Category: Personal Finance
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Chapter 30: Equity
Equity in a financial terms means ownership or value. Usually when buying stocks or buying shares in a company you’re trading cash for equity. Equity is a great way to track ownership because even if a company splits their shares or valuations go up you still own a set percentage of the company. For example…
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Chapter 29: Net 0 Mentality
The net 0 mentality implies when budgeting, that you will use up every budgeted dollar. You will not leave a single one left over for next month. Although this sounds bad this isn’t exactly what you might think. This doesn’t mean spend as much as possible until you reach 0. We’re just going to try…
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Chapter 28: Fear Of Missing Out
What is FOMO? The fear of missing out, sometimes abbreviated and called FOMO is an irrational fear that sometimes makes you make rash decisions just because you don’t want to miss out. It’s fed by anxiety and wanting to have the best possible outcome. Limited time sales, buying stocks, placing bets, once in a lifetime…
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Chapter 27: Defining Financial Success
Busting the myths When you think of financial success, do you think of Lamborghinis and mansions? Or do you think of a nice portfolio that will pay you half your salary every year. Sure, if you run into a million dollars you can buy yourself a nice car. How are you going to pay to…
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Chapter 24: Risky Money
With interest rates rising, investing is paying less than actually holding and saving cash. What should one do? Hoard all the cash possible and save it? If you don’t save properly it will just get eaten away by inflation but ironically having access to liquid cash could also be a hedge against it. What would…
Money Ain't Sh*t 