This is an Other Side of the Fence article, in which I take the opposite viewpoint of a popular idea and/or debate a specific thought.
Talk to any financial adviser and they'll all say the same thing. It's never too soon to start investing, investing young is the way to go. Then they'll put out the table comparing...
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...
Auto financing can be a lot tougher if you lack credit. But auto lenders have loosened the reigns and allowed individuals to acquire cars without credit. As an interested car buyer, you will first identify your vehicle of choice, compare prices, and locate a dealer. You will then be faced with the task of convincing the auto lender to...
My previous post "Is living on minimum wage possible" brought quite a bit of mixed opinion. In fact a few strongly disagreed with me in the ability to live on minimum wage. Words like "impossible" were thrown out, which actually surprised me a bit. Maybe I'm just picking a fight here, but I think people often...
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...
Creating wealth is far from rocket science, but it does take discipline, a consistent mindset, and the right set of knowledge. Although I can't instill discipline into anyone reading this post I can give some basic tips for creating wealth to set you in the right direction. If you'd like to create more wealth in your life...
The topic of money doesn't come up that much, being a social taboo and all, but when you have to explain your spending habits as a frugal consumer it can create a few odd looks and perhaps a judgment by your peers as being cheap. Being frugal it's safe to say that, you're in the minority... Most people...
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...
