The Secret Formula To Improving Your Finances is Mindset

Let’s be honest, when it comes to personal finance…you either love it or hate it. But in the end, it’s a major puzzle piece in the game of life. You just can’t ignore it. You just can’t ignore it. In this post, I want to share a different perspective on personal finance.  I’ve been studying and implementing personal finance strategies for the last 18 years and it’s been a pretty good wild ride.  Recently I realized that personal finance is more than just buying a home, being debt free, contributing…

Read More

Why You Absolutely Need Identity Theft Protection

Chances are, hackers already have your personal information. You may be very careful with your information, but you can’t control what happens to your information after you’ve given it to a third party. Do you use shop? Well hackers got into Target’s database and stole over 100 million people’s information. Do you play games or watch movies? Sony got hacked (twice) and almost as many people’s information was stolen. Do you have health insurance? Well BlueCross/BlueShield and Anthem were hacked. Heck, even personal information was stolen from the federal government…

Read More

10 Ways for You to Make Money Online

1) Review Amazon Products [wp_ad_camp_4] Amazon offers commission for sales of its products.  Depending on the volume you push, it can be 4-8% of the total purchase amount.  Here’s the real advantage of the Amazon Associates program, anything they buy within 24 hours of clicking from your website will give you commission.  If you are an avid Amazon shopper, this may be the route you can think about going.  Sites like This is Why I’m Broke make millions (based on my estimate) from featuring and reviewing Amazon products. Ideal for: Those who buy…

Read More

Tips on Frugal Living

[wp_ad_camp_1] Too often in our society we are told, either subliminally or outright, that having massive material wealth is the key to success, and therefore the key to happiness. The “people who matter,” are paraded in front of our eyes on TV and in the press with the biggest houses, the shiniest cars and the hippest clothes. (Lest we forget, they are also often paraded in front of our eyes with the biggest drug addictions, the most dysfunctional families and the longest criminal records.)

Read More

Why Having a Credit Card Can Be a Good Thing

[wp_ad_camp_1] Credit cards. Those magic “all inclusive” passes to the world of buying things you can’t really afford with money you don’t actually have. I know I’ve warned you before about the evils of credit cards and credit card debt, but in the interest of fairness, there are always two sides to every debate, so to be fair I’ll tell you some of the reasons why having a credit card  can sometimes be a positive decision.

Read More

How to Buy a New Car for the Best Price Without Negotiating

[wp_ad_camp_1] The car buying experience can be exhausting.  The research that goes into it and the pain of dealing with car salespeople takes a lot out of you.  But it doesn’t have to be cumbersome and painful experience.  You don’t have to deal with salespeople, negotiate with the dealership, and do all that much research thanks to the power of the internet.  Instead, we can use an old economic theory to help us buy a car for the lowest price possible.  The theory is called “game theory” and it lets…

Read More

Fundamental Analysis vs. Technical Analysis: Similarities and Differences

[wp_ad_camp_1] To significantly gain from investing in stocks, one has to be equipped with different strategies or approaches. The two main schools of thought any amateur investor needs to be familiar with are fundamental analysis and technical analysis. Each approach has its own advantage. But how do these differ from each other? An investor would want to know which can be the faster way to earn from the stock market. What type of analysis should be used if an investor is looking for a long-term investment? Read through this article…

Read More

Why You Should Start Investing as Soon as You Get a Job

[wp_ad_camp_1] If you are at the prime of your career, you probably do not worry about the future that lies ahead of you. You have this “devil may care” attitude towards handling your finances, not caring about setting anything aside for the rainy days. Such is where the landscape should change. Now is actually the best time for you to prepare for your retirement and what might come in the years ahead. Think that you are too young to think about retiring and saving for the future? Here are several…

Read More

How Interest Rates Work

[wp_ad_camp_1] If you want to purchase something now but do not have the cash to spend, what you can do is to borrow it. This borrowing does have a cost though, it is called interest. It is an amount that you have to pay on top of the money you have loaned– the principal amount. The rate of interest is often expressed as an annual percentage of the principal. To illustrate, if you have borrowed $1,000 with an interest rate of 10 percent per year payable after a year, you…

Read More

Is The Buy And Hold Strategy Dead?

[wp_ad_camp_1] The buy-and-hold strategy of stock investing has long been the mantra of sustainable portfolio growth.  The basis of the strategy is to buy a good company and hold onto it for years until it turns a profit—because it is a good company and the average stock return historically has been 8-10%.  The best investors have long advocated this strategy, from famed value investor Benjamin Graham, to billionaire Warren Buffett, and to pretty much any traditional stock investing book you pick up.

Read More