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
wealth building
I Love Fintech, or Small Business Bonds For The Win
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
Sign Of The Times: Massive Divergence Of Financial Assets Of Top 10% Vs. Bottom 50%
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%
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.
What Is A Nest Egg and How Do You Build One?
Its past new years and before tax season. That means a lot of people are thinking about how to allocate their money for retirement. You may also be considering how to build up your own nest egg. But, what is a nest egg and how do you build one? Here is a handy definition and some rules of thumb. … [Read more...] about What Is A Nest Egg and How Do You Build One?
Top Personal Finance Books Worth Reading
It’s a no-brainer that some degree of education is necessary to get ahead these days, so I’m including a list of my top personal finance books worth reading. The list only has 5, but all of them can help you transform your relationship with money. … [Read more...] about Top Personal Finance Books Worth Reading
Pick Stocks For Maximum Profit
Since this is a personal finance blog, I thought I'd share some thoughts on picking stocks for maximum profit. This posting is geared for active investors who are interested in taking more risk to get more return. If you're into passive index fund investing, this isn't the article for you. … [Read more...] about Pick Stocks For Maximum Profit
Are Smart People Richer?
Not everyone is born the same. Some people are born taller or with better eyesight than others. Environmental factors like socioeconomic status impact life outcomes. One particular outcome of interest to readers of personal finance blogs is the relationship between intelligence and wealth - in particular, the question: are smart people richer? … [Read more...] about Are Smart People Richer?
Try Motley Fool Picks When You Can’t Time The Market
You have cash to invest and want to start profiting from the stock market right away. The problem is your experience isn't great but you want to improve your chances of making money. You've heard friends talking about timing the market and you're thinking maybe this how to get your first million. Problem is, none of your trading friends are rich. So, you know market timing … [Read more...] about Try Motley Fool Picks When You Can’t Time The Market
Typical Household Wealth Drops by A Third
If you're feeling some frustration in your budget, you're not alone. The latest analysis from the Russell Sage Foundation is that the median household net worth of Americans has declined by 36% since 2007. Why? The poor and working class have been less effective in getting over the great recession's hangover effects from 2007. The story is even worse once you factor in the … [Read more...] about Typical Household Wealth Drops by A Third
