I am hearing more and more about Bitcoin from my friends. Bitcoin is all over the financial news and people are talking about making tons of money on every personal finance forum that I read. There is a lot of hype on cryptocurrencies. Aswath Damodaran teaches finance and valuation at the stern school of business … Continue reading What You Need To Know About Bitcoin
Transportation is more expensive than most Americans realize. A typical American will spend thousands of dollars a year on transportation without even considering alternatives to owning and driving a car. This ends up being one of the biggest expenses and yet we spend no time considering alternatives. Time spent optimizing this decision will pay off … Continue reading Hacking Transportation Series-How Much Is Your Car Costing You?
Earlyretirementextreme.com This was the original financial independence retire early (FIRE) blog. Jacob, the author wrote a book called “Early Retirement Extreme”. The blog details how he was able to drastically cut his spending in order to retire within 5 years. He did this by dramatically cutting his housing, transportation, and food costs. He found rent … Continue reading Most Influential FI Blogs
Thanksgiving isn’t just for the 4th Thursday of November. Regularly giving thanks or writing the things you are grateful can create massive increases in both your finances and your happiness. Thanksgiving and Finances How does giving thanks impact your finances? Gratitude is one of the best ways to increase happiness. It teaches you to enjoy … Continue reading Thanksgiving: Secret To Life?
Before I found out my wife was pregnant with my son, I was comfortable with my finances. I was saving a good percentage of my relatively small teacher’s salary. However, once I knew that I had a child on the way that I wanted to provide for, I instantly became worried that my teacher’s salary … Continue reading How Much Do I Need To Spend On My Child’s Education?
The proper investments for an individual vary based on his/her specific situation with many factors to consider in addition to those mentioned in the previous post, Investment Considerations. None of the recommendations here are taking into account your specific situation and should not be considered investment advice. Investing carries a large chance of losing money and … Continue reading Investment Recommendations
You set up your retirement account, but what investments should you invest in? This varies greatly with each individual, but here are a few things to consider. How long until you will be drawing money from the account? The amount of time before you will be using your money will change your risks. Over the … Continue reading Investment Considerations