Summer is over and so is your wild spending (you hope). It’s time to buckle down and think about your personal finances again.
What’s your income? Where is your money going each month? And how can you improve your net worth from year to year? These are questions that I constantly ask myself when I’m browsing the web for new and improved ideas around personal finance.
This month, I stumbled upon five gems that I’d like to share with you. Grab that cup o’ joe, sit back, and enjoy the read.
Too Many People Are Pretending to Be Rich
– by The Simple Dollar – This is exactly my thought every time I walk into the parking lot at work. BMW, Audi, Inifinity…these are the cars that are making people feel like a million bucks, but worth absolutely zero. They’re pretending to be rich. The reality is that they’re pissing away the money that they could have had if they were just a little more sensible with their purchases.
23 Reasons Why You’ll Always Be Broke
– by Money – This is an awesome article that was pieced together by many of my personal finance friends’ advice on the topic. There are tons of things people do wrong with their personal finances – at least 23 reasons that is. Take a look and make sure your methods aren’t on the list!
– by Financial Samurai – The median Asian household income is $78,000 a year. The median American household income is just $62,000 a year. Why such a huge difference? I’ll give you a hint. It has nothing to do with egg rolls.
A Peek Into a Real 1%er
– by 10! Factorial Rocks – The author of this blog post actually worked hand-in-hand with an individual that was worth $60 million. As it turns out a multi-millionaire things WAY differently than a barely-millionaire. Check it out.
3 Billionaire Secrets to Building and Retaining Wealth
– by Money – Just like the last article, being ultra-wealthy is far different than just earning a lot of money. If you want to become amazingly wealthy, it’s time to start thinking like and acting like a billionaire.
Short on time? I suggest reading “Too many people are pretending to be rich.” It’s by far my favorite on this list.
My name is Derek, and I have my Bachelors Degree in Finance from Grand Valley State University. After graduation, I was not able to find a job that fully utilized my degree, but I still had a passion for Finance! So, I decided to focus my passion in the stock market. I studied Cash Flows, Balance Sheets, and Income Statements, put some money into the market and saw a good return on my investment. As satisfying as this was, I still felt that something was missing. I have a passion for Finance, but I also have a passion for people. If you have a willingness to learn, I will continue to teach.