Tag: money
-
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…
-
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…
-
Chapter 26: The 2024 Housing Crash?
In the year 2023 housing prices have been soaring, with that mortgage interest rates have also been going up from the high 6% to a staggering 8%. To make it worse mortgage demand is the lowest it has been in over 30 years. (source: MBA Purchase Index) This means that if nobody is buying a…
-
Chapter 25: Minimum Payments
Generosity or Genius? Minimum payments are a great way for your credit card company to make money. The longer it takes you to pay them back, the more they can charge you in interest. For perspective, sometimes a minimum payment only covers the interest charge and will probably scrape very minimal off the principal balance.…
-
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 