How I Grew My Side Hustle By 300% During The Pandemic

A little Progress Everyday Adds Up to Big Results

If you know anything about me, you know that I always preach about passive income or having multiple streams of income. That coupled with my love for creating divinely scented candles kickstarted my desire to officially start my Candle Co. - UnOrthoDoc Candle Co.

I launched my candle company in June of 2018 and it has been a satisfying journey ever since. I am appreciative that people trust me enough to spend their resources purchasing my products and grateful to loyal customers who continuously show support through purchase or by spreading the word about my candles. What started as a passion project grew into a passive income stream.

I remember at the end of 2018 doing the income report and generating our profit & loss statement . It was a start but definitely not anything to call home about. I also remember my accountant mentioning that the income generated wasn’t enough to be called a business but more of a passion project, ouch. I took that as fuel to do better. In 2019 I doubled my efforts and spread the word about my candles more. I remember sending many free candles to dental offices and anyone I knew, just so they would have it in their hands, use it and hopefully see it’s value. I dabbled with the idea of attending fairs, festivals and symposiums but those ideas weren’t necessarily in line with the vision I had for my company. The vision for my candles are to become a fixture in homes and offices and become a mainstay in boutique dental offices around the country. Gotta think big!

With my efforts in 2019 also came the busyness of life - leadership roles at work, a very long daily commute, planning a wedding and life in general consumed a lot of my time. However, by the end of 2019 when doing our reports we had doubled our profits from the previous year, a whopping 100% growth.

Since 2020 began I decided to put even more focus on this business and worked on my marketing. Thanks to Skillshare, I was able to take courses that helped me to be more proficient in this area. I became more present on social media (Instagram, Facebook and Pinterest), utilized email marketing and word of mouth. By the end of Q1 of 2020 I made more from my side business than I did in all of 2019. The goal is to quadruple our 2019 profits by the end of this year.

All of this is possible with a little discipline, consistency and some strategy. If you have a desire to start a business or a side hustle you definitely can and should do it.

Here is How I Grew My Side Hustle:

1. Identifying Ideal Clients & Customers - Who is your target audience or Ideal customer? Who does your product serve? Answer these questions and you will have won half the battle. I started out thinking my ideal customer was going to be the 18-34 year old female that loves all things social media and self care so in the very beginning stages I spent most of my resources marketing to them. However, they weren’t the ones purchasing my products. It turns out that my ideal customer is the 30-60 year old female who values relationships, a personal touch and great customer service - many of which are not on popular social media channels like Instagram but favor Facebook, email or text message and thus my marketing shifted.

2. Being Consistent & Staying Fresh - There are so many things vying for our attention these days that not showing up is simply not an option. If you’re not present, showing up and being consistent for your customers they will not remember you. As the popular saying goes, “Out of sight, Out of mind.” I used to think posting consistently on social media, sending emails and reaching out to people to update them on products and sales were annoying. But I have come to realize that it is crucial. I am not saying inundate people with your content, but set up a system whereby you consistently show up. Perhaps that looks like posting to your social channels three times per week or sending out a weekly newsletter or monthly emails. Either way, you want to ensure that you are consistent. You also want to keep things fresh and not push the same exact thing, in the same way over and over. For my candle company it meant periodically revamping our fragrances, adding accessories to our store, introducing seasonal fragrances ( a scent for every season or occasion), adding pops of color to our normally classic white candles and offering discounts and free items to show appreciation.

3. Blogging - By creating content around your side hustle you are able to attract clients or customers who may also be interested in the product or service you are offering. For example, I have a blog where I often times speak on having a side hustle. I also offer my readers a Side Hustle Guide that can be downloaded for free, which comes with Side Hustle Ideas and 5 weekly emails that help the reader go from point A to point B in their side hustle journey. Throughout these posts and guides I make reference to my own journey with my Candle Company. My readers have not only gained valuable information on how to start a side hustle but have also become customers.

4. Collaboration - It is amazing the results that you get when you collaborate. Many people believe a collab has to be with “influencers,” or a large company backed by a PR group. Nothing could be further from the truth. Are there people you follow on social media who’s content, personality, product or service you love? Reach out to them and just ask the question. Collaboration comes in many forms and It’s a lot easier than you think.

5. Customer Service is KEY - It goes without saying, be kind, courteous and swift to respond to customer inquiries. I spend a fair amount of time responding to customer questions and reviews. If there is a question about a particular product, accessory or how to care for their candles we respond promptly and/ or direct them to resources accordingly. Every now and then we get customer requests for special orders which we try to accommodate. Our customers are why we are here and we earnestly thank them for their purchases and support.

If you are looking to start your own Side Hustle Journey, Grab The Side Hustle Guide Below.

When you sign up for the guide, you will receive:

• 10 page Side Hustle Guide

• Side Hustle ideas

• Side Hustle Workbook

• 5 weekly emails to Guide You

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from idea to profit e-book

My First Podcast Experience

Last year I considered starting a podcast after getting several requests from readers to implement an audio version of my posts so they could listen on their commute to work or while at the gym. The requests came with a lot of excitement because it was proof that people were reading my blog posts and found them valuable enough to want to listen. I showed the emails to my husband and like the supportive person he is, he immediately took to the internet to research and compare podcasting equipment. Within a week I was fully equipped with a microphone and headset along with a wealth of knowledge about podcasting platforms. I even subscribed to a few newsletters that offered information on starting and building a podcast. We recorded my first episode and I remember disliking the sound of my voice. Feeling discouraged I decided not to publish the recording and instead took a break with hopes of picking it back up later. As we know, time goes by quickly and I realized almost a year had passed.

It would be February 2020 before the idea of podcasting came up again. I had a format, a layout of topics to discuss and a short list of initial guests. After realizing how much work was required I once again put it down and expressed to my husband that my desire was to just be a guest on others’ podcast rather than have my own.

As the Universe would have it, about two months later I was contacted by Dr. Jessica Emery. If you’ve never heard of her, she is the owner of two 7-figure dental practices in Chicago (Sugar Fix Dental Loft and WhiteHaute) and is the creative genius of Dental Soiree, a Boutique Digital Dental Marketing Agency where she helps other dental professionals brand and market their businesses. She is literally a Jill of all trades and one of the very few people that I truly admire and thinks of as #goals.

During our conversation she mentioned she had been watching me on social media and was impressed with my endeavors and wanted us to chat. She then mentioned that she would be airing our conversation on The Dental Diaries, her podcast . This would be my first podcast appearance.

It was an honor to chat with her and a great way to experience my first podcast interview. In the episode we discussed my multi-passionate nature which includes Philanthropic projects, Candle Making, Blogging and Orthodontics - lending to the name The UnorthoDoc.

Click below to listen to the episode or search for The Dental Diaries on Apple podcast, Spotify or other podcasting platforms.

5 Natural Cycles of A Career

I was listening to a Podcast that made me pause and reflect on the different cycles in a person’s career and in life generally. It gave me pause as I consider and reflect on my own career life cycle.

It mentioned that, it’s natural to want to continuously push yourself to be better. As doctors we are competitive by nature. We are always striving to be the best. As business owners we aim to make in profits more than we did the previous year, to have a larger practice than the next person, etc. But, the podcaster urged listeners to slow down and realize that life happens in cycles and to often times pause and appreciate those cycles. Our relationships with each other whether friends or spouses change over time as we change and grow; the first date will be very different from the twenty first date, the first year of marriage will be different from the fifth year and so on. If we are speaking in terms of our businesses and practices, one that has been open for 6 months is going to be different from one that has been open for 6 years and 16 years.

Here are the cycles, with the analogy of an actor’s career:

1. Who is this Brad Pitt? - This is when you are young and just starting out in your career. You are trying to build a following/reputation or trying to get patients to trust you, but they don’t know you yet.

2. Get me Brad Pitt - You build a following or a patient base and become very successful.

3. Get me someone like Brad Pitt - You become even more successful, but people now aren’t able to afford you.

4. Get me a Young Brad Pitt - You are still very successful but you’ve gotten older and are being replaced by younger talent.

5. Who’s Brad Pitt? - Another generation has come about and you are no longer the household name. Someone else has taken your place.

Everything has a natural life cycle. We do not have to follow and worship the ones who push so hard, we can slow down and enjoy each cycle as we go through it. In practice, enjoy the quiet times and work on systems instead of growth . Seek Peace, not the rush.

Keeping Our Well-Being In Check

Exhausted. That’s the word that came to mind as I sat to write this blog post. It’s been a little over a month since we’ve been ordered to either quarantine or practice social distancing.

When the shut down first happened I was energized - doing all the things I normally wouldn’t have time to do, I was very productive. I also had a more optimistic and positive outlook. I deeply believed through cooperation and discipline we would identify a solution and develop a level headed plan of action since “we’re all in this together.” The last couple days have been disappointing, disheartening and just sad - Here are a few things we have witnessed the past few weeks 1)protests against the stay at home order 2)hatred towards health care professionals sacrificing their lives for the greater good 3)colleagues in my profession caring more about lining their pockets than the health and safety of their fellow citizens 4)destruction of many small businesses(slowly watching as they lose all they have worked for) 5) For some having to deal with the loss of a relative or friend from the virus. The never ending barrage of inconsistent news information creates moments of optimism and despair.

It’s been tiring. But every dark cloud has a silver lining. This entire process has driven me inward toward my true self. The roller coaster of emotions created a need for release which led me to journaling more. When I needed a pick me up I made playlists and had all out jam sessions, I read more and listened to books that were positive and uplifting and began incorporating effective ways to cope with stress. This period also gave rise to the wellness section of this blog - which I have been meaning to add but never seemed to find time to introduce.

Wellness is more than being free of illness. It’s being in total balance with your outer and inner world. This matters because everything we do and every emotion we feel relates to our well-being. In turn, our well-being directly affects our actions and emotions. Therefore, it is important for us to achieve optimal wellness in order to alleviate stress, reduce the risk of illness and ensure positive interactions.

Here Are The Eight Dimensions of Wellness:

• Emotional - Understanding our feelings and coping with stress.

• Financial - The process of learning how to successfully manage finances, as money (or lack thereof) plays a critical role in anxiety, stress and the ability for us to care for ourselves.

• Environmental - Inspires a lifestyle that is respectful to our surroundings and promotes interaction with nature on a personal level.

