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
Wealth
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
Eight Reasons Why Its Hard To Get Rich
Have ever wondered why it's so hard to get rich? In America, we love and worship rich people. Guys like Warren Buffet and Elon Musk are celebrated personalities. We also value and appreciate the actions of people like Richard Branson or Oprah Winfrey. So, if being rich is so awesome, why aren't more people wealthy? Consider the numbers. There are about 128 million households … [Read more...] about Eight Reasons Why Its Hard To Get Rich
Financial Benefits of Being DINKS
You may find as you get older that your friends tease you and ask you when you’re going to have kids. They may tell you you’re missing out but not having children. However, if you’re firmly committed to the DINKS lifestyle, you might tell your friends you’re missing out on the expense that comes with children. Indeed, there are many financial benefits of being DINKS. … [Read more...] about Financial Benefits of Being DINKS
James’ Top Finance Books
I'm crashing on some work today so here, so this posting is for everyone thirsty for good things to put into their mind. So, without further ado, here are my favorite books on personal finance. 1) The Intelligent Investor - Benjamin Graham. The author of The Intelligent Investor was Benjamin Graham. Benjamin Graham is famous for being the mentor to billionaire … [Read more...] about James’ Top Finance Books
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
Streams of Income Of The Wealthy
This posting is for readers who want some solid data on which streams of income the wealthy actually have. This is a non-trivial question because if you're building wealth, you'll want to see what's been done successfully in the past. And, most articles on this topic rely less on fact and more on speculation and anecdotes. So, what streams of income do the wealthy actually … [Read more...] about Streams of Income Of The Wealthy
The Ten Most Expensive Court Cases In History
In truth, the most expensive court cases are yet to happen. We can examine the already litigated and documented expensive court cases. However, we must realize their value has already been eroded by inflation. Yesteryear’s millions are now today’s billions. Similarly, international comparisons are somewhat meaningless. The most expensive court cases for the USA easily … [Read more...] about The Ten Most Expensive Court Cases In History
How To Analyze A Market For Real Estate Investing
With interest rates incredibly low and the uncertainty around the stock market, many investors are beginning to park their money in more physical forms of assets like real estate. Home sales around nation are up and the demand for properties is through the roof! Do you want to get into real estate but you aren't sure if your market is the best place to invest? No worries, in … [Read more...] about How To Analyze A Market For Real Estate Investing
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
