowners Insurance

6 Tips About Homeowners Insurance

Houses, Cars, Etc. Insurance
Homeowners, condo-owners and renters insurance policies cover you for loss or damage to your property and liability that emanates from...
Read More
5 Steps to Begin Your Investing Journey

5 Steps to Begin Your Investing Journey

Investing
The oldest rule in investing is also the simplest: “Buy low, sell high.”  While it seems blindingly obvious and begs...
Read More
When Is It Good to Pay Off Student Loans

When Is It Good to Pay Off Student Loans

Debt Money Basics
 This week, I’ll conclude the case study about Mary and her savings.  Her last question focused on whether to pay...
Read More
Retirement Savings/Saving for Large Purchases

Retirement Savings/Saving for Large Purchases

Investing Money Basics Retirement
In my previous post, I presented the first part of a case study that introduced Mary and her questions about...
Read More
Savings Framework and Emergency Savings

Savings Framework and Emergency Savings

Investing Money Basics
You may be thinking you’d like to get started with investing.  Before doing that, you’ll want to look at how...
Read More
Car Insurance Coverage

Car Insurance Coverage

Houses, Cars, Etc. Insurance
If you own a car, you buy car insurance coverage.  In the process, you have to make lots of decisions....
Read More
How to Balance a Checkbook: The Nitty Gritty Details

How to Balance a Checkbook: The Nitty Gritty Details

Money Basics
In my previous post, I discussed several different options to balance a checkbook, ranging from completely ignoring it to maintaining...
Read More
Balancing a Checkbook: Benefits and Risks

Balancing a Checkbook: Benefits and Risks

Money Basics
I was pleasantly surprised to see that some of my readers are interested in balancing their checkbooks to their bank...
Read More
Investment Options in Retirement Savings Plans

Investment Options in Retirement Savings Plans

Employee Benefits Investing Retirement
All investment decisions are a trade-off between risk and reward. In this post, I'll focus on how risk and reward...
Read More
Employer-Sponsored Retirement Plans: Types & Benefits

Employer-Sponsored Retirement Plans: Types & Benefits

Employee Benefits Retirement
Once you have the basics covered – food, housing, transportation and a few other things, saving for retirement is likely...
Read More
How to Choose a Health Insurance Plan

How to Choose a Health Insurance Plan

Employee Benefits Insurance
Now that you’ve learned about what is covered by health insurance from last week's post, I’ll help you choose a...
Read More
How Health Insurance Works

How Health Insurance Works

Employee Benefits Insurance
Health insurance is one of the most expensive purchases you will make every year, whether you buy it on your...
Read More
Fundamentals of Interest

Fundamentals of Interest

Debt Investing Money Basics
Interest is a basic financial concept. It applies anytime you borrow money or someone borrows money from you. You pay...
Read More
Financial Advice I Gave My Kids

Financial Advice I Gave My Kids

Kids and Money Money Basics
It is so important that kids learn about financial matters when they are young. Although we didn't have any formal...
Read More
Introduction to Budgeting

Introduction to Budgeting

Budgeting Money Basics
A budget is the foundation of your financial health.  Want to know if you can afford a vacation?  How much...
Read More
What Is a Real Estate Commission?

What Is a Real Estate Commission?

Syndicated
If you are in the market to sell your home, a good real estate agent is an invaluable asset. Agents...
Read More
Blue Chip Stocks: 9 Reasons Why You Need Them in Your Portfolio

Blue Chip Stocks: 9 Reasons Why You Need Them in Your Portfolio

Blog Posts
Blue-chip stocks are the ivy league of investment stocks. They are shares of companies known for steady cash flow, solid...
Read More
Webull Review 2021: What You Need to Know

Webull Review 2021: What You Need to Know

Blog Posts
Everyone should have an opportunity to build wealth. Learning the basics of investing and understanding the risks is an excellent...
Read More
12 Money Habits of Highly Effective Couples

12 Money Habits of Highly Effective Couples

Syndicated
First comes love, then comes commitment, then comes financial partnership. Individuals who come into a relationship with solid money habits...
Read More
How Swing Trading Can Propel Wealth Creation

How Swing Trading Can Propel Wealth Creation

Syndicated
The dirty secret of investing is that the traditional buy and hold portfolio is dead. Well, I’m exaggerating a little,...
Read More
Real Estate Stocks: What They Are and How To Invest In Them

Real Estate Stocks: What They Are and How To Invest In Them

Syndicated
It's funny how sometimes life can give small clues as to how you should be handling your finances. For example,...
Read More
The Most Expensive Stock – Is It Worth the Money?

The Most Expensive Stock – Is It Worth the Money?

Syndicated
Today we're going to discuss the most expensive stock on the stock market. But we'll also cover the rest of...
Read More
All About the Personal Financial Statement

All About the Personal Financial Statement

Syndicated
By keeping tabs on your finances, you can create a secure and fulfilling future. That’s where a personal financial statement...
Read More

Dead Cat Bounce: A Complete Guide

Syndicated
They say that what comes up must go down, but an equally true and less discussed phenomenon is that what...
Read More
How Much Do Real Estate Agents Make

How Much Do Real Estate Agents Make

Syndicated
If you’re considering starting a new career as a real estate agent, you’re probably wondering, “How much do real estate...
Read More
7 Tax Deductions and Credits for College Students

7 Tax Deductions and Credits for College Students

Syndicated
In the past 20 years, the cost of attending college has tripled and increased almost 8 times faster than wages....
Read More
Bitcoin ETF – How to Invest in Bitcoin and Other Cryptocurrencies

Bitcoin ETF – How to Invest in Bitcoin and Other Cryptocurrencies

Syndicated
It's been a dismal year for the economy. But one bright spot amidst the recession has been the explosion in...
Read More
House Hacking 2020

House Hacking 2020

Syndicated
My first house hacking was my first primary residence. Although I technically became a landlord, I didn’t consider myself a...
Read More
How to Become a Millionaire – 16 Dos and Don’ts

How to Become a Millionaire – 16 Dos and Don’ts

Blog Posts
It's no longer "Who Wants to Be a Millionaire" but how to become a millionaire. You don't have to be...
Read More
The Best Debit Cards for Kids to Teach Them About Money

The Best Debit Cards for Kids to Teach Them About Money

Syndicated
Giving your child a debit card can be an excellent way to teach them about money and budgeting early in...
Read More
12 Best Investment Apps You Might Not Know About

12 Best Investment Apps You Might Not Know About

Syndicated
Looking for the newest and best investment apps? We're here to help you find the perfect app to improve your...
Read More
10 Best Brokerage Accounts To Consider When Investing

10 Best Brokerage Accounts To Consider When Investing

Syndicated
When you are ready to start investing your money, choosing the right brokerage account is the key to reaching your...
Read More
5 Best Performing Stocks And What To Buy Now

5 Best Performing Stocks And What To Buy Now

Syndicated
2020 was a weird year for the world economy. Even more surprising has been the impact of the economic fallout...
Read More