Search for: investment
12-Year-Old Turned $178 In Birthday Money Into Multi-Million Fashion Company Worn By NBA Players
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
7 Sources of Retirement Income When On A Tight Budget
Let’s face it. We all enjoy earning money. Without it, how can we possibly afford things and live comfortably? Working enables us to have money roll into our bank accounts, and it is one of the things that satisfy our needs. But you can’t work ever, no matter how much you want. When the time… Read more
Dave Ramsey Has A Blunt Financial Wake-Up Call For Anyone Thinking About Buying A New Car
Let’s face it, there’s something undeniably appealing about driving off the lot in a shiny new car. The fresh smell, the sleek design, and the status symbol it may represent can be alluring. But have you ever stopped to think about the actual cost of that brand-new vehicle? David Ramesy, the renowned financial expert, puts… Read more
TikToker Explains How Much Money You Need To Make A Year To Comfortably Afford A New Toyota Corolla
Buying a new car is more than just choosing the right make and model. It’s a decision laden with financial implications that can have a lasting impact on your wallet. While the allure of a shiny new vehicle is universal, the wisdom behind such a purchase varies greatly from one individual to another. Among the… Read more
The Average 401K Balance By Age Is Much Higher For People Who Track Their Finances
Have you ever thought about how much your peer group has saved in their 401k plans? What about how your own 401K might look if you actually maxed out your 401k every year? In a few simple charts below, we will take a look at the actual estimated average 401k balance by age, what your… Read more
Is Residual Income Really Possible Or Are People Like Tim Ferriss Full Of It?
Over the years, there has been an extreme growth in people seeking residual income opportunities – especially with the evolution of the digital age and popular books such as Multiple Streams of Income by Robert Allen and The Four Hour Work Week by Tim Ferriss. However, some people still feel like it’s just something that’s… Read more
These Two Ways To Save More Money Are Actually Backed By Science
When it comes to ways to save more money, sometimes you just trust the science. Let’s be honest, saving money isn’t the most glamorous thing you can do with your hard earned cash. But it is a necessary evil if you want to built real wealth. Because you can’t achieve the ultimate goal of financial… Read more
North Carolina Lottery Winner Says She’ll Finally Go On A Honeymoon After $527,797 Win
Isn’t it amazing how a little piece of paper can transform lives? For one sweet North Carolina couple, a lucky lottery ticket didn’t just fatten their bank account, it ignited a dream. Sure, $527,797 is a lot of money, but it’s not about the dollar signs or the leap into a new tax bracket. Instead,… Read more
5 Biggest Warning Signs That You Will Run Out Of Money In Retirement
Retirement is the goal. It is the dream! But retirement could also turn out to be a nightmare if you don’t plan properly. And today we are going to go over the biggest warning signs that you will run out of money in retirement. Because just like what got you to retirement, it isn’t about… Read more
Why Trying To Time The Market Is A Terrible Idea – In One Very Simple Chart
“Time in the market is better than trying to time the market” – a million people at this point. And all of them are probably wealthy. Why does the quote above about consistently investing make so much sense? Because chances are, most people are not going to be able to time the market perfectly to… Read more
How Much Should You Have Saved For Retirement By Every Age? Here’s The Answer
Retirement savings can be a daunting thing to think about for most people. But don’t fall prey to the worry and just quit. That will leave you with a really tight budget during your retirement – your golden years! — and no one wants that. Once you understand how much money you should have saved… Read more
Can You Really Save Too Much Money For Retirement?
