When University of Chicago professor Harold Pollack was interviewing Helaine Olen he said that “The financial advice most people actually need is common sense and simple enough that it would fit onto a 4-by-6 index card.” “I started getting emails saying, ‘Where’s the index card?’” Pollack explains. So even though it had more of a […]
All the Financial Advice You’ll Ever Need Fits on a Single Index Card Read More »
People that are financially successful tend to all use a budget to manage their monthly bills. Even the ones that don’t use a budget have the self discipline to control their spending within the parameters of what their income allows. A budget spends all of your monthly household income on paper before the month begins.
How To Manage Your Money (50/30/20 Rule) Read More »
Money doesn’t bring happiness in itself, it’s the time, freedom, and experiences money buys that brings happiness. Money can’t solve all your problems but it can solve all your money problems. Money doesn’t change you, it just amplifies who you already are. If you are greedy you will just be more greedy, if you are
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Warren Buffett had an interest in being rich from an early age. He said he read all the books about finance from the Omaha public library by the age of ten years old, and some twice. He tried many small business ventures as a kid selling chewing gum, collecting glass Coca-Cola bottles to return for
This Is How Warren Buffett REALLY Made 95 Billion Dollars Read More »
Net worth is calculated by the total value of every asset that an individual owns subtracted by all their liabilities. Net worth can vary greatly over someone’s lifetime based on where they are in their financial journey. College graduates can even start out with a negative net worth as they have a degree but no
Average Net Worth By Age (Not What You Think) Read More »
There are fourteen primary levels of wealth that are each distinct in their experience both mentally and financially. Most people can look at this list and identify where they are in their financial journey rather quickly. Two keys to personal finance is to number one identify where you are, and number two set goals for
Levels of Wealth Explained Read More »
Legendary trader Paul Tudor Jones is one of the best money managers of his generation for both consistent returns and minimal drawdowns. He had no losing years in his primary fund over multiple decades, which is unheard of in the industry. PTJ more than doubled his assets under management during the Black Monday Crash of 1987 on
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Bill Ackman became a billionaire through operating the Pershing Square Capital Management hedge fund that he founded in 2004. He became famous in the financial world for his short position on bond insurer MBIA and his rescue of mall operator General Growth early on in his investment career. His approach is mostly as a contrarian
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Here are the Berkshire-Hathaway portfolio holdings managed by Warren Buffett that were reported in the 13F filing to the SEC for the 1st quarter of 2022 on March 31st. Warren Buffett continues to oversee and manage the Berkshire-Hathaway portfolio with approximately $363.5 billion in capital. Current Warren Buffett Portfolio 2022 Here is a snapshot of how the Warren Buffett
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Cathie Wood founded ARK Investment Management, LLC which focuses on disruptive innovation and offers investment solutions to investors seeking long-term growth in the publicly traded markets. Wood created ARK in 2014 with the idea to package active stock portfolios in an ETF format. Wood’s Ark Innovation Fund is their flagship portfolio. Ark invest offers many
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