When it comes to saving money, there are plenty of easy methods, a number of effective rules-based systems, some great apps that automate the process, and there are even smart ways to apply science. But sometimes it just comes down to mindset. When faced with the opportunity to splurge, where is your head at? Retiring… Read more
At least once a week, we here at Wealth Gang share a story or tips about simple ways to put away money and get your savings in order. Whether the article is full of tips to spend less money directly from the mouth and mind of Warren Buffett or cutting expenses to watch your savings… Read more
Charlie Munger, the Vice Chairman of Berkshire Hathaway and one of the most successful investors of our time, has compared building wealth to rolling a snowball. Yes, a snowball! Munger also emphasizes the importance of rolling the snowball for a long time. This means that once a person has started accumulating wealth, they should continue… Read more
Ever find yourself in a frustrating situation at work and think, “You know… I’d really like to take a mulligan on this career choice.” Maybe it’s the stability or lack of pay. Maybe it’s a simple lack of interest in your chosen profession. Maybe it’s the dynamics of a workplace. Maybe it’s a glass ceiling… Read more
Vin Diesel is a well-known actor, best known for his role as Dominic Toretto in the Fast and Furious film series. In addition to his acting career, Diesel also provided the voice of the character Groot in the Marvel Cinematic Universe film Guardians of the Galaxy. For those unfamiliar, Groot is a sentient, tree-like creature… Read more
It is sometimes called the most honorable profession. Staying home and raising kids. In this stressful and fast-paced world, it is refreshing and admirable to see moms and dads staying with their kids to ensure they get the right level of support, nurture, and education to be successful and well-rounded later in life. But what… Read more
When most people are 10-years-old, they want for things like video games, toys, cool clothes and experiences. But rarely is a 10-year-old thinking clearly and rationally about college, financial literacy, or their financial future. That is until now. In a TikTok that has now gone viral, a 10-year-old boy approached his parents with a plan…. Read more
Ever since Tim Ferriss hit the book shelves with the 4-Hour Work Week, we have been fascinated with the idea of spending more of our time on passion pursuits and less time working. Like actual, boring, hate-to-do-it work. Because who the heck wouldn’t want to only work 4 hours per week? While the 4-hour work… Read more
Investing in the S&P 500 has proven to be a winning strategy over time. Even Warren Buffett, one of the world’s most successful investors, has long been a proponent of index funds as a way for individual investors to build wealth over the long term. He’s famously recommended that most people invest in low-cost index… Read more
Investing is something which can drastically build your wealth and allow you to create strong rates of return. Many people choose to invest so that they can provide for their future, and increase their overall financial worth. If you aren’t investing you are missing out according to some of the experts. If you are keen… Read more
A recent study by a financial information provider, SmartAsset, has found that earning a salary of $100,000 is no longer enough to maintain a comfortable lifestyle in certain cities. Workers in New York City, Honolulu, and San Francisco, for example, take home just over $35,000 after taxes and adjustments for costs of living on a… Read more
In case you have been living under a rock, Fiverr is one of the best ways to make money online. All you need is some elbow grease, a sellable skill (writing, editing, graphic design, etc.) and you can make a lot of extra cash. Or you can turn it into a full time job like… Read more
People love simple. Humans crave ease, especially when it comes to managing money. The last thing a person needs is another app, website, or account to check. But does our need for “simple” sometimes lead us down the wrong path, especially when it comes to money? There’s a good chance that your checking and savings… Read more
There are many ways to find money to pay off bills. If you need to borrow cash to make ends meet, you’ll probably consider taking out a loan, but that money usually comes with massive interest rates. Before taking out a loan, there are ways to find extra money hidden in your budget. You might… Read more
With rising inflation, you may be asking yourself: “How can I increase my salary?” You likely won’t want to jump into a completely different industry since it will require you to start from the beginning while throwing away your current set of skills and expertise. According to a Shark Tank winner, one of the best… Read more
In the world of personal finance, there are more campy proverbs and investment witticisms than anyone could possibly process in a lifetime. Some are steeped in data, while others sound good but could use some serious fact-checking. Today we’re going to test the merits of one such saying you’ve probably heard about grocery shopping. Should… Read more
Danny Baldus-Strauss is an entrepreneur and growth investor who helps people attain financial freedom. Baldus-Strauss recently shared the 23 lessons he learned while going from earning next to nothing to pulling in close to $2M per year. In the Twitter thread, Baldus-Strauss offers advice like “play long term games,” “focus on the $10K+ questions, not… Read more
Warren Buffett is a master at simplifying the complex. He also has an excellent way to distill money moves into actionable principles, minus the complicated financial jargon. His secret sauce to success? Patience, discipline, and a long-term mindset. Warren Buffett encourages investors to steer clear of the crowd mentality and focus on the nitty-gritty of… Read more
For people with children, a 529 College Savings Plan is a great, tax-advantaged way to get an early start on saving for your child’s education. But what if you save too much? Or what if your kids decide that college isn’t for them? What happens to all that money you saved? Well, prior to the… 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
A viral video featuring a young woman seeking financial advice from Dave Ramsey has taken the internet by storm. The video in question was recently posted to Ramsey’s TikTok account and depicts the 2018 exchange between a 29-year-old woman and the financial adviser. In the video, the woman can be heard asking for help to… Read more
When you dream about financial comfort what do you see for yourself? Millions? Tens of millions? Billions!?! Well, according to a recent Modern Wealth Survey from Schwab, Americans need a lot less to be financially comfortable than we could have imagined. And the number is a lot lower than what the survey revealed in 2020…. Read more
Remember the Drake tune “Started From The Bottom Now We Here“? If you don’t, the moral of the lyrics is that everyone has to start from the bottom, no matter the industry. Entry-level is typically the bottom in any company – unless the organization has an internship program – so starting at the bottom is… Read more
Motivating a team is a crucial task for any CEO, but it’s not always an easy one. While some CEOs try to encourage their team by focusing on the company’s mission and vision, others may take a more self-centered approach, attempting to motivate their team by appealing to their own interests or ego. Especially when… Read more