Passive income is indeed real and in this article I want to discuss the differences between active and passive income and how to obtain passive income. Active income is obtained by trading time for money and passive income is achieved by trading minimal to no time for money. I call trading minimal time for moneyContinue reading “Passive Income Does Exist”
There are so many recommendations, stock tips and forecasting in the market right now that it will make your head spin. What is needed more than anything right now is patience and persistence. Stick to your investment plan and maintain your emergency fund.
Rich people play the money game to win and poor people play the money game not to lose, but it’s a spectrum. I recently read The Millionaire Fastlane when I ran across this principle, but I realized that there is actually a middle ground. It’s for those that are in the getting rich slowly lane.Continue reading “Rich people play the money game to win”
I have listed the 5 barriers to investing in the stock market below and the barriers are fees, fear of losing money, high cost of stock ownership, lack of knowledge, and lack of motivation.
College will likely cost between $60K and 100K a year in the next 20 years. This is based on the projected 3% yearly increase from the current average cost of $25K for public universities and $40K for private universities. The cost would increase to $240k and $400K respectively for a public and private college education.Continue reading “How to Pay For College”
I believe our dollars should be broken down into three main categories. Present money, future money and retirement money. These categories should be contributed to after the elimination of debt, with the exception of mortgage debt.
From a broad standpoint and view by stepping back and looking at the forest there are three broad investment strategies. The long investment, medium investment and short investment strategies.