-
How We can Fill the Financial Void in Young Adults
Throughout the great years of high school, no one ever sat me down to discuss what possibilities I could have financially in the future. All my teachers, guidance counselors, and coaches only asked me how my grades are, what do I want to study, or what was I planning to do after I graduated high…
-
Seven Things Successful People Say no to Everyday
They say no to opportunities and things that don’t excite them, speak to their values or further their mission in life. They say no to superficial networking events in which people swap business cards and never hear from one another. Why? Because successful people don’t network. They build relationships. They say no to spending time…
-
Three Best Online Stock Brokers For Beginners
As a new investor education is the most important aspect to focus on. Trying to trade stocks won’t do you any good without knowing the basics of trading stocks online. These three trading platforms for beginners offer three main things and they are simplicity, education and a strong variety of educational tools. When I first started to…
-
3 Levels of Financial Freedom
Level One- Financial Solvency Financial Solvency is when you’re able to earn enough money where your debt and living expenses equal your income. Here you are living paycheck to paycheck with no money in your savings account and no money in investment funds. You have no room for unexpected expenses or personal adventures. Just going…
-
Should Financial Literacy be taught in High School?
Yes, it should, High School fails to teach students personal finance. Instead, schools make students sit through classes forcing them to learn math that they will never use or be part of uncooperative group projects where one student does all the work. At the same time, high school tests the memorization of the material, not…
-
Dividend Reinvestment vs Compound Interest
After reviewing Dividend Reinvestments and Compound Interest I would like to make a post comparing some pros and cons. I will also give my opinion as a follow-up. Dividend Reinvestment Pros Cons Shares are appreciating assets Stock market is unpredictable More stocks = Larger dividends to reinvest Companies may not be able to pay out…
-
Compound Interest
Compound interest is the concept of investing in something like a CD (certificate of deposit) or a bond. These two both have fixed rates and a fixed sell date (called maturity date). This means the CD or Bond is worth its max on that date and you can acquire your money at that time. So…
-
Dividend Reinvestment
Dividend Reinvestment, what exactly does that mean? First, you need to understand what a dividend is. If you need a refresher, please check out Tunaman222’s post called “What is a Dividend?”. So now you understand what a dividend is. The idea of dividend reinvestment will take your portfolio to the next level, and it is…
-
Investing in the S&P Compared to a Bank CD
Investing in stocks is very important for long term growth, but be aware of volatility and risk. A bank CD is a safe way to save money without any risk. With a bank CD, the account owner gains an annual interest of only around 2-5%. To me, that is not enough, and I think investing…
-
How to Invest Like Warren Buffet
As we all know Warren Buffet is the most successful investor in the world. Modeling our investing strategies after him are crucial. Here is a list of questions inspired by Buffet we ask ourselves before purchasing a stock: How unique are the products sold by the company? How much debt does the company have? How…
Financial Freedom 101 