Tag: Financial Literacy
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Predictions for 2022
2022 is really uncertain. What will happen in financial markets next year? Here’s my take.
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How to approach asset allocation and risk tolerance.
Figuring out how much of your net worth to invest in different assets is challenging. It is very personal. Take the time to figure out where your comfort level is and what makes sense based on your goals and your age.
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Understanding the mechanics of a loan
How does a loan really work? What goes into determining whether a lender will lend to a borrower? How does the loan get repaid? How does the bank make money? Determine the answers to these questions and more in this article.
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How to negotiate a higher salary and level up wealth creation
Too many young people complain that they don’t earn enough money to build wealth. One way to remedy this is to earn more money! But how does one convince a manager that they are worthy of a higher salary? What are the actions one can take to prove their worth? What biases exist which can be leveraged? Learn the answers to these questions and more in this article about career earnings growth.
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How to underwrite a rental property
How to underwrite a rental property. Real estate investing isn’t rocket science, but it does come with some significant risks to understand. Read about how to study rental income and regular expenses to see whether a property is a good investment.
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How to get started growing your wealth
A common question from young investors is “how do I get started?”. Why the sooner the better, what account to use, what investments to invest in, how to make it easy and more within this blog post.
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Long versus Short Positions in a Stock
What is the difference between going long and going short in a stock? Are there different risks to be aware of? What happens in a short squeeze? Learn about the different aspects of stock trading within brokerage accounts in this blog.
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INFLATION – The Silent Killer
One of the concepts which we all need to be acutely aware of when it comes to managing our finances is inflation. Inflation is that silent killer that over long periods of time can have a very detrimental impact on our net worth. So much so, that we need to constantly be fighting against its […]
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Book Launch Press Release
A Fighting Chance: The High School Finance Education Everyone Deserves has launched on Amazon. This is the book you wish you were given in high school to set you up to succeed. This book makes a perfect gift to the teenagers in your life. Or, buy for yourself to brush up on your financial literacy.
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Risk – What could go wrong
How much risk is in your portfolio? Do you understand what will happen to your net worth if different economic events occur? Read this article to find out how you can manage risk and protect yourself against unexpected downturns.
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Opportunity Cost and what could have been
Every decision we make comes with a cost. Not just the cost of the thing we acquire, but the cost of what could have been. Opportunity cost is the concept that there are alternatives to the decisions we make that have different outcomes. Being aware of opportunity cost is critical to sound decision making.
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Challenging the goal of retiring with no mortgage
How many times have you heard advice to pay of your mortgage by the time you retire? That having a paid off house is setting you up for success in retirement? The argument would be that when you retire, your income reduces substantially such that paying a mortgage payment each month could impact your ability […]
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Time as your biggest financial ally
I really don’t think I can emphasize enough the value of time to a successful wealth creation process. Money multiplies over long periods of time, and it does so exponentially. In other words, the longer you have to leave your money invested, the faster its pace of growth will accelerate. How? Compounding returns They used […]
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Creating a budget that works for you
Everyone knows that successful businesses always stick to their budgets. In an entrepreneurial setting, where a company has raised money through investors and banks, every dollar needs to be carefully deployed to resources that give the business additional value. Making frivolous decisions with investor money is a recipe for disaster and the CEO is accountable […]
A Fighting Chance Finance 