“Hey MyDobot, I’m 26 years old and already dreaming of retiring and traveling the world someday. How much money do I need to retire and make that happen?” Great question—and great that you’re asking it now rather than 20 or 30 years from now. Not only is it smart to start saving for retirement as … Continue reading Ask MyDobot: How Much Do I Need to Retire?
February 24, 2016
When you’re newly in love, wasting a date night talking about money is probably the last thing you want to do. But as the butterflies recede and you’re moving forward toward a future together, it’s time to have that first financial conversation—because if you don’t, you’ll regret it down the road. Student loans and retirement … Continue reading Talking Money With Your Honey: 4 Tips for Your First Financial Conversation
February 5, 2016
One of the most intimidating aspects of managing money is the (often nonsensical) financial jargon. It sometimes seems like advisors, economists and bankers speak a different language, fraught with financial terms like ‘diversification’ and ‘proprietary.’ And what about the baffling phrases like ‘stalking horse bid,’ ‘triple witching’ and ‘style drift,’ which call to mind strange … Continue reading 11 Financial Terms Worth Knowing in Order to Reach Your Goals
January 14, 2016
I was talking to a friend of mine recently about what we’re working on here at Dobot. Mike had a very successful career and now splits his time between his grandchildren and traveling the world with his wife. We were talking about how saving money and building wealth can be pretty tough, especially early in … Continue reading The Best (& Most Overlooked) Advice for Building Wealth