When I look back at how I started my investment journey, I know that I made the best decisions with the knowledge and information I had at that time. I also feel that I was very conscious about my investing patterns which lead to a more conservative portfolio. When you hear about being more aggressive in your younger years, it’s a high risk high reward strategy. The younger you are the higher risk tolerance you may have. Not taking more…
Good-bye 2023, Hello 2024. Sometimes I feel that the new year is just a continuation and it really doesn’t feel new. Other times I feel like it’s symbolic to start something new, review your life journey, and make any adjustments. Here’s the plan for 2024. One of the GOAT things to do is to stay consistent. Continuing to practice good financial habits is key and if you can make it a permanent lifestyle, you will reach your financial goals. I…
A friend of mine asked me about the Chase Ink credit card and that he was thinking of opening one. I was happy that he came to me and the excitement made me forget about referrals. Certain Chase credit cards give referral bonuses when you refer someone to one of their credit cards. In this case, I totally forgot about it and missed an opportunity for the referral bonus. Lesson learned, don’t forget the referral. I’m kicking myself because missing out on an…
Planning for vacations well in advance has a benefit. In my experience, the costs of flights and hotels are less expensive than if you were to make reservations closer to your travel date. For example, I’ve reserved airline flights 6 months in advance and I noticed as my travel date gets closer the price tends to go up. Reserving hotel rooms well in advance will have a similar experience. This is something I’ve known about and have practiced this for…
Ever think that a huge company like Microsoft would be in the business of giving you rewards for taking pictures of your receipts and interacting with their services? I didn’t until I came across Microsoft Rewards. Microsoft is trying to bring people to use their products and services so what better way than to offer a rewards system. You earn points by taking polls, quizzes, uploading receipts, searching with Bing, and others. Microsoft has a legitimate rewards program. I’ve been…
What’s a Kidpreneur? Kid + Entrepreneur = Kidpreneur I actually have 2 Kidpreneurs in my household. During the pandemic, my kids were home and had to keep themselves busy. Not knowing exactly what they wanted to do, they tried various things like cooking, gardening, YouTubing, and more. The two things that stuck were making bookmarks and crocheting dolls. Who knew they had this interest and the talent. They both got really good at what they do and created a side…
I’ve been writing about all the ways I’ve learned to save and earn money. My dad always said that earning money is long and hard, spending it is fast and easy. How to keep your money in your pocket is the name of the game. One way is to find less expensive alternatives. In the beginning this might feel uncomfortable but in the long run, it will help you financially. Will you be able to keep the same lifestyle? It…
If you’re looking to live financially dangerously and you can handle a roller coaster of emotions, try day trading. I always wanted to look into this and see how do day traders profit from this. Like any investment, you would want to buy low and sell high. But can you do that constantly throughout the day? I’m sure that professional day traders have access to more resources and information that a consumer investor but I took a small stab at…
When you go shopping, dine out, or get a quick drink, do you actually look at your bill to see if you were charged correctly? There are occasions where I ordered an appetizer and it never came out. Yet, it was still on my bill. If you don’t check, pay, and leave the location, it’s going to be hard disputing the charge afterwards. Make sure to always check your bill before you leave and before you pay. Accidental charges happen…
For the past number of years, your savings account probably wasn’t growing much because interest rates were near 0%. Putting your money in a savings account was seen as a non-growth method. That’s not what were seeing these days. To fight inflation, the Fed has been raising interest rates which is also pushing savings rates higher. Savings rates are increasing. As of writing this post, I’ve seen savings rates over 4% now as well as 5%. If you’re looking for…