You know all about the dollar. You’ve probably seen a peso. You’ve heard of the Euro. These are some of the most famous currencies in the world, and just about everyone has heard of them or used them at some point in their lives. But have you heard of Bitcoins?
We live in a wonderful society where we can all achieve financial independence if we work hard and do what’s necessary to get there. To be where you are in life, you must have put in a lot of effort, making sacrifices and smart decisions about your finances to achieve the success you have.
Every January, it’s customary to take a look back at the year that was. What were the highlights? What were the lowlights? What got us to where we are today? What were the events we’ll always remember?
Generosity is such an important trait to have in this world. There are so many people less fortunate than us. So, when I stumbled across the following story, the need to share it was overwhelming.
Sometimes people ask me what to watch out for when it comes to investing their money. I think they usually expect me to tell them about a specific stock to avoid, or something like that.
In June, Moody’s Investors Service released an interesting report analyzing the pension funds liabilities of states. If you are a Teacher, Police officer, Fireman or other state employee it would be wise for you to read what the report says about your states’ pension liability.
As my oldest was about to take her first economics class two years ago, I jokingly told her all “…she would need to know to get a good grade in the class.” She played along and said “What’s that Dad?” I’m sure she was waiting for a parental lecture.
Our friends at Mass Mutual have produced an outstanding video on student loans for viewing.
1. Know the most tax efficient way to manage your investments is to hold the winners and let them run, and to sell the losers quickly. With this philosophy, you learn to fail fast and hold the strong stocks that carry the potential to be home runs.
For years, I have been a fan of auto racing. Usually by mid-summer auto racing drivers enter what is known as the silly season, a time of year when the speculation begins about who will be driving for what car during the next year.