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I recently got a question in an email and thought I’d make it a post, since it’s a pretty general question and suits this blog topic well. Here’s the question: I have a couple thousand dollars saved up, but it’s just sitting in a bank account right now not earning very much. I see a lot of [...] I just read an interesting interview with Thomas J. Stanley, Ph.D from bankrate.com, and I thought I share some of the highlights with you. The interview is based around Dr. Stanley’s new book Stop Acting Rich: …And Start Living Like A Real Millionaire, and he discusses some more commonalities between the rich and how it [...] I stumbled onto this ultra-simple net worth comparison tool a few days ago. It’s ultra-simple because it only compares two factors: your age and your income. The good news is my net worth is 42x greater than the median for my age. The bad news is my net worth is 22% less than the median for my income. There’s [...] People complicate investing with various concepts, philosophies and principals. There’s diversification, dollar cost averaging, P/E ratios, yield, growth vs. value, sector rotation, and on and on. But when you strip away all of these layers of complexity, you are left with one cardinal principal of successful investing: Buy low, sell high. It’s really that simple when you [...] |
 
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