Understanding The Hierarchy Of Needs Of Personal Finance
If you have ever taken an introductory psychology class you have probably heard of Maslow’s Hierarchy of Needs. Maslow’s Hierarchy is a model of human needs. At the bottom, you have the most basic of needs — food, water, and shelter. These needs must be fulfilled before you move further up the hierarchy. At the top, you have self-actualization to fulfill one’s potential.Read full story
The Importance of Having an Emergency Fund -- Why You Need to Start One.
Personal finance can feel like a daunting mystery. however, by understanding a few basic concepts you can get your financial house in order and give yourself some breathing room.Read full story
How Much Do You Need To Save To Retire Early?
If you asked random people off the street if they were saving enough what would their response be? Most of them would say that they should be saving more. Despite knowing they should be saving more, most people have little savings.Read full story
How to Save Up Your First $100K
In 2018, I graduated from college with a mechanical engineering degree. Then almost two years later my net-worth surpassed the $100K mark and entered into 6 figure territory. This happened despite the short-lived stock market crash of 2020. I want to share with you eight habits that enabled me to achieve such a high savings rate.Read full story
Bitcoin Investing | Why I Finally Bought into Crypto in 2021
I am a long-term, buy-and-hold investor and not an active trader. I invest for dividend growth instead of short-term capital gains. I’m the last person who would invest in GameStop stock, except for maybe Warren Buffet.Read full story
Why I Am Chasing F.I.R.E - Financial Independence Is The Goal, Not Retirement
The FIRE (Financial Independence Retire Early) movement has grown a lot in the last 5 years. A whole community has cropped up around the idea of becoming financially independent and retiring early. The FIRE movement is made up of believers who plan to spend way less than they earn so that they can quickly grow their investments to the point that investment income covers their minimal expenses.Read full story
Why I'm Looking Forward To The Next Market Drop.
Be fearful when others are greedy and be greedy when others are fearful — Warren Buffet. The stock market has been on an amazing winning streak ever since the pandemic-induced selloff back in early 2020. Many people think that the streak cannot go on for much longer and will soon have another massive selloff. I'm actually looking forward to the next market drop. That’s right, I actually love seeing large drops in the stock market. I see market corrections, or even small dips, as a great buying opportunity. Unlike most investors, I am not motivated by capital gains. Capital gains are merely the cherry on top and not my desired outcome. When people invest in the stock market, they typically pour their money into broad market funds. Maybe they use an employee savings plan like a 401(k), or they invest through an individual brokerage account. Maybe they invest in a hot stock tip they heard from a friend or read on r/wallstreetbets. However, at the end of the day, they are hoping for an appreciation in price.Read full story
The Changes to the Dividend Aristocrats in 2021
I’m a big fan of Dividend Aristocrats. They are the bulk of my dividend growth portfolio. Dividend aristocrats are a unique breed of dividend stocks. They have a long history of strong performance and low volatility.Read full story
Introducing My $9,000 Dividend Growth Portfolio
Do you know the only thing that gives me pleasure? It’s to see my dividends coming in. — John D. Rockeller. I want to go over my $9,000 dividend growth portfolio. I started this portfolio back in September of 2020 with $1,000 and have been slowly growing the account ever since. My portfolio consists of 86 stocks and yields about 3.574%. My portfolio is loosely based on $NOBL, an S&P 500 Dividend Aristocrats ETF, but has several other stocks that I found to be attractive and want to own.Read full story