Investing might sound scary or intimidating, but really it’s about one simple idea:
How to make your money work for you.
You earned it once, now how can you multiply it in a way that aligns with your risk tolerance?
It’s weird, but I sit on both ends of the spectrum on this, at once having made big bets on my own business and experimenting with “alternative” investment platforms, and on the other hand being paralyzed into sitting on the sidelines by fear the market might go down.
In this section of the site, you’ll find information on real estate investing, peer-to-peer lending, and even buying businesses.
Know your net worth. Your net worth is the sum of all your assets (cash, savings, mutual funds, equity in your home, etc.) minus your liabilities (student loans, credit card debt, mortgages, etc.).
One tool I like to help calculate your net worth is Personal Capital. It’s free!
Know your objective. What’s the goal of your investment? A goal of accumulating wealth to retire in 30 years is very different than a goal of earning $1000 a month in positive cash flow.
During our recent trip to Montana and Wyoming, I was surprised to find octane 85 and 85.5 gas at the gas stations. I had the false idea that octane ratings had to do with fuel efficiency, fuel “quality”, and or pollutants. I had some homework to do. What is Octane? The octane rating of gasoline … Read more
Satellite radio is an interesting business model. They have extremely high overhead (satellites definitely aren’t cheap), but the marginal cost of additional customers is basically zero. Their satellites are already up there beaming signals down to earth; if the signal hits one receiver or a million, it’s all the same to them. In December, mom … Read more
Yes, I’m that guy who charges his order off the dollar menu. Why? Because with tax it always ends up being $1.09 or some other terrible amount, and what am I going to do with $0.91 in change? All of a sudden the $1 double cheeseburger pretty much cost $2. (Although it is nice, three … Read more
How Restaurant.com Works Restaurant.com sells gift certificates to local restaurants at deep discounts. Their normal price is $10 for a $25 gift certificate, but they often run promotions where you can buy the same $25 gift certificate for just $2 or $3. $25 worth of food for $2! What’s the catch? Each restaurant has their … Read more