[Note: This is a post I originally wrote for InvestmentZen.com, titled How to Manage Your Money by Automating Your Finances] Fact: most people budget backwards. Stop me if this sounds familiar: you make decent money. Every couple of weeks you eagerly await your paycheck, and every couple of weeks you’re shocked at how much Uncle […]
Investing
Am I a hypocrite for investing in crypto?
Yesterday, I made a bombshell announcement on the heels of Tesla’s bombshell bitcoin announcement. That’s a lot of bombshells? Anyway, as the dust cleared, one shocking truth emerged… The Money Wizard had changed his portfolio allocation. Cryptocurrencies now made up a not-insignificant 7-8% of his portfolio. Even wilder, the nut admitted he was doubling […]
Tesla just bought $1.5 billion of Bitcoin. Could Bitcoin really hit $500,000?
How’s this for a bombshell? Bitcoin cryptocurrency (otherwise known as that roller coaster of an investment that started as a nerdy experiment, quickly became the currency of choice for underground criminals, then got threatened with government shutdown, somehow made a comeback, and along the way accidentally created thousands of unexpected millionaires and billionaires)… Yeah, THAT […]
How Warren Buffett doubles his money every two years. (And how you can too!)
What’s the magic moment when compound interest goes crazy? And why does it happen? When I was writing the recent article about my teenage stock market investments, I think I found the answer. It’s all about turning your portfolio into a money printing machine. Warren Buffett does this. I (accidentally) did it. And you can […]
This Chart Will Tell You How Much Every $1 You Invest Will Be Worth by Age 60
When I first started investing money, one of the most exciting ideas was the concept that every dollar I saved could be worth so much more money in the future. But exactly how much more? I thought it’d be fun to find out. For some #ThursdayMotivation (is that a thing?) I ran some calculations to […]