• Intellectual -  Involves open mindedness and the continuation to expand our knowledge. It encourages active participation in scholastic, cultural and community activities.

• Physical - Maintaining a healthy body through eating well, resting and exercise.

• Occupational - Is about enjoying occupational endeavors and encourages satisfaction and enrichment in one’s life through work.

• Spiritual - Allows us to develop values that help us seek meaning and purpose.

• Social - Encourages networking with peers and cultivating relationships (both intimate and platonic).

It’s no wonder most of us are out of balance, the inability to work either by quarantining or the loss of a job can affect our occupational, intellectual and even social wellness. The suspension of work creates a change in our financial wellness which causes stress and in turn affects our emotional wellness. The addition of lives being lost can also have us question our beliefs and negatively impact our spiritual wellness.

By now we have seen a myriad of guides, tips and how-to’s for getting through this quarantine period. While our occupational wellness might be off kilter there are still several ways we can maintain some semblance of balance. When I published the blog posts titled Guide to Social Distancing & Quarantine ,Coping with Stress and Balancing Productivity and Self Care, I made sure to tout practical ways to keep our health and well-being in check - such as keeping a routine, taking online courses, journaling and exercising. These all feed different aspects or dimensions of our well being that shouldn’t be ignored.

I truly hope all of you, my readers, are doing well during these tough times. Stay encouraged and find solace in knowing that we really are in this together - although it may look different for us all. We will all come out on the other side, and in some ways better than before. For words of love or encouragement,feel free to reach out below in the comments, on IG or via email.

Student Loan Relief During Coronavirus (COVID-19)

*Updated on December 9, 2020

On August 8, 2020 The US President signed an executive order suspending student loan payments until the end of the year! This is a pretty big deal. During the height of the pandemic this was especially helpful to many of us since income was decreased and unemployment rose. If you follow me on social media (Instagram), you may have seen my most recent IG Live with Millenial Money Coach Jolene Stahn (She paid off $200K Student loans in 3 years) to speak on all things student loans. I briefly spoke about what I did with my money this year that would have gone towards student loans and how I plan to tackle it once repayment resumes. In a nutshell, I suggested taking advantage of this time of no payments and no accrued interest by putting the money you would have paid towards your student loans in a high yield savings account where your money would grow over the next several months. I also suggested putting money into a short term investment vehicle where more aggressive growth can be achieved. This way, once you’re required to start paying again you can put lump sums of money down and really put a dent in your loans.

Here are the details of the executive order:

Most of us are facing reduced or slashed income due to the coronavirus. Keeping up with bills may become increasingly challenging especially for those of us with federal student loans. Recent legislation via the Coronavirus Aid, Relief and Economic Security (CARES) Act passed by the federal government is offering support and some relief for borrowers.

1.Payments on Federal Student Loans are Suspended Through December 31, 2020 (was September 30, 2020)

Payments on most federal student loans have been halted until December 31, 2020. Interest does not accrue during this time, and not making payments will not hurt your credit. Each suspended payment will be reported to the credit bureaus “as if it were a regularly scheduled payment,” according to the text of the bill.

The following types of federal student loans qualify for payment suspension.

• Direct Unsubsidized Loans

• Direct Subsidized Loans

• Direct PLUS Loans

• Direct Consolidation Loans

• Federal Family Education Loans (FFEL) held by the federal government

• Federal Perkins loans

2. Some Private Student Loan Lenders Are Offering Relief

Unfortunately, the CARES Act doesn’t cover private student loans, including any federal student loans you refinanced through a private lender like Earnest, SoFi, Laurel Road, CommonBond, etc .

If you are not able to make payments on your private student loans, contact your lender as they may be willing to work with you by offering a forbearance, which will temporarily suspend your payments, prevent your loans from defaulting, and protect your credit.

Check out other student loan refinance options here.

3. Suspended Student Loan Payment Count Towards Forgiveness

Under the CARES Act, months in which payments on qualifying federal student loans are suspended will count toward loan forgiveness for borrowers who are pursuing it.

Federal student loan borrowers may be eligible for loan forgiveness through one of two programs:

• Public Service Loan Forgiveness (PSLF) promises to erase (tax-free) the remaining balance on federal Direct loans after you make 120 qualifying monthly payments while working for the government or a qualifying nonprofit.

• Income-driven repayment plans, of which there are four, cap monthly payments at 10%, 15%, or 20% of your discretionary income. They also stretch your repayment timeline from 10 years to 20 or 25 years. If you have a balance remaining after this extended repayment period, the rest is forgiven (but it’s taxed as income).

4. Student Loan Collection & Garnishing Tactics Have Been Suspended

If your federal student loans are in default, that is if you’re 270 days (or more) behind on your payments, the government can no longer garnish your wages, tax refund, Social Security checks, or other federal benefits in order to collect what you owe. Additionally, the Department of Education instructed private collection agencies to stop contacting borrowers by phone or mail.

5. Employers are Incentivized To Help Pay Student Loan Debt

The CARES Act allows employers to make tax-free payments of up to $5,250 in 2020 toward employees’ student loan payments. Employers can make these payments to employees or directly to their lenders.

PS: The above information is accurate as of August 12, 2020 (was April 3, 2020). As the COVID-19 Pandemic is a rapidly changing situation, it is important to stay current on updated government regulations. The federal government has an FAQ page for students, borrowers and parents that is continues to be updated.

Although the above solutions offer temporary relief from your student loan obligations, you will need to get back on track after December 31st. If you need help figuring out steps to tackle your student loan debt, I highly recommend Travis Hornsby of Student Loan Planner. Being a healthcare professional and having gone through specialty training, I have a lot of student debt. Travis has helped me figure out a strategy to get rid of student debt in a specified amount of time and is saving me thousands of dollars! Schedule a call with him to analyze your situation and and get clarity so you can devise a plan of action to get rid of student loan debt once and for all.

Balancing Productivity and Self Care During Quarantine

As we continue to quarantine/practice social distancing and adjust to the new normal of being at home I aim to be as productive as possible. With all this newfound “free time” and not being able to work as an Orthodontist, it seemed like an appropriate time to occupy my days with things that under normal circumstances I wouldn’t have time for. Most of my time has been spent blogging, working on things behind the scenes of this platform, and taking courses on Coursera and Skillshare on a variety of topics ranging from epidemiology, entrepreneurship, and digital marketing/branding. I have also been catching up on continuing education classes, joining zoom conference meetings, working tirelessly in the candle shop (which surprisingly has gotten a lot busier since the shut down), updating (and engaging) on my social media platforms and helping to home school my niece. It has all been tiring and I found myself drained this week.

I shared this on my Candle Company’s Instagram yesterday because this is how I felt. I needed to check in with myself.

UnOrthoDoc Candle Co. Instagram

It’s easy to separate your work life from your home life. But finding and maintaining a balance between the two can get difficult. With the COVID-19 outbreak, a lot of us are working from home - which means the line between work and home has been blurred. A healthy work-life balance is important to address any stress or anxiety you may have.

I am not a parent but with the experience I have with home schooling my niece, I feel for the parents who have to balance working from home and educating their kid(s). Shortly after making my niece breakfast and getting her settled in to start her school work, my first zoom meeting began but she still required quite a bit of help. I found myself multitasking - helping her with school while trying to pay attention in my meeting. During this time her teacher called (as she does everyday) to recap the morning lesson for the day. The first zoom meeting ended and another one started just as we were scheduled to begin her science session. After my meetings, I fulfilled about a dozen orders from my candle company, ran the packages to the post office, returned home and made lunch(whew!). I was so exhausted afterwards that I ended up taking a 2 hour nap.

While it may seem counterintuitive, taking breaks while working can increase productivity and creativity. It allows your mind to refresh itself after the stress and exhaustion of being “on” for hours. Similarly, taking time away from your desk can shape you into a more well-rounded professional.

With everything going on because of the coronavirus crisis – working from home, finding new routines, and a staying up to date with all that is happening – it’s difficult not to feel overwhelmed. But that doesn’t mean we can’t handle it. Think of this as an opportunity to take control of your stress. While it may impact us all differently, it is important to manage and reduce stress to live a happier and healthier life. Stress is not limited to work, school or family. It is all-encompassing and can be both positive and negative. The best thing to do is to identify the stressors in your life and address them.

I shared this on my Instagram yesterday. At the end of the day, I was happy to have completed my tasks ,even if they weren’t done to perfection.

The UnOrthoDoc's Instagram

While accuracy and precision are crucial, perfection cannot be an expectation.  Mistakes can happen and should not be something you dwell on. Instead, you should take those situations and turn them into lessons.

Today I am finding balance. I am still being productive but also keeping stress at a minimum.

These are the ways I am balancing Productivity + Self-Care:

• I am taking classes on Skillshare - This is an online community of educational tools to spark creativity. Learn new skills like photography, digital marketing, calligraphy, etc. You will get your first 2 months free by using this link. Use your computer or download the app to your phone.

• I am taking courses on Coursera - This is an online learning platform where you can build skills by learning from Top Universities including Yale, Harvard, Michigan, UPenn, etc. Sign up using this link. Access courses using your computer or download the app.

• I like to cuddle up and relax with a great book. I am currently reading two books, The Upside of Being Down, which seems to be quite fitting for the current atmosphere, and Jessica Simpson’s Open Book which is surprisingly very good!

• Taking naps - I am listening to my body and shutting it down when I feel it’s time to take a break. Besides, taking naps increases energy, helps you to be more productive and can fuel creativity.

• I don’t always make it outside for a run but I try to stay active with the FitOn app. Some days I do hard core cardio and HITT and other days I take it easy and only manage to do a yoga session.

• Affirmations and quotes get me through tough times. I am a big fan of Lalah Delia and currently reading her book and using affirmation cards from Starlight + Love.

• Warm bubble baths and candles - At least once or twice per week, I draw a warm bath, light a candle and relax. Candle light elicits calm is soothing and has the ability to help in reducing stress (depending on the fragrance). The warm bath helps muscles to relax and stimulates blood flow.

• While it may seem that there is no point in planning, I know there is a light at the end of this tunnel and so I continue to plan. I also keep myself organized by planning my daily activities: blogging, scheduling posts, meeting and conference calls.

In the spirit of transparency: This post may contain affiliate links.

