Ah penny stocks, the quick way to riches. This sounds like the Saturday morning infomercial with coffee and eggs; invest in penny stocks and make millions! Sign up for trading for free today! Now, is this all true? Not by a long shot, and I’m not saying to never invest in a small cap company….
With all this talk about personal finance, let’s take a step back and talk about skills for a moment. You may be wondering, what at all do skills have to do with personal finance? The answer frankly is, a lot more than you think. In reality, we should not constantly be focusing on money at…
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:…
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…
I was sitting in my apartment, looking over my net worth figures and feeling hopeless when a thought occurred to me. I don’t need to make any massive savings or investing moves to get rich, I just had to save, and save and save. Just to provide some background on this I was looking at…
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…
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…