The rich get richer and people under 40 get poorer and poorer. At least that is what data from the Federal Reserve is telling us. The wealth distribution by age in America has been a hot topic for years. And of course older Americans will naturally account for the most of the wealth in this… Read more
Almost anyone can get rich slowly. Of course, everyone’s financial circumstances are different, but if you have excess cash dying in a savings account or you’re a compulsive over-spender, becoming a millionaire is possible. How do you do that? By changing your financial habits. Invest first, spend second. Become committed to investing every, single month…. Read more
For years, one of the best investment opportunities has been in the world of commercial real estate. However, it has been almost impossible for the average investor to participate in commercial real estate investing. That has changed recently with the rise of crowdfunding platforms. These real estate crowdfunding platforms allow for peer-to-peer investing with a… Read more
When you dream about financial comfort what do you see for yourself? Millions? Tens of millions? Billions!?! Well, according to Schwab’s 2021 Modern Wealth Survey Americans need a lot less to be financially comfortable than we could have imagined. And the number is a lot lower now than what the survey revealed in 2020. How… Read more
Although the value and purchasing power of a dollar isn’t what it used to be, becoming a millionaire is still a monumental financial step. There is a stigma attached to reaching millionaire status that gives you a sense of financial security. But for a lot of people, they still see a million dollars as an… Read more
Being wealthy and successful has its advantages. With money comes freedom and the ability to live your life the way you see fit. There are, however, disadvantages to having a lot of money. One of the biggest drawbacks is having to deal with people treating you differently solely based on your net worth. That is… Read more
If you have been on the fence about dipping your toe into real estate crowdfunding, your decision just got a lot easier thanks to Fundrise. Today, Fundrise has announced that their Starter Portfolio now boasts an extremely low $10 minimum. The company redesigned their starter portfolio in order to cater to younger non-accredited investors. The… Read more
Trey Brown is not your typical 15-year-old. Instead of just watching NBA players like most teens, Trey is watching NBA players wear his fashion line. At 12-years-old, Brown used $178 in birthday money to purchase 16 t-shirts. He customized the shirts and sold them out in a week. In January 2018, Brown launched his fashion… Read more
A couple of years ago, I had to take a long, hard look in the mirror about my savings habits. I wasn’t hurting. But I also wasn’t thriving. This was driving me crazy. I wanted to thrive. Some context: A cross-country career move from New York City to Los Angeles was starting to evaporate my… Read more
Whether the goal is to get in shape or get your finances in order, developing habits is the key to success. When it comes to managing money, having sound financial habits can fast track a person to save money, get out of debt, and live the life of their choosing. Mandi Woodruff-Santos is a personal… Read more