A while back I saw a graphic in an article showing what industries made up what percentage of all corporate profits. Banks and financial institutions made up a huge percentage of overall profits. To some this is a surprise, to others it’s all too predictable. A lot of people complain about how much the big […]
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At it’s core, building wealth is simple. All you need to do to build wealth is increase your assets and lower your liabilities. Leveraging the power of compound interest anyone can become a millionaire for seemingly minimal cost (Erin shared how $5,000 can turn into $1,000,000 for retirement). In practice it can be difficult. Debt […]
Read More >>You love your home, taking delight in its coziness and charm. Sure, it’s starting to show its age here and there, but it still has a lot of life left to give. That turn-of-the-century plumbing that gurgles in the night… it’s like a free white noise machine, right? And that electrical system that occasionally flickers […]
Read More >>Did the economy really recover after the financial crisis as the press has been claiming in recent years? If you remember, the financial crisis that occurred in 2007-2008 was not just a national crisis but an international one. In retrospect, it could very well have been the worst financial crisis since the 1930s when people […]
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To many people this may sound crazy, but I recently invested in a poker player for the first time. Investing or “backing” poker players has become more popular in recent times with entire websites dedicated to brokering these transactions. But perhaps I should take a step back and explain why anyone would want to invest […]
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There are some personal finance topics that get a lot of focus. Budgeting, tracking your spending, and paying down debt are a few of them. And then there is tax hacking. Let me be clear: I am not advocating doing anything illegal. Tax hacking is simply leveraging the tax code to your advantage. Tax hacking […]
Read More >>The elderly are taking over the world. That is, more of the world’s population is age 65 or older than ever before, and this increase is only going to double by the year 2050. At the midpoint of this century, it’s projected senior citizens will be 17% of the total global population, up from 8.5% […]
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There’s a lot of credit cards options. A Lot of options. And there’s always new ones coming out. As a consumer I like the variety of options. It’s not like other products or services where there is only a handful of options – or less – to choose from (I’m looking at you cable […]
Read More >>Entrepreneurs and travelers share a lot of traits. They like adventure, accept risk, and want to see and do new things at every opportunity. They’re hard-charging, assertive people who don’t hold back. Unfortunately, these two personalities have traditionally been very difficult to meld together into a successful lifestyle. There has always been a choice between […]
Read More >>Moving comes with mixed emotions. You are excited about going to a new place and anxious about having to pack up all of your things. If you plan ahead you can make the move enjoyable and reduce the stress that comes along with a move. There are many things to consider such as a deduction […]
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