It may seem strange to discuss a topic like diminishing returns on an investment site, after all aren’t we all trying to increase our returns? Yes, but in economics and investments, diminishing returns is a very important topic to understand. You don’t want to continue your same efforts, with the same (or even less) reward […]
Ever wonder how the wealthy people made their fortunes? Talk to a few of them and you’ll realize no two wealthy individuals followed the same path to freedom. But financial success isn’t a total mystery. There are a number of common habits among the financially successful that tend to lead to wealth, if you just pay […]
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 […]