David Weliver

Nov 21, 2024 | moneyunder30.com | David Weliver

We’ve talked about why money management matters. But where do you begin? Start where you are. If you’re struggling to pay your monthly bills, it’s not the time to buy bitcoin. If you have credit card debt, don’t worry yet about investing in the stock market.

Nov 21, 2024 | moneyunder30.com | David Weliver

Unfortunately, most of us don’t learn how to handle money in school. We’re taught algebra and geometry, but not budgeting. You’re lucky if you had parents who modeled good financial habits, or even made an effort to teach them. But, for many of us, we’re forced to learn how to handle money on our own. And it can be expensive tuition. What’s worse: the system is stacked against you. Everybody wants your money. Especially those that touch your money.

May 14, 2024 | moneyunder30.com | David Weliver

I use an estimated average annual investment return of 6.5% (before inflation) when planning for my own retirement. I came up with this estimate based upon my individual investment portfolio, which is roughly 70/30 stocks and bonds. Your number may differ. When calculating how much money you need to save for retirement, you must estimate:How much you think we’ll spend. The average annual inflation rate. How much money you expect to get from Social Security.

May 10, 2024 | moneyunder30.com | David Weliver

I’ve worked many jobs in my 25-year career, but few were as eye-opening as being a sales rep at a Honda dealership. Approachable and easy-going, I wasn’t bad at selling Civics and Pilots. But I didn’t last long in the business because, frankly, I’m too honest. I can’t think of many professions that have a worse reputation than automotive sales. There are, of course, good people selling cars; I’ve known a few. But even they are beholden to the industry’s opaque pricing and high-pressure tactics.

May 9, 2024 | moneyunder30.com | David Weliver

Smart personal finance is about balancing needs, wants and saving for the future. The 50/30/20 budget is a memorable rule-of-thumb that can help you do all three. The 50/30/20 rule explainedThe 50/30/20 budget was reportedly conceived by Senator Elizabeth Warren and her daughter Amelia Warren Tyagi in their book, All Your Worth: The Ultimate Lifetime Money Plan 💰 , which they co-wrote back when Warren was still teaching at Harvard Law.