Readers, I've been thinking seriously about what I can do to better build wealth - and I thought I'd put it out there. What's been the #1 driver of your wealth? Stocks? Real estate? Saving? 401(k)? Beanie Babies? Leave a comment below. … [Read more...] about Readers – Whats Been The #1 Driver of Your Wealth?
wealth
Die with Zero: One Little Book That Changed My Perspective on Money
A few decades ago, I read Your Money or Your Life by Vicki Robin and Joe Dominguez. It changed the way I thought about spending money, especially the formula that looked at hours worked in relation to the price of something that you buy. For instance, if you’re going to buy a meal out, that may equate to one or two hours of work, especially if you’re young and just starting … [Read more...] about Die with Zero: One Little Book That Changed My Perspective on Money
December Net Worth, Drooping Assets and Living Off The Land
Okay, so I sat down and updated my net worth this week. My total net worth for December 2021 sits at around $386,000. The major components of this are my online business, home equity, some stock, and some other assets. My wealth is pretty much like a drooping houseplant at this point. It's flatlined over the last few months. I've got more bonds, crypto and … [Read more...] about December Net Worth, Drooping Assets and Living Off The Land
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
Money Moves Monday
Like a lot of you, I'm full time employed, but I'm still cash constrained. So, I've been looking for ways to that are truly passive to supplement my income. Therefore, by way of a personal update, here are some things I've been working on: First, selling my personal data to build up some passive income. I signed up for Nielsen Opinion Rewards and a company called … [Read more...] about Money Moves Monday
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
Why Episcopalians and Jewish People are Richer
Religion is one of those topics that's unexplored when it comes to personal finance. If you surf the web, you won't find much discussion of it. If you read the Wall Street Journal or Investors Business Daily, you hardly see a mention of religion at all. This is a shame. If you look at it, religion has played a defining role in much of human history. For example, religion was … [Read more...] about Why Episcopalians and Jewish People are Richer
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
