Hello Dinks, I came home this afternoon to a pleasant surprise. I'd received an old fashioned letter with five bucks in it. The five bucks was from a survey I'd done for Nielsen. If you're not familiar with Nielsen it's a publicly traded data analytics and measurement company (here). I'm part of their Computer and Mobile panel. The panel is relatively straightforward. You … [Read more...] about Nielsen Opinion Rewards Delivers
wealth building
James’ Thursday Wealth Update: Incremental Growth
All, For this posting, I'm sharing a couple of neat finance sites I found, as well as a personal wealth update. Here are the two sites I found: So I was looking around for additional passive income sources this morning and came across Neevo. Neevo is an AI training site where you can get paid to help train the software by doing micro tasks like grading essays or … [Read more...] about James’ Thursday Wealth Update: Incremental Growth
Daily Habits of Wealthy People
Yahoo finance used to be a powerhouse of great personal articles and videos. Their quality has declined as of late, but there are still some gems to be had if you're digging through the archives. Here is a quick video I like by Farnoosh Torabi. In it she details some of the habits of people making more than $150,000 annually with $3.2 million in investable assets. … [Read more...] about Daily Habits of Wealthy People
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
July Net Worth Update – Up $9,377 to $386,959.70
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
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
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
James’ 2021 March Wealth Update
So, it's mid-March, which means it's time for a monthly update. This month hasn't been too sexy, mostly I focused on consistent debt and cost reduction. Here is the breakdown of what I've been up to. Canceled Services & Reduced Bills This month I spent some quality time on the phone with Comcast/Xfinity. I got autopay set up for a total savings of $10 per month, or $120 … [Read more...] about James’ 2021 March Wealth Update
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
