One of the most influential books I read, while on my journey to financial independence and becoming a millionaire was, The Millionaire Next Door by Dr. Thomas Stanley. This book was particularly enjoyable for me, as an aspiring wealth builder, because it refutes a commonly held perception of what millionaires look like. There are two […]
Teenagers: Often derided as irrational, emotional, and impulsive. But the teen years aren’t totally bad. Teens are cognitively mature enough to understand more complex reasoning (unlike younger children) and not yet set in their ways like adults. The impressionable teen years are the perfect time to assimilate children into the cult of long-term financial goals […]
“Last year alone, Americans paid $600 billion in financial services fees,” says Yoav Zurel, the CEO of FeeX. “That’s more than entertainment and construction, and it accounts for about 4% of the U.S. Gross Domestic Profit.” According to says Zurel, the financial services sector collects about $1.3 trillion in fees a year, worldwide. That’s a […]
When robo-advisors first started rolling out a few years ago, it’s likely they were largely ignored by the rank-in-file among the investment advisory industry. But as the years have passed, the number of robo advisory services has increased, and the sophistication of the services has grown, they’re likely a game-changer in the investment world. Their […]
There’s often a thought that investing can be broken down to some sort of mathematical equation. But that’s not true. Nothing as profitable as investing can ever be that simple. Investing actually involves a large dose of philosophy, and that includes accepting certain truths, whether or not you’re ready to face them.
The first step in making your financial future as bright as possible is to set saving and investing goals. While it might be exciting to set lofty goals and work toward them long-term, it’s still necessary to review those goals periodically to make sure you’re on the right path. So how often should you evaluate […]
There’s nothing worse than thinking you have secured your financial future with the help of an investment, only to discover you’re the victim of fraud. It’s unfortunate that there are people out there who are so willing to milk honest investors out of their money with scams that can be hard to spot. Before entrusting […]
One of the ways that many investors like to earn money from their portfolios is through dividend investing. Companies that pay dividends to their shareholders are often considered solid bets — especially dividend aristocrats. When companies pay dividends, they are returning some of their profits to shareholders. These dividend payouts are different from stock appreciation, […]