Smart Moves = Financial Freedom

Plotting Your Career Path: Three Key Factors For Success

Careers

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 […]

Retire Early – Should You Take The Plunge?

Retirement

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 […]

Don’t Insure Your Cell Phone

Savings

Quick And Dirty Guide To Buying A Used Cellphone

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 […]

“Be Realistic!” or “Chase My Dreams?”

Careers

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 […]

Do As They Do, Not As They Say

Financial Independence

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 […]

The Stock Market Is Always Overvalued

Investing

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 […]

The Perils of Restless Change

Careers

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. […]

Build Wealth on The Trailing Edge of Technology

Savings

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 […]

Quick Savings: Share Amazon Prime

Savings

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 […]

Try To Get Rich Quick

Investing

If you are going to focus intensely on investing and building wealth, something will tempt you as too good to be true. If you are young, I hope you try it, and I hope you lose some money. It will teach you a harsh lesson early in life. Getting rich quick almost never works. It’s […]