Have you ever thought about becoming a billionaire? It's an astronomical number that most of us can't even wrap our heads around, but according toFortune Magazine, it's list of billionaires totaled 793 wealthy souls this past year. That's a pretty elite group so your odds aren't great.
In fact, your odds of being a billionaire are over one...
During one of my math classes in middle school the teacher talked about the power of compound interest and asked if any of the students had stocks. Some raised their hands and said they had stock in things like Disney or Coca Cola, nothing fancy, mostly big name companies. However, I was pretty darn jealous. I...
What's the difference between being rich versus being wealthy? Is there a difference and if so how can we separate the two similar concepts?
Being Rich
Rich is a current state of being that can happen overnight. For example: lottery winners, new found celebrities and even high payed professions such as doctors or lawyers belong in the category of...
There are a ton of different financial websites and blogs on the web. Each with their own strategy or mix of ideas. Reading through these blogs makes you realize that some ideas mix as well as oil and water. Enter financial extremism.
The vast majority of personal finance blogs are middle of the road. Pay off...
With personal finance everything is relative. Reading through blogs and comparing yourself to others using direct numbers might not be the best way to measure your progress, but using personal finance ratios could be a better indicator as to how you're doing. For example, if you're located in Iowa, your income is going to be significantly lower...
Is minimum wage really that hard to live on? I was at a friend's house last night for a small party and met a girl there she mentioned that she chose Hawaii because it was a place where you could do a lot of the things you enjoy for free and a lot of people don't really focus...
Personal finnace is pretty darn simple. Spend less than you make, save, and don't buy stuff you can't afford. For some reason people can't follow one of the most simple to follow concepts out there, which is why it's perfect for a Saturday Night Live Skit!
Watch the video to learn all you need to know about saving...
No... I'm not trying to pick you up,
Yes, I would like to know your number... your goal net worth number that is...
What's YOUR Number?
In a fairly recent series of ING commercials, individuals walk around town carrying their "numbers." Their number is the retirement amount that they require to live the life they want during said retirement. ...
I hear the phrase "a lot of money" well... a lot... but what is a lot of money? Recently I asked what you'd do with an extra $20,000 and to some that was "A lot" of money, but to others it was not a lot of money at all. What gives?
Bringing this topic up reminds me of...
Increasing your net worth is fairly straight forward. Lower your expenses and/or increase your earnings. There's only two ways to accomplish it. Although increasing your earnings has a much higher potential, the easiest way to start saving money is going to be through decreasing your expenses. For me, that means living like a poor person....
