It is Memorial Day, and we are celebrating our freedom by bragging about the economy, putting immigrants in “detention centers” reminiscent of WW2 concentration camps, and punching drunk women on the Jersey shore. We need to realize the value of our fellow human beings, whether they be soldiers, immigrants, or even drunk women on the beach. Let’s stop blaming each other and hurting each other. Empathy is better for morality, but it is also better for the economy. Continue reading “Market Monday #6: Comparative Advantage”
Book Review: The Young Entrepreneur’s Guide
The Young Entrepreneur’s Guide is an excellent resource for anyone thinking about starting a business or trying to improve their small business. Whether you are trying to expand your side hustle, invent a new product, or launch a start-up, Steve Mariotti covers everything you need to know. Continue reading “Book Review: The Young Entrepreneur’s Guide”
How to Start a Retirement Fund with Almost No Money
Many people I talk to want to do a better job of saving for retirement but don’t know where to begin. Maybe their employer offers a 401(k), but they don’t feel like it’s enough, or maybe they have no 401(k) at all and desperately need to get something started.
Many people also don’t have much money to get started with. They might want to start investing as little as $20 per month. The fee structures of mutual funds and the transaction fees brokers have for purchasing securities can make investing small amounts of money at a time very impractical, but that aspect of the investment industry is changing, and there are some new opportunities for small-time investing that weren’t there only a few years ago. Continue reading “How to Start a Retirement Fund with Almost No Money”
Finance Friday #5: Risk
Just because the economy is good doesn’t mean you should act like it. If you load up on debt to buy stuff, you are taking a huge risk. Debt is the spending of future earnings plus interest. What if those future earnings don’t happen? Continue reading “Finance Friday #5: Risk”
