The Top 3 Bitcoin Alternatives

Top Bitcoin Alternatives

Everyone has heard of Bitcoin, the world’s first cryptocurrency. Launched in 2009, it burst into the mainstream last year, starting at under $1,000 and hitting a peak value of $20,000 before heading back down. This decentralized currency is the leading ‘altcoin’ in terms of total market capitalization. But, one must understand that there are many other leading Bitcoin alternatives that should be considered.

Top 3 Bitcoin Alternatives

Bitcoin is the most traded cryptocurrency, giving it huge liquidity, as well as worldwide acceptance. However, it isn’t the only digital currency that in-the-know traders are looking at. The following 3 Bitcoin alternatives are also worth considering.

Related: Can Your Mutual Funds Beat the Stock Market??

#1 Ethereum

Launched in 2015, Ethereum is currently the 3rd largest cryptocurrency by market capitalization. It has pushed blockchain technology one step further with the implementation of smart contracts. These contracts can be added to the blockchain . . . → Read More: The Top 3 Bitcoin Alternatives

Can Your Mutual Funds Beat the Stock Market?

mutual funds beat the stock market

Mutual Funds absolutely soared last year. I mean c’mon, take a look at the growth on these funds:

Fidelity Select Technology Portfolio, +49.86% Putnam Global Technology Fund, +47.04% VanEck Emerging Market Fund Class Y, +50.32%

Isn’t that just insane??!!

The overall S&P 500 (an index of the top 500 companies in America) had a record year too, but it “only” increased by 20%.

So the analysis is simple, right? “Can your mutual funds beat the stock market?” Well of course! There are three mutual funds listed above that killed the S&P! Buuuuut, not so fast. Just because these 3 mutual funds beat the market doesn’t mean that you can pick which ones will be winners before the year begins. No one has a crystal ball – not even the professionals can accurately predict which mutual funds will beat the market year in and year out.

So is it even possible? . . . → Read More: Can Your Mutual Funds Beat the Stock Market?

Kid’s College or Retirement? What Should You Be Saving For??

college or retirement

College is expensive, and retirement seems so far away for many people. So for many families, guess what they do? Do they save for their children’s college of retirement? Often times…they choose to save for college. But is that the wisest choice? Should you save for college or retirement?

The Kid’s College or Retirement? What Should You Save For?

This post has been written by our talented staff writer, Kimberly Studdard.

First things first, when trying to decide on if you should save for college or retirement, you need to have the answer to two specific questions.

Do you have an age in mind for when you want to retire? Do you plan on paying for your child’s entire college education?

When deciding on whether you will pay for college or retirement, your lifestyle is going to be the main factor. Everyone’s life choices are different, so deciding up . . . → Read More: Kid’s College or Retirement? What Should You Be Saving For??

9 Ways to Make Retiring Extremely Early Possible

retiring extremely early

Retirement dreams… yeah right. These euphoric plans of the future often fizzle, fade, or just turn into an impossibility. Old age, cancer, disabilities – all these perils are killing our ability to retire the way we had always dreamed of. It’s becoming an undeniable reality for many…but it doesn’t have to be.

As I see it, rather than waiting till we’re 65 years old (and hopefully still in good health) to retire, we’ve got two other options: We can live life to the fullest today, cramming in as much fun as possible in between our working hours, or We can work our butts off today to retire extremely early tomorrow

In my opinion, both of these options beat the pants off of the “wait-till-we’re-65-to-live-life” plan. And in this post, I’d like to focus on Option #2 – working hard today to retire extremely early tomorrow.

9 Ways to Make Retiring . . . → Read More: 9 Ways to Make Retiring Extremely Early Possible

What to Do and Not to Do with Money at Age 16

do with money at age 16

“Hey, 16 year old Derek. You’re not as smart as you think you are! Sure, you just bought that truck with cash and you recently got a job at that swanky golf course…but you’re going to make some serious money mistakes. And, there are some other things you’ve never done with money that I sure wish you had! So listen up!”

What to Do and Not to Do with Money at Age 16

Ahhh if only we could go back in time! We could undo our wrongs and improve on the things we did right.

