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Blog - Page 43

Meet the 24-year old with $2.2 million in debt

Regular readers know that I'm not especially enthusiastic about investing in real estate, so this post won't come as a big surprise. But it's not just about why I think stocks are better. Many of you have been hearing about the blog http://www.iamfacingforeclosure.com, written by a 24-year-old guy named Casey Serin who "bought 8 houses in 8 ...

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What To Do When Stocks Go Down (+ what to avoid)

I'm an optimist, but seeing a lot of money disappear can be absolutely frightening. So after the latest drop in stocks, I thought I'd share my thoughts here. if you invest, you're going to lose money at some point. That's ok--especially when you're young because time helps mitigate loss if you have a good investment. But ideally, it shouldn't be ...

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8 stupid frat-boy business ideas

First of all, let me say that I loved writing this. See, when I was in college, I would walk by the Quad and see a poster for some new book-exchange service literally every week. "SCREW THE BOOKSTORE!!!" it would say. "TRADE YOUR USED BOOKS WITH THIS NEW SERVICE!" The idea is that bookstores charge too much, so why not ...

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The world’s easiest guide to understanding retirement

How does retirement work? For most people, it's like this: you reach a certain age and start thinking about spending your days on the golf course. Then you look at your bank statement and freak out, and think about taking on a second job instead. I want to be clear about something: I'm sincerely interested in doing less and less ...

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Book Review: Rich Dad, Poor Dad (this books irks me)

I decided to start reviewing some books that I read, and the first one up is Rich Dad, Poor Dad. I'll do books on personal finance, entrepreneurship, and whatever else I think is cool. (If you have books you like, let me know.) Rich Dad, Poor Dad: What The Rich Teach Their Kids About Money--That The Poor and Middle Class ...

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Things I hate spending money on

Today I thought it'd be fun to put down all the stuff we hate spending money on. Now, I'm perfectly willing to spend lots of money on stuff I love, but not these things (below). Check some of mine out and add your own comments. Dry cleaning. What kind of damn service cleans things without using water? I still don't ...

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Money vs Experience: How to quickly decide what's right for you

I was originally going to call this article “You win some, you lose win some.” Here's why: I am totally discriminatory in my pricing for many things. If a poor, sincere college kid asks for some advice, I won't charge him a dime. But if I get a call from a large, multi-national conglomerate wanting the same thing, I'll charge ...

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Don’t Quit Without Asking For What You Want

Indian people don't give a damn about set prices in stores. They are masters at getting deals almost anywhere. In my quest for bargaining, I have vanquished department stores, car dealers, and landlords. But the one place I haven't been able to bargain with is McDonald's. To me, their golden arches represent the ultimate aspiration: To strike a deal with ...

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All about asset allocation

Sometimes I use the phrase "asset allocation" at cocktail parties to sound smart. The host, whose party I am crashing, usually looks at me, surprised, and asks me one question: "How did you get in here?" Then I leave, usually. Anyway, asset allocation is a fancy way of describing where you put your money (e.g., 50% in stocks, 20% ...

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5 Steps To Getting Rich (Read This First)

Read below for richer details for the steps to getting rich, though. Pardon the pun. In a big hurry? Download a New Free Ultimate Guide to Personal Finance. (more…)

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