My mother, bless her heart, has “some” idea of how investing works. She has a basic idea of how compound interest works, but has no $ to put to it. She makes a small income enough to make ends meet at the end of each month. She knows that she SHOULD invest, but doesn’t know [...]
This question is another tricky one because it depends on who is asking it. If you’re 18 and asking this question, well, I’d say you’re starting off right by asking, and if you are putting away 10% – even if you’re only making $20,000 per year, you’re saving $2,000/year and in 50 years you’d be [...]
I’ve had 2 posts worth of BAD investing decisions so far (1, 2). I didn’t want people to think I’ve not made any GOOD decisions, because I have, just not as many yet. I’m still young, had no financial education, and had some bad financial advice early in my career. But I’m riding the wave [...]
I read an article today on Fool.com that discussed finding your “investing edge”. It makes good sense. With anyone in any profession they need to focus on one thing to put them ahead of the competition. They mentioned Dennis Rodman who was an excellent basketball rebounder in his day. He wasn’t a great shooter, or [...]
I thought I had some good points to contribute, and stories to tell even though I’m nowhere near retirement. I really have had a few bad investment mistakes along the way, and I’m sure I’ll run into more in the future, but that’s one of the points of MyInvestingBlog.com – figuring this stuff out! The [...]
One of the major goals of my site (written in my disclaimer) is to be able to give my children a better financial education than I received when I was growing up. The most financial education I have now is that I should be as frugal as humanly possible in every situation as we didn’t have [...]
Oh how many times has this very question rolled off the tongues of people over the past 100 years? You get your first car, you move to a new city, you broke down in the middle of a trip, you buy a lemon, etc, etc, etc… The list goes on, but the question is still [...]
I think this is always in my top 10 weekly hits from the search engines so I thought I’d give it a bit more justice with a more specific post. It’s a very general question that takes some digging to find the answer, but we’ll use the big shovel to find if you’re doing the [...]
I’m a fan of numbers, but I try not to get too wrapped up in them. They’re good markers, but the main point is to drive through with them and continue improving them. They can go up and down and really frustrate you if you let them. I’ve more than paid for my site but [...]
In continuing the series on debunking these most popular and 12+ pages being too much for one post – here is part 2 of 4 on the series Debunking The 25 Most Outrageous Money Myths. Part 1 can be read HERE.
