Yahoo finance used to be a powerhouse of great personal articles and videos. Their quality has declined as of late, but there are still some gems to be had if you're digging through the archives. Here is a quick video I like by Farnoosh Torabi. In it she details some of the habits of people making more than $150,000 annually with $3.2 million in investable assets. … [Read more...] about Daily Habits of Wealthy People
Tip Of The Day: Track Your Finances
Here is a pro tip for you: tracking your finances works. This is because what gets measured, gets managed. If you want to improve your investing returns, track how your investments are doing. If you want to reduce your debts, write down how much you owe and track it. If you want to improve your income, track your income. This also works for the non-monetary … [Read more...] about Tip Of The Day: Track Your Finances
Money Moves Monday
Like a lot of you, I'm full time employed, but I'm still cash constrained. So, I've been looking for ways to that are truly passive to supplement my income. Therefore, by way of a personal update, here are some things I've been working on: First, selling my personal data to build up some passive income. I signed up for Nielsen Opinion Rewards and a company called … [Read more...] about Money Moves Monday
Dinks Sunday Round Up
Its Sunday - so it's time for a round up. Here are a couple of articles that struck me this week, and so here is our Sunday Round Up. If you're not familiar Nick Maggiulli's blog, Of Dollars And Data it is well worth a read. His latest is "Go Big, then Stop". Basically - early investments in a savings plan or nest egg have a far greater impact than later investments due … [Read more...] about Dinks Sunday Round Up
Millennials Are Significantly Poorer Than The Prior Two Generations
I came across this story this morning and wanted to share it here on dinks. According to data from the Federal Reserve, Millennials are significantly poorer than Generation X or Baby Boomers at this point in their lives. At their current age Millennials control about 3% of the nation's wealth. At this age, Generation X controlled 6-7% and Baby Boomers controlled controlled … [Read more...] about Millennials Are Significantly Poorer Than The Prior Two Generations
Why Episcopalians and Jewish People are Richer
Religion is one of those topics that's unexplored when it comes to personal finance. If you surf the web, you won't find much discussion of it. If you read the Wall Street Journal or Investors Business Daily, you hardly see a mention of religion at all. This is a shame. If you look at it, religion has played a defining role in much of human history. For example, religion was … [Read more...] about Why Episcopalians and Jewish People are Richer
Why Guns Are Not a Good Investment
As you probably know, Americans love guns. Since the dawn of our country firearms have played prominent roles in politics and society. Currently half of American households own a gun and many others advocate the rights of the individual to bear arms*. While firearms are a hugely controversial political and social issue, the focus of this posting is purely on the impact of … [Read more...] about Why Guns Are Not a Good Investment
SMBX Works
For those of you longtime readers of the DINKs, you'll know I'm usually pretty excited about up-and-coming fintech companies. The latest company I got excited about was the Small Business Exchange (SMBX). The SMBX is basically attempting to reform small business finance by replacing bank lending with crowdfunded bond marketplace options. SMBX Works - It Makes Money SMBX … [Read more...] about SMBX Works
You Can Lead A Horse To Water, But You Can’t Make Him Drink
The phrase, "You can lead a horse to water, but you can't make him drink" means you can give someone an opportunity to do something, but you can't force them to if they aren't interested. Case in point: Coinbase. If you haven't heard of Coinbase, it's an up and coming - recently IPO'd - cryptocurrency brokerage. Cryptocurrency and the whole economic infrastructure … [Read more...] about You Can Lead A Horse To Water, But You Can’t Make Him Drink
Yes, You Can Accumulate Free Shares Of Stock
This posting is for everyone who doesn't have money but wants to accumulate free shares of stock. Owning companies by holding stocks has traditionally been the best investing vehicle over the long term. It usually provides better returns than bonds or cash once you factor in historical ups and downs. So, I'm constantly looking to accumulate free shares of stock, and you … [Read more...] about Yes, You Can Accumulate Free Shares Of Stock
