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
How to Deal with a Spouse Who Keeps Borrowing Money
"Mom, can I have $20 bucks to go to the movies and get some snacks?” Kids are notorious moochers. Why work hard and learn to budget when some kids just ask their parents for money? As a grown-up DINK, you probably thought the days of borrowing money were behind you. After all, you’re self-sufficient now, and you don’t have kids to ask you for money repeatedly. However, some … [Read more...] about How to Deal with a Spouse Who Keeps Borrowing Money
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
Should You Buy Decreasing or Level Term Life Insurance?
Do you have life insurance? Many adults only buy it after they have kids so the kids will be supported if a parent passes. However, buying life insurance is a responsible decision for each partner in a relationship, even if they don’t have kids. Once you decide to buy life insurance, you will need to choose if you should buy decreasing or level term life insurance. … [Read more...] about Should You Buy Decreasing or Level Term Life Insurance?
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
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
Resources to Learn How to Invest in Real Estate
Aaron and his wife, Makiko, are DINKS living in Oregon. Originally, both had full-time jobs. Then, Aaron’s mom suffered from failing health and decided to move in with them. Aaron decided not to sell his mother’s house. Instead, he kept it and rented it out so his mother would have a steady source of income from the rental in addition to her social security and small IRA … [Read more...] about Resources to Learn How to Invest in Real Estate
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