The Great Escape to Cartagena, Colombia

When a colleague of mine invited me on a ladies trip to Cartagena, Colombia, I without hesitation said yes! As I mentioned before, I love to travel! Any opportunity to experience a new place and culture is always a go in my book. We spent four days in beautiful Cartagena, exploring the city, submerging ourselves in the culture, enjoying the amazing cuisine and even finding time to participate in a community service project. The entire experience was amazing and I can’t wait to visit again with my husband in tow.

I have to admit, I almost didn’t make it on this trip. Our itinerary was set 6 months prior but just as we were scheduled to leave, the Coronavirus (COVID-19) was made a pandemic by the World Health Organization (WHO). I made the conscious decision to proceed with the trip despite family recommendations. The airline that had a 7 hour wait to cancel flights so by the time anyone answered we would have been half way to Colombia. In hindsight, I am glad I didn’t cancel because it was such an amazing experience.

Weekend Cartagena Itinerary

Thursday

We arrived at the Rafael Nunez International Airport in Cartagena (CTG) around noon where there was about a 45 minute wait to get through customs, but one of the ladies on our trip mentioned that it is usually a breeze to get through and the delay may have been due to coronavirus precautions. We were then taken to our hotel via private transport.

Where We Stayed:

We booked our stay at Allure Chocolat hotel by Karisma, a beautiful four-pearl boutique hotel set in the heart of Cartagena within walking distance to the historic walled city center and Getsemani. When we arrived however the manager informed us their computer system crashed and the reservations were cancelled. They instead had us stay at their sister property Allure Bon Bon hotel by Karisma, a short four minute walk away. The Bon Bon was a smaller hotel but just as amazing and we were able to enjoy the amenities of both hotels including all meals (free of charge) in addition to being refunded a night’s stay - Win! We enjoyed an amazing lunch at Allure Chocolat’s Restaurante Red Knife before freshening up and heading out for an incredible horse drawn carriage ride tour of the walled city and a scrumptious seafood dinner at El Santisimo.

Restaurante Red Knife - This is the restaurant of our main hotel where we enjoyed lunch everyday. They have 4.5 star rating on trip advisor and the food is amazing. If you end up here, try the grilled sea bass or salmon.

Restaurante Red Knife

The Bread was amazing

Sea bass with creamy yuca & casserole jus - divine!

Horse Drawn Carriage Ride/Tour - We booked our horse drawn carriage tour of the walled city through Panamericana. Our bus picked us up at our hotel around 7pm and took us to the meeting point to board our carriages. Our tour took us through the walled city where we enjoyed street vendors and the well lit night scenery. We window shopped all the boutiques and shops from our carriage and were even entertained and serenaded by local artists. Our english speaking tour guide was amazing even though it was challenging to hear him over the horse trotting.

El Santisimo Restaurante - This is where the tour ended and where we had dinner. It is rated 4 stars on trip advisor but I could easily give it 5 stars. We enjoyed various seafood dishes that were all very fresh and seasoned to perfection. The restaurant also carries chicken and beef dishes to suit any palate. An inviting atmosphere with excellent service - the food was the best I’ve had in ages.

I do not remember the names of these dishes but they were all delicious! The menu on their website has not been updated so I can’t recommend the dishes by name, but rest assured they were all delicious.

Friday

This day was filled with exploration and adventure. The great thing about Cartagena is that almost anywhere is accessible by foot. We explored the neighborhood of Getsemani - the hip new community for soaking up local culture. Pizzerias and casual bistros serving up Colombian staples line the streets, which are well known for their vivid murals. Local artists and residents decorate the streets to bring an exquisite experience. Brewpubs, cocktail bars, and Salsa bars keep the party vibe going.

I really loved the colorful doors throughout Cartagena and learned about the significance of the door knockers. “A tal casa tal aldaba,” or “To each house its door knocker” refers to the practice of displaying a resident’s social status or profession on their front door through the design of its knocker. A knocker shaped as a fish or other sea creature meant the owner of the house was a member of the sea merchant community, or some other trade related to the sea. Lion head door knockers represented members of the army, militia leaders, and other protectors of the city. The clergy, meanwhile, marked their homes with knockers in the shape of hands. A home with a lizard-shaped knocker were those of high society members, typically with some kind of royal connection. In all cases, the size and quality of the door knocker was also demonstrative of the resident’s social status: If you wanted to show off your credentials to passersby, only a finely crafted big brass knocker would do.

When you walk through this close knit community you’re greeted by vibrant depictions of Caribbean life displayed on the crumbling stucco walls of authentic Spanish Colonial buildings. Almost every street is lined with Getsemani Graffiti with bright murals showcasing culturally significant images from the historic to the modern.

Actual mural of this Getsemani local painted by a Getsemani local artist.

As afternoon approached we headed back in the direction of our hotel to freshen up and get ready for our community service project - but not before having another delicious meal at Restaurante Red Knife.

After lunch we got ourselves freshened up and packed our luggage filled with dental supplies including toothpaste, toothbrushes, mouth rinses and floss. In addition we had school supplies including book bags, pencils, erasers, sharpeners, crayons, folder pages, puzzles etc to give to orphans of the orphanage located in La Boquilla. It was a deeply satisfying experience. It was the first time this orphanage had ever been visited from the outside and the first time that they’d ever received donations. The pastor was so thankful and grateful. This is easily one of the most memorable moments of the trip.

The experience of visiting the orphanage and giving back to the local community touched us all so deeply that we decided all of our travels together will have some purpose to it and bear a humanitarian side. Our travel group is now called Travel On Purpose (TOP).

After our community service project we took a historical walking tour where we learned all about the history of Cartagena and shopped for emeralds, coffee and chocolate.

Did you know that Colombia mines and produces the most emeralds for the global market. It is estimated that Colombia accounts for 70-90% of the world's emerald market. The more you know!

Saturday

This was an early day, as we took a break from the busy city life to venture out to Rosario Islands. Our day started at 7:30am - our bus picked us up at our hotel and took us to the coastal town of Barú where we were whisked away by speedboat to the beautiful and picturesque Rosario Islands where we swam, snorkeled, sun bathed and enjoyed the local cuisine.

The boat ride going to Rosario Islands was smooth but the return was treacherous! The ocean was really rough and I acquired some bruises from holding on for dear life. Tip: If you do venture out to Rosario Islands, go very early and leave before 2pm. If you leave any later the seas may be too rough for you to return to Cartagena resulting in you spending the night on the Island.

Sunday

This was our last day in Colombia, it was bittersweet but we woke up early so that we could enjoy our last beautiful sunrise and delicious breakfast at Allure Chocolat. After breakfast we lounged around a bit before we were picked up and taken to the airport.

Entrance to the walled City. I sure will miss this view.

The next day Colombia closed their borders and travel in and out of the country was banned in light of the Coronavirus. We got out just in time.

Overall, I am very happy that I didn’t cancel this trip to Cartagena. I would go back in a heart beat! I am also happy to report that we have been back from our trip for 17 days and are all symptom and virus free. My husband and I are already planning to visit once the borders have re-opened.

Healthy Ways to Cope During Times of Stress

The COVID-19 global pandemic has affected everyone tremendously in some way or another. A close friend of my mother recently passed from the virus and it has since sent ripples through our families. The seriousness of the virus has always been known but it’s very different when it hits close to home, and even though focus has been given to the physical effects (and rightfully so, with the death toll rising by the day), it goes far beyond that. This period has been very heavy - mentally, financially, physically and especially emotionally.

In what seems like a flash, our lives have changed drastically. We have all been ordered to quarantine and/or practice social distancing, but what does this truly mean? Daily life as we know it has come to a screeching halt and we all have been trying to adjust to this new normal. Many small businesses have closed their doors, seeing years of hard work dwindle with much uncertainty of whether they will recover from this financially. The employees of said businesses have been laid off, and while the government has put together a stimulus package that will offer some temporary relief in the future,the idea of job security is no longer in place. Mothers and caregivers have had to adjust to this new normal of home schooling their children since schools are closed for the remainder of the school year - this is quite an adjustment for any child. Many children will struggle to find an equal footing in the current educational system, as the ability to have access to the internet or a computer will greatly determine which children learn and which do not. 

There is growing anxiety as we try to keep our loved ones safe by taking every precaution to not contract the virus and spread it; wash the hands (frequently), clean the countertops and high touch surfaces, quarantine, social distance but don’t confuse them with self isolation (see the quarantine guide here). Going to the grocery store is nerve wracking and every cough or sneeze gives us pause. We inhale and hold our breaths and check for signs of chest pains and sit in saunas because we’re told heat/steam has an effect on the virus. All this has been unsettling and the impact has us all feeling a bit less than our normal selves.

In spite of it all, we must first find ways to cope and manage the stress of our situations. Here are a few things that I’ve been implementing that helps:

• Develop and keep a routine to establish some semblance of normalcy.

• Keep a Journal: Spend time with yourself and write about how you’re feeling. It’s normal to feel worried about your health, safety and that of your loved ones - If this is triggering anxiety, put it down on paper. Also practice gratitude - you are safe, healthy with a roof over your head and food to eat. Consider yourself fortunate.

• Read a book or listen to music : Do things that help you to relax, this is great for your mental health. Zoning out with your favorite book or listening to your favorite podcast or music playlist will make the time go faster and help with easing anxiety.

• Minimize social media and news intake: Be fair and honest with yourself about your feelings. Also, let facts inform your reactions and feelings (not fear). If the news and social media is causing anxiety or depression, consider unplugging for a day or two. If you consider that extreme, try limiting your access to credible news websites that you check once or twice per day.

• Keep in touch and spend time with people you love and care about: This is important more than ever, Don’t isolate. In an effort to stay connected, you can use FaceTime to interact with family and friends or even reach out and engage to your people on social media. You can have Instagram lives, google hangouts or even start a book club.

• Exercise: Keep moving. Go for a 15-20 minute walk or run outside and fill up on fresh air. When you’re inside stretch, do yoga or participate in virtual workouts.

• Fill your mind with positive resources and stories to keep yourself upbeat: Daily affirmations are a good place to start. I use starlight and love affirmation cards and daily readings from Lalah Delia.

Try to keep fear and anxiety at bay and develop coping skills to manage and get through these tough times. We are all in this together. May we come out of this evolved and stronger than ever.

