(Photo source: tesla.com)

Like many of you stuck at home during the pandemic, I decided 2020 would be a good year to work on some home improvements. One of the largest projects I undertook was purchasing Tesla Solar. Tesla announced in September 2020 that they would be lowering the cost of their solar panels nationwide, indicating an aggressive push into the solar energy market after purchasing SolarCity in 2016. Always interested in Elon Musk’s latest products, I decided it would be a good time to make a leap to solar energy. …


It has been a couple months since we last posted due to some unforeseen personal circumstances. In the meantime, we have been working on a portfolio tracker spreadsheet that is accessible in Google Sheets. This spreadsheet allows you to enter your investment accounts and funds and track your portfolio’s monthly performance and important financial metrics. Check out our “Resources” page at the Freelanced Finance blog to read more or check out the tracker on Google Sheets here.

We will be continuing to write new blog posts and provide other free resources in the near future, so stay tuned!

Would you…


In America, the average household has $8,398 in credit card debt alone (see more here). That does not include student loans, auto loans, mortgages, etc. With some credit cards carrying interest rates of 15% and above, it is no wonder that financial personalities like Dave Ramsey have made a career out of helping people get out of debt. The fact that Americans carry so much personal debt indicates that it is highly common for people to live beyond their means. Say you are making $1,000 every paycheck but spending $1,500. It does not take complicated math to figure out that…


On Wall Street, the goal of every hedge fund manager is to outperform the market by providing superior returns for that manager’s clients. A good hedge fund manager generally aims to be an expert at identifying market risks, timing market opportunities to buy and sell securities, stay up to date on economic news in the US and globally, and ultimately maximize returns and minimize losses. Many hedge fund managers fail to accomplish these goals, and yet their investors pay a large expense to have their assets managed by the hedge fund. The same problem can exist with actively-managed mutual funds…


Christopher Nolan’s 2006 film “The Prestige” opens with actor Michael Caine describing the three steps of a professional magic trick.

“Every great magic trick consists of three parts or acts. The first part is called ‘The Pledge’. The magician shows you something ordinary: a deck of cards, a bird or a man. He shows you this object. Perhaps he asks you to inspect it to see if it is indeed real, unaltered, normal. But of course… it probably isn’t. The second act is called ‘The Turn’. The magician takes the ordinary something and makes it do something extraordinary. Now you’re…


Today we will be concluding the “Investing 101” series with Part 3, looking at the various types of investments available on the market today (to read Part 1 on the market, click here , and for Part 2 on types of investment accounts, click here ). It is a common but costly mistake to assume that once you have deposited your money into your investment account, it is automatically set up to earn returns for you. That may be the case with cash accounts (i.e. checking, savings, money market accounts, and CDs), but not so with retirement and brokerage accounts…


Financial institutions are in the business of making profits, leading to a constant stream of new products and offers made to consumers. With so many types of accounts and products out there, where do you begin? As with many things in investing, when you filter out the noise of marketing and promotions, most banks and brokerage firms offer many of the same foundational types of investment accounts under all the bells and whistles. Let’s look at some of the most important and popular types of investment accounts available to you today.

It’s first important to understand the difference between a…


In the last 20 years, the U.S. economy has seen some pretty extraordinary events: The “Dot-com Bubble”; the 2008 housing crisis; the longest bull market in U.S. history. And if that roller coaster was not enough, we were all greeted in 2020 by the COVID-19 pandemic that changed our lives forever. If you look at how the S&P 500 (the largest 500 public companies in the U.S., a common benchmark for “the market”) performed for any year in the last 20, you are going to see starkly different returns.

S&P 500 annual returns 2000–2019


In the next few blog posts, we will be diving into some of the basic and most important fundamental concepts of investing. Below is part 1 of our series on investing fundamentals. We will be looking at the market from 30,000 feet.

The terms “market” and “investing” can be ambiguous and confusing when trying to navigate the nuances and complexities of how to put your money to work. This only becomes increasingly so as new technologies, industries, and investing products emerge in our rapidly-changing culture. …


Did you know there are 75,708.24 drops of water in a gallon? If I asked an 18 year-old senior in high school to collect 1 million drops of water (~13.2 gallons) at a rate of 100 drops per month, it would take over 833 years to do it. Impossible, right? As a senior in high school, I was fortunate to be offered a life skills class. One of the topics we discussed was how to save money. I will never forget the guest speaker who explained that saving only $100 per month over several decades would make me a millionaire…

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