Is Savings the Way to Grow Your Wealth? You Would Be Surprised

Most personal finance blogs will tell you that savings is the most important factor in becoming wealthy, which is true right, if you don’t save; you simply cannot increase your net worth, which is a lose/lose situation. However, is savings the answer to abundant wealth? Lets take a look at what saving over a lifetime […]

What is “living within your means”?

A common topic in the personal finance world surrounds living within your means. But is it really important to live within your means? And what are the main benefits and drawbacks in doing so. Rent – the Great Bambino  When I think about living within your means rent is the main showstopper. If your rent […]

How to Become Wealthy

How to Define Wealth Before discussing how to become wealthy it might make sense to discuss what the definition of wealthy really is. Is it 2 million in the bank? A salary of 1 million per year? In my opinion being wealthy is having enough money to allow yourself to never have to work again […]

Generate Income Through Peer-to-Peer Lending

With CDs and other fixed income products paying laughable yields, investors are searching for places to park their money and earn a decent interest rate. In a previous article, I wrote about 8 ways to earn income when interest rates suck. One of the options that I mentioned, peer-to-peer lending, has started to catch momentum as […]

Selling Covered Calls To Generate Extra Income

If you’re a buy-and-hold investor with at least 100 shares of a particular stock, you could be generating extra income with little effort on your part. No, I’m not referring to dividends. Selling covered calls is a low risk options strategy that allows you to collect a premium for writing calls while you still own the […]