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
Bonds
How to Create a Defensive Investment Portfolio
With 2020 throwing so much uncertainty upon us, it is becoming more evident that everyone's portfolio needs to be thoroughly vetted to ensure you're not just playing a good offense, but also a good defense. The longest bull run of the stock market showed us that there are incredible possibilities when it comes to making money in the market, however, the beginning of this year … [Read more...] about How to Create a Defensive Investment Portfolio
Is Your Broker A Thief?
I like to talk about investing and saving money. Often when I'm chatting with my friends or colleagues, people will tell me that they think money brings out the worst in people or that stock brokers are all crooks. Because of this, they don't want to invest. As a result, they tend to miss out on the advantages of owning stocks and bonds. … [Read more...] about Is Your Broker A Thief?
A Comparison of Investments: Traditional Stock Market vs. Real Estate Crowd Funding
If you listen to any real estate or even personal finance podcast, I am sure you have heard about real estate crowd funding, as a means of investment. A lot of people despise this and would not even consider it an investment while others are very open to it and state that they have had quite nice returns from this type of investment. Your personal preference is the ultimate … [Read more...] about A Comparison of Investments: Traditional Stock Market vs. Real Estate Crowd Funding
More Solid Advice From Eric Tyson
Last month, we wrote about Eric Tyson's simple tips for improving your personal finance. Today, I wanted to follow up with a few more useful suggestions by Tyson. The idea here is to give you some basic personal finance principles that you can apply to your own wealth. … [Read more...] about More Solid Advice From Eric Tyson
Should You Own Treasury Bonds?
If you are browsing through DINKs Finance, odds are you care about your financial health. I would also be willing to wager that you know a thing or two about asset allocation with your stock market investments. Here's what you should know about treasury bonds. … [Read more...] about Should You Own Treasury Bonds?
The Pros and Cons of Buying Bonds
If you're looking to invest your money somewhere relatively low risk and still want to earn some type of rate of return then bonds may be just what you need. According to Investopedia a bond is described as: "A debt investment in which an investor loans money to an entity (typically corporate or governmental) which borrows the funds for a defined period of time at a … [Read more...] about The Pros and Cons of Buying Bonds
Manage Your Risk Using A Financial Pyramid
Folks, One good way to manage your risk is by spreading your investments into low, medium and high risk vehicles using a financial pyramid. In a financial pyramid, the largest part of an investor's assets are in safe liquid investments that provide a decent return, such as bonds or certificates of deposit. Next, some money is invested in stocks or real estate that provide … [Read more...] about Manage Your Risk Using A Financial Pyramid
No Such Thing As Passive Income
I wanted to take a minute to weigh in on one of the internet's biggest obsessions: passive income. Passive income is the kind of thing bloggers love to write about: money coming your way with little or no effort or risk on your part. When you read about passive income, you'll usually get a list with the following kinds of suggestions: Earnings from a business that … [Read more...] about No Such Thing As Passive Income
What Makes the Rich Different?
Hi All, One way that mega millionaires are different from everyone else is: income composition. When you compare investors with over $5 million in net worth to those with 100,000 to 1 million in net worth, a big difference is percentage of income from investments. Investors with over $5 million receive 43% of their income from investments and 40% from salary. In … [Read more...] about What Makes the Rich Different?
