Does your Doge bite: the dangers of Dogecoin investing

Elon Musk is a tech billionaire, inventor, and the richest African American in the world. Moreover, he was the inspiration for Robert Downy Jr.’s Tony Stark. Now, the CEO of Tesla is also the Twitter “Stonks” guy who is pushing Dogecoin “to the moon” as the currency of tomorrow. Dogecoin is a type of cryptocurrency, or “crypto.” These cryptos are digital currencies that can be … Continue reading Does your Doge bite: the dangers of Dogecoin investing

New Year’s Resolutions and Warren Buffett – how to accomplish your goals

Congratulations on surviving 2020! However, a New Year means New Year’s resolutions! These fun things are commitments and promises we make to ourselves in an attempt to mold ourselves into our ideal person – workout more, drink less, quick smoking, learn guitar, etc… however, we tend to fail within two weeks. Why is it that so many of us fail to live up to our … Continue reading New Year’s Resolutions and Warren Buffett – how to accomplish your goals

The cliché of ‘Believe and you can achieve’

Clichés are expressions that become so overused that they lose their original meaning so much so that they can become a mockery of the original, meaningful idea. However, these clichés often carry truth to them, but we ignore that truth because of how many times you hear it. I felt like this about “believe and you can achieve,” until I Read Napoleon Hill’s “Think and … Continue reading The cliché of ‘Believe and you can achieve’

Simple Budgeting: The 50/30/20 rule-of-thumb budget

Most budgeting systems are time consuming and complex. The beauty of the rule-of-thumb budget is the speed and simplicity of it. All you need to know is your after-tax income. Once you have determined your after-tax income, you simply allocate it as follows: 50% towards your necessities 30% towards your wants 20% towards your financial goals Next is to define the categories: Necessities, Wants, and … Continue reading Simple Budgeting: The 50/30/20 rule-of-thumb budget

Understanding opportunity cost: How much does that avocado toast and Starbucks actually cost me?

So called financial gurus tell you that if you want to be rich, quit eating avocado toast and drinking Starbucks. Admittedly, this does remove expenses that may add up over time. However, that frugality alone won’t make you “rich.” Rather, understanding the ideas behind the “avoid paying $10 for avocado toast and $5 for coffee” is what will make you handle your money better and … Continue reading Understanding opportunity cost: How much does that avocado toast and Starbucks actually cost me?

The Bullet Journal Method: The ultimate planner, to-do list, and everything else system.

I struggle to buy planners. Every time I find the “perfect system” I want something different a short time later. Then, I stumbled upon the Bullet Journal. The Origin? In the 1990s, Ryder Carroll was a college student studying design. He struggled with attention deficit disorder, so he started working on a system to help him overcome his “learning disabilities.” This system became the Bullet … Continue reading The Bullet Journal Method: The ultimate planner, to-do list, and everything else system.

No student loan interest: Take advantage of this opportunity!

The CARES Act The Coronavirus Aid, Relief, and Economic Security (CARES) Act, suspended principal and interest payments on federally-held student loans from March 13 through September 30. Right now, your interest and payments are suspended automatically. However, this only applies to federal loans, not private student loans. Other loans, such as those Federal Family Education Loan (FFEL) program are owned by private companies; however, those … Continue reading No student loan interest: Take advantage of this opportunity!

Passive investing 102: What is passive investing?

Pas-sive – not reacting visibly to something that might be expected to produce manifestations of an emotion or feeling. Dictionary.com In most areas of life, being active is seen as the optimal choice. “Pursue your dreams.” “Take life by the horns.” “Don’t sit back and wait for life to happen to you.” However, when investing, being active can be a costly choice. Common Misconceptions: Often, … Continue reading Passive investing 102: What is passive investing?

Budgeting 105 – DIY – Use the coffee can

“Back in my day,” was a phrase used by our grandparents to describe (1) how much harder things use to be; (2) how much better they had it; or (3) somehow both harder and better things were back in their day. One thing that the “Greatest Generation,” the generation who fought in World War II, had was a great distrust of banks and doing anything … Continue reading Budgeting 105 – DIY – Use the coffee can