If you ask a friend, neighbor or family member how the stock market has performed over the last 100 years, they'll all probably give you a similar answer. "Oh, you know, it's averaged about 10%." While this number is fairly accurate on the surface, it hardly paints the full picture of what kind of …
Personal Finance
Here’s What You Can Learn from the UPS Worker that Never Earned More Than $14,000 Per Year Yet Died with a Net Worth of $70 Million
"Theodore Johnson worked for UPS and never made more than $14,000 a year and yet, in his old age, was worth more than $70 million. When he said he had no money to save, a friend told him that if he were taxed, the money would be taken out of his account and he'd never see it. So he created a tax for …
Warren Buffett’s Million Dollar Bet is Good News for You and Charity
Warren Buffett is one of the most successful investors of all time. His knack for investing in undervalued businesses and watching them grow has landed him on the list of the wealthiest people in the world (fun fact: Warren Buffett's net worth rose a staggering $37 Million per day in 2013). While …
What if I Increase my 401(k) Contribution by 1%?
I was 23 years young and I was working my first "real" job (post-college). I still remember the day when my Manager dropped the big binder on my desk labelled "Benefits." Once I selected my health insurance (hardly knowing what a deductible is), I shuffled through a section titled "401(k)." I …
Do Better Than Your Friends In The Stock Market With This Simple Advice From Warren Buffett
Investing is intimidating. Between all of the investment options and all of the talking heads sharing their differing opinions, the task of choosing where to invest and when to invest can be daunting. Thankfully, I have already explained WHEN TO INVEST in my popular article titled "How Would …
Beware of Biweekly Mortgage Payment Services
I really don't like mail. Unless it's my birthday, nothing makes me happier than seeing an empty mailbox. That's because each and every day I'm hammered with deals, offers and not-so-subtle sales pitches. Yesterday was no different. After walking the dog around 5:00 pm, I pick up the mail and …
The Actual Math Behind Paying Down Your Mortgage vs Investing
One of the most popular debates among Personal Finance enthusiasts is that of “paying down debt” versus “investing.” For example, people ask: “Should I pay down my mortgage or add to my 401(k)?” -or- “Should I pay off my student loans or open a Roth IRA?” Although the debt and the …