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Managing Job/Career in light of the Coronavirus

On March 11, 2020 the Coronavirus (COVID-19) was declared a global pandemic by the World Health Organization (WHO). The entire country (and world) was put on lockdown and instructed to quarantine and/or practice social distancing to avoid further spread of the virus.

We are all feeling the impact of this virus in some way or another. Some are being laid off from their jobs and businesses are shutting their doors without certainty of when they will be able to re-open after the quarantine period. Dental offices in particular are being told by state boards to remain closed for a period of 3 weeks to 3 months.

Those individuals who have been released from their jobs are taking to job boards to send out applications for new positions. Sending out job applications online now may be very challenging because most companies have instituted a hiring freeze resulting in wasted time and energy.

If you’re experiencing frustration surrounding your career, I want you to pause. Now is the perfect time to start reflecting and going inward.

Ask yourself: Are you passionate about your job/career? You may be a software engineer,a lawyer or even a dentist by trade but is this what you really want to do? Does this bring you joy? Are you clear on your vision and the impact you want to make in the world? If the answer is not a resounding YES, take this time to evaluate your current position. While at home we have an opportunity to reflect on our purpose and strategize so that any career or job change efforts are made with clarity and intention.

Things To Get Clear On:

1. Who you are and what you want.

2. Your values and what you stand for

3. Your strengths AND how you want to leverage them in the next job.

4. Your weaknesses and blind spots so that you can speak to them authentically and tackle them with intention.

5. The impact you want to make in the world.

Managing Stress

At this time you may be feeling pressure to change jobs or career, especially if you’ve been laid off or if you feel the industry you are in will be slow to recover. If you are one of the lucky ones you have stored away a 3-6 months emergency fund to buy you some time to figure things out. We must first figure ways to cope and manage the stress of our situations. Here are a few tips.

• Keep a Journal: Spend time with yourself and write about how you’re feeling. It’s normal to be worried about your health, safety and that of your loved - If this is triggering anxiety, put it down on paper.

• Read a book or listen to music : Do things that help you to relax, this is great for your mental health. Zoning out with your favorite book or listening to your favorite podcast or music playlist will make the time go faster and help with easing anxiety.

• Minimize social media and news intake: Be fair and honest with yourself about your feelings. Also, let facts inform your reactions and feelings (not fear). If the news and social media is causing anxiety or depression, consider unplugging for a day or two. If you consider that extreme, try limiting your access to credible news websites that you check once or twice per day.

• Exercise: Keep moving. Go for a 15-20 minute walk or run outside and fill up on fresh air. When you’re inside stretch, do yoga or participate in virtual workouts.

• Fill your mind with positive resources and stories to keep yourself upbeat: Daily affirmations are a good place to start. I use starlight and love.

Continue To Build Connections

Building authentic connections is one of the best ways to make a job/career change. You can spend less time applying to random jobs online and find opportunities through people you trust and connect with. Although it may seem difficult to “network” physically right now there are other ways to connect. Utilize platforms like LinkedIn, Facebook and even Instagram through online communities. Start with your immediate network of friends and colleagues. Scheduling time to connect with others and openly sharing your career struggles and goals is something that will keep you productive and heading in the right direction – even when it seems like things are at a complete standstill.

These are difficult times and many of the circumstances are out of your control. I repeat – the circumstances are out of your control. The only thing you can control here is your mindset and how you respond to the circumstances.

Do what you can to stay healthy - physically, emotionally and mentally. A job/career change during uncertain times can be challenging but don’t give up. Keep doing the work that’s required to get you there.

Oral Care Tools Every Invisalign Wearer Needs for a Healthy Smile

When wearing Invisalign, or any other clear aligner for that matter, it is required that patients not only wear their aligners all day and night (at least 20-22 hours per day) but the treatment plan also necessitates impeccable oral hygiene. So may patients struggle to stay on top of this task, so I have gathered some oral care tools every clear aligner patient needs.

1. Toothpaste – There are so many products to choose from! The typical Colgate and Crest products are always great! Recently some of my patients have been inquiring about fluoride free options to which I usually recommend Risewell or Boka. However, as long as you are brushing with an anti-cavity toothpaste and doing so efficiently you are on the right track.

2. Toothbrush - You’re going to need to keep a toothbrush handy. You will be wearing the aligners all day, and removing them to eat or drink, plaque will build up fast. You can keep a toothbrush in your purse/book bag, in your desk drawer at work or even in the car. I typically recommend a travel toothbrush or Quip toothbrushes as they are electric but very light weight and easy to carry around, the holder also acts as a sanitary toothbrush cover so it acts as a travel toothbrush.

3. Floss – What’s brushing without flossing? Needless to say you will need to floss. To be honest, as long as you’re flossing that’s a plus in my book, but a product I would recommend is Risewell’s floss as it’s infused with hydroxyapatite so it will deliver some anticavity protection for those hard to reach interproximal areas.

4. Mouthrinse – Once again there are many options! Listerine is a household name that is great. However, I typically recommend ACT to my patients, it’s a fluoride mouthrinse that helps to protect teeth from demineralization (which causes cavities) with an added bonus of being alcohol-free so there won’t be that burning sensation that you feel with other mouthrinses like Listerine. One that I have recently started recommending to my Orthodontic patients is Colgate Ortho Defense.

5. Aligner cleaner like Ever Smile White Foam or Retainer Brite are very good at keeping the aligners clean. Ever Smile is a minty foam made with hydrogen peroxide that is spread on your aligners and put directly back in the mouth. The hydrogen peroxide destroys bacteria that causes bad breathand tooth decay and you get the added benefit f some whitening over time. Retainer Brite is great as well, they are dissolvable tablets that you place in a cup of water , you will need to have the aligners sit for about 30 minutes. 

6. Aligner Seater like Chewies or Dental Movemints. Movemints are mints that fit your clear aligners. Use them to seat trays, freshen breath, and fight dry mouth during the Invisalign smile journey. Sugar-free and sweetened with xylitol, Movemints are safe to eat while you wear your aligners!

NOTE: DO NOT to use toothpaste or a mouthrinse on your aligner. The toothpaste is abrasive and will leave scratches which act as a trap for plaque and the mouthrinse can change the color of your aligner. 

Guide to Quarantine & Social Distancing

What is The Difference Between Quarantine & Social Distancing?

According to the CDC, quarantines are meant to restrict the movement of people who may have been exposed to a contagious disease to see if they become sick. These individuals are typically asymptomatic but have either traveled to an area with an active outbreak of the virus, or have had close contact with a laboratory-confirmed case of the Corona VIRUS (COVID-19). Self-quarantining allows health officials to closely monitor the development of symptoms, if any, while preventing further transmission of the virus. Those who are asked to self-quarantine are told to stay home and avoid contact with others for 14 days.

Given concerns about the spread of the virus, many are choosing to proactively avoid public places even if they are not sick. This is what the CDC defines as “social distancing’ or the act of avoiding locations or situations where close contact with others may occur. Unlike those who have self-quarantined, these individuals have not been exposed to the virus and are simply attempting to reduce risk of infection.

What to Do if You’re Quarantined or Practicing Social Distancing

1. Keep a morning routine.

   Wake up, take a shower and have a healthy breakfast

2. Simulate a morning commute and incorporate exercise

   Go for a 15-20 minute walk or run outside and fill up on fresh air.

3. Have a dedicated Workspace

   If you’re working from home, have a dedicated workspace in your house to provide for some work/life separation.

4. Schedule breaks in your Calendar

   Try to create a schedule and stick to it like that of your normal daily routine. It can be harder to remember to step away for a breather if working from home

5. Be mindful

   Practice gratitude. Perhaps journal and/or meditate if that’s your thing. Be mindful that our ability to work from home is a privilege millions around the world don’t have.

6. For my fellow healthcare providers (dentists)

   Work doesn’t have to be dentistry. If you own a practice, you can focus on the business/development tasks that you’ve been putting off. Perhaps send an email blast out to patients and interact on social media to keep them engaged. If you’re an associate you can help the owner doc field questions from concerned patients and “volunteer” to cover emergencies.

7. Virtual Hangouts

   In an effort to stay connected, use FaceTime to interact with family and friends or even reach out and engage to your people on social media. You can have Instagram lives, google hangouts or even start a book club.

8. DON’T Stress

   Be fair and honest with yourself about your feelings. Also, let facts inform your reactions and feelings (not fear). If the news and social media is causing anxiety or depression, consider unplugging for a day or two. If you consider that extreme, try limiting your access to credible news websites that you check once or twice per day.

9. Listen to podcasts or playlists

   Do things that help you to relax, this is great for your mental health. Have an all-out jam session. I’ve created a spotify playlist.

10. Wash your hands and keep surfaces Clean

    It goes without saying, but as a reminder - wash your hands frequently with soap and water for at least 20 seconds. If soap and water aren’t available, use an alcohol based hand sanitizer. Wipe down “high touch” surfaces, like countertops, doorknobs, phones, etc with household cleaners and wipes.

How Does Student Loan Interest Work?

When taking out loans to cover the costs of college, most students aren’t looking ahead to the decades after graduation. They might know that student loan repayment is on the horizon, but borrowers often fail to consider the interest that can quickly accrue once their loan is disbursed.

How does student loan interest work, exactly? What’s involved in setting interest on student loans? What should a reasonable monthly payment look like?

These are crucial questions that all borrowers should ask to avoid taking on too much debt and to stay afloat when loan servicers start sending the bill. This guide will help you understand the basics of student loan interest, how to find good rates, and the best methods for developing a repayment plan.

How does student loan interest work?

As with a mortgage or any other type of loan, student loans are not free advances. Because of interest, the amount you borrow is typically less than what you will end up repaying over the life of the loan.

When you apply for a student loan from the U.S. Department of Education or a private financial institution, you will be quoted an interest rate. Depending on the information you provide in your application, this might or might not be your final rate.

The student loan interest rate your provider settles on is expressed as an annual percentage rate, or APR, which represents the actual yearly cost of funds over the term of a loan. Your rate could be fixed or variable.

• Fixed: A fixed APR will remain the same for the extent of your loan term.

• Variable: A variable APR fluctuates with changes to the market index to which it is tied. Variable interest rates are often lower than fixed rates at the outset, but might increase over the term of your loan.

