There has been a lot of confusion around the Paycheck Protection Program (PPP). I’ve thus taken the liberty to track down some information on Treasury.gov to clarify some questions regarding the program. The Department of Treasury has issued a fact sheet that outlines guidelines for the program. What is the
If you do something consistently for 5 years, you will achieve results beyond your expectations. Don’t quit before giving your effort a chance to produce amazing results. 5 years comes from my experience working in finance from 2015-2020. After 5 years, I believe I finally have a good grasp of
Arbitrage is when you take advantage of price differences between two or more assets, and then profiting until the price difference disappears. Recognizing when and where to take advantage of these kinks will be one of the greatest catalysts towards financial freedom. For example, I realized a few months ago
I had previously written a post about being poor. A few years of working in finance, saving money, and building multiple side businesses, I hope to hit the $1 million net worth goal by the age of 30. This isn’t necessarily rich, but I should have a higher net worth
I started off life just below the middle class. My dad worked as a line cook and my mother a secretary. When both my parents lost their jobs, the legs that held us in the middle class went wobbly. We went from having a two bedroom house to being homeless
I believe 30 is a big milestone. Ever since I was at university, I told myself, either I was going to make it, absolutely kill it, or be a failure by the age of 30. Two painful years of working 90+ hours a week in investment banking put me into
Recessions are never a good time for anyone. A stagnant economy means financial, emotional, and physical-health consequences for everyone, from Baby boomers to Gen Z. However, the next recession stands to hit Millennials particularly hard. Millennials were bloodied in the last downturn, struggled in the recovery, and are now left
Growing up, investor Warren Buffett was terrified of public speaking. As a result, he decided to sign-up for a Dale Carnegie speaking course while attending Columbia for his MBA. He realized he would never make the type of impact that he wanted to if he did not improve his communication
I have an offer on my apartment in Chicago. On the one hand, I was pumped when someone was willing to pay 20% more than what I bought it for in 2015. On the other hand, my goal was to raise a family there with my future spouse. But the
I recently wrote an article about effectively following through on your New Year’s resolutions. If you want to make long-lasting and meaningful changes in 2020, start with your financial bucket list. Just like learning a new language or losing weight, a financial bucket list should contain lofty, yet attainable goals.
Real estate investing (unlike many other investments) has four levers to make you money: appreciation, cash flow, debt pay down, and its tax benefits. Let’s dive into each of the return levers: 1. Appreciation Appreciation is how much the property value increases over time. 1. According to Case-Shiller Home Index,
First of all, debt is a tool of financial management. It adds financial risk because of interest and principal payments you make to the lender. However, not all debt is harmful. Sometimes, it can improve your financial situation. A simple litmus test can be applied to whether you should take
I started trading stocks in January 2017 using Robin Hood. Over the next 3 months, I made 20% ROI and lost it all in a week. Then I gained 30% on 10 trades the following month. Over the next year, I lost and gained thousands of dollars, changed the entire
Whatever money I have left after food, housing, and clothes, I learn on Coursera. Education is an investment in oneself. I am not talking about a $120,000 degree from Cornell or Dartmouth, but what you learn and then put into practice. Education is an investment that can pay more dividends
Worried about retirement? You are not alone. A large number of workers nearing the end of their careers are learning that retirement is expensive and that older Americans simply are not prepared. If you are thinking of retiring in the not-so-distant future, here are a few facts you should be
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