Seeing a particular stock or investment opportunity skyrocket can trigger a desire to get in on the action. Here’s an example of what you’re up against, and why having a fundamental thesis matters. During my time as an institutional investor, I sat through a slew of hot opportunities, many of which we let pass...
A Warning Story Of Blind Momentum Investing: Inside A Pump and Dump Scheme
2017 Income Report: How I Made $62,326 Blogging 5 Hours A Week
What I made in my first calendar year of blogging and how it was done. A discussion of blogging as a side hustle to build wealth while working on things you enjoy. I’ve talked a lot on the blog about the four components that go into building extreme, early wealth: Earning more money...
Breaking Down Real Estate Private Lending: A Source for 9-12% Returns?
Our guest poster Elizabeth Martin introduces the concept of real estate private lending – an investment asset that has been yielding her 9-12% returns – and breaks down how it works and how one might get started. I am continually impressed by the smart readers that have joined the Money Habit community. Today, I’m...
How To Spend Your Money: A Thought Exercise on Happiness
A thought exercise on the recipe for happiness and where your dollars should really be deployed to achieve it. I love January. As a Type-A planner type who measures all her financial goals on a calendar year, January is pretty much like waking up to a Christmas tree surrounded by gifts. I get to...
Your Break Down of Bitcoin and Cryptocurrencies (And Whether You Should Invest)
A former institutional investor breaks down what cryptocurrencies are and how to frame the pros and cons of an investment in various cryptocurrencies, all in under 10 minutes. The attention cryptocurrencies are getting in the media – especially Bitcoin – is astronomical. It’s not hard to understand why. The price of a Bitcoin was...
What Do You Want To Read About In 2018?
Leave a comment with the topics you would most like to read about in 2018. Have articles custom written about topics you care most about for the low, low price of free. 2018 is upon us, and that means 365 more chances to snowball our wealth. In order to make the most of...
New Year’s Wins: 5 Actions To Start The Year Off Right
What are concrete things you can do with the energy you have to start the new year off right? Here are five things that will start a flywheel of productivity for your wealth. Start Regularly Tracking Your Key Metrics: Net Worth, Income, and Expenses You improve what you measure. When a business...
Another Tax Bill Update: Finish Paying Your Estimated 2017 State Income Taxes Now
The tax bill makes paying your final 2017 estimated taxes before year end a worthwhile move. For business owners, contractors, and others who may have dividends, stock gains, real estate gains and anything for which taxes haven’t been withheld, consider getting payments in before 2018 begins. As everyone is probably sleeping off some...
Tax Bill Update: Should You Prepay Property Taxes Before 2017 Ends?
The new tax bill was officially signed into law this past Friday. Folks may have an opportunity to save thousands on their tax bills by prepaying 2018 property taxes before the clock runs out this year. Here’s who is affected. Update (12/27/2017): The IRS released official guidance on prepayment of property taxes on December...
The Best Posts of 2017
Here are some of the best posts written on the Money Habit in 2017. 2017 has seen new 100 posts added to the Money Habit archives. That’s a lot of new ideas, financial charts, and cat pictures to comb through. If you’re looking for the highlights, here are some of the best posts...