Double Your Money As we talked about in the post on compounding, higher interest rates will give you a bigger rate of return (ROI). Fortunately, the Rule of 72 paved the way to determine how long it will take for your money to double with a set interest rate. Of […]
Monthly Archives: July 2021
9 posts
Dividend Stocks have Risks Dividend stocks are a great method for creating a passive income. They are the perfect example of making your money work for you. You invest in a company and they pay you a passive income just because you own shares of their company. While some of […]
Financial Foundation to Start Your Path Financial foundation building starts with getting control of your accounts. I accomplished this by creating an artificial zero in my checking account, moved my money to online savings accounts, set strict budgets, built credit, and eliminated bad debt. The following guilds will help you […]
Understanding Mutual Funds Mutual funds are a great way to invest in markets with a more hands-off approach. Unlike individual stock trading, mutual funds provide company diversification in markets that you are familiar with. With hundreds of funds to choose from, all you need to do is research, purchase, and […]
Top Stock Metrics In this article, we are going to open up the Stocks category with looking at what are some of the top stock metrics that I look at when purchasing shares of a company. This is not an extensive list, but gives you an understanding of my top […]
Understanding Compounding is Critical to Financial Success This article dives into what is meant by understanding compounding and compound interest. I will explain how frequency increases the amount of money you can make on your money. I will dive a little bit into the math behind it, but just know […]
Rookie Series Article 2: Big Banks Are Bad For Your Wealth, Part 2 To continue from Part 1, I show how banks use your money to make themselves wealthy, while leaving you in the dust. In Part 1, I discussed how big banks charge you to do business with them. […]
Rookie Series Article 1: Big Banks Are Bad For Your Wealth, Part 1 As promised in my BHAG post, I want to give rookie advice to those who are just starting in their financial freedom goal. In this series of articles, I will show how banks use your money to […]
Setting the Goal The overall Big Hairy Audacious Goal (BHAG) is to build a strong following of 10k subscribers in 1 year from scratch. Having absolutely no subscribers, website members (SIDEvestors), or any other type of following, I will use strategies I have learned to build and audience of those […]