Right now, where is the best place to put your money? It’s important to make you are maximizing your money . . . and cash is king. There are more opportunities than you might realize. Michelle and Trevore will break down the different options and how they can serve your financial plan.
Personal finance is full of jargon, rules of thumb, and pithy sayings that are meant to inspire and educate.
Sometimes these sayings are helpful and sometimes not. Often they are not universally applicable but they can make sense in the right context.
One phrase that you’ve probably heard is “pay yourself first.”
The origin of the phrase "pay yourself first" (or PYF) is unclear. It is widely credited to the personal finance expert and author, Robert Kiyosaki (no affiliation or endorsement implied), who popularized the concept in his book "Rich Dad Poor Dad." However, the idea has been around for much longer, and similar phrases have been used by financial advisors for decades.
So what does it mean to pay yourself first and more importantly, is it a good idea?
As of lately, many people are interested in where to park cash amid rising interest rates, as well as the best options that provide the maximum benefits possible. In this week’s episode of Grow Money Business, Grant discusses the methodology of saving cash in your emergency fund and several other options for investing your extra cash.
Following along with the blogs of financial advisors is a great way to access valuable, educational information about finance — and it doesn’t cost you a thing! Our financial planners love to share their knowledge and help everyone regardless of age or assets.