We have taken a look at the effect of inflation on your money’s purchasing power and the importance of having some your assets in stocks, bonds, or an investment vehicle that is indexed to inflation. Clearly, it is not possible to have all cash reserves indexed or protected against inflation. Inflation has many ways ofContinue reading “Is Inflation an Implicit Tax?”
Tag Archives: investment
Getting Rich Too Late
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”
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”
Stock Market Drops Are Opportunities
Many investors would cringe if they woke up one morning to find that the S&P500 was down 3-4%. On several occasions during the 2008-2009 bear market, the S&P500 was down more than 5%. These kinds of down days were almost considered normal at the time in fact. However, if you have a long time-horizon andContinue reading “Stock Market Drops Are Opportunities”
Taking Risks
If you want to get things done and you want to be successful, rich, accomplished, or whatever it is you dream of, then you must take it upon yourself to get up and take action. I myself am guilty of talking and saying I will do this or I will do that, but I neverContinue reading “Taking Risks”
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”
Investing Now vs Investing Later
Everybody knows that the sooner you start investing and saving, the more money you will end up with. So why do people always put off saving money and investing? Part of the reason is because they do not realize what the opportunity cost is. If most people saw the difference by the numbers then theyContinue reading “Investing Now vs Investing Later”
Money and Medicine for Millenials 