by Doug Stevenson Bowdoinham Maine | Apr 24, 2025 | Doug Stevenson Bowdoinham Maine, Finance
Debt often starts with good intentions—a new car, an education, or a home. But what begins as a necessary financial step can easily turn into a long-term burden if not managed carefully. While the monthly payment may seem manageable, the real cost of debt is often...
by Doug Stevenson Bowdoinham Maine | Apr 24, 2025 | Doug Stevenson Bowdoinham Maine, Finance
Budgeting is often the first piece of financial advice we hear—and for good reason. It’s a foundational tool that helps track spending and keep expenses in check. But if your financial aspirations go beyond paying monthly bills, a basic budget may not be enough. To...
by Doug Stevenson Bowdoinham Maine | Mar 26, 2025 | Doug Stevenson Bowdoinham Maine, Finance
Investing is one of the most effective ways to build wealth over time, but choosing the right approach can be challenging. Two primary investment strategies dominate the financial world: passive and active investing. Each has its advantages and drawbacks, and the best...
by Doug Stevenson Bowdoinham Maine | Mar 26, 2025 | Doug Stevenson Bowdoinham Maine, Finance
Money is more than just numbers in a bank account—it’s deeply tied to our emotions, experiences, and beliefs. While financial decisions should ideally be based on logic, emotions often play a significant role in how we save, spend, and invest. Understanding the...
by Doug Stevenson Bowdoinham Maine | Feb 20, 2025 | Doug Stevenson Bowdoinham Maine, Finance
Financial decisions often involve a delicate balance between risk and reward. While high-risk investments can lead to significant returns, they also come with the possibility of substantial losses. On the other hand, playing it safe might protect your assets but could...
by Doug Stevenson Bowdoinham Maine | Feb 20, 2025 | Doug Stevenson Bowdoinham Maine, Finance
Many people use the terms “financial freedom” and “financial independence” interchangeably, but they are not the same. While both concepts revolve around having control over your finances and reducing financial stress, they have distinct...
