Stocks: Answers To Common Questions

What is a stock? A stock is a financial instrument, or monetary contract, denoting partial ownership of a corporation. A unit of stock is called a share. A company issues shares when it divides ownership among investors or employees. Both public and private companies may issue shares, but they are traded and valued differently. The … Continue reading Stocks: Answers To Common Questions

6 Money Lessons From Hataraku Maou-sama! (The Devil is a Part-Timer!)

Watching anime is one pastime I enjoy. I even have a website where I've posted nearly 4,000 funny screenshots from anime TV shows and movies that I have watched over the years. But just because you do something for fun, doesn't mean you can't learn something from it. While I was re-watching Hataraku Maou-sama! (known … Continue reading 6 Money Lessons From Hataraku Maou-sama! (The Devil is a Part-Timer!)

How Does War Affect The U.S. Stock Market?

With the outbreak of war in Ukraine, my heart goes out to all the Ukrainians and their relatives and friends around the world. War is a terrible thing, and the needless suffering of innocent people is heartbreaking. That said, during tumultuous times, people often wonder how their personal finances may be affected. This may seem … Continue reading How Does War Affect The U.S. Stock Market?

Cheaper Groceries? Depends What and Where You’re Buying: Grocery Store Price Changes from June to November 2021 in State College, PA

Inflation has been a big topic of late, as everyone has watched prices rise in recent months. Indeed, the Consumer Price Index (CPI), a measure of inflation tracked by the U.S. Bureau of Labor Statistics (BLS), has risen 6.2% over the past year (ending in October 2021), the largest 12-month increase since 1990. However, this … Continue reading Cheaper Groceries? Depends What and Where You’re Buying: Grocery Store Price Changes from June to November 2021 in State College, PA

Don’t Take Out Personal Loans To Invest

A recent survey by MagnifyMoney found that a significant portion of investors, particularly younger investors, have taken on debt to invest. Out of about 1000 investors surveyed, 40% took on debt to invest. Here's how that broke down by age group: Generation Percent who took on debt to invest Z80%Millennials60%X28% Baby boomers 9% Of those … Continue reading Don’t Take Out Personal Loans To Invest

Is Investing Riskier Than Saving?

We've all heard that investing in the stock market is risky and have encountered stories about people losing it all when investing poorly. People say that in order to keep your money safe, you should store it in the bank. That way you know it'll be there when you need it. But is this really … Continue reading Is Investing Riskier Than Saving?

Everything You Need To Know About Emergency Funds

Life is full of uncertainties. You may be having a perfectly fine day, and then all of a sudden, disaster strikes. Whether it's losing your job or ending up in the hospital, or even a more minor unexpected problem like your car breaking down, these setbacks can be devastating to those who are not prepared. … Continue reading Everything You Need To Know About Emergency Funds

Save Money By Switching To Healthier, More Satisfying Meals

Food-related expenses are the third largest category of expenditures for American families, according to the 2019 Consumer Expenditure Survey by the U.S. Bureau of Labor Statistics. We previously published an article about how to save on your grocery bill, but another way to save money is by switching up your meal choices with cheaper (but … Continue reading Save Money By Switching To Healthier, More Satisfying Meals

Why I Like Covered Calls

Investing can be simple, or it can be quite complex. For most people, simplicity is the best choice. Just invest in a total market or S&P 500 index fund, and you'll be good to go (check out The Simple Way To Become A Millionaire). This allows you to take advantage of compounding in the stock … Continue reading Why I Like Covered Calls

Which Is More Important For Reaching Financial Independence: Increasing Income or Increasing Savings Rate?

Many people think that the primary way to become financially independent is by increasing your income so that you can quickly build up a nest egg. Others think that your savings rate is the most important. The truth is there are pros and cons to both approaches, and the fastest way to FI is by … Continue reading Which Is More Important For Reaching Financial Independence: Increasing Income or Increasing Savings Rate?