You will be required to sign a promissory note before your provider disburses your loan. This note will indicate your official rate, and also outlines:

• Terms and conditions of your loan(s)

• Repayment plan choices

• Late charges and collection costs

• Explanations of defaulting, forbearance, consolidation, and any other pertinent information

Each day or month, the interest your loan generates will be tacked onto your total balance, which includes the principal (the initial borrowed amount) and interest accrued.

You must repay the interest prior to paying down the principal balance, so failing to make payments makes your debt more expensive over time.

How Often Is Student Loan Interest Compounded?

Compound interest is the addition of interest to the principal of a loan. Put simply, it is interest on the interest. 

The promissory note for your student loans will also indicate how often your interest accrues as well as your compounding rate. Most student loans accrue interest daily and compound either daily or monthly.

Daily accrual means that lenders will divide the APR by 365 and apply that daily interest rate to your principal balance each day. Daily compounding would mean that your APR would also be applied to the amount of interest that accrued the day prior, in addition to the rest of your principal amount.

As such, compounded interest is constantly tacked onto your balance and incorporated into your next interest charge. So, the longer you take to address interest, the higher your compounded interest balance can climb.

See the full guide here:How Does Student Loan Interest Work?

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5 Ways to Invest in Real Estate

Real Estate Investing continues to be a hot topic of discussion especially among the financial independence community and those looking to build wealth. I firmly believe we are all budding entrepreneurs who seek to control our destiny, work for ourselves and feel good about making a difference in the world. Real estate investing is an excellent way to stretch one’s entrepreneurial muscles.

It wasn’t until I met my husband (then boyfriend) that I fully understood real estate investing or even cared about it. It was an area he was excited and passionate about and that I naturally (as the engaging and supportive partner) got excited about too. At the time he had a mixture of both residential and commercial properties that garnered significant income - the best part being it was passive income, or as he calls it mailbox money. That is, money that arrives in the mail or in your account that you don’t physically go to work for. FYI, it doesn’t come without its struggles but the reward can be life altering.

There are several ways to get involved in real estate. They include the purchase, ownership, management, rental and/or sale of real estate for profit.

THERE ARE GENERALLY FIVE LARGE CATEGORIES OF REAL ESTATE INVESTING:

1. Rental Property: Become a Landlord

   This is what most people think of when they hear the term real estate investing: You buy a house, rent it out and collect a paycheck each month. It sounds easy, but it comes with challenges. Finding a property with the perfect mix of location, the right price, higher-than-average rental rates, great tenants, etc is difficult. In addition to this, there are at times issues where tenants won’t pay rent, high taxes, foundation issues, etc and unless you hire a property management company you will be dealing with these yourself. In an ideal situation, a property appreciates over the course of the mortgage, leaving the landlord with a more valuable asset than he/she started with.

2. Real Estate Investment Groups

   Real estate investment groups are like small mutual funds that invest in rental properties. In a typical real estate investment group, a company buys or builds a set of apartment blocks or condos, then allow investors to purchase them through the company, thereby joining the group. A single investor can own one or multiple units of self-contained living space, but the company operating the investment group collectively manages all of the units, handling maintenance, advertising vacancies and interviewing tenants. In exchange for conducting these management tasks, the company takes a percentage of the monthly rent.

3. Real Estate Trading (Flipping)

   This typically involves buying a distressed property with the intention to refurbish it and sell it quickly for a profit. You have to buy low and sell high; you need to estimate closing costs, resale value and rehab costs carefully. From there, you’ll need to add your holding costs (insurance, property taxes, utilities, interest on the money if you’re borrowing it) and your cost to sell (typically 8%). This is for people with significant experience in real estate valuation and marketing. flipping houses has a shorter time period during which capital and effort are tied up in a property. But depending on market conditions, there can be significant returns, even in shorter time frames.

4. Real Estate Investment Trusts (REITs)

   A REIT is a company that owns and finances real estate properties. You, as an individual, can invest in that REIT and essentially be investing in real estate. This is a great option for someone who only wants portfolio exposure to real estate and is not looking for a side job

5. Crowdfunding

   What if there was a really great property for sale but it is too expensive for you alone to invest in? With crowdfunding platforms, you can invest in real estate by pooling funds and sharing the returns with other investors. Real estate crowdfunding is a passive investment; you won’t have to become a landlord, but you can still reap the rewards of real estate investing.

BONUS: If you’re a dentist going into practice ownership, it is very beneficial to own the commercial real estate of your practice - more on this in a letter post.

If you ever considered going into real estate investing but not sure what avenue to take, these are all great options to get involved. Remember, all investments have risks but its how you manage and mitigate those risks that make the difference. Take a look at these Real Estate Investing Tips before diving in.

This is the 6th and final article of the Investing Series. Click here for Part V, Part IV, Part III, Part II and Part I

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This article is for educational and informational purposes only. Contact a financial advisor before making any financial decision.

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6 Tips on Getting Into Real Estate Investing

Going into real estate can be an exciting investment strategy, one that is both satisfying and lucrative. However, it’s not all rose petals and fairy dust. Every investment comes with risk but it’s how you manage and mitigate those risks that make the difference. If you are seriously considering diving into real estate investing here are a few things to take into account.

SIX (6) THINGS TO KNOW ABOUT REAL ESTATE BEFORE INVESTING

1. Establish Relationships

   It is not just a numbers game, it’s also a people game -Relationships are important. Everything is about relationships and real estate is no different. You have to find a reputable and trustworthy realtor who understands your goals, an honest contractor who won't take advantage of you, and tenants who are credit worthy and will pay on time.

2. Location

   Where you buy a property is just as important as what property you buy. Do your research to see what developments are happening in the area you are looking to purchase. An average house may yield higher returns in a more developed part of town than a really nice house in a poorly developed part.

3. Funding

   Evaluate the different ways of getting in. Wealthy people invest in real estate because it is a secure way to keep and grow their money. Three ways to fund your real estate property: Self Financing(using your own cash), securing a loan, or raising capital via equity investors.

4. Tax Advantages

   Owning real estate offers Tax shelters. Do your research to educate yourself on how to take advantage of these.

5. When To Purchase

   Real Estate has cycles. Purchase when markets are low. Acquiring properties in a low market can sometimes bring considerable appreciation values. Also consider purchasing in less desirable areas. They have a tendency to turn around over time and bring notable returns.

6. Be Flexible

   Things will not go as smooth as planned. It is inevitable that things will go awry at some point, whether it’s a bad tenant, bad property management, etc. Maintain a level of flexibility to help deal with any situation that arises.

Although the above six tips are geared mainly at owning rental property as a form of real estate investing, there are generally five different ways to invest in real estate which we will get into in the next post.

This was Part V of the Investing series: Click here for Part IV, Part III, Part II and Part I

Our investing series will continue in our next article and will dive into the different ways to invest in Real Estate. Sign up below to receive the Investing Series directly to your inbox:

This article is for educational and informational purposes only. Contact a financial advisor before making any financial decision.

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How to Make The Most Out of A Long Weekend In Iceland

My husband and I love to travel! We’ve come up with a theory that, usually around the 6 week mark from our last vacation is when we feel that itch to hop on an airplane again.

Our most recent adventure brought us to Iceland. Iceland is popularly known as the land of fire and ice and I’ve never come across a more accurate description of a place. The local people are extremely warm and welcoming, despite the cold temperatures. We spent a long weekend there and tried to experience as much as possible during our short stay. Here’s how we made the most out of our long weekend trip in Iceland:

Planning our Trip

The word planning is a bit of a stretch. This trip was very spontaneous! We pretty much booked the flights and hotel on Expedia and added the activities. We flew into Keflavik International Airport (KEF) via Jet Blue and Iceland Air from Pittsburgh with a layover in Boston.

Best Times To Visit

We took our trip to Iceland at the end of January. Needless to say, it was COLD. I would not recommend going during the winter months unless you have a penchant for cold weather. The best times to visit, as told by the locals, is during the summer months. However, if you want to see the Northern lights early Spring or early Fall is best.

Where We Stayed

We stayed at the Foss Hotel in Reykjavik. It is a really nice, boutique hotel located right in the heart of the city and in walking distance to the city/town center where all the shops and restaurants are. It’s also near the water so there was a nice view from our hotel room window. A delicious buffet breakfast was included with our stay. The other great thing about staying here is that it was right next to a bus stop (Bus stop #12 to be exact). It is important to note that tours and excursions will pick you up at the bus stop closest to where you’re staying so it is a god idea to stay somewhere very close to avoid walking too far. There are plenty of lodging options in Reykjavik- small boutique hotels, apartments and Airbnb’s are available.

Hotel Lobby

View of the city from hotel

Extended hotel lobby/cafe

View from our hotel room window

Weekend Itinerary:

Friday - After arriving at the airport, we got a private transfer to our hotel in the city of Reykjavik. It took about 45 mins from the airport to our hotel and since we got in late and were tired, we took a 4 hour nap and began our day around 9am on Saturday morning.

Saturday - After breakfast we went on a walking tour of city center and of course did a little shopping. There are countless ways to spend time in the city, but we decided to walk through the harbour district of Grandi which in recent years has been developed from an industrial area to an artistic venue filled with workshops and galleries. We also explored the main shopping street, Laugavegur. Later that evening, around 8pm our shuttle picked us up for a Northern Lights tour.

Walking around the city

The Northern Lights

What would a trip to Iceland be without seeing one of its famous attractions, the Northern Lights? One thing to note here is if you are planning your trip in advance, there is no way to know when you will have the best weather conditions for this beautiful natural event. Lucky for us, after braving 3 hours in the freezing cold(heated buses are available when you need a break from the cold), the lights showed up and lit up the night’s sky. If you want great pics it’s best to take a professional camera and a tripod. We used our iPhones and downloaded the app Nightcap.

Sunday - This was a full twelve hour day of adventure. We did the popular Golden Circle Tour topped off by a visit to the Blue Lagoon.

Ready for our Tour!

The Golden Circle Tour

The Golden Circle tour by GeoIceland was a great choice as it took us to the most popular destinations. Our guide was very knowledgeable and the group was relatively small, around 12 people.

• Kerio - We drove through Nesjavellir, where pillars of steam rise from the all-encompassing mountains and followed the winding road until it took us to Kerið, an otherworldly volcanic crater which embraces a lake in the crater's bottom. This lake, however was frozen over at this time of year.

