Well; you won't have to imagine; I will show you. Senator William Roth of Delaware is one of your best friends and you probably have no idea who he is. Senator Roth included a piece of legislation in the 1997 Tax Relief Act that fundamentally altered methods of planning for retirement. In my last post … Continue reading Imagine the Power of Roth!
That's not a rhetorical question. I am seriously asking you to take a deep dive into your 401(k). There are numerous articles written on the 401(k)s, but they are all misleading in one continuous manner; they are written in a way that assumes this is some sort of centrally managed government program. Nothing could be … Continue reading What’s in a 401(k)?
There are three types of income. No matter how you earn money; it will fall into one of three buckets. Below I will talk about the three buckets and how each of them can impact you. In order to achieve wealth; you will need income distributed over the three buckets in some capacity; as it … Continue reading The Income Pyramid
Money is at the core of all financial discussions. In summary, money is a tool to be used as medium of exchange for the purchase or sale of goods and services. One issue in today's world is that the United States Dollar is backed by the full faith and credit of the United States. When … Continue reading Let’s Talk About Money
The inspiration for this post comes from questions that show confusion over investing versus speculating. Investing, in it's purest form; is where you put up capital (Money), and you expect a reasonable return on the investment. The return is what is paid to you as a form of profit for your business, or if you … Continue reading What is Investing?
Always remember that whenever you hear someone say something like, "Achieve wealth in 3 simple steps!" that it is not entirely genuine. Simplicity is mutually exclusive of effort level. Example: I can get my wife to declare her love for me in three simple steps A) Bring her a present home from work.B) Prepare a … Continue reading Simplicity Does Not Equal Ease
Christmas is over and you will be returning to work soon; or already back at work. Have you checked you bank balances yet? Or worse, have you peeped at your credit card balances? If you are like 43% of Americans; you will likely be carrying that balance into the new year. So what do you … Continue reading Ready for Reality?
Have you ever looked at your surroundings and thought to yourself how thankful you are for all that you have? You may look around and think you do not have much, but remember that if you live in America, by virtue of being a citizen, you are the 1% of the world. I am not … Continue reading Are You Thankful?
Let's assume that today I gave you $10 Million? What would you do with it? According to several studies and general history; you would blow it and have nothing in three to five years. Money and money management is a mindset. At the most basic level; you must have the volition to withhold the urge … Continue reading The Psychology of Money
What is the rule of 72 and why is it relevant to you? The rule of 72 is one of the simplest financial formulas in existence. It seeks to answer the following question: "If I have $1; how long will it take to be come $2?" Seems like a simple enough question right? But the … Continue reading How to Double your Money