The phrase “six figures” is common and most of us have probably heard it at one time or another. It usually describes an expense, income, or another money-related item. But how much is six figures exactly? How much is six… Read More »How much is six figures: What it means and how to earn it
Options trading for beginners is often overlooked. A lot of novice traders think that options trading is too risky, but if you use the right strategies, it can reduce your risk and even generate a bit of passive income. The… Read More »Options trading 101: Options trading for beginners
I had a post by Funding Cloud Nine on budget categories come through my “Google Discover” feed. It was an enormous, monolithic list of 100+ budgeting categories. No one is really tracking that many categories, and for an effective budget, you don’t… Read More »10 Budget categories every budget should have
The term Geoarbitrage was first coined by Tim Ferriss, the author of the four hour work week. But, before I knew what it was, it was something that I found interesting. The story of how I stumbled upon it was actually… Read More »What is geoarbitrage? And how to use it to save more money
If I’ve learned anything during the Covid-19 pandemic, it’s that building an emergency fund is the most important financial goal one can have. According to Clever’s 2020 Covid financial impact survey, 21% of Americans didn’t have any emergency savings at the… Read More »Pay yourself first: How to save more money
The 70/20/10 budget rule is a financial planning tool that helps you live within your means, save and pay down debt. It is a common proportional budget method. Elizabeth Warren popularized proportional budgets with the 50/30/20 rule. The idea is that… Read More »The 70/20/10 budget rule and how to use it
For the majority of us, we can’t just buy whatever we want. Be that a new TV, a vacation or something more expensive like a Car. For these purchases, we tend to create a plan to follow so that we… Read More »What is a personal budget why do I need one?
Understanding the basics of personal finance should not scare you. On the simplest level, it consists of three things: budgeting, saving, and investing. Many get tripped up before they even begin. They think that they need to have or earn… Read More »The basics of personal finance