• Geyser Hot Spring - One of the amazing things about Iceland is that despite the cold temperatures, the land is bursting with fire. Iceland is highly geologically active with many volcanoes, hot springs and geysers. The Haukadalur area is a popular tourist spot, where visitors can see Strokkur and Geysir, which are the two biggest geysers there. The first erupts every 5-10 minutes. Here you relax and take in the scenery over a cup of coffee and even pick up souvenirs at the on site shop.

• Gulfoss Waterfall - A short distance away, the mighty Gullfoss waterfall, Iceland's single most popular attraction, awaits you. You follow a footpath all the way to the river's edge and as you look down into the gorge, you manage to get a sense of this waterfall's unspeakable power. The Gullfoss waterfall is one of the most popular tourist destinations in Iceland and although it’s not the biggest waterfall, it certainly is magnificent.

The next stop was the Þingvellir National Park, where we walked the rift valley of the Mid-Atlantic Ridge and explored the beautiful area which is fundamental to Iceland's history: the Icelandic parliament, Alþingi, was founded in Þingvellir in 930 and held its sessions here until 1799. This is the cradle of Icelandic culture, unchanged for millennia, and every rock and pebble has a story to tell. 

Through the valley

North America on my right, Europe on my left

The Blue Lagoon

Looking for the ultimate Icelandic spa experience? Then you need to visit the Blue Lagoon, it’s one of the most popular tourist destinations in Iceland. It is one of the 25 wonders of the world and is a geothermal spa that stays at around 102 degrees Fahrenheit all year round.

Monday - On our last day we woke up early and enjoyed a hearty breakfast, took a walk around city center one last time before being transported back to the airport.

Visiting Iceland was perfect for a weekend getaway. I’m not sure if I would have stayed longer even if the opportunity presented itself. It’s not the typical jet off to a tropical Island that I’ve become accustomed to but it was a nice change. I learned a little bit of history and experienced a different culture and way of living. Definitely recommend!

6 Questions To Ask Before Investing

“If you treat Investing like a casino, it’s going to treat you like a gambler”

— Anon

I had a sit down chat with a financial advisor/ wealth manager from a popular brokerage firm to answer some burning questions about investing. He has chosen to be anonymous in this blog post as we did not have enough time to get these questions and answers approved by his firm. However, he has guaranteed that all answers are truthful and based on general knowledge that anyone can google. He has also given me permission to give his contact information (via email) to my readers who are interested in learning more about investing.

Whether you’re a first-time investor or have been investing for many years, there are some basic questions you should always ask before you commit your hard earned money to an investment.

Q: What would you recommend as a starting point for a new investor?

A: For someone just starting out I would recommend they get an understanding of money and how it works. They have to determine their goals and their risk tolerance to market volatility. For example, certain types of bond funds can counterbalance market volatility so a starting point could be with bonds. Next, they have to choose an advisor that will put together a program designed to accomplish those goals .

Q:    What is a recommended portfolio diversification for a beginner i.e percentage of stocks, bonds, mutual funds, etc?

A: This is a nuanced question and depends on the person’s time horizon. For example, if you’re a 25 year old planning to use the money as a down payment on a house in 5 years you may be better suited with a larger portfolio of bonds. The short answer is, if they are investing for the long term they are going to see more growth in blue chips and mutual funds that pay rising dividends over time. See JP Morgan’s Guide to The Markets - Time, Diversification and the Volatility of Returns.

What this shows is the 1, 5, 10 and 20 year return going all the way back to 1950 of a pure stock portfolio, a pure bond portfolio and a 50/50 mix. There isn’t a 5 year period in that 70 year history where there was a loss of money with a 50/50 mix. The worst that happened in any 20 year period is that you quadrupled your money. So, the suggestion would be if they’re investing for the long term invest in companies that provide basic necessities for our way of life and go with a 50/50 mix.

Q: What factors determine how you will invest someone’s money and do things like age and risk tolerance play a role? 

A: There are many factors that play a role when it comes to someone investing. Things like:

• How involved the person wants to be with their investments, i.e hands on versus hands off approach

• Time horizon, not so much age. For example, if they are 70 years old but they are investing for their grandchildren’s legacy then age doesn’t matter.

• Risk Tolerance

• Tax considerations

  • IRA account versus Taxable brokerage account

  • Tax efficiency

  • Tax harvesting strategies

Q: How do you manage investment accounts for taxes?

A: Generally , there are 3 ways to invest money for taxes:

1. Taxable (pay as you go)

2. Tax deferred (Traditional IRA, Annuities)

3. Tax free (Roth IRA, Insurance products)

Q: What is your approach to financial planning?

A: I approach it as a process and it should be the same no matter who the individual works with

• Get a feel for who they are, what they want to accomplish and why

• Determine where they are coming from, their psychology about money, their values and their belief system around money and investing.

• Ask them to quantify this as much as possible, in terms of their goals for the account, their psychology about risk

• Tax needs

• Risk tolerance

• Are goals realistic

• Am I a good fit for them and vice versa

Based on the above , I will then go through the courses of action and next steps. I will be transparent about:

• The cost structure of each option

• The degree of involvement each party needs to have for each option

• Fees for services

• I will then set up a periodic review for each account, i.e monthly, quarterly or annually.

Q:  What are some important questions a client should ask their financial advisor before investing?

A: This is probably one of the most important questions.

1. How is the plan in the client’s best interest

2. Explain cost structure

3. Discuss any potential tax considerations

4. The various risks associated with the investment. Every investment has risks. There’s no such thing as a risk free investment

5. Describe in full the process of beginning this journey

If the advisor is unable to answer any of the above to the client’s satisfaction, they should exercise caution before proceeding.

If you would like to learn more about Investing or begin your own Investing journey with this advisor, feel free send me an email below and I will forward his info: CONTACT ME

This is Part IV of The Investing Series. Click here for Part III, Part II, and Part I.

Our investing series will continue in our next article on the topic of Real Estate Investing. Sign up below to receive the Investing Series directly to your inbox:

This article is for educational and informational purposes only. Contact a financial advisor before making any financial decision.

This article may contain affiliate links.

How To Start Investing in The Stock Market

Many people know the importance of investing but never actually do it!

I must admit, there was a time when the topic of investing was very confusing and overwhelming for me. The learning curve with all the different financial terms and what they meant were steep. It took several talks with my financial advisor, my husband breaking things down in detail and me listening to some great podcasts to finally get a good understanding of it.

Like most people, my first experience with investing was through a retirement account that I have with Edward Jones. Once I read upon the subject of investing (the most helpful being JL Collins’ The Simple Path To Wealth), listened to podcasts on the topic and consulted with the experts, I graduated from being a rookie and started investing with Vanguard in their VTSAX (Admiral Shares). You can see some of my recommended books on investing here and learn more about Vanguard’s VTSAX here.

Investing requires a mindset shift, and you should look to start by investing in a retirement plan, followed perhaps by investing in the stock market. But how do you even get started investing in the stock market? I will give an overview of how to get started and for the sake of this article let’s get some definitions down:

Investing: Putting money into a vehicle with the goal of receiving a return down the line (growth). In most cases, you plan for little involvement on your part once you’ve invested the money.

Stocks - A stock is part ownership of a company. They are also called shares or equities and the more you own the bigger your ownership stake in the company is.

Bonds - A bond is when you loan money to a company or the government who in turn pay you back in full with interest.

Mutual Funds - A mutual fund is a pool or compilation of funds from a group of investors set up for the purpose of buying security like stocks, bonds, etc.

Index Funds - An index fund is a type of mutual fund with a portfolio constructed to match or track the components of a market index, such as the Standard & Poor's 500 Index (S&P 500).

Exchange Traded Funds (ETFs) - These are similar to index funds however, they can actively be traded throughout the day at the current market price (you'll pay commission fees as a result) unlike mutual funds and index funds that are traded at the end of the day, and at the market's closing price.

Brokerage Firm - A brokerage firm is a financial institution that manages or facilitates the buying and selling of securities (different kinds of investments e.g. stocks, bonds, etc) between buyers and sellers. They typically charge commission fees on trades and can provide you with up-to-date research, market analysis and pricing information on various securities. Examples of brokerage firms in the US include Vanguard, Fidelity, Charles Schwab, etc.

How To Start investing

Investing can change your financial future for the better. You don’t need a lot of money to start investing. In some cases, you only need a few dollars to get started. Of course, you might have a goal of increasing your investments long-term. But don’t let limited resources stop you from building your long-term wealth.

1. Try a Robo-Advisor

   A robo-advisor is the term often used to refer to digital platforms for investing and is essentially a virtual financial advisor. With the use of algorithms and technologies, it eliminates the need for a human financial advisor and is a more hands-off approach. Rabo-Advisors are marketed to millennial as a digital solution for the often intimidating process of investing. You’re asked some questions online and based on your answers it provides automated financial management services and tailor your investment recommendations based on your goals.

   The benefit of using a robo-advisor is that the fees are typically much lower, even though you are getting customized portfolio recommendations. Most robo-advisory firms offer low minimum investment requirements and take care of portfolio rebalancing automatically.

   If you are interested in trying a robo-advisor, some popular ones are Acorns, Robinhood or Betterment.

   • Micro-Investing

     • There’s an app for that! Just like robo-advisors, micro-investing apps offer a variety of tools and ways in which you can be investing. Micro-investing apps are marketed towards millennials and young, rookie investors and was built around the idea of helping people get into investing with as little as a few dollars. Some popular micro-investing apps include:

       • Acorns - It is simple and is perfect for the true beginner looking to get help building a well-diversified portfolio. You can choose from among five portfolios, all of which are invested in ETFs from well-known investment management companies like Vanguard. It costs as little as $1 per month for accounts under $1 million, or free for college students.

       • Robinhood - Typically attractive to those looking to do individual stock picking and even dabble in cryptocurrency and options trading. Trading is commission free, but there are fees charged by SEC and FINRA.

       • Stash - Great for beginners who want to be a bit more hands on about picking investments or has specific preferences on the types of companies they invest in. They offer access to more than one hundred investments, including ETFs and individual stocks. It costs $1 per month with no commission on accounts under $5000 for Stash Invest and $2 per month for Stash Retire.

