The Best Personal Finance Content for Middle Incomes

Home Posts Tagged "investing"

investing

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5 Signs You Are Ready To Buy A House

I didn’t really know what I was doing. I was thinking about it for years before, but I never made any move. The signs just weren’t there. I didn’t know what to look for. And then reality hit and I bought a place within 4 days of being on the market.

It’s a miracle that everything turned out the way it did really.

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Should You Pay Down Your Mortgage Faster or Invest?

This can actually be a very controversial topic. And we’ve talked to people who firmly believe that you should get to paying off your mortgage and living mortgage-free as soon as possible, and we’ve also talked to people who firmly believe the exact opposite!

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Homebuying 101: Is Your Home an Investment?

A lot of young people always ask me, ‘How do I buy my own home?’ And my first question is like, ‘Why do you want to do that?’ And generally, I think they think #1, it’s cool to own your own home, you can do whatever you want to it! You’re the boss, you don’t have a landlord! But #2, they always say ‘Well, it’s always an investment, right? It’s a good investment.’ And that’s not necessarily true.

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Fyre Failure, Fyre Fraud – Four Lessons For Us All

As I was watching the train-wreck that was the Inaugural (and only) Fyre Festival unfold, what jumped out at me wasn’t just the story of the con, or the lengths to which people were willing to go to pull this thing off (cough, Andy, cough).

Instead, I took away four lessons we can all use in our everyday lives.

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Why You Should Think About Financial Independence and Mini-Retirements

My trip to South America had a new name! It wasn’t a holiday, it was a Mini Retirement! And I was thrilled by the idea of making them a regular part of my life, so I set about redesigning my lifestyle and my work. I promptly quit my job. And in 5 years I took 5 mini-retirements, totaling 22 months off. In between those periods of mini-retirement, I would do consulting gigs in the mining industry, and I would also tinker with my start-up, which later became my business.

Now the question that might be rising in your minds right now—and it’s a logical one!—is, how does someone in their late 20s afford to take more than a third of their time off work? How do they afford a roof to sleep under? Or a car to drive? How do they afford to eat? It’s a really important question.

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What You Need to Know About Risks

There is a general misunderstanding of risk in relation to investing. A lot of people think risk is a ‘thing’ with defined boundaries and a solid, immovable shape. But quite the opposite.

Risk in terms of personal finance can actually be categorized into 3 separate entities that interact with each other. They are like a set of siblings.

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Index Fund Investing: It’s a Grower Not a Shower

We have all heard stories of people losing life savings from investing in Enron or people who invested too heavily in dotcoms when that bubble burst in 2000. These are real risks that influence real dollars. It is irresponsible to jump into the market with both feet if you don’t know what you are doing.

So now that you are ready to just stuff your cash in your mattress rather than invest in the market, let me tell you about index fund investing.

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10 Financial Goals to Conquer in Your 30s

Now, it is no surprise that most rich people are reviewing their goals and making goals. Author Thomas Corley, Rich Habits, found that 62% of all rich people not just set goals but they review them every single day. When is the last time you reviewed your goals?

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