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:…
The ancient pharaoh’s of Egypt were certainly wealthy, but they are not doing too hot now. In modern times most people still want to be rich. Given that it is a pretty difficult task to go from poor to wealthy in a lifetime, we ask the question; is it something really worth pursuing? Is it…
So you’ve saved up and have a little cash to invest. You like the idea of seeing that money grow. You’ll be able to afford that brand new Porsche, or that dream trip to Italy. But you didn’t learn finance too well yet, no fear that is where all things finance saves the day! Here…
For starters who is Mohnish Pabrai… check out this article to find out! Great, now that you have a background on our very successful friend Mohnish, lets take a close look at what makes him so successful. Many may be surprised to find out that he follows a very simple plan or checklist. Mohnish Pabrai…
How to Define Wealth Before discussing how to become wealthy it might make sense to discuss what the definition of wealthy really is. Is it 2 million in the bank? A salary of 1 million per year? In my opinion being wealthy is having enough money to allow yourself to never have to work again…
Some love watching sports, some love surfing, and others like a good steak dinner; my favorite thing to do is have my girlfriend read me personal finance books. Is that crazy? Perhaps, but it also may be genius. Regardless, reading personal finance books, has made me smarter, wealthier, and a better person. Today I’m going…
Is Trading the Way to Riches? As an intro lets discuss whether trading stocks, futures, commodities, bonds etc. are in general a great way to become rick. The simple answer is no. Although it is true that some people have been able to make millions and even billions of dollars in the trading world, many…
Who is Robert Kiyosaki? (You can read his life advice book and biography here:) However, for starters lets give you a background on just one of his many great books, Rich Dad’s Cashflow Quadrant. Robert Kiyosaki’s cashflow quadrant system can be summarized in segments: 1) Employee – this is self-explanatory, but it represents anyone that works…
In year 2017 we find that more and more information and resources are available to us at the touch of a button. Want to know how to make guacamole? Google a recipe and find a cooking video on YouTube. Interested in finding a soulmate? Swipe right on Tinder. Looking for ways to keep track of…