2. Seek out a Brokerage Account

   There are many investment services available on the market today. Each offers different services and charges different fees. In some situations, you may want to buy and sell stocks on a regular basis. These transactions can add up quickly at some brokerage firms. In other situations, you might choose an index fund with fees built-in. Either way, you'll want to find a brokerage account that minimizes fees for your investment strategy.

• Decide What Kind of Account You Want To Open

  • The type of account you open will depend on the reason you’re investing in the first place. Most times when one is investing they are doing so for a medium-long term goal.

• Decide Which Brokerage Should You Use

  • You have many options when it comes to picking a brokerage firm. Consider a hands on versus a hands off approach (depending on how comfortable you currently are with investing).

  • Consider the minimums for opening an account. Many, but not all brokerage firms will have a minimum initial investment in order to open an account or invest in certain funds. These minimums vary, and therefore can have a huge impact on which institution you pick. For example, my very first investment was in Vanguards VTSAX with a minimum required investment of $10,000. If you are not in a position to invest that amount at the moment you have several options:

    • You can opt to choose a different brokerage firm

    • Search and see if another comparable fund at the same brokerage has a lower initial investment requirement

    • Invest at a different brokerage and transfer your funds after you’ve met the investment minimum at the brokerage you want

    • Keep saving until you hit the minimum

    • See if the exchange-traded fund (ETF) version is cheaper than the mutual fund version, sometimes it is.

  • Determine what the brokerage firm’s fees will be.

  • Determine whether you want to go with a Full Service Brokerage Firm versus Discount Brokerage Firms. The main difference is the the full service firm will have an advisor helping you build and manage your portfolio, but you will pay higher fees. You take a more DIY approach when going with a discount brokerage firm and therefore will save more in fees. Plus, Discount brokerage firms may have minimum initial investments, often between $1000 to $3000. Some popular discount brokerages include Vanguard, Fidelity, Charles Schwab, TD Ameritrade, Ally Invest, etc.

• Pick Your Investments

  • When picking your investments consider your goals, risk tolerance, time horizon and whether you want it to be actively or passively managed. Keep in mind that you will pay more in fees for an actively managed account. You will also need to diversify as you build your portfolio so as to not put all your eggs in one basket. For example, investing in mutual, index, or ETFs gives you exposure to a variety of sectors and companies, and is a good first step.

Investing can be a confusing topic but it doesn’t have to be once you understand a few basics. You can start with a robo-advisor or a micro-investing app to get your feet wet and level up to a brokerage firm when you feel you are more comfortable.

This is Part III of The Investing Series. Click here for Part II and Part I

Our investing series will continue in our next article and will feature an Interview with a Wealth Management expert from a popular Brokerage Firm. Sign up below to receive the Investing Series directly to your inbox:

This article is for educational and informational purposes only. Contact a financial advisor before making any financial decision.

This article may contain affiliate links.

My Interview on Oral Health Disparities & Orthodontic Basics with Dialosophy

I had the wonderful opportunity to meet with Adia Louden of Dialosophy and answer some questions on oral health, oral health disparities , and to go over some Orthodontic basic. Enjoy our Q & A session below:

Q: Dr. Smith, thank you for agreeing to talk with me on Dialosophy. I think before we get started…I’d be especially interested in hearing a bit of your story. How’d you get into orthodontics? And please don’t hold back. Educate us on the difference between dentists and orthodontists. What do kmorthodontists do?
A: I developed a liking for dentistry at around the age of 16. At that time, I was headed to college and I had to choose a major (I am Jamaican, at that time it was customary to finish high school at age 16). I had a family friend who was a dentist who encouraged me to pursue a career in dentistry, so I enrolled in the dental hygiene program at Northern Caribbean University - the only dental related program in the country at the time. Towards the end of my program I realized I wanted to do more than just clean teeth. That's when I decided to become a dentist, so I moved to the US, got a bachelors degree in Biology and applied to dental school. I was accepted into Howard University in 2010. After my first year I really started thinking about specializing. At first, I thought I wanted to be an Oral Surgeon (dead wrong, I don't have the personality for it). I started frequenting the Orthodontics department and quickly fell in love with it, so I did everything to align myself with getting accepted into Orthodontics residency. Quite a number of people don’t know the difference between an Orthodontist and a dentist. Orthodontics is a specialty of dentistry that focuses on aligning the jaws and teeth. We focus on how teeth meet and function, how they are aligned, how they are set in the jaws, and the positioning and sizes of the upper and lower jaws. Orthodontists go through two to three years of additional training after the initial four years of dental school. 

Q: Thank you for sharing. So, let’s get right to it. Oral hygiene. Something that’s clearly important, but I know I’m not alone when say I often neglect it. I recently read about the oral health disparities that exist in our country, especially among people of color. So, I want to take a moment to ask you to expand on just how important is our oral care really? What do you recommend as “proper” oral care habits?
A: Oral healthcare is more important than a lot of people might realize. Your oral health can clue you in as to your overall health and conversely, your overall health can affect your oral health. Brushing, flossing and using a mouth rinse at least twice per day to remove the bacteria from the mouth are steps to make in forming proper oral care habits. 

Q: What is being done to address the aforementioned oral health disparities in our nation? Especially among women and communities of color. 
A:  Despite major improvements in oral health for the population as a whole, oral health disparities exist for many racial and ethnic groups, by socioeconomic status, gender, age and geographic location. The economic factors that often relate to poor oral health include access to health services and an individual’s ability to get and keep dental insurance. This is an issue that different dental organizations have been trying to address. Interventions such as community water fluoridation, school-based dental sealant programs, incentive programs for dentists to live and work in deep rural areas and the implementation of dental auxiliaries are ways in which these issues are being combatted.

Q: I believe I saw on Instagram that you have your own organization where you venture and do mission trips to aid in disparity efforts globally. Please tell us about what you have done personally to address oral health disparities. 
A: Correct. I am the co-founder of a dental non-profit organization “Dental Helping Hands” 
along with two of my classmates/colleagues from dental school. It was founded to provide dental health services to underserved communities in developing countries. Our aim is to empower and support the communities we serve by partnering with local dental professionals to share knowledge. By providing communities with education on preventative measures to improve dental health, we honor, support and empower those with less and assist them in becoming self-sufficient. Our goal is to focus on preventative education while providing patients with a safe environment for necessary care. 

I do at least one mission trip to my home country, Jamaica, per year and provide dental services to people of a deep rural  area with no access to dental care. I partner with Dr. Mark Edwards, my mentor and the dentist who encouraged me to get into dentistry. He’s also the Dean of the College is Dentistry at the University of Technology and so we get student volunteers from the two dental schools on the island and dental hygiene students from my alma mater - Northern Caribbean University to help carry out our mission. 


Q: Is there a connection between oral health and other health conditions? Which oral health symptoms should NOT be ignored?
A: Oral healthcare is more important than a lot of people might realize. Your oral health can clue you in as to your overall health. The oral cavity has a lot of bacteria (mostly harmless) but the mouth is the gateway to the digestive and respiratory tract. Blood vessels in the mouth also have a direct connection to the heart. Normally, the body’s natural defenses and good oral hygiene habits like daily brushing and flossing (at least twice per day) keep bacteria under control. However, without proper oral hygiene bacteria can reach levels that might lead to oral infections, such as tooth decay and gum disease. It can also lead to endocarditis, cardiovascular disease, pregnancy and birth complications and pneumonia. Other health conditions like diabetes and osteoporosis can drastically affect oral health.


Q: I think with so many trends going around now like charcoal toothpaste, which I’m currently trying ,….and at-home whitening systems…and home remedies such as oil pulling and baking soda…it can be confusing AND EXPENSIVE finding ways to whiten your teeth. How can we improve the whiteness of our teeth?  Do you have any favorite products that you’d recommend?
A: Don’t underestimate the power of brushing and flossing, that’s key. Teeth inevitable begin to yellow with age, but a range of strategies can slow the progress or reverse it. Ways to whiten teeth are brushing with baking soda, using hydrogen peroxide, drinking coffee or tea through a straw, getting regular cleanings at the dentist’s office, over the counter whitening products like whitening strips and gels, and in office professional whitening at the dentist’s office. One of my fave whitening toothpastes is Crest 3D White/Brilliance.

Q: Merging into some orthodontic basics, what are some of the most common orthodontic problems?
A:  The most common orthodontic problems are crowding, excessive spacing, abnormal eruption of teeth, a cross bite, underbite, overbite and excessive over jet. 


Q: I imagine it’s common for children to get braces more than adults. And from talking to a few older women, braces doesn’t seem like a move older women try to make because of a variety of reasons (“beauty standards” probably being one of them). I have also noticed a few parents that will wait for their children to get braces. So, is there an “ideal age” for orthodontic treatment?
A: Most people think that the best time to have their child see an Orthodontist is during the pre-teen and teenage years. However, there are good reasons to have your child get an orthodontic evaluation a lot sooner. The American Association of Orthodontists (AAO) recommends a check up with an orthodontic specialist no later than age 7. 


Q: Does dental hygiene and orthodontic treatment differ during pregnancy? If so, what does that look like?
A: Pregnancy may make women more prone to cavities and periodontal disease. This is partly due to hormonal changes, dietary changes and even morning sickness (stomach acids which can erode the teeth).  Oral health is an important part of prenatal care, given that poor oral health during pregnancy can lead to poor oral health outcome for the mother and the baby. 


Q: The last question for you, Dr. Smith, is all about you…and your favorites…and what you (as the expert) think we should be using (feel free to hyperlink). Before we get your favorites, thank you so much for taking the time to share a bit of your story and the importance of oral hygiene. I can speak for myself and say I definitely plan to use the information you shared because I don’t have time for anymore cavities. I got my first one this past summer, and ONE is enough for me. The whole procedure was traumatizing (LOL seriously). Thanks again, Dr. Smith, for sharing of piece of you…with Dialosophy. 

Fav Toothpaste: Crest and Colgate are popular options. However, at the moment I’m really in love with Risewell. It’s a company that is all-natural and uses nano-hydroxyapatite instead of fluoride. Hydroxyapatite is a naturally occurring mineral that’s found in teeth and that helps in the remineralization of enamel. Studies have shown where it is more effective and safer than fluoride. 

