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What is the Most Efficient Way to Use Dollar Cost Averaging?

Equity and Long Term Bond Fund Performance Over Past 20 Years

Previously on Free from Broke, Glen has touched on the subject of dollar cost averaging as an effective way to buy new shares of mutual funds for retirement accounts (401ks and IRAs) several times.

Indeed, from an emotions and mathematical standpoint, dollar cost averaging makes sense.

Because of the simplicity and sensibility of the method, it is safe to say that there is a large amount of people who believe in and employ dollar cost averaging on a frequent basis to invest for retirement. So, after being convinced of the merits of this investing strategy, the important question then becomes…

What is the Most Efficient Way to Employ Dollar Cost Averaging?

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Motif Investing Review

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I had never heard of Motif Investing when Glen asked me to take a look at them and write up a Motif Investing review.  Having done so I’m really glad I’ve been made aware of this investment firm.

This is one of the most unique value propositions I’ve heard of for retail investors in quite some time.  If you ever plan to invest for your future retirement I think looking at Motif is a good idea.

What is Motif Investing?

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Renters Insurance Quotes – What You Need to Look For

Renter’s insurance may be the most underestimated of all insurance policies.

Many tenants assume that they don’t need renter’s insurance because any hazards will be covered by their landlord’s insurance—after all, they’re the ones who own the property, right?

Nope.

The landlord’s insurance will cover only what the landlord owns, and that will be limited to the land and the physical structures on it.  Anything inside the building that you own will be excluded by the landlord’s insurance company.

For that reason, you need to have renter’s insurance.

What You Need to Know Before You Get Renters Insurance Quotes

What do renter’s insurance plans usually cover?

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What Are We Laboring For Anyway?

You work hard at your job, don’t you?  We all do.

But what exactly are you working towards?  What are we laboring for anyway?

Money.  Probably benefits.  Not really much else.

Sure, there are some folks out there that truly love their jobs.  That is awesome.  But I’m afraid that isn’t the case for a vast majority of the working class.

You hear the cliche’s all the time.  “The 9-5 grind” comes to mind.  Who wants to go somewhere and be ground all day?!?

Fill in the blank with your own cliche _________________. Continue Reading

Have You Thought About the Costs of Being Self-Employed?

The dream of self-employment is something that has gained a lot of popularity in recent years.  Thanks to the Internet, almost anyone can start a side hustle from home.

Not only is it technically easy to become self-employed, it’s also relatively inexpensive — depending on the strategy you use.

A number of side hustles require only a computer and a fast Internet connection.  Even if you choose a more expensive venture, you can still save money by starting out at home.

Because of the ease involved, and the low startup costs that are possible, many would-be solopreneurs fail to account for other costs that they might run into.  While being self-employed works for many people, it isn’t the only satisfying career path.  And there are costs involved that you might not have thought about.

Some of the costs of being self-employed include:

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How to Create a Low-Cost Will

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Most adults, especially parents, know how important a will is. 

This one document can help determine who will raise your children in the event of your untimely death.  Die without a will and the state determines who will raise your children.  If your children are grown, a will keeps your estate out of probate and retains the inheritance for your inheritors, not the court fees probate generators.  A will can also curb fights over who gets what; your wishes are clearly written in the will.

Even though we all know wills are important, “a staggering 65% of adults do not have wills.”   When asked why, “a large number of people said that a will is too expensive and too complicated” (Mellert Law).

You may likely feel this way, too.  However, there are plenty of ways you can create your will without spending a lot of money.

Consider the following ways to create a low-cost will:

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What is the Student Loan Forgiveness Act and Is It a Good Idea?

Earlier this year a new bill was introduced to Congress called the Student Loan Forgiveness Act of 2012.

The potential legislation has some massive changes for the student loan industry.  Is this new student debt legislation a good idea or something that should be shelved by Congress?

What is the Student Loan Forgiveness Act?

The Act would make wide changes to the massive student debt load in the country.

In 2010 total student loan debt exceeded total credit card debt for the first time.  The Act is also in response to a poor economy: the idea is that former students are too cash strapped from paying their loans to spend any money in the economy and relieving them of this debt would greatly improve the consumer economy.

10/10 Payment and Forgiveness

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