Investors (like all humans) possess built-in mental “handicaps” that poison their decision-making. The sunk cost fallacy, hindsight bias, and anchoring are just a few of the most problematic. Yet perhaps even more troublesome than these errors is the phenomenon known as “mental accounting.” Mental accounting refers to the tendency of humans to develop and make […]
We break down the average net worth of millennials by age, as well as stretch goals to be in the top 1% of millennial wealth.
The reasons why you’re still broke at 35 can include not getting a raise, not side hustling, and not dealing with your debt, but there are hacks to escape.
We review Gradible and look at the different online jobs and tasks that you can do to pay down your student loan debt.
Cisco, Intel and Microsoft Battling it Out for Dividend Yield. Just five years ago the title of this article would have seemed like fiction. At the time Cisco Systems (NASDAQ: CSCO) had no dividend at all and large cap tech was not known as a sector to chase yield. This has changed after years of […]
If you’re a conservative investor or are saving for a short term purchase you might want to include fixed income securities in your portfolio. Fixed-income securities such as bonds or, fixed deposits pay you a fixed rate of return. The interest on these may be paid periodically. As they provide an assured return on due dates […]
Last year, I helped answer a reader’s question about applying for a mortgage while on Income Based Repayment. However, over the last several months, I’ve been getting bombarded with questions about how student loan debt impacts your ability to get a mortgage. Maybe it’s because the housing market is improving, or maybe it’s because people […]
Over the last two centuries, about 90 percent of the world’s millionaires have been created from: investing in real estate. For the average investor, real estate offers the best way to develop significant wealth. As with any and all forms of investing, it is best to get started early with real estate so you can […]
What do you do if you find yourself at the end of the month and falling short of your financial goals? You could find ways to cut back your spending, but what if you’ve already cut your budget to the bare minimum? An easy solution is to make more money. Instead of the standard routes […]