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: savings
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”
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”
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”
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”
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”
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”
Inflation
Inflation is one of the most important concepts that a person can learn about when it comes to economics. In a very simplified explanation, the inflation rate is the rate at which all prices in general are rising in a market over a period of time. Thus, when prices increase each dollar can buy less. Continue reading “Inflation”
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”
One of the Oldest Ways to Increase Savings
This weekend I decided to sit down and roll all of my loose change in order to deposit it at Bank of America (BAC). For some reason BAC only accepts rolled coins and will not take more than five dollars in loose change deposits. Regardless, I have always found that loose change is a greatContinue reading “One of the Oldest Ways to Increase Savings”
Money and Medicine for Millenials 