There are myriad ways in which you can choose to invest your hard-earned money. You may sock it away in pre-tax retirement accounts like a 401K or Roth IRA. Or you could play it safe with a savings account and bank-backed certificates of deposit. On the other hand, you might decide to go for broke [...]
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Millionaire Money Habits
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How to Protect Your Investments
Is Investing in Gold a Good Idea?
In general, gold is a fairly valuable commodity. Like diamonds and other gemstones, as well as other precious metals, there is a finite quantity of gold in the world, so that gives the substance inherent value from the get-go. Plus, it’s shiny, which people seem to think equates to some kind of intrinsic value. But [...]
Should You Reinvest in Your Business?
Everyone can pretty much agree that now may not be the best time to start a business. With the economy circling the drain (or getting washed out to sea), lenders clutching the purse strings tight, and businesses going under at every turn, it’s a little scary to even think about quitting your day job and [...]
Buyer Beware: Getting a Loan After Bankruptcy
The day you’ve been dreading has finally arrived: your car broke down and it will cost more than it’s worth to fix it. And even though buying a new car should be a lot of fun, you’ve been putting it off because you know you don’t have the money to purchase it outright, and you’re [...]
Where to Invest Once You’ve Maxed Out Your 401(k)
So you’ve reached the point where your 401(k) is maxed out, but you have more money you want to put away for your retirement. Now is the time to consider other savings options to keep your money safe and allow it to grow at the same time. Many factors such as your income, tax bracket, [...]
Keeping Your Investment Costs Low
Not all investments are the same. Buying 10 shares of Microsoft through your online brokerage account is probably a lot cheaper than buying the same exact shares through an investment firm. The lower the investment costs, the more money you make. It is as simple as that. There are two big reasons that the same [...]