There are many investment platforms available today, and there are advertisements daily for new ones, it seems. With novice investors seeking opportunities to get started, it can become a little overwhelming to begin building a portfolio. But, let’s face it, you aren’t retiring on interest from a money market account. Two platforms have made it their … Read more
This is a guest post from our friends over at MultiMillionaire Road. This brief post should help you to visualise as to why diversification is necessary in building wealth. I mentioned in a previous post that one of the important features of becoming a multimillionaire is diversification. Without going too technical, here is a brief definition … Read more
When people hear that someone has money, we tend to think that they have a high paying job, they were born into money, they hit the lottery, or some other method of instant windfall. Rarely do we consider that the person might have just been responsible, and saved their money. I’m a huge fan of … Read more
Once you have decided to invest in property, a long and complex process is in the making. The services of a reputable real-estate agent will make the process easier. Real-estate agents offer many services to their clients including many for free. Finding a suitable mortgage is paramount when buying property and the use of a … Read more
If you work for a larger company, then chances are in your favor that they offer an employee stock purchase plan. Many people don’t participate in these programs for one reason or another, but we are going to discuss why you should consider this investment option, and some reasons why you shouldn’t fear it. … Read more
Have you ever heard the phrase “If it sounds too good to be true, it probably is.”? This phrase speaks more words of wisdom than I ever could, but for some reason people forget it or ignore it. Everyone is in such a big rush to get rich quick that they throw caution to the … Read more
I’ve written critical articles about the costs of college tuition. It isn’t that I hate college, I love education, but it’s possible that college tuition costs can out-weigh their value. I love education, I love books, I love learning, I love understanding new things. Simply put: Education Is Your Friend! I will always be an advocate of … Read more
This is an extremely simplistic view of your financial lifestyle. If you’re anything like me, then seeing things boiled down to their simplest terms is the best way to look at subjects. Most complex topics are built off of simpler ideas. An example is how computers operate off of an organized system of 1’s and … Read more
One of our first articles was about diversified income streams. If you’re not sure what that means, then here’s a quick run down. Have you ever heard the phrase “don’t place all of your eggs in one basket?” People try to avoid this all the time, except with their income. Too many people depend on … Read more
If you like what you read, then subscribe to our feed! Today will be a more philosophical day, and a day of self-reflection. Sometimes, in our blind ambition, we find ourselves forging forward with all of our might, but don’t exactly know where we’re going. This happens often in finance when people are working, spending, … Read more
Choosing stock prices might sound impossible, but it is integral to your investment strategy. When someone is new to investing, it can be tempting to buy anything right away. Maybe you’ve researched a stock so much that you know it as well as you know your own brother, but you must have discipline. What we … Read more
If you like what you read, then subscribe to our feed! The slot machine, it is an iconic symbol of decadence that prevails throughout the world. From the Las Vegas Strip to the St. James Club in Antigua, from Atlantis Resort in the Bahamas, to Casino Baden-Baden in Germany, few people in the developed world … Read more
It’s not only a neat rhyming phrase, it is a rule of thumb that you should consider employing if you aren’t already. Use that you can lose is simple in philosophy, but abundant in knowledge. The idea is that you should invest money with the understanding that you can and may lose it all. Another … Read more
In the world of retirement investing, there is one term you should get extremely familiar with: Roth. This is especially important if you are a young person. Right now, we will focus on Roth IRAs and the less common Roth 401K. Essentially, Roth accounts are funded by after-tax money rather than pre-tax, but we will … Read more
Just the other day we did a book review of “Why Are We So Clueless About The Stock Market?” by Author, and President of Classic Value Investors, Mariusz Skonieczny. We had a chance to catch up with him and do a little interview about his book, his past, and his investment philosophies. Let’s begin: Question … Read more
Recently, we’ve had the pleasure to read a great finance book titled “Why Are We So Clueless About The Stock Market?” by Mariusz Skonieczny of Classic Value Investors. The book is a fairly short read, weighing in at only 164 pages, but don’t let its length fool you. What We Liked: Extremely easy to read Easy … Read more
Dividend Investing If you are currently investing for dividends, passive income, or have any plans to begin dividend investment then you should sit down and familiarize yourself with the Dividend Aristocrats. No, these are not cats that pay dividends nor are they snobby men that hand out money, it is an index of stocks that have something in common: they … Read more
What Is Yield On Cost? When investing in dividends, an important idea is “yield on cost.” If you’ve never heard this phrase before, it is OK, but it is terribly important to understand. Yield on cost is basically a short way to say: “The current return you are getting on a security compared to the … Read more
You diversify your investments just in case, you purchase health insurance, car insurance, home owners insurance, and countless other preventative products, so why do you depend on one company for your income? Often overlooked, people put all of their “income eggs” into one basket. Growing retirement income is an excellent and highly suggested path to … Read more