Okay so I sat down and calculated my net worth last weekend. I'm up 2.48% from May. July's wealth total was $386,959.70, up $9,377.09 from May's $377,582.61. The major long term drivers of the growth have been: A. Appreciation of my condo unit. The value of the condo increased by about $1,000. B. Growth of my stock - I was able to make a substantial deposit of … [Read more...] about July Net Worth Update – Up $9,377 to $386,959.70
building wealth
Eight Reasons Why Its Hard To Get Rich
Have ever wondered why its 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
T. Harv Eker On Money
"Let me put it bluntly: anyone who says money isn't important doesn't have any! Rich people understand the importance of money and the place it has in our society...poor people validate their financial ineptitude by using irrelevant comparisons. They'll argue 'Well, money isn't as important as love'...What's more important, your arm or your leg? Maybe they're both … [Read more...] about T. Harv Eker On Money
Key Differences That Build Wealth – Poor Versus Rich
I drive around rural Oregon a lot these days. I live in Portland and commute on a semi-regular basis to the Oregon coast. It's interesting going from the relatively affluent Portland suburbs to the poorer rural parts of the state. It usually has me wondering what it means to be poor versus rich. So, for this article, I did some research and came up with an … [Read more...] about Key Differences That Build Wealth – Poor Versus Rich
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
Rough Times: Pay Off Your Debts
If you're like us DINKs, you're probably wondering how to improve your financial bottom line. The recent covid related economic slowdown has torpedoed some people budgets, so some options for seeing immediate gains to one's net worth are limited. One way to immediately improve your bottom line is to pay off your debts. There are several advantages in doing so. First, … [Read more...] about Rough Times: Pay Off Your Debts
Don’t Forget The Basics
Everyone is looking for a fast buck in the stock market these days, but they forget there just isn't any substitute for following good basic advice. So here is a list of personal finance advice that works. 1) Pay Off High Interest Debt. If you have any credit card debts, payday loans, title loans or other high interest garbage, pay it off. Credit cards will charge you … [Read more...] about Don’t Forget The Basics
James’ January Wealth Update – Up $63,000
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
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
More Rioting. Don’t Worry, We’ll Get Through This.
I got up this morning and started reading the news. Evidently there was another round of riots in Minneapolis, Oakland and aggressive protests in Portland, Oregon last night. This comes on the heels of civil disturbances in Chicago and Denver earlier this month. Here is the latest from Portland. … [Read more...] about More Rioting. Don’t Worry, We’ll Get Through This.
