BoiledNotFried

The number one goal for parents is to have their kids become more successful than they are and make an impact on the world so they can brag about it for the rest of their lives. That’s what they are for. If you ask parents with more than 1 child why they wanted more kids,

Long term investing has always been regarded as the easiest fundamental approach towards growing real wealth. From institutional investors to investing legends such as Warren Buffet and Peter Lynch who’ve all followed this strategy for decades, it’s a classic approach that requires patience more than anything. Being told not to touch your holdings and obsess

Ever wonder who currently owns your precious childhood home? Did you ever get the chance to meet the new homeowners when you sold it or were you blindsided by all the foreign paperwork that flew by in a flash? If you cannot remember, most likely Ms. Smith or the Winklevosses didn’t move in. Instead, a

So I had a bit of time on my hands and did some snooping the other day. This is by far the grossest, dirtiest and humiliating experiment I’ve ever done yet afterwards besides the smell, I felt proud. As most things, I convince myself to do weird activities to get out of my comfort zone

The only people who pay attention to intraday volatility, momentum, sharpe ratios, beta coefficient, breaking news and equate their emotions to investing are day traders. Every other logical, long term realistic investor is in it for the long term saving money, headaches, time and not paying attention to specific trades. Now don’t get me wrong,

It seems in this savvy self-help society, we are always trying to optimize our lives and improve upon something but that can quickly get overwhelming since we feel we are never enough. Yet, there are a few techniques that you can implement just once and allow them to drastically change your life, physically, mentally, emotionally

Being able to live the life of your dreams without needing to worry about money is something only a few of us will ever be able to experience and it starts with education. Majority of the world works to live instead of lives to work. They believe any degree will bring them their perfect opportunity

When you become rich, meaning you truly earned your wealth through hard work over time not inherited it or won the lottery, you learn a lot along the way about how it messes with our minds, the mistakes most people make and how it distorts our personality. First off, it’s difficult. There’s no secret that

The shocking truth about becoming wealthy in the stock market is that it takes little to no effort. There’s no stock picking or day trading involved. It’s letting your money sit in a fund that tracks a diverse variety of stocks from different industries to lower your exposure to risk, save money on management fees,

Money is a drug. We all want more of it but have no idea why. We know we should use it on education, experiences and donations but instead, we just want to show off and look good in front of everyone in order to showcase how far we’ve come and worked. That’s the problem. We care

Although owning a house is all the rage these days with WFH and families needing separation from each-other with a room for each activity, it can get expensive quick and not always realistic for many Americans especially those fresh out of school dealing with student loans and not having a clue on how to manage

Whoever or wherever you are, all of us have the same expectation of wanting to be compensated for our work. There’s nothing wrong with wanting to get paid and truthfully it’s most people’s main motive to work. Our time is our most precious asset and although every job is replaceable, we strive to be our

There’s no doubt everyone wishes they could be worth more but majority have no idea why. What is stopping you is yourself. Having the right money rich money mindset will get you there. But unfortunately not everyone’s chances are equal especially in this divided era we live in where the rich get richer and the

Relying on business school or any institution is a bad move. They will not teach you the most important thing about money. Personal Finance. Sure, when you graduate from any business school you will know the difference between enterprise and equity value, how to tabulate macros in Excel, know all the logistics of the IPO

With Biden’s plan to pump $1.9 trillion into the economy for the road to recovery, there are a plethora of reasons America is in desperate need for this help, a second time around. From education to small business relief, help is finally on the way after the previous administration wasn’t able to focus its attention

Education is one of the easiest ways to plunge into debt, the hardest to pay off and compounds to a hefty amount after graduation. These days, more than ever, most graduates in this internet savvy, entrepreneurial age are questioning if there is even an ROI on their education anymore. The main reasons we accumulate debt

With the S&P 500, NASDAQ, real estate, commodities and other assets at record highs, it would be silly not to spend a little more for yourself these days. As many Americans are still cooked up in their homes saving more than they could’ve ever imagined, learning about financial independence, opening up their first brokerage account

The amount of money that you need to make it to the 1% in the US compared to other countries is very different. Not because the US is the richest country, has a large diverse population, innovative job market and a swamp full of entrepreneurs, rather the currency, location and where the future is headed

When interest rates are low, this entails economic uncertainty and a recession are still prevailing. It also means it’s a great time to take advantage of cheap loans to build up your passive income sources, disposable income, pay off debt, net worth and income overall. The Fed who deals with fiscal policy (interest rates, stimulus,

Since 2019, Congress has been in disagreement about the federal minimum wage increase to $15 an hour. First thought, this might seem ridiculous and you are probably wondering, what could possibly be wrong with increasing the poorest peoples’ salaries in the richest country? But at the same time, with everything in government, it is much

Taxes are the rich’s worst enemy. It’s not the fact that taxes take too much time to deal with or calculate in order to avoid fraud, taxes go straight into the hands of the government and rest of the country where who knows what happens next with your hard earned money! It feels like giving

As a personal finance blogger, trying to impress people is not my personality. You can be rich and a spoiled brat or wealthy and a genuine down to earth person that you never once thought was rich. See how I exchanged the words rich and wealthy? There’s a difference. If you want to know what

The most popular asset classes are real estate and equities yet the investment that has produced the highest returns since 1990 has been private equity. When it comes to investing, we all have our own preferences and tastes. Yet there are several common factors that you must take into consideration before placing your money into

For those who didn’t graduate from middle school yesterday, the Roaring Twenties, 1920’s was a decade of economic growth, prosperity and exuberant hope in the United States after a swift recovery from wartime devastation and lack of economic activity during World War I, the “Great War’. This caused a boom in spending to inflation, rapid

I shouldn’t generalize but I’m pretty certain about this statement: It’s easier to spend than make money. Prove me wrong but with the average household debt in 2020 roughly at $145k and the median debt load for an individual at $67k, there’s no denying people don’t have their priorities straight. Where is this debt coming from?

