Bank runs are not just a thing of the past. In fact, there was even a bank run in 2019 in the United Kingdom because of a Whats App rumor. But what exactly is a bank run? Should you be worried about it? We'll explain. … [Read more...] about What Happens During A Bank Run?
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?
A few weeks back, I took some of the holiday gift money I'd received and put it into small business bonds. I did this via a neat, if not somewhat risky fintech I'd discovered last year. Well, it seems like the bonds are starting to get processed and issued. I just received this in my email today: Even though its electronic, its nice to get the actual bond … [Read more...] about I Love Fintech, or Small Business Bonds For The Win
More and more couples are living together before they marry. While many of these couples may start out in apartments, the longer they live together, the more they may think of buying a house together. Especially in our current economic climate of record low mortgage interest rates, buying a home together seems like the next logical step in a committed relationship. Be … [Read more...] about Risks of Buying a Home as an Unmarried Couple
Here is an example of a K-shaped chart for you. This shows the long time divergence of the amount of financial assets held by the top 10% versus those held by the bottom 50% of wealth percentiles. The graph has different axes, so sit and look at it for a while. In a nutshell, the share of financial assets held by the bottom 50% has declined from 71% in 1989 to 2.3% in … [Read more...] about Sign Of The Times: Massive Divergence Of Financial Assets Of Top 10% Vs. Bottom 50%
When it comes to making extra money, the options are seemingly endless. The gig economy has led many to join ride-hailing services, try their hand at writing, or simply do surveys for some pocket cash. However, many of those potentially income-increasing routes don’t ignite everyone’s passion. Luckily, if you have a love of photography, you can make money as an amateur … [Read more...] about How to Make Money as an Amateur Photographer
If you know you’re likely headed for divorce, you may want to protect yourself by selling assets such as property, personal items, cars, etc. However, there are many aspects to take into consideration before making any such move. Selling possessions before divorce can have serious repercussions in how the court treats you once you file the divorce papers. … [Read more...] about Can a Spouse Secretly Sell Possessions Before Divorce?
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
Editors note: In light of the protesting today at the US capitol building - this article is being republished. Unless you've been away from the internet in the arctic, you're probably aware of recent events following the killing of George Floyd in Minneapolis. The country has been gripped by the largest wave of civil disorder since 1968. The costs of riots are substantial. … [Read more...] about The Costs of Riots
The perfect DINK formula is a couple with two incomes and no children. These couples may remain DINKs forever, or being DINKs may just be a stop on the way to having children. There are general assumptions about DINKs, so for fun, we created this DINK cliche test. Are you a perfect DINK according to the test? … [Read more...] about Are You a DINK Cliche? Take the Test.