Category: Personal Finance
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Chapter 22: Renting Vs. Buying
Thinking of buying a home? Renting vs. buying can be a big deal for some people, especially with your home being your biggest expense. The no. 1 argument for buying is building equity and not paying someone else for the right to live somewhere. Although true this equity can be easily wiped out with one…
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Chapter 21: Soaring Interest Rates
What’s Going On? Times are becoming tougher and we are all starting to feel the effects of inflation. Right now with soaring interest rates, it’s making it really difficult to borrow money. We have to think twice before we make a big purchase or end up paying the price. Credit card interest rates are at…
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Chapter 18: 401(k), IRA vs ROTH IRA
The difference between an IRA and a ROTH IRA can be confusing for some. In this chapter I will explain the key differences between the two retirement accounts and their key advantages. “Do I need to have both accounts?” I would recommend having both but again this depends on your circumstances. An IRA and a…
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Chapter 15: 5 Tips To Save More
Saving money is always the least of our concerns. We can’t avoid it though, we all need it for a rainy day. Sometimes we want to make a big purchase. Other times it’s an unexpected expense. With proper creative planning you can get to your goals sooner. Some people find it easier to save money…
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Chapter 13: Sunk Cost Fallacy
Have you ever heard of the Sunk Cost Fallacy? This psychological phenomenon is when you invest so much time or money, that you just refuse to abandon it or pull out. Even when you know that it’s better to abandon it. This applies to everything in your life, not just your investments. For example you…
Money Ain't Sh*t 