Obviously, that’s just not possible (yet), so this article is for all you 16 year-olds out there! If I were in your shoes again, what would I do differently with my money? Let’s start with what not to do…

Don’t Do These Things 1) Don’t Waste Your Money on Technology

When I was 16, I . . . → Read More: What to Do and Not to Do with Money at Age 16

What is the Rule of 72? And How Will It Help You Become Wealthy??

what is the rule of 72

“Derek, I’m in trouble. I’m 50 years old and we’ve only got $300,000 saved for retirement. There’s no way we can survive on that! It’ll only last us 10 years before it’s all gone!!”

I’m approached with the terror above quite a bit. People have been saving their entire lives, they hit the magic age of 50 where everyone seems to freak out a bit, and they suddenly look at their retirement account with extreme apprehension.

So how do they typically respond? One of two ways:

They start investing much differently than they had before – in high-risk, high-reward stocks, or They keep their head down, stay the course, and just hope everything works out.

While I don’t love the “stick your head in the sand approach” of #2, it’s actually the option that I’d recommend (that is, if you’re invested appropriately for your age already).

The reason?

The Rule . . . → Read More: What is the Rule of 72? And How Will It Help You Become Wealthy??

First Time Investing Without Too Much Risk

types of loans you should consider before turning to payday loans

You’ve worked hard to save, and the last thing you want to do is to risk losing those hard-earned dollars. But at the same time, wouldn’t it be great to be making more than 2% (or less) on your savings sitting in an account at your bank? The cost of living is increasing while your savings seem to be shrinking. You hear stories about investors in the stock market making huge profits, but it can mean losing some or all of your money if a company falters or fails completely.

First Time Investing Without Too Much Risk

The official advice is never to invest money that you can’t afford to lose. So, without risking a substantial amount is there a way you could try investing on a smaller scale, maybe making a little more on your money through capital growth or dividend income without chancing it all?

Low-risk shares are . . . → Read More: First Time Investing Without Too Much Risk

The Rental House Progress – Two Months In!!

rental house progress

Have we really owned this house for two months already?? Sheesh… It feels like 2 weeks. There is still so much to do, I bet we’ll still be at this 3 months from now. BUT, it will all be worth it once we sit back and collect our $1,300 rent check each month! 🙂

For those of you that are just recently joining us, you can quickly catch up on our rental house progress with these posts:

How We Just Scored a $100,000 House for $75,000 Our New Rental House Project – Video Walk Through! Our Rental House Progress – 3 Weeks In The Rental House Progress – Two Months In

This is definitely a bigger project than we initially thought it would be (in our minds, we were going to tear down the paneling and patch the plaster – a 1-2 week job….and now all we see are 2×4’s…), . . . → Read More: The Rental House Progress – Two Months In!!

7 Reasons I Bought a Crappy House Instead of My Dream Car

reasons I bought a crappy house

Remember that $75,000 car I was absolutely obsessed with a couple months ago? It was a black and white Ferrari 360 – one of the most beautiful cars I have ever seen. Man it would be awesome to drive that thing to work every day! Plus, we actually had the money in the bank to do it, so we went to the dealership and bought it, right? I mean look at this thing!

Wrong….

Instead, Liz and I bought a 100 year old, 3 bedroom 1 bath, fixer-upper house with the exact same price tag… $75,000…

7 Reasons I Bought a Crappy House Instead of My Dream Car

So what are the reasons I bought a crappy house instead of an amazing $75,000 car that goes 0-60 mph in 3.8 seconds? Well first of all, the car would probably kill us (I have no business driving something that . . . → Read More: 7 Reasons I Bought a Crappy House Instead of My Dream Car

5 Steps to Build Rapid Wealth

build rapid wealth

Did you just turn 50, deathly afraid that you’ll never be able to retire? Or maybe you’re 20 years old and just want to build up a massive amount of wealth in a short period of time.

No matter where you are on your life’s journey, these steps to build rapid wealth WILL work for you.

I can tell you that with confidence because my wife and I follow these exact steps, and we’re well on our way to becoming millionaires in our mid-30’s.

5 Steps to Build Rapid Wealth

This post contains affiliate links.

“Alright, so what’s the secret, Derek?”…”Is it network marketing? Developing the next Angry Birds app? Buying a car wash…? It’s got to be something crazy if you think we can build up a million bucks in roughly a decade!”

No, no, no, annnndd not true…nothing crazy. Just simple hard work and intentionality.

Here are the . . . → Read More: 5 Steps to Build Rapid Wealth