Pre the 20th century, investing was only reserved for the Wall Street preppy dudes who worked in finance. Those who had 6 wives, never saw their family and were the sole bread winners. Finally as we’ve innovated as a society, bridged a gap between Main and Wall Street, broke the gender gap in the most

Leaving a reliable job that pays steady income in hopes of earning more and saving time is no easy decision to make. 70%+ Americans only choose the path of one income source because it’s reliable yet majority fall victim to assuming it will work out forever with a good boss, commute and hard work ethic.

Truth or Myth: To grow money you must have money to start with. No doubt it’s easier but is it necessary? Myth: Not at all! Not everyone has 6 grand to build a company or start investing in penny stocks. Let’s do another one. Truth or Myth: Your business will grow to as much as

Financial hardship is the biggest stressor in American’s lives. 90% of the time we worry about the things that are beyond our control. Yet, 70% of our worries result in the opposite of what we are feeling. So why do we stress out anyway if it’s not in our control? Well because the world is

In order to accumulate wealth, you must develop a set of habits that won’t just come to your advantage for the next few years, they must help you grow your wealth, assets, financial position and hopefully character for decades to come. Being rich is all a mindset. A farmer who makes $80k per year but

When you think of startups, what first comes to mind? The ping pong table, 10 am start times or enticing salaries? You’re getter warmer. All of these are common traits you’ll find in a typical small organization that is on the brink of launching most likely in Menlo Park or Silicon Valley California where talent

2020 was a crazy year for a lot of reasons. We don’t need to go over the depressing things so why don’t we unpack what’s been booming instead? Everything from the stock market to e-commerce has profited off of this pandemic and soured to its record highs. Yet, nothing has been in more demand, hotter,

Can we pretend January’s Reddit drama never happened? With Robinhood happy to steal from the poor (retail Reddit investors on WallStreetBets) and give to the rich (hedge funds such as Citadel to keep them in business) and the wild swings we’ve encountered over the last couple of weeks in shares of the video-game retailer affecting

During a crisis, in most cases, the rich get richer and the poor get poorer. Unless you tied all of your net worth into real estate not leaving a cash cushion or earned any gross income through bonds, dividends stocks or a stable 9–5 job during the 08 housing crisis, then you would’ve been crushed.

This weekend is the big game. To be brutally honest I didn’t know the Super Bowl was in February. I only knew the Grammy’s were in March. Don’t hate on me. I’m a female and life long New Yorker for goodness sakes. We only have patches of grass the size of your car. As much

After last week’s wild ride with Reddit traders manipulating the market and taking it through a storm none of us want to endure, especially the folks on the East Coast, the markets have finally calmed down, pretty much because GameStop has lost more than 60% of it’s value retrieving back to it’s realistic share price

I’ve written many times that day trading is a waste of time. Why? Because regardless of how much experience you have, it is impossible to time the market. After all, what is certain is uncertainty. But as novice day traders would say, “You can’t live in fear all your life. You must test the waters

In every crisis, there are always winners and losers. Although we shouldn’t treat any recession like a game, once again, during this pandemic, the rich have flourished and the poor have scrambled to survive. But there have been more people who have fallen below the poverty line than caught up since the Great Depression. There

There are specific things the poor do differently that beat themselves up financially and make it harder for them to become wise wealthy investors as all should strive to become. They play the lottery, gamble, use social media too much, believe everything they read, gamble and let Reddit make decisions for them instead of fundamentals

Passive income, side hustling, whatever you want to call it is all the rage these days stuck at home. Why? Because we all need money to survive and feel secure! There’s nothing wrong with wanting to earn more unless you don’t know how to spend it wisely and in that case, you are better off

As a college student dealing with mundane lectures to seeking internships, there’s a lot jam packed onto students’ plates and this stage is arguably one of the busiest times of one’s life. Not by choice. Once you become older and graduate from school, you now have the option to determine how hard you want your

It’s much easier to spend money than to make it so when it comes to mistakes, most people can’t even identify if they did something wrong or right. It is all dependent on your habits. The secret sauce to getting better at anything and performing at a level where you impress yourself is to stay

Everyone wants to become rich but most assume that being rich will bring happiness and a plethora of luxuries that have nothing to do with boosting life satisfaction. Back in middle school, I finally urged myself to stop focusing on being rich. Once I did that, I became wealthy. I got my time back, more

Since the start of the recession back in March 2020, lots of financial jargon has been floating around and you could say, that’s a good sign. Obviously, the current state of our economy (excluding the exceptional bullish run for the stock market), politics, and all things COVID from deaths to the slow vaccine rollout aren’t

Currently investors and economists would say BitCoin or Tesla are the most profitable stocks that have outperformed like no other in history. Yet, they are just hot unicorn companies that are still speculative and haven’t been profitable prior to 2020 so they can be immediately ruled out from the past 2 centuries, let alone, last

Investing should be for everyone but with only 60% of Americans financially literate and 50% holding individual stock, the education that really needs to go around isn’t reaching nearly as many households as it should be due to the stereotypes we hold against finance, one of which includes how hard and confusing it seems to

I know what you are thinking. I’m either: A: Trust fund baby (inherited thousands at birth and worked a few ice cream summer jobs to hit 7 figures by 20) B: Won the lottery and already retired I’m proud to say that I’ve never gotten into either. My family are immigrants who not only didn’t

Money is at the center of our lives because we believe it makes futures’ brighter and easier for no reason. I’m sure you know people who are obsessed with currency, everything from trying to time the market to sell at the peak of BitCoin or still pegging gold, or maybe you are guilty of it