How to Find Solid Interest Rates for Savings

Been to a bank lately? If you’re a saver, there’s not much for you to smile about.RocketSavings

It’s frustrating, isn’t it? You work hard to save money, and then there’s nothing to do with it. While interest rates have been supposedly on a rising path, a quick look at comparison sites shows that there’s not much out there paying more than one percent.

Let’s look at some potential ways to earn better rates on   Continue reading this post >

A Beginner’s Guide To Buying Stocks

A Beginner’s Guide To Buying StocksStockMarketPencils

So you’ve decided that your craft isn’t exciting enough on its own and you want to buy individual stocks? Today I’ll help you with that. While we don’t give investment advice on this blog, I can help you open up your account and learn a little bit about research. We’ll also cover some of the big mistakes new investors make so that you’ll be well on   Continue reading this post >

Titles Matter – From Blog Posts to Financial Accounts

Wills and TrustsWhen I write anything I agonize over the title. Does it match the general mood I really hope to express? In my case, a poor title might cost me a few readers. But titles can matter much more in certain company. One art critic I know insists on being called “Mrs. X” instead of her first name. Another acquaintance, with a PhD in Philosophy, prefers to be called “Doctor   Continue reading this post >

The #1 Hack to Help You Spend Less Money

I’ll admit it…as someone who tries to be creative, I often find myself looking for the most extravagant way to handle any money management issue. Then I can hear the voice of my mother in my ear:

The simplest solutions are often the most effective.

Isn’t that true? I can’t believe that the secrets to managing money are often the ones right in front of me… while I’m busy creating chaos and complexity.

I’ll share my hack for spending less money in   Continue reading this post >

Do I Need Disability Insurance?

Reader Question: Do I Need Disability Insurance?

Autumn writes: Hi Miata, Our financial advisor is pressuring me to buy disability insurance. I have some through my day job already. Isn’t that enough?

Autumn, you’re right to question your financial advisor… not because disability insurance is unnecessary (I’ll tackle that in a moment), but because you shouldn’t ever feel pressured by your advisors. While advisors may disagree with you about a course of action, their job is to give you the data you   Continue reading this post >

Buying a House? Now Might Be The Time

I was reading a Yahoo! Finance story this morning about housing prices and saw that for the first time in a long time, prices might be falling. Are you looking for a house? Now might be the perfect time.

HouseinaBox

What’s happening with the housing market?

Let’s talk first about the market. You definitely don’t want to buy a home when the market is hot….and the trend is in a seller’s favor. But if   Continue reading this post >

How to Save Money for Retirement Tax Free

RothIRAIn our last newsletter, I shared some tips on picking the right investment for your goals. But for many of us, another big question is this: “Where do I actually hold my investments?”

Much like artists generally have themes that run through their work, a prevailing theme you’ll find in financial planning is, “take advantage of tax shelters whenever possible.”

What’s a Tax Shelter?

Right now, the concept of a tax shelter might be   Continue reading this post >

With Low CD Rates, Where Do I Save?

SavingLet’s face it, as artists, we take plenty of risks with our craft. We don’t need undue risks with our investments.

Looking at CD rates last week, there’s nothing to grin about. According to Bankrate.com, the average one year CD is paying 0.23%. Looking for a higher return? If you lock your money up for five years in a CD you still are only going to earn 0.80%

To use my son’s   Continue reading this post >

Be Careful With IRA Rollovers

Be Careful With IRA RolloversMan protecting his savings

Research.

Research plays a huge role in your art. Whether you’re exploring the motivation for a character you’re about to play, scouring the net for new textures and ideas for a painting, or digging into the history of any revolution for your next book, research is at the base of most artistic pursuits.

It’s the same with your financial decisions.

I mention this because while doing research,   Continue reading this post >