Fav Toothbrushe(s): An electric toothbrush is very helpful in removing plaque and debris from teeth. Popular options are ones from Oral B or Phillips Sonicare. However, a smaller, more light weight and inexpensive option is Quip. I really like quip because they are on a mission to really help individuals keep up with good oral hygiene habits. They send you a new brush head and toothpaste every 3 months with a subscription. I consider them the dentist's allying the fight for good oral hygiene.

Fav Mouthwash: I really like ACT because it doesn't contain alcohol and has fluoride that helps in preventing cavities. Recently I've been using and liking the mouthwash from Risewell. It uses nano-hydroxyapatite instead of fluoride and also does not contain fluoride.

Retainer Care: Retainers can be kept clean with brushing it with mild soap and a soft toothbrush. A product that I really love is Ever smile White Foam.

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Setting Up Your First Investment Account

If you have a retirement account such as a 401K, 403B, Roth or Traditional IRA, Congratulations! You’re already an investor. A lot of people don’t consider their retirement savings as investing. Saving for retirement is important and should (arguably) be your first investing priority because:

• It helps lower your tax liability either today or in retirement (depending on the type of account)

• You’re possibly getting free money from an employer (if there is a match program)

• It can easily be automated, so building your nest egg becomes habitual

• It can help you achieve financial independence and be able to walk away from the need to earn a paycheck

If you’re not yet saving for retirement, I urge you to start today. It is extremely beneficial to start saving for retirement early so that you can take advantage of compound interest.

Employer 401K

If your employer offers a 401K plan then you’re in luck and won’t have to do this yourself. However, do make sure you are saving up to the point where you get the employer match. An employer match is when an employer puts money in your retirement plan, matching your contribution up to a certain percentage. For example, your employer might have a contingency that they will match you 100 percent up to 4%. If you earn say, $40,000 - in order to get the full 4% match, you will have to contribute at least 4% of your salary into the 401K. That is, about $66 per biweekly paycheck (or $133 per month) and so does your employer. You would have saved roughly $1600 per year in your 401K and receive an additional $1600 from your employer making it a total of $3200 (half of this was free money).

The great thing about a 401K is that the money you save is automatically deposited into the plan before it’s taxed, so less of your income will be taxed now. Plus, the 401(k) allows your savings to grow tax-free until you withdraw the money at retirement. This feature means your money will compound at a faster rate. Only when you withdraw money will you pay taxes. Read more about the types Retirement Accounts here.

If you don’t have a retirement plan with your employer or are self employed, a retirement account is very easy to set up.

Here’s how to to Set up Your Own Retirement Account

1. Decide How Much You Want to Save

   If you’re following the 50/30/20 rule, then you should already have in mind to put 20% of your income towards saving and investing. So, you may decide to put between 10-15% of this allocation towards investing to yield a respectable nest egg. Consider the example of a 30 year old taking home a $50,000 salary. If he/she gets a 3% salary bump on average each year, and her investments earn an average annual return of 7% during her working life, then saving 15% of her income would yield $1.7 million by the time she reaches age 65. That is the power of starting early and of compound interest.

2. Decide What Types of Investments You Want

   If you’re not eligible for a retirement fund at work that gets you matching funds, you can sign up for a Roth IRA or Traditional IRA. A Roth IRA is funded with money out of your paycheck that has already been taxed (post tax dollars), but when you withdraw the money in retirement, it will be tax-free. While a Roth IRA won’t save you money on taxes this year, it’s a fantastic way to avoid paying taxes on your future investment earnings. A Traditional IRA on the other hand utilizes pre-tax dollars. This gives you the ability to lower your taxable liability today but you will be required to pay taxes on it in retirement.

   If you’re self employed or the owner of a small business you have the option of setting up a SEP IRA, Solo 401k or SIMPLE IRA. You can get more information about those types of Retirement Accounts here.

   The type of Investment will depend on your time horizon (how long you have to invest). For example, a younger person will have a longer time to invest. It is advisable that when starting out you stick to an all-in-one fund also known as a target date-fund. Target-date funds are a convenient way to save for retirement because it removes the overwhelming investment choices to put into your retirement account. In this fund, you select a year closest to when you feel you will retire. For example, If you are 30 years old and you want retire at age 65 then it will be Target Date Fund 2055. The fund’s managers will then automatically invest you in a primarily aggressive portfolio now and then rebalance it to be a more conservative portfolio by time you plan to retire.

3. Choose Where to Open Your Account

   There are plenty of options when it comes to opening a retirement account. Brokerage firms, banks, and other financial institutions offer a myriad of options to hold investments (i.e stocks, mutual funds, bonds and cash, earmarked for retirement). Where you choose to open an account will depend on the type of investor you are, hands-on or hands-off. If you have a little experience with investing and would like to buy and sell, an online broker may be the most beneficial. Consider building a portfolio out of low-cost index funds and ETFs. This approach makes it easier to ensure adequate diversification in your portfolio (which lowers your investing risks) and helps minimize the fees you’ll pay. Look for a broker that has low or no account fees and small commissions; offers a wide selection of no-transaction-fee mutual funds and commission-free exchange-traded funds; and provides solid customer support and educational resources, especially if you’re a new investor. Some great options are Vanguard,Fidelity, ETrade, Charles Schwab, Edward Jones, and TDAmeritrade to name a few.

   A hands-off approach is an automated way to manage your investments using a robo-advisor. A robo-advisor will choose low-cost funds and rebalance your portfolio, keeping it in line with your investing preferences and timeline for a fraction of the cost of hiring a human financial advisor. This option is usually better for those who agonize over investment decisions. Look for one with a low management fee, generally 0.40% or less, and services that meet your needs.

   If you decide to use a robo-advisor for your IRA, you don’t actually need to choose your investments. Your robo-advisor will ask you for your goals and preferences and select investments that match up with them, and even adjust those investments over time. Some great robe-advisors are Robinhood, Betterment, Ally Invest, and Acorns to name a few.

4. Fund Your Account and Get Started

   After you’ve figured out how much you want to invest, the type of account you want to invest in and where, all that’s left to do is fund your account and get started. Put your money in and automate it so that a set amount comes out of your bank account each month. That’s it, you’re done.

If you’re starting out as an investor there’s no better way to start than with a retirement account. Choose a broker or financial institution, fund your account, select a few investments (stocks, mutual funds, ETFs), automate it, and put your money to work. Your future self will thank you!

This is Part II of The Investing Series. Click here for Part I.

Over the next couple weeks I will be breaking down the topic of Investing and providing ways in which you can start investing right away. Sign up below to receive the Investing Series directly to your inbox:

This article is for educational and informational purposes only. Contact a financial advisor before making any financial decision.

This article may contain affiliate links.

Investing 101: Invest in Yourself

“The best investment you can make is in yourself”

— Warren Buffet

Investing can be a confusing topic. When we talk about investing we immediately think of the stock market and things like stocks, bonds, index, mutual funds and ETFs start to come up. However, there’s only one investment that always pays off and that is investment in ourselves and in our mind. You are the most important place you can put your time and money. We are living in a digital age where you can learn anything you want with just a few clicks. There are books and online courses that can help you learn exactly what you want from the convenience of your home. By improving your talents, skills and abilities, you’re investing in something that you will always have; nobody can tax it or take it away from you. Markets can crash, stocks and bonds can be lost, or material possessions can burn–however your knowledge is a tremendous asset that will often provide significant returns.

Manage Time

Majority of people sell time for money. They go to work for several hours in exchange for a paycheck. Unfortunately they use their money to buy (and finance) consumer expenses which serve to decrease your finances. A minority of people understand that time is your most valuable commodity. Your time is limited and you can’t create more of it. So, financially speaking, it is expensive to not make the best use of your time. The principle behind investing is to have your money work for you. The money you invest attracts more money 24 hours a day, 7 days per week.

Set Goals

Setting goals will help you accomplish them. When you write things down it is a lot easier to get things done. Once you’ve identified a goal and written it down, you’re more likely to change your behavior and take actionable steps to achieve that goal. To save, invest and become wealthy has a lot more to do with your mindset than what your income is. Since you’re reading this I know your goal is to learn how to invest so start by making a goal of saving and investing at least 20% of your income (following the 50/30/20 rule).

Choose Friends Wisely

“Over here we measure success by how many people successful next to you.” - Jay Z. You are the average of the five people closest to you. Whatever your goal in life is, whether it is to be rich, happy, powerful, positive or more productive, find people who share that passion and invest in their lives.

Read Books. Learn New Skills

Successful people read. Habitual reading will transform your mind in powerful ways: It stimulates your imagination, sharpens your critical thinking skills and helps you synthesize new ideas. There is typically a book on any topic you wish to learn about whether it’s starting a business, personal finance, etc. See some of my recommendations here.

Take Care of Your Body

If time is your most precious commodity, then your body is number two. You should spend time exercising regularly in order to have a healthy body and a healthy mind. Regular exercise has been linked to more energy, more productivity, reduced stress, improved brain power, better memory, and even increased creativity. It’s the best way to maintain a healthy weight, improve your mood, ward off disease, and to combat mental health conditions such as anxiety and depression.

Become the Boss of Your Money

One of the biggest myths about money is that you need to make a lot of money to be wealthy. It’s not about how much you make but what you do with the money you make - i.e professional athletes who go broke 2 years after their contract ends. The key is to spend less, earn more and INVEST. The majority of people make money from a job (exchanging time for money) and after paying taxes they spend what’s left on consumer expenses (liabilities) often times going over budget and utilizing credit cards. They then need to go back to work to pay for said liabilities - enter the rat race. The wealthy utilize a different strategy, they spend what’s left after saving and investing. They use money as a tool to build wealth first. So here’s how to become the boss of your money: Get rid of (consumer) debt, save 3-6 months living expenses for an emergency fund, start to make your money work for you (invest).

Create Multiple Income Streams

So you’ve gotten a handle on the idea of saving and investing. Now you want to earn more so you can invest more (wealth building) by creating multiple income streams. Perhaps you want to start a new business venture, get involved in real estate investing, or turn your passion project from a hobby to a business. Alongside earning extra income, it is a great way to build new skills. Who knows, one day you might be able to replace your 9 to 5 with something you are truly passionate about.

Now that we’ve gotten a mindset shift, let’s dive into the basics of Investing.

Over the next couple weeks I will be breaking down the topic of Investing and providing ways in which you can start investing right away. Sign up below to receive the Investing Series directly to your inbox: