Tag: Money

How I Lost $30,000 Trading and What I Learned

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

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8 Lessons I Learned Making $100,000 Online

I recently passed the $50,000-a-year earnings mark for online earnings, and I now make about $6,000 online every month. I do not like to talk about money, but I find throwing out figures like $6,000 per month piques interest rather quickly. Below are the nine steps that got me there:

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10 Retirement Stats You Need to Know About

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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Why Some Smart, Hardworking People Never Become Successful

I believed that if smart people worked hard, they would eventually become successful. But as I grew older and began my career, I realized that this is not necessarily the case. Many people I knew who were intelligent and hard-working have gone on to have notable careers or start their

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Founding a Start-Up: Do Not Make These Mistakes

It has been two years since I started my job in private equity. Since then, I have worked with some fantastic individuals; Brian Rudolph from Banza, Daniel Katz from No Cow, and David Friedman from Epic Burger. Learning from these entrepreneurs drastically changed my views on what is important for

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The Myths of Home Ownership

Home ownership is great, and depending on how many years you own your home, it can be an excellent investment. However, it is also one of the biggest purchasing decisions you can ever make. When I bought my first apartment, I saved up everything I earned over the previous three

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Minimalism: How It Can Benefit Your Life Significantly

Minimalism is all about living with less. This includes fewer financial burdens such as debt and unnecessary expenses. For many minimalists, this is about getting rid of excess stuff and living life based on experiences rather than possessions. Minimalism looks different for everyone. For me, I paid down $75,000 in student loans and traveled to

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Big Mistakes: Overconfidence Can Cost You Millions of Dollars

We are continuing our series on investing. You can see our previous article here. I bought Michael Batnick’s book Big Mistakes: The Best Investors and Their Worst Investments. The great value proposition of this book is the mistakes made by great investors such as Warren Buffet and and what we

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Big Mistakes: Concentrated Investments are a Risky Business

I recently bought Michael Batnick’s book Big Mistakes: The Best Investors and Their Worst Investments. What Mr. Batnick does is use tales of investment greats such as Warren Buffett to teach lessons about behavioral finance. However, the great value proposition of this book is the mistakes made by the most

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The Three Types of Businessmen

I see a lot of people say that they want to be a businessman or entrepreneur. They talk about it, but do not really give it much thought. Insofar as I know, there are only three types of businessmen: builders, middlemen, and investors. 1. Builders Classic examples are Mark Zuckerberg

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Credit Card Churn: How I Made $6,000 in a Year

What is Credit Card Churning? The practice of churning is to sign up for new credit cards to get the promotion points or miles. You move onto another as soon as possible to earn points, and then close it immediately or before the annual fee is charged. Every time you

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