The writing is on the proverbial wall — inflation and supply chain shortages are here. The news is covering it, and there is a lot of chatter about it in online forums. The media is reporting that we're likely to have a few more months of shortages and price increases. At this point, the Federal government is doing its best, but it got a lot on its plate. A quick fix to … [Read more...] about Coping With Inflation and Supply Chain Shortages
investing
How to Turn $1,000 Into $10,000
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
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
SMBX Works
For those of you longtime readers of the DINKs, you'll know I'm usually pretty excited about up-and-coming fintech companies. The latest company I got excited about was the Small Business Exchange (SMBX). The SMBX is basically attempting to reform small business finance by replacing bank lending with crowdfunded bond marketplace options. SMBX Works - It Makes Money SMBX … [Read more...] about SMBX Works
Take Action
Success seems to be connected with action. Successful people keep moving. They make mistakes but don’t quit. – Conrad Hilton Here is a your thought for the day. Take action. High net worth and otherwise successful people have a bias to towards action. You hear this a lot from success gurus like Dan Pena, as well as from rigorous observers of the rich like Tom … [Read more...] about Take Action
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
Don’t Forget About Bonds
People - don't forget about bonds! Everyone is going nuts over cryptocurrency and the stock market, but bonds have been a viable investing vehicle since 2400 B.C. (here). And, crowdfunded bonds are becoming a thing. Title III of the 2012 Jobs Act made crowdfunding bonds legal, so a number of companies are offering these products. These are: worthybonds.com (Pays … [Read more...] about Don’t Forget About Bonds
SMBX: Bonds for Socially Conscious Investors With an Appetite for Risk
Long-time Dinks readers will know that we're not shy about FinTech investing opportunities. A few weeks ago, I found a neat little start-up in California called SMBX. It is building a crowdfunded marketplace for small business bonds — a historical first. It's an interesting company, so we're covering it in depth here. Before we launch into this, here's what you need to … [Read more...] about SMBX: Bonds for Socially Conscious Investors With an Appetite for Risk
How Much Should You Budget?
I was chatting with a friend the other day, and her sister messaged her on Skype. Her sister was curious as to about how much she should be spending on common household expenses. Well, I was also curious and decided to hit the books to see what good rules of thumb are. According to the Motley Fool, you might consider the following very rough guidelines: Housing and … [Read more...] about How Much Should You Budget?
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
