Money

Mastering Wealth Mindset: A Guide to Building Wealth through Saving, Diversifying, and Passive Income Streams with Real-Life Examples and Recommendations for Books and Podcasts

Developing a wealth mindset is essential for achieving financial success. It involves developing a positive and proactive attitude towards money, and adopting habits and behaviors that support wealth creation. In this article, we will discuss the steps you can take to develop a wealth mindset, and provide real-life examples of successful individuals who have done just that.

Money

21 Easy Frugal Living Choices to Save Money

Frugal living is a lifestyle choice. Consider it more like a person’s spending behavior adjustment. Everyone wants to save money, but do we put in enough effort to make this happen? Once in awhile denying yourself your favorite Latte at Starbucks or putting off a road trip won’t make much of a difference. After getting haunted constantly by the thought of being broke, I decided to try living frugally.

Money

Market Timing is for Losers – A Case Study

In this post, we will unearth the truth behind stock market timing for investments with help of 3 hypothetical portfolios and investment strategies of our assumed characters; Albert, Berry and Christina. In our first scenario, we will analyze the investment philosophy of Mr. Albert who can accurately time a market’s downturn and has only invested… Continue reading Market Timing is for Losers – A Case Study

Money

Best Retirement Planning – IRA vs. 401k vs. Roth IRA

So, you are planning for retirement and wondering which option will be the best – IRA vs. 401k vs. Roth IRA? Over the past 30 years, the laws have changed considerably in favor of 401K and IRA accounts which allow people like us to benefit from pretty much automatic retirement planning now a days. If… Continue reading Best Retirement Planning – IRA vs. 401k vs. Roth IRA

Money

Why is Order of Rate of Return so Important

Recently I came across an interview of Tony Robbins. During the interview he mentioned something which caught my attention. He illustrated a hypothetical scenario of someone having his life’s savings invested in stock market through a 401K or IRA plan and as soon as person turns 65, the stock market turned red and fall into a… Continue reading Why is Order of Rate of Return so Important