It’s commonplace today to hear people say investing is just gambling on the stock market. If I’m being honest here, it irks me every time I hear these two words interchanged because of just how different they are. Gambling is all about the short-term and trying to beat the odds. Investing is about playing the long game and building wealth…
Tweets of The Week Favorite Articles Jeremy Miller: Being Stressed And Having Everything Going For You at the Same Time – “I related to Simon Sinek’s story. He had everything going for him. His business was flourishing. His family was happy and healthy. His friends were accomplishing amazing things. His clients were happy. He was achieving things that he had…
Saving is essential to creating a strong financial framework for yourself. There is honestly no way around it. However, you do have a choice on where you save. There are a variety of options that exist so in this blog post we are going to discuss some of the most popular options you have, the pros and cons of each,…
Tweets of The Week Favorite Articles Anthony Isola: A Double Tap Of Retirement Misery “Lower-income Americans are facing a retirement crisis of tsunami-like proportions. Most of the benefits are going to the top decile of workers, while a considerable portion of employees struggles to pay their daily bills. Their children are in a similar boat. Without an education, they will…
Aside from bragging about investing right at the dip in March, refinancing your mortgage is one of the hottest topics in the personal finance world. Interest rates have dropped drastically over the past couple of years, so it only makes sense to talk about refinancing when it can benefit so many people. So what does it mean to refinance your…
Tweets of The Week Favorite Articles Josh Brown: How big a drawdown can you survive? “It’s not enough to be smart. Everyone’s smart. Investing is about endurance and the ability to withstand large drawdowns from time to time without panicking. Buffett says “The most important quality for an investor is temperament, not intellect.” Morgan Housel: A Few Rules “Behavior is hard…
As humans, we all go through struggles. It seems as if anxiety and depression are rooted in everyone’s DNA, but especially the younger generations’. According to CNBC, Millennials are three times more likely to experience symptoms of anxiety than baby boomers and Gen-Zers were four times more likely. Whether this is because of social media, our phones, finances, or this…
Tweets of The Week Favorite Articles Blair DuQuesnayl: Book: My Husband is a Robinhood Trader– “Sometimes it is fun to live a little. Just remember that speculation is different than investing. The potential outcomes are wider with speculation, and that includes both to the upside and the downside. Unfortunately there is no way to calculate the portion of any investor’s…
Over the past few years of working with millennials, I’ve come to realize that there are numerous myths and misconceptions that are driving millennials behavior around money. I am not sure where these misconceptions began, but regardless, they exist. As I began meeting with more and more millennials, I jotted down every misconception I heard with a goal of debunking…
Tweets of The Week Favorite Articles Morgan Housel: Book: The Psychology of Money– “There are people with no financial training or background who do well with money. There are also partners at Goldman Sachs with PhDs in economics who go bankrupt. That kind of gap between knowledge and results does not exist in any other field. And the mere fact…