Category Archives: Investing

Should Millennials Contribute to a 401K?

No, that is not a rhetorical question.  I was having lunch the other day with my co-worker Jill.  Jill is an exceptional young woman.  Jill’s parents divorced when she was young, so she grew up in a broken home.  That did not stand in the way of her excelling in school.  She went on to earn a BA in Psychology from one of the best state universities in the country.  She is also considering going back to graduate school for […]

Early Retirement: Removing Barriers

Many people dream of reaching early retirement.  Few people, however, are willing to do what it takes to make it a reality.  In most cases, to reach early retirement, a person must live differently from how the masses live.  People generally don’t want to be viewed as being different from their fellows. The masses are living for the day, spending most of what they earn, landing in debt, and are in denial about their personal […]

Funding Retirement with the Bucket Approach

Have you ever considered separating the money that you plan on drawing down during your retirement based on the phases of your retirement?  A common approach is to allocate different piles of money in separate buckets based on when you plan on using the money.  The Bucket Approach was made popular by Raymond J. Lucia, CFP as the result of his book Buckets of Money.  The theory is based on building a diversified portfolio and […]

Is Investing Like Gambling?

Over the years, I have heard people compare investing to gambling.  It normally occurs during periods when the stock market is experiencing negative returns. People will make comments comparing investing in stocks to casino gaming.  Those who market alternative investment products will use heavy rhetoric and refer to conventional investments as the Wall Street Casino. There are a few similarities between investing and gambling.  Investing and gambling both require money.  Both can be profitable.  Both can cause you to lose money.  Both […]

How to get Started with Airbnb

I am very excited about today’s post.  This is a guest post from my new friend Cubert from AbandonedCubicle.com.  In this post, Cubert shares how he is planning on retiring at age 46 and to abandon his cubicle for good.  As a more passive investor, this post has provided me with great insight into real estate investing as well as an introduction to what is required to operate an Airbnb business.  I hope you enjoy […]

Fire Your Financial Adviser

I have been on the journey toward financial independence for a long time.  I started saving and investing to reach financial independence at age 20.  When I decided that I wanted to become wealthy, I knew that I needed to be educated on how to turn this goal into a reality. While at college, I studied Business Management.  Even though I tried to take as many finance classes as possible, I did not learn much […]

Individual vs. Institutional Investing

As an individual, it is important to know where you stand as an investor.  To succeed, you need to know your goals.  For most individual investors, their goal is to be able to fund their retirement expenses or even to be able to retire early.  Other goals might be paying for a child’s education, starting a business, or building a dream house. To reach those goals, there is a simple path for an investor to […]

Bitcoin: Just Say No

Since I started studying investments, I can recall that there has always been a hot investment that was sure to make anyone who invests in it rich with little effort.  In the 1990’s, it was the dot.com stocks being traded on new online trading platforms.  In the mid-2000’s, it was flipping real estate.  Currently, it is hard to find a financial media outlet that is not talking about Bitcoin.  I don’t know if Bitcoin is a bubble […]

The Benefits of a Balanced Portfolio

Balance is important in almost every area of life.  We should eat a balanced diet including food from every food group to ensure our bodies get proper nutrition.  We should balance the type of exercise we perform including strength training, cardio, and stretching.  Having a good work-life balance leads to improved productivity and happiness.  There should also be a balance in how we invest. To add balance as an investor means to invest in different asset […]