To achieve financial freedom, you have to own your financial life. Don’t think of your finances like something that is happening to you. Treat the money flows like a business. What is your income? What are your expenses? Where can you reduce costs and boost income? Treat it Like a Business Revenues How can you […]
continue reading....
There are three key factors to consider when plotting your career: First, will you enjoy the work? No, work is not Disneyland. Nearly all work has tradeoffs. Nonetheless, if the job is a total mismatch for your talents, interests, or temperament, you will be miserable. Second, do you actually like the institution and the people […]
continue reading....
Should you retire early? The question of early retirement is a lot more complicated than most writers admit. Because leaving work early and achieving financial independence are a dream for so many, financial writers (especially on the internet) tend to sell to those dreams and paper over the real challenges that many encountert when the […]
continue reading....
When you go to Best Buy, one of the wireless carriers, or wherever you buy a television or a high-end cell phone, don’t buy the add-on insurance. Ever. This is a tax on the mathematically challenged. Think about it. What are the odds that your phone will break within the two years of the service […]
continue reading....
Should You Be Realistic, or Chase Your Dreams??? This is a false dichotomy. I say be realistic while chasing your dreams….. You have to eat. So you need money. Get the best job you can, and chase your dreams like mad on the side. With this approach, you will be building skills on someone else’s […]
continue reading....
If you look closely, most of the the online personalities that advocate “early retirement” and investing for passive income did not, in fact, simply leave the workforce and pursue non-financial rewards. They became entrepreneurs in various shapes and forms–from the solopreneur to someone outsourcing much of the work, to someone with full-time staff and a […]
continue reading....
The stock market has always seemed overvalued to me. I remember when I first started investing in the mid-1990s. The Dow Jones Industrial Average was closing in on 5000. It made me nervous. The market had moved too far, too fast. I just knew a correction was coming. The market is now four times higher […]
continue reading....
MightyInvestor.com is an optimistic place. This is because we really do believe you can build a phenomenal career, save up a massive financial buffer, and invest such that you beat 80 percent of professional investors. That said, we sometimes throw out a note of caution. And here is one. Beware the perils of restless change. […]
continue reading....
You can get rich riding the trailing edge of technology. This means just buy slightly used or slightly older models of cell phones. Here’s an example. I’ve decided to upgrade my cell phone. I’m doing this because I want a higher quality camera for making videos for MightyInvestor.com. I’ve done my research, and I’m going […]
continue reading....
Did you know you can share your Amazon Prime subscription benefits with family members and another adult? My parents, sister, and I have been sharing for years. We keep the prime membership in my name, but rotate who pays each year. Same exact benefit, one third the cost. (Please note that the terms of service […]
continue reading....