The Basics of a Credit Report

Understanding what's in your credit report can help you improve your credit rating, lower the costs of borrowing, and fix any mistakes on your report. This post will help you understand the very basics of credit reports: what's in your credit report, who can look at it, how often you should look at it, and how it's created. Once you know these basics, you'll be ready to start improving your … [Read more...]

6 Homemade Cleaning Products

Keeping your house clean for cheap can be difficult if you're always buying commercial cleaning products. These 6 homemade cleaning products use simple ingredients that have been proven to work over time. They're not always as effective as the commercial products, but they'll get the job done most of the time. All-Purpose Cleaner Ammonia has been used as an effective cleaner for years. It's … [Read more...]

A Low-Cost, Diversified Investment Portfolio with Only Three Funds

You've heard it over and over, "Diversify your investments!" But how exactly do you do that? And how can you do it without getting complicated? This simple guide will show you how to diversify your investments with only three funds. Keeping It Simple & Low-Cost I'll be the first to tell you that this is not an "optimal" portfolio. It's not the best, but it's a lot better than a … [Read more...]

5 Ways to Retire with Less Investment Risk

In my last post, I talked about what really matters about investment risk. The basic idea was that meeting your retirement planning goals should have a higher priority than staying within your risk tolerance. If you invest in a "safe" portfolio but don't reach your goals, was it really a safe investment? I don't think so. But I also mentioned that there are some options if you don't want to … [Read more...]

What Really Matters About Investment Risk?

Investment risk is often defined as "the chance that the actual return from an investment may differ from what is expected". At least that's how most investing textbooks define it. Check the dictionary for risk and you'll see "the possibility of suffering harm or loss". That's probably closer to how most of us think about risk. But the problem is that both definitions really miss the mark on … [Read more...]