In a world that often glorifies frugality and saving for the future, it seems counterintuitive to suggest that one can save too much money for retirement. After all, isn’t the goal to accumulate as much wealth as possible to ensure financial security in our golden years? However, beneath the surface lies an intriguing paradox that… Read more
Don’t Be Fooled by Fake Financial Influencers: 8 Ways to Spot the Real Deal
Social media is revolutionary. Never has there been a time in human history when we’ve been able to group-source so much information from so many people to make a thoughtful decision about our finances. But when it comes to TikTok financial gurus and influencers, don’t be a sheep. Beware of false prophets who might lead… Read more
3 Millionaires Share Their 3 Favorite Sources Of Passive Income
There is a reason why they say “the rich get richer.” For most wealthy people, that reason is creating passive income streams that not only balloon their wealth, but it also provides them the freedom to live as they see fit. Passive income (AKA how to make money while you sleep) is the dream. Of… Read more
5 Ways To Reduce The Stress Of Living Paycheck-To-Paycheck
Stress is a part of life, and financial stress can be very debilitating. If you’re someone who is living paycheck-to-paycheck and you constantly feel like your personal finances are a house of cards, you aren’t alone. According to recent data, approximately 63% to 64% of Americans — equivalent to 166 million people — were living… Read more
Investor Who Managed Over $140 Million Gives Investing For Beginners Advice
Kevin L. Matthews II is an entrepreneur, former financial advisor, and best-selling author. While working in New York City as a financial advisor he managed more than $140 million. While Matthews is no novice, he does provide investing for beginners advice. Matthews boasts a bachelor’s degree in Economics from Hampton University, a certificate in financial… Read more
Study Finds That People Who Work Hard For Their Money Are Less Likely To Risk Their Earnings
Hard work equals hard-earned money – that’s a universally accepted truth. But how does the sweat and time we put into earning our keep influence our financial decision-making? Are those who break their backs to earn their pennies more prone to playing it safe or rolling the dice with their earnings? A fascinating new study… Read more
5 Ways To Make Money By Improving Your Credit Score
One of the most ‘adulting’ milestones in life for young adults is getting a credit card. Though it may be overwhelming for some, it is an important way to show responsibility toward money management. And this is an important step in building your credit scores. But what is a credit score in the first place… Read more
Woman On TikTok Shares How She’s Saving Big Money Buying $1 Iced Coffee At A Gas Station
Picture this: You stroll into a bustling coffee shop, lured by the inviting aroma of freshly brewed java. The baristas are busy crafting meticulously crafted beverages, while customers eagerly await their caffeine fix. It’s a familiar scene, one that has become a daily ritual for countless individuals seeking their liquid fuel. But have you ever… Read more
Shark Tank’s Kevin O’Leary Top 5 Tips For Becoming A Millionaire
There are a lot of ways to become successful in life. And your definition of personal success might be measured differently than someone else’s. But becoming successful – in life, in business, as a parent — is oftentimes the result of a more formulaic than it is dumb luck. Today, we have Kevin O’Leary’s top… Read more
Which Car Color Is Best For Resale Value? These Depreciation Rankings Will Surprise You
Ask people which car color is best for resale value, and most will say white. After all, it’s one of the top picks among new car buyers, so demand is high. Seems pretty safe. But demand doesn’t exist in a vacuum. It must always dance with supply. And that high purchase rate leaves the secondary… Read more
Here’s How Much Money You Need To Feel Wealthy In 12 Major U.S. Cities Right Now
Navigating the landscape of wealth in America is no easy feat. Determining what constitutes being “wealthy” can be as nebulous as trying to catch a cloud. Contemplating wealth leads to many questions: What truly defines wealth? Is it merely about the accumulation of money, or are there more profound, intangible aspects at play? Year after… Read more
10 Most Common Financial Struggles People Have, According To A Financial Advisor
Money management and general personal finance isn’t taught in school. While financially smart actions like spending less than you earn and investing your money might seem obvious, so many people in the world lack financial literacy. And that leads to financial struggles. Those struggles can also lead to people making even bigger money mistakes. Today, we… Read more
The 10 Best Housing Markets For First Time Buyers (2023)
Being a first-time home buyer can be an exciting but overwhelming experience. While it’s easy to get caught up in the aesthetics of a house or the excitement of owning your own property, it’s important to remember that real estate is an investment. One of the most important decisions a first-time home buyer can make… Read more