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Category: Finance 101

The Best Way to Build Generational Wealth for Kids? A Custodial Account

The Best Way to Build Generational Wealth for Kids? A Custodial Account

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When I think about the best financial gifts I can give my kids, it’s not toys, clothes, or even a college savings plan. It’s ownership. That’s why I believe a custodial account is one of the smartest ways to set them up for success. It’s simple, powerful, and most importantly it teaches them about money and investing at an early age so it becomes part of their foundation. What is a Custodial Account? A custodial account is an investment account…

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The $65,000 Car Loan Trap & How to Steer Clear

The $65,000 Car Loan Trap & How to Steer Clear

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A cousin of mine purchased a compact SUV, a couple of years ago. She didn’t have great credit, but she saw this as her chance to rebuild. If she made on-time payments, she could raise her score, gain stability, re-finance later and finally get ahead. However, the dealer was a shark, and my cousin? She was tonight’s dinner. They sold her a $35,000 car at an astronomical 22% interest rate, rolled in a few thousand dollars of debt from her…

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How I Got My 5-Year-Old to Love Investing

How I Got My 5-Year-Old to Love Investing

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Think five is to young to learn about investing? Think Again No, we’re not breaking down EBITDA or reading 10-Ks at bedtime but we are laying the foundation for lifelong financial literacy. Here’s how I’m introducing the stock market to my daughter in ways that are fun, age-appropriate, and actually sticking. Step 1: Start with what they know It all starts with connecting investing to their world. Kids don’t care about ticker symbols but they do love Disney, McDonald’s, and…

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40 Years, 3 Generations, and a New Approach to Financial Freedom

40 Years, 3 Generations, and a New Approach to Financial Freedom

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Note: I originally wrote this the weekend of my 40th birthday and Mother’s Day, reflecting on family, finances, and legacy. Life got in the way—but the message still hits. Glad to finally hit publish. I celebrated 40 years on planet Earth back home in NYC last Sunday on Mother’s Day. That weekend was full of reflection as I walked through my old neighborhood and enjoyed the cool breeze blowing off the water from the upper deck of the Staten Island…

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Top Money Moves for 2025: Unlock Financial Freedom Now

Top Money Moves for 2025: Unlock Financial Freedom Now

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I hope your 2025 is off to a fantastic and healthy start! At the beginning of each year, I like to drop a few nuggets that can help make the new year more prosperous than the last.  Looking back on 2024, the Best Money Moves article I shared still applies as prioritizing your health, getting out of debt, and shifting from saving to investing are timeless strategies that will positively impact your finances.  In 2025 it’s time to embrace new…

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Investing for Kids: Create Wealth and Teach Smart Money Habits

Investing for Kids: Create Wealth and Teach Smart Money Habits

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As parents, we want to give our kids every opportunity to succeed, including setting them up for a strong financial future. Investing for your kids at a young age is one of the smartest ways to achieve this. Whether it’s saving for college, teaching them about money, or building a long-term financial safety net, getting started early can accelerate their path to financial success. Why Start Investing for Your Kids Early? When it comes to building wealth, time is your…

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Best Money Moves for 2024!

Best Money Moves for 2024!

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Take Care of Your Health: Health is Wealth We often hear “health is wealth,” but let’s unpack that. While money is a powerful tool it can’t buy health or happiness. Prioritizing our health is crucial, not just for longevity but for the quality of life it brings. It’s about adding life to your years not just years to your life, enabling us to enjoy the fruits of our financial success. Money as a Tool, Not the End Goal Money itself…

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How to Get an 800 Credit Score

How to Get an 800 Credit Score

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My Story About 15 years ago, in my early 20s, I took my first leap into the world of credit with an Amazon rewards Visa card. Enticed by the checkout bonus, I felt a rush of adrenaline as I purchased with borrowed money. While I didn’t initially overspend, my understanding of credit was limited. I wasn’t always paying off my balance in full each month and soon realized how much money I was wasting on interest. That’s when I made…

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Growth Library: Five Books That Will Empower Your Financial Future!

Growth Library: Five Books That Will Empower Your Financial Future!

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Welcome to the Growth Library, your gateway to financial empowerment! Featured below is a specially curated list of five distinct books, some that veer off the beaten path, and aren’t typically spotlighted on conventional recommendation lists. Each of these books packs a wealth of knowledge guaranteed to supercharge your financial journey. So, without further ado, let’s get started! A quick note: The links you’ll find here maybe affiliate links. This means that if you decide to make a purchase through…

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