It wasn’t long ago that spending the entirety of your career with one company was the path to a successful and wealthy life. Loyalty was rewarded and climbing the corporate ladder was possible. That doesn’t seem to be the case for people who want to earn more money. At least it’s not for most people…. Read more
Imagine turning a losing lottery ticket into a six-figure payday. Picture this: You walk into your favorite gas station or convenience store and buy a scratch-off lotto ticket with a cold drink and a snack. You play the game and lose. Bummer! But then you see there’s a second-chance component with the game, and you… Read more
Summer is around the corner, which means it’s prime time for backyard cookouts, family vacations, and leisurely activities of all varieties. It also means Mother’s Day and Father’s Day – joyous celebrations that allow us to express heartfelt gratitude to the pillars of love and guidance in our lives. For retailers, Mother’s Day and Father’s… Read more
How hard is it to become a billionaire? Let’s put it this way, as of last count there are 20.27 million millionaires in the U.S. Of those, 1,456,336 have a net worth of more than $10 million. So to achieve a billion dollars, to be one of 724 people, that is next level wealth. Anyone… Read more
The vast majority of people struggle with managing their personal finances. Part of that difficulty is due to lack of understanding and education, but it is also difficult due to the abundance of financial options available. Paralysis by analysis is definitely at play. Fortunately, ChatGPT, AI-powered chatbot from OpenAI can provide tailored financial advice. No,… Read more
“TikTok made me buy it!” is a phrase you might have seen heard or seen floating around the Internet. It’s about the power Tiktok has in driving consumer behavior, especially when it comes to quirky and niche products. It’s all about the power of influencer marketing. You know, when you scroll through your “For You”… Read more
When you think of Hollywood stars, day trading probably isn’t the first thing that comes to mind. But did you know that Josh Brolin, the actor behind iconic roles like Thanos in the Marvel Cinematic Universe and Llewelyn Moss in No Country for Old Men, also used to be an avid day trader? Day trading… Read more
If you haven’t hit F.I.R.E. (Financial Independence Retire Early), there’s a good chance you’re still in your wealth accumulation phase. And that, of course, means you probably have a full-time job. Whatever field you find yourself in, the goal is always to move up the ladder and have your salary increase as well. That said,… Read more
Billionaire investor Warren Buffett made a fortune through an investing strategy known as the “20-Slot Rule.” Buffett’s lifelong Berkshire Hathaway partner Charlie Munger revealed that the Oracle of Omaha subscribed to the “20-Slot Rule.” What Is The 20-Slot Rule? During the 1994 commencement speech at the University of Southern California, Munger explained Buffett’s “20-Slot Punchcard… Read more
If you’re on the path to financial freedom, then you probably think it is easy to get excited to read books about Success, Entrepreneurship, and the various ways to get ahead in the worlds of Business and Finance. But for the vast majority of Americans, they might find these books dry and think they’re written… 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
When it comes to the billionaires club, the differences between Warren Buffett, Charlie Munger, and Elon Musk are perhaps best illustrated with an old fashion joke. Let’s tee it up: Warren Buffett, Charlie Munger, and Elon Musk walk into a bar. Warren Buffett orders a Coca-Cola, Charlie Munger asks for a root beer, and Elon… Read more
The world is being turned upside down by AI and chatbots like ChatGPT. Will AI enhance society or bring it to its knees? That question will be answered at some point, but for now, we might as well use these tool to build our wealth, right? Right! Albert Phelps, a prompt engineer at a UK-based… Read more
Do you feel as though you’re barely getting by, even though you earn a decent salary? If you’re feeling poor despite having a paycheck deposited into your checking account every few weeks, the issue could be your geographic area. Since the cost of housing, food, gas, insurance, and necessities fluctuates from state to state, earning… Read more
Sometimes lady luck can strike in the most ordinary places. According to the California Lottory, one formerly homeless California woman lucked into a life-changing fortune during a routine oil change. Earlier this year, Lucia Forseth bought a $20 California Lottery Scratchers ticket while getting an oil change at a Walmart Supercenter outside Oakland, in Contra… Read more
Winning the lottery is often attributed to pure luck, and while that may be true, one California man’s unusual method for playing scratch-off games certainly didn’t hurt his chances. There was truly a method to the madness. Alec Bucur’s interesting approach at a gas station may have seemed unconventional at the time of buying his… Read more
For many people, the number one indicator of wealth is how much money they have in their bank account. And while there’s no magic number that guarantees financial security, it’s interesting to look at how different income levels correspond with different levels of happiness and satisfaction. So, how much money do you need to feel… Read more
Thomas Edison is known for being an iconic inventor – racking up a record 1,093 patents. However, Edison also had an interesting interviewing tactic that involved soup. Edison – who was born in 1847 – purportedly had an intriguing job interview tactic involving soup to determine which job applicants should be hired. Edison attempted to… Read more
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