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: retirement
Interest Rates: Hot Housing and All-Time High Stock Market
I have often said in the past that if you can understand interest rates, then you can understand just about anything going on in the economy with regard to a macro-scale. In today’s world, this couldn’t be more true. Let’s take a look. Mr. Smith wants to buy a house. He has $250,000 for aContinue reading “Interest Rates: Hot Housing and All-Time High Stock Market”
Opportunity Cost of New TV
Today one of my good friends and I were watching a sporting event on my TV at my apartment. I have a 32” flat screen TV that by my standards is pretty large. However, my living room has a lot of space, so it dwarfs the dimensions of the TV and makes it look small. Continue reading “Opportunity Cost of New TV”
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”
Tap Dancing to Work
Carol Loomis published a book on Warren Buffett covering the years 1966-2012 of his life. The book is called Tap Dancing to Work. The first time I read this title I thought that it was just some clever marketing title to grab attention, but once I found out the meaning of the title it meantContinue reading “Tap Dancing to Work”
Never Ending Surplus
How can one tell when they have enough money to retire? This is a question that is highly personal and varies from individual to individual. There is no magic number even though society would have you believe that 65 is that magic number. It could very well be 45 years old, 75 years old, orContinue reading “Never Ending Surplus”
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”
Jump Start Your Savings on Ebay
A couple of months ago I decided to clean up my apartment. I realized that I had a ton of extra stuff that was just taking up space. In fact, a lot of it was old electronics, old video games, baseball cards, and some paintings. I didn’t want to throw any of it away, butContinue reading “Jump Start Your Savings on Ebay”
Cash Generating Assets
One of the best ways to become wealthy is to spend your money on streams of profit. Another way of saying this is to collect cash generating assets. These can be anything that generate cash. They can be a franchised fast-food restaurant, ownership in a stock that pays a dividend, or royalties from a bookContinue reading “Cash Generating Assets”
Money and Medicine for Millenials 