Investing can sometimes be a dry topic, so I am always looking for creative ways to explain it, make it less intimidating and more interactive. This past weekend, my daughter and I were playing with her blocks, and she kept stacking blocks one on top of the other in her quest to build a tall tower. With the addition of each new block, the tower swayed and I was certain it would come tumbling down. That’s when the idea to use her blocks to explain stocks and bonds came to me.
Although a million dollars today doesn’t buy all that it used to, it is still worth targetting. Here are three things you must do to get the ball rolling: 1. Put your cash in the right place and start early There are two things you can do with your money; spend it or save it. As a would-be millionaire next door, it is a given that you live below your means, and you are not frivolous with your cash. So what exactly are you doing with the money you are not spending? Do you have
If you have heard the term ‘FU money’, it is likely you heard it during a discussion about a rich person with insane amounts of money, which gave them the superpower ability to say “FU” to just about anyone or any situation. At the time, or maybe even now, you probably thought ‘welp. That doesn’t apply to me!’ You are wrong. FU money isn’t something only rich people have; you can (and should) have it too. Your FU money doesn’t have to be a ridiculous sum of money, and I bet t
Welcome to 2016! As 2015 came to an end, you might have blown your budget right out of the water, or thrown it away all together. With Christmas gifts, holiday sales and other revelry, even the most conscientious spender likely spent over their budget. Now it’s 2016. Christmas trees have been packed away (mostly!) and new year resolutions have already been broken. Your bank and credit card statements begin to trickle in, and the damage you inflicted becomes horribly clear. To
I got a pedicure the other day, and after including a tip, the total came to $40. I probably get a pedicure once a month in the summer (almost never in the winter) and I rarely get manicures, but spas and nail shops are usually busy year round. That got me thinking. The average cost of a Mani-Pedi is $50, and the average frequency is twice a month. That is $100 a month on Mani-Pedis. Within a one mile radius of where I got my pedicure, there were four other nail shops. It is
My previous blog topics got right to the meat of the stock market, what it was doing, and what you should be doing based on what happened in the stock market the previous week. Not a bad approach, but I want to switch things up and focus less on the market and more on you and what you should be doing to take control of your financial future. For the readers who love the technical aspect of what is moving the market and how the market performed, not to fear, I will still have