In this article, I want to share with you how I saved my first $250,000. I hope this doesn’t come off as bragging, but rather demonstrate some of the things I did to get where I am today. I was lucky enough to have just the right combination of things happening to me that I … Read morePut Your Savings on Autopilot: How I Saved $250,000
I have been investing in the stock market for nearly 10 years and acquired quite a bit of experience and knowledge (mainly through making mistakes). I’ve never codified on to a piece of paper until today. Before I begin, I want to give credit where credit is due. This post was inspired by CommodityWorld.com’s Common … Read more35 Rules of Common Sense Investing
Before I started this blog, I did not really have a good financial goal. Actually, my financial goal was similar to 99.9% of other Americans…I wanted to be rich. But what is rich? In Are you wealthy? Here’s a test, I defined wealthy as: “…when income from my assets can cover all my family living expenses … Read more$1 Million by 2017. What’s Your Financial Goal?
For new investors, a stock market crash can be a frightening experience. In the past few days, there were a lot of gloom and doom talk about the stock market that closed 13,265.47 on Friday, July 27 off the record high of 14,000.41 sets on Thursday, July 19 — a 9.47% drop in 6 days! … Read moreWhat to Do When The Stock Market Crashes
To many people, wealthy means having an abundance of material possessions. Wealthy people are those that own big houses, luxury cars, yachts, expensive watches, etc. But is that really wealthy? For me, I would consider myself wealthy when income from my assets can cover all my family living expenses and a few luxuries. There is … Read moreAre You Wealthy? Here’s a Test
Do you ever wonder if you are charging too little for your rental property? On the other hand, if you are a renter, do you ever wonder if you are paying too much? Today, I stumbled upon a site called Rentometer. Just enter your zip code, rent, the number of bedrooms, and the number of … Read moreAre You Paying Too Much Rent? Check With Rentometer
What are Exchange-Traded Funds (ETFs)? They are a relatively new class of investment funds that hold underlying assets like a mutual fund, but are traded on a stock exchange like individual stocks. To better understand ETFs, here are some of the characteristics groupped into their similarity with mutual funds and individual stocks. ETFs are similar … Read moreWhat are Exchange-Traded Funds (ETFs)?
CNN Net Worth Calculator is an interesting tool that let you enter your age and income, and it returns the median net worth for people in your age group and salary range. I punched in my numbers and I am glad to say that I am doing quite well compare to people at my age … Read moreNet Worth Calculator: How Much Should Your Net Worth Be?
A week ago my wife bought me a book Rich Dad, Poor Dad by Robert T. Kiyosaki. This book has been around for many years, but I didn’t read it until my wife literally threw it on my lap. My first reaction was inspired and mesmerized — the book got me thinking about money and … Read moreReview of Robert Kiyosaki’s Rich Dad, Poor Dad
I want to build my wealth, but I found many personal finance books to be boring and intimidating. They usually go into great detail about setting your financial goals, budgeting, etc. — but they don’t tell you the big picture in a simple and concise way. As the most financially astute person in my family, … Read moreWealth Building Made REAL Simple