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...
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...
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...
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. ...
People do stupid things with their money every day, these people act like money idiots.
Pretend for a moment that I'm your grandpa giving you sage, yet common sense advice. That advice would be
"Don't be an idiot with your money"
or just pretend that you're Dwight via the clip below.
A lot of people run into money trouble because they...
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....
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...
If you're like me, you can't walk through Barnes and Noble without stopping by the personal finance section. When I stopped by the store earlier today I again, couldn't resist the tempting lure of personal finance books! There were literally over 200 books about personal finance and after flipping through a few I really started to wonder....
Over the course of your lifetime you'll spend over 80,000 hours working. That's nearly 10 years straight with no breaks. Think you have that kind of endurance ;) You get the luxury of choosing where you'll spend those hours so does that mean your choice reflects who you are as a person? Are you...
"Never borrow money to pay for something that goes down in value."
Those are the words or personal finance advice from Seth Godin, one of the greatest marketers of our time.
Seth brings up a really good point that is often overlooked. It highlights the concept of good debt versus bad debt perfectly. If you're borrowing for things that...
