Most personal finance blogs will tell you that savings is the most important factor in becoming wealthy, which is true right, if you don’t save; you simply cannot increase your net worth, which is a lose/lose situation. However, is savings the answer to abundant wealth? Lets take a look at what saving over a lifetime…
A common topic in the personal finance world surrounds living within your means. But is it really important to live within your means? And what are the main benefits and drawbacks in doing so. Rent – the Great Bambino When I think about living within your means rent is the main showstopper. If your rent…
According to research by Pew, roughly 15% or 37 million Americans don’t have a bank account as of 2016. This same research cited that the main reason citizens don’t have an account, is because of overdraft fees, or the fact that they cannot afford to keep their account above zero, resulting in fees. What I…
Private equity, venture capital, and hedge funds have been the rave lately. I check the WSJ and every day there seems to be a new investor that has made millions. However, does it make sense for the average investor to dabble in these potentially risky, yet also potentially very profitable investments? Some definitions:…