When I was 20, I had worked at a community college as an English tutor for two years. When I quit the job to transfer to a university several hours away, I was given the choice of cashing out my retirement or rolling it over. I didn’t know much about finances, and I was broke, so I took the cash out. Even though my retirement account was only about $400, I sometimes wonder how … [Read more...] about How to Turn $1,000 Into $10,000
Stocks
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
How to Invest in Palladium
Those who want to invest in precious metals most commonly look to gold and silver. However, palladium is another, lesser-known option. Used in the car industry, specifically for catalytic convertors, palladium is a necessity for car production. Mined mainly in South Africa and Russia, and to a lesser extent in the United States and Canada, palladium can be a nice attribute to … [Read more...] about How to Invest in Palladium
Wealth Building After The Basics
Everyone's personal financial situation is different. Some people are still getting organized, others are in better shape. So, for many the question is: after you've got the basics nailed down, where do you go after that? For example, after you've paid off your high interest debts, have an emergency fund and are sticking to a budget, whats the next step? Well, there … [Read more...] about Wealth Building After The Basics
Things To Know Before Investing in Oil Wells
Are you considering investing in oil wells? The oil industry has long been fickle. Some years you may double your income from a stock, and other years, you may face significant losses. In some ways, investing in oil stocks can feel like gambling. Having said that, people continue to invest in oil wells because the rewards can be so enticing. However, before you invest your … [Read more...] about Things To Know Before Investing in Oil Wells
What’s Driving The GameStop Revolution?
The biggest thing to happen in the markets this year is the action on GameStop, Inc. You've probably heard what's happening but briefly summarized small traders, using internet forums like Reddit, 4chan, and TikTok, led by a man calling himself “Roaring Kitty” have coordinated to drive up the price of GameStop, Inc. This was made possible by mass use of stock trading apps, … [Read more...] about What’s Driving The GameStop Revolution?
How Much of Your Time Does It Really Take to Actively Follow A Stock Trade Alert Service?
When it comes to increasing your wealth, you don’t want to be working two or three jobs, and if you already are, you don’t want to take on another. That is why trading and following stock alert services can be the ultimate decision to increase your financial stability and grow your wealth. While some stock alert services can become time-consuming, plenty of them are built for … [Read more...] about How Much of Your Time Does It Really Take to Actively Follow A Stock Trade Alert Service?
Poverty is Due to Individual Traits
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
Investing Tips Under the Biden Administration
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
How to Convince Your Spouse to Invest in Stocks
You may live for the thrill of investing and enjoy seeing your money in your portfolio grow. You may also weather any stock market downturn with resilience, confident that what goes down must go up. However, what do you do when your spouse is less than interested or even fearful of investing in the stock market? Depending on your partner’s personality, there are several ways … [Read more...] about How to Convince Your Spouse to Invest in Stocks
