FYInance

The first thing about finance and investing is the financial goal and planning. If you are going to invest your money in something whether it be stocks, bonds, mutual funds, real estate or a business, you need to assess your financial goal first. Goals usually motivate people. So, we have made it our mission to stir some excitement among our readers and ask some of them what they would do if they had a sum of money, say $50k. We are going to do this regularly to make sure that people have not lost sight of what they are trying to work towards. By reminding them of their financial goals, we help keep them more motivated and enthusiastic about learning finance.

So, reader #1: what would you do if you had $50,000 today and tell us why?

“If I had $50,000 I would use the money to pay off part of my house mortgage and other debts. By doing this I could begin to plan my retirement earlier. Perhaps I could retire at 50. It would also help because I would be able to have a smaller house payment if I then refinanced on the remaining amount due. This would make my expenses easier during my retirement.”

We are very happy to learn that our readers are very money and finance conscious and already looking forward to planning their retirement. We, of course, have a ton of resources on retirement planning, IRAs and lots of information to help you invest your money and achieve your financial dreams. Retiring early is most people’s dream and you can definitely do that with good financial planning and following through.

If you're new to FYInance, we're going to make it worth your while to subscribe to our FYInance RSS feed. It will keep you up to date, on your terms!

We are excited to have this finance blog set up so that we can have a platform to discuss so many finance topics that we have been saving up for. There are so many important topics that we need to discuss, especially in this economy, that it’s hard to settle on where to start! So, we have taken a vote and the majority of the voters wants us to start with the basics.

However, many of our financial topics that we will discuss first may be technical for some people but stay tuned… we do have less technical stuff to discuss too.

What we have planned for

We plan to discuss stocks and the stock market, bonds, mutual funds, personal finance, retirement planning (including IRAs and 401k), annuities, dividends, CDs, life insurance, and much more! When relevant, we may mention tax treatments in our posts but in general, tax topics are not included within the scope of this blog.

There are plenty of finance posts to come! Stick around!