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Personal Finance By The Book

Personal Finance By The Book

Head and Not the Tail | What Does It Mean for My Finances?

August 13, 2021 by personalfinancebythebook Leave a Comment

You may be familiar with the bible scripture that says we should be the head and not the tail. While this scripture can refer to main things throughout your life, it is often brought up when talking about finances. There are a lot of terms used when speaking of finances, but this particular bible scripture […]

Filed Under: Biblical Thoughts On Finance, Dollars and Sense, Money

3 Approaches to Asset Allocation for New Investors

August 3, 2021 by personalfinancebythebook Leave a Comment

In the wake of Covid-19, many people have started to look into having multiple revenue streams. With the uncertainty many of us faced in early 2020, there is an added incentive to having multiple sources of income as well. One way to do this is to invest. Every good financial advisor will recommend using asset […]

Filed Under: Dollars and Sense, Investing

Is a SPAC a Legitimate Investment?

August 3, 2021 by personalfinancebythebook Leave a Comment

While SPACs are a legitimate investment for individual investors, they usually lose out on their investment. Most experts believe that SPACs, or blank check companies, are not a good investment idea. Special purpose acquisition companies are a relatively new trend. Because investors get their money back if the SPAC doesn’t find an acquisition target, it […]

Filed Under: Dollars and Sense, Investing, Money

Saving Money for Retirement with an HSA

July 15, 2021 by Bob Leave a Comment

healthcare

Your HSA is more than a savings account used to pay for qualified medical expenses. It is an account that you can use to boost your retirement savings.  Many people automatically assume that a 401(k) or other contribution plans are the only way to maximize funds for your retirement age. Your HSA can be just […]

Filed Under: Life Planning, Money, Retirement

What are the Pros and Cons of Masterworks?

July 12, 2021 by Bob Leave a Comment

painting

Masterworks is an art investment tool that charges high fees but allows the everyday person to own a share of a famous piece of art. It is an investment platform that uses the artwork as the investment portfolio.  How does Masterworks work? Masterworks works much the same way as any other investment platform. You choose […]

Filed Under: Dollars and Sense, Investing, Money

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