BoiledNotFried

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

Whenever an economic recession hits, not only personal income drops but the dreaded wealth gap of 2021 looms larger than in any other time in modern history. As the US Stock Market is dangerously overvalued by 200% these days and just hit it’s record highs last year, the 200s Dotcom Bubble and 2008 Housing Crisis

When it comes to money, it’s not only an extremely taboo topic and personalized to the brim, there are a variety of factors that play into one’s net worth that most of us don’t count on. If you asked me what my current net worth is, it wouldn’t just be a simple estimate of profit — expenses

What if I lent you money without asking you what you plan on using it for, not conduct a background check to confirm you are financially able to pay me back, or forget to charge you interest before you default? This is the same chance investors and investment banks take with startups, a.k.a possible future

Despite the pandemic’s toll on the economy, the S&P 500 index is up nearly 15% for the year and the market is nearing levels last seen in 2000, the year the dot-com bubble began to burst. If there is anything to learn throughout history, it’s that history repeats itself, even though we’ve never seen a

It’s never too late for a financial boost, especially after this hectic but hopefully distanced holiday season of frantic spending! Despite the rise in unemployment, salary cuts, and evictions, e-commerce sales have risen to $4.2 trillion and spending is on the rise, especially after Christmas to capture those deals. The real financial gifts I’ve ever

When we think of someone being cheap, it is usually that nasty friend who doesn’t budge to lend those $ 2 extra dollars when you need spare change at lunch or the cab driver that refuses to take less when you state you don’t have as much as intended for the ride. We’ve all encountered

First off, before we start educating ourselves, even more, we want to thank each and every one of you who have stuck with us since we began at the start of quarantine! The Boiled Not Fried crew has not only expanded to a 7 person team but also grown tremendously to reach over 34k of

Since investing became a popular passive income source to help individuals maximize their returns after realizing that having a full-time job will never make you rich, there has always been this stereotype that you have to either major in finance and be a quant nerd or be a trust fund baby with the help of

Apparently, the average number of children per family in 2019 was 1.93. Not sure what .93 is but let’s just round it to 2 to count them as a full person with a body. For Americans, I was pleasantly surprised, expecting to see the number as double, not because having more children means you are less

As we all know, the financial field is still predominantly made up of white, Hampton beach weekend goer golf fanatic Wolf of Wall Street type men. When you think of finance, it is usually through these unrealistic scenes in films blowing up money on yachts and partying with strippers. I’m sure some bankers or hedge

There is still no single platform that exists that will handle everything you need it to. Even your iPhone has individual apps, folders, software that deals with different tasks. I would like to take on this initiative to solve a systemic upper-class problem but immediately my first inclination is: I’m not a software engineer or

Most people would choose a high paying temporary job that kills you over one that pays lower dividends over time but allows you to live your life and get a higher promotion down the road. As much as you believe and read this all the time, rich is really not a mindset and rather what

Passive income is a phrase that is tossed around these days because it’s deemed as an easy and endless way to earn money while asleep or partying. There is nothing that works properly that is easy and fun at first. Generating passive income takes more time commitment, money, dedication, and hope upfront that most aren’t

If there is one example that you should never follow when it comes to managing your money to help you achieve your goals and live out your dream of becoming financially free, it should be the US government. At the end of fiscal year 2019, the total federal debt was $22.8 trillion dollars. Taking the

No matter where you’ve moved to, behind it there has always been a convincing decision to do so. It could be from lower housing costs to a better job or closer to your parents. Whatever it may be, it is different for everyone and no one can make that decision for you except for your