Mega Backdoor Roth IRA: Is It Really Mega?

The Mega Backdoor Roth takes investing in a traditional 401(k) to the next level for high-income earners. If you meet the eligibility requirements, you could stash an extra $41,500 for retirement in a Roth IRA. However, it’s complicated, and mistakes can be costly. Although the mega option is similar to the backdoor Roth IRA, they’re … Read more

How To Invest in Bitcoin in 5 Simple Steps

bitcoin illustration

The first known commercial use of Bitcoin was a purchase of two pizzas in 2010 by programmer Laszlo Hanyecz for 10,000 BTC, which is equivalent to roughly $400 million at today’s valuation. Most people had never heard of Bitcoin in 2010, and even fewer would have considered it an investment-worthy asset. But a decade later, … Read more

How To Buy Dogecoin in 2022

2021 was the year of cryptocurrency, with popular coins like Bitcoin and Ethereum growing to all-time highs. Of course, Bitcoin and Ethereum are somewhat “established” in the world of crypto, and hence their rise shouldn’t have been too big of a surprise. However, when it comes to investing in cryptocurrencies, there’s one coin that has … Read more

What’s the Difference Between Envy vs. Jealousy (And How to Overcome It)

What is the difference between envy vs. Jealousy? Envy and Jealousy are feelings we experience when we want something we don’t have. Envy and Jealousy can be destructive and can prevent us from achieving happiness. However, we can overcome it by understanding what they are and what they push us to do. Envy and Jealousy … Read more

What Is A Hedge Fund? A Jargon-Free Guide

If you’re confused about the question “what is a hedge fund?” you are not alone. Part of their allure is their exclusivity and secrecy. Hollywood only adds to that mystique in portraying hedge fund managers, such as the charming yet ruthless Bobby “Axe” Axelrod in the popular TV show Billions. While hedge funds are considered … Read more

What Is The Average Stock Market Return

Glad you asked that question. Talking averages are always tricky when you are talking about lumpy numbers. The average stock market return is the percentage change in the stock market value for one year or a period of years. Historically, the average stock market return has been roughly 10%, before inflation, annually, from the S&P … Read more