When you start investing in a company, it’s important that you take a good look at the people who run it. You have to make sure that their management team has talent and integrity. Otherwise, they’ll run the company into the ground and you’ll be in danger of losing your money. You get a sense Read more.
Paying off debt is not easy. Trust me, I’ve been there. It can be especially hard if it’s credit card debt. Credit card debt can be crippling to you, and your wallet. It also makes it impossible to invest. Think about it, you’re paying 18-20% on credit card debt and you’re also going out and Read more.
The “someday” you’ve been planning and saving for is today. It is time to retire. You may be feeling ready and excited, or you may be feeling overwhelmed and unsure. All of these emotions are completely normal as you are about to undergo a major lifestyle change. What should you expect from this new chapter Read more.
A word you will hear time and time again in the investing world is diversification. Diversification is the idea of creating a portfolio that includes multiple investments in order to reduce risk. Someone who is an entrepreneur might think it best to lower his risk and have 100 businesses, rather than focus on one or Read more.
When you start investing, it is best to choose companies that have value to you. Investing is not just about finding businesses at really good prices, but about understanding when to enter or exit the market. To aid in your understanding, I have compiled a list of essential investing tools that anyone buying or selling Read more.
In today’s day and age, the average lifespan of humans is increasing steadily. Medical discoveries are made every day, allowing people to live long, healthy lives. The downside? People may begin to outlive their retirement savings. Investing after your retirement is the solution.
Investing your money generates more money by earning interest on what you put away. When you take the time to learn investing basics, there is less risk involved. You learn to choose stocks that will generate more money for you in the future. Bottom line: the best way to make money without working for the Read more.
In the 2013 Berkshire Hathaway Chairman’s letter to shareholders, Warren Buffett writes about “certain fundamentals of investing.” These fundamentals form the nucleus of the Rule One investing philosophy. Because of this, I’ve included selections from his letter regarding these key points, along with my own comments. I hope my thoughts help to amplify the point Read more.
When I say the word “retirement,” what image pops into your mind? Is it a tropical vacation somewhere? Is it a golf course with friends? Maybe relaxing with your grandkids? Whatever it is, I hope it’s a happy image. Because retirement should be just that – happy, healthy, and wealthy. You’ve spent the majority of Read more.
This week Danielle and I discuss the United Airlines incident and the importance of leaders and integrity. As well as the strength of family-owned companies and the different classes of stocks with different voting rights.