Here is an example of a K-shaped chart for you. This shows the long time divergence of the amount of financial assets held by the top 10% versus those held by the bottom 50% of wealth percentiles. The graph has different axes, so sit and look at it for a while. In a nutshell, the share of financial assets held by the bottom 50% has declined from 71% in 1989 to 2.3% in … [Read more...] about Sign Of The Times: Massive Divergence Of Financial Assets Of Top 10% Vs. Bottom 50%
When it comes to making extra money, the options are seemingly endless. The gig economy has led many to join ride-hailing services, try their hand at writing, or simply do surveys for some pocket cash. However, many of those potentially income-increasing routes don’t ignite everyone’s passion. Luckily, if you have a love of photography, you can make money as an amateur … [Read more...] about How to Make Money as an Amateur Photographer
If you know you’re likely headed for divorce, you may want to protect yourself by selling assets such as property, personal items, cars, etc. However, there are many aspects to take into consideration before making any such move. Selling possessions before divorce can have serious repercussions in how the court treats you once you file the divorce papers. … [Read more...] about Can a Spouse Secretly Sell Possessions Before Divorce?
Thought I'd update all of you on what I've been doing to build wealth in the new year. I've been focusing on the basics (paying down debt, investing, etc.). However, since my attempts to build passive income by utilizing my unused computing resources haven't yielded much, I decided to pivot and invest in real estate and small business bonds to build up more revenue flow. The … [Read more...] about James’ January Wealth Update – Up $63,000
Editors note: In light of the protesting today at the US capitol building - this article is being republished. Unless you've been away from the internet in the arctic, you're probably aware of recent events following the killing of George Floyd in Minneapolis. The country has been gripped by the largest wave of civil disorder since 1968. The costs of riots are substantial. … [Read more...] about The Costs of Riots
The perfect DINK formula is a couple with two incomes and no children. These couples may remain DINKs forever, or being DINKs may just be a stop on the way to having children. There are general assumptions about DINKs, so for fun, we created this DINK cliche test. Are you a perfect DINK according to the test? … [Read more...] about Are You a DINK Cliche? Take the Test.
I've been seeing a lot of news articles talking about how wealth is owned in the United States. The main idea is usually centers around a statement such as "the rich are getting richer" or "only a few people control a disproportionate amount of wealth". The main idea behind much of these news stories is that only a few people control most of the money in our country. This has … [Read more...] about Poverty is Due to Individual Traits
Whether you’re a Trump fan or a Biden one, there’s no doubt that a very different administration is replacing the current one. That means we’ll see stark differences in the way Biden runs the country compared to Trump. We’ll also see significant differences in the leaders Biden chooses versus Trump. However, the difference in the two candidates doesn’t just affect the … [Read more...] about Investing Tips Under the Biden Administration
Friend tip: If someone tells you about an important upcoming date in their lives, write it into your calendar and send them an appropriate text on that day. It’s a quick and easy way to improve your relationship. … [Read more...] about Friend Tip Monday
Have you heard of Patreon? This site was created in 2013 and exploded in popularity in 2017. Patreon offers artists the chance to have patrons who support their work much like Renaissance artists of old had patrons who financed their work. The most common types of artists (called creators) on Patreon are YouTubers, podcasters, artists, writers, and game creators, to name a … [Read more...] about Are Patreon Payments Considered Taxable Income?