The key to getting rich is no secret. It takes disciplined saving and investing over a long period of time. I frequently give examples such as if you invested $10,000 at age 25 at an assumed rate of 8% and added $500 every subsequent month you would have $2,177,959.01 by age 65 when you retire. Continue reading “Getting Rich Too Late”
Tag Archives: invest
Optimism and Pessimism in the Stock Market
From time to time my friends will ask me about my investments in the stock market when they see headlines about the market. For example I once had a friend ask me how I felt about stocks losing 2% for the week due to fiscal cliff worries. If you have read even a few ofContinue reading “Optimism and Pessimism in the Stock Market”
The Cash Secured Put
We recently took a look at the covered call strategy and how it can be used to not only generate monthly income but also sell out of stock positions if your shares get called away. If your shares get called away there is still a way to collect your monthly options premiums and get backContinue reading “The Cash Secured Put”
Why I Love Dividends
A well run company with a fair valued stock price that pays a dividend is a beautiful thing. One reason I love dividends is that regardless of the stock price, you will receive the same dividend payment. For example, let’s say you invested $10,000 in JP Morgan (JPM) at a stock price of $100.00. YouContinue reading “Why I Love Dividends”
Declutter
I have continued to sell things around the house on eBay. It has turned into a bigger project than I ever thought it would be. I initially started selling things off because I had a bunch of clutter taking up a lot of space in my apartment. Then I realized that selling all of thisContinue reading “Declutter”
Buying A Stream of Profit
There are many perspectives from which people can view investing money. A lot of people view investing as buying stocks or real estate and hoping that the value of their shares or properties goes up over time. Many of my friends believe that the only way to get rich through investing is to purchase aContinue reading “Buying A Stream of Profit”
The Importance of Savings
We have all heard the idiom “Don’t work for your money; make your money work for you.” This is the very essence of how passive income works. You save, invest, or accumulate money in any way that you can, and then you put it into an asset that throws off cash for you regardless ofContinue reading “The Importance of Savings”
Shorting Stocks
Nearly everyone knows the mantra of buy low and sell high. This is a great way to make money when asset prices are rising. Many mistakenly believe that this is the only way to make money. On the contrary, you will find there are countless ways to make money in the world, and there isContinue reading “Shorting Stocks”
The Tipping Point in Wealth Creation
Many people have touted the $850,000 mark in investment assets as the great tipping point in wealth creation. I wholeheartedly believe that the $100,000 mark in investments is the true tipping point. I believe this because $100,000 is the point for a lot of people in which their investment income becomes significant and may outpaceContinue reading “The Tipping Point in Wealth Creation”
Selling Your Time for Money
The mainstream view of providing an income for yourself and your family is that you need to get a job and go to work every day. We are supposed to go to college to get an education in order to obtain a great job after we graduate. Once we get that job we need toContinue reading “Selling Your Time for Money”
Money and Medicine for Millenials 