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Personal Capital – Net Worth Tracking
We are completely obsessed with tracking our net worth to understand our current financial positions (you should be too). Instead of spending dozens of hours adding up all our assets and subtracting our debts, we use a free service called Personal Capital.
This free, easy-to-use portfolio management tool aggregates all of your financial data and helps to track your spending, net worth, and investment accounts. Keeping track of your money has never been easier. With 1.6 million users and growing, this platform is becoming a leader in its industry. We have both been using Personal Capital for years and highly recommend it. Sign up for your free account here!
Vanguard – Index Fund Investing
One of the best ways to build long-term wealth is to invest in low-cost index funds and ETFs (exchange-traded funds). Essentially, by investing in these index funds, you are investing in thousands of different companies and industries.
Vanguard is one of the most reputable investment companies on the market. They are dedicated to serving their investors by providing low-fee funds and phenomenal customer service. Both of us have used Vanguard for the entirety of our investing career and can wholeheartedly recommend this company.
M1 Finance – Individual Stock Investing
Although we highly recommend that you invest a majority of your wealth in low-cost index funds and ETFs, we do recognize the value in individual stock investing.
M1 Finance has recently revolutionized the investment game. Their platform is completely free and offers robo-advising, fractional share purchases, and asset reallocation features. It is an intuitive, easy-to-use tool for managing and growing wealth. There are absolutely no commissions and it’s highly customized. You can invest in a number of pre-built portfolios or various stocks and ETFs. Sign up for your M1 account here.