📈Money Moves

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

There’s nothing more deceiving than one’s looks. No matter how much I emphasize, “Don’t judge a book by its cover” the lower and middle class abandon this rule the most. A family in the United States needs an annual income of at least $421,926 to be in the top 1% of earners, according to the

If business was only about numbers and stats, we wouldn’t be anxiously selling on bad news and buying on promises. The stock market is all driven by emotion, plain and simple. The amount of publicly traded companies has substantially declined over the past few years due to an illegal monopolistic system. This makes shareholders, stakeholders,

While managing your portfolio, there are countless factors to take into account. Everything from risk tolerance, age, short and long-term goals, and most importantly how much time you are willing to spend monitoring the market and indexes or rather pay upwards of a 4% fee for a broker to make the same bets you could

During any financial collapse, race, bet, there are always winners and losers. What tends to happen during all of these situations is that lower to middle-income families suffer and loose the most almost every time compared to wealthier Americans. History has not learned its lessons and it continues to repeat itself, just now in virus

I can’t believe it but it is almost the end of the fall semester at NYU. Typically when time flies by that means everything was joyous and splendid but with Zoom fatigue and massive burnout each night I lay my head on the pillow, I wouldn’t say it’s been honkey dorey this whole time. Yet,

These days, financial burdens and mental health are usually the key suspects when examing the skyrocketing rise in suicide rates during the pandemic. Although these do account for a hefty percentage of the cause of these deaths, there are unexpected platforms that don’t seem to do damage because everyone hides their true selves here. I’m

If you want your money to work for you not to you, you have to invest in non-depreciating or inflationary places. With a cherry on top, you could also pay little to no taxes. So what’s the catch? Hiding your money in Nicaragua to avoid taxes? No don’t worry, that’s only for the ultra-rich. We

As a teenager, I’ve been privileged to grow up in a predominantly wealthy neighborhood a few miles north of New York City for most of my life. Traditionally, it is most common to have families live here for generations, inherit estates and businesses, and grow up in 17th-century cottages. I may or may not have

We all know that the best investment is in ourselves. Taking the initiative to learn, make mistakes, be okay with embarrassing ourselves, and have endless curiosity will lead to the farthest results. As a college sophomore, I have doubts about how long this can actually last. Once I graduate, I’m dropped into the workforce and

Credit card companies want to make it easy for you to use your card. They could care less on how much you spend. They just want you to go on endless shopping sprees so you eventually miss a payment and patiently waiting to drop a fee. That’s how businesses work. They make money through a

I wouldn’t consider myself a tomboy but I’ve always had a specialty for identifying what brand a car is just from the logo or style of the lights. That is my special talent besides picking out a demented Elmo pasta from my mac n cheese. Is it just me or do you see different types

The hardest part about accumulating wealth is accepting and convincing ourselves that the rich do not act like the stereotypical rich. Hollywood glamorizes the rich lifestyle full of Lambos, champagne, and fame but that is the poorest and wrong way the rich live. In order to be wealthy, you need to establish a professional rapport

As we age, the type of insurance we need to obtain varies greatly depending on our health, housing, financial, and life situation. This means insurance plans not only get more complicated and expensive, they become harder decisions that we don’t want to face until something bad really happens. Since insurance falls under the taboo subject

Especially this year, we cannot wait until the New Year but when we establish unrealistic resolutions from losing 20 lbs to wanting to love living frugally, those are the last things we want to think about especially when Valentine’s Day, the chocolate food coma comes into play or Coachella busts our wallet. We are upset

What will forever be certain is that we always need a place to live. Most of us choose the places we live not for the weather, food, culture, or people that are there but because we need to work nearby. The closer we are to work, the easier our lives are and as a result,

There are a lot of problems, questions, and false assumptions we have about managing our money. We don’t know where to start and if we are doing anything right because the internet has only made our lives more complicated. Tech hasn’t necessarily simplified it and given us straightforward answers. Although I’m a teen, at 13

We don’t talk about things that are uncomfortable and not common becuase why waste your time arguing, making your life worse? But it is actually costing you more than you think and simply doesn’t make cents, without the s. Still today, money is one of those topics that is known as the classic taboo for

There is a stark difference between being a cheapskate and strategically cheap. One will allow you to keep your friends and self-esteem the other will quickly vanish them. As a teen, it is hard not to be like everyone else. This is at a point in time when we are just trying to find ourselves

The USA, the land of opportunity and freedom for all. We’re getting there… Achieving financial freedom can be a liberating feeling, the same emotions my grandparents had when they crossed the Atlantic Ocean as immigrants. But it is even a better feeling becuase you know you are now in control and you don’t owe anything

With the amount of information and resources online, whether hiring an advisor is worth it to the trendiness of Robinhood, it can get confusing where in the world to place your money and let it grow. Let’s face it, if there was less out there to research, scroll, wonder, and contemplate upon, we would have

When you think of finance, usually the first things that come to mind are the most lucrative jobs that are unrealistically displayed in the movies. These include traders, investment bankers, or hedge fund managers that are associated with burnout, long grueling hours, no life, and only living a temporary lifestyle they want to abandon once

Every job requires different skill sets, expertise, experience, knowledge all that jargon that we try to attain in order to be prepared to apply for a position. What if I told you that the boldest move you could take was applying for a position that listed experience that you don’t have? To be honest, I

It is reasonable to say that no men will read this article becuase well, the word, ‘women’ is used in the title and as a female writer, they are unlikely to check it out. Just like any financial blog, channel, or resource this is common. If it is made, directed, designed, you get it, by

Since I started writing back in June, I’ve been a prevalent advocate for promoting financial and digital literacy amongst females to help break this gender gap that is frankly not getting slimmer. As a female student, I’m sad to say, nothing has convinced more women besides colorful and weak Insta posts and fantasy stories of

Frankly, I don’t remember the feeling when I got my first paycheck because I could care less at the time. I was 13 or 14 years old and I was teaching tennis to young(er) kids. I’d been teaching tennis for 3, 4 years since then purely for enjoyment. I loved to see kids get better

We all wish it could happen to us and if it did, we wouldn’t be comparing ourselves or struggle during a pandemic. Passive income is fun. It is making money while sleeping and exercising. It truly is the best income source and how the rich get richer. A staggering 85% of Americans are not able

As a frugal, minimalist, it’s easy to explain why I enjoy this lifestyle but will be hard to convince. I began adopting this mentality from my parents, who immigrated from Poland with nothing. They lived below their means, educated themselves, took nothing for granted, went to college in the states, and now work at the

This sounds impossible, right? You think a TikTok addict or yoga guru-type teen can generating more money than their parents and lead a more independent financial life at age 20? This is not saying that you should quite your education and start making money because you won’t get far flipping burgers but with your long

Sadly I learned about financial literacy only a few years ago due to my ignorance along with being a student in the American educational system. Where I really became focused with my family’s finances and starting to strategically learn how to plan was when my father passed away. My mother and I relied on him

Pandemics and economic downturns are known to bring negative results, hardships, and struggles in all aspects of life. We all dread them but know they are bound to happen eventually. They tend to discriminate as well. We aren’t even halfway through COVID and researchers a.k.a CNN is predicting that more than a year from now

There is no doubt we all think, breathe it, smell it, and of course, love it, more than we should. But the reason why is through our misconceptions that we continue to disregard as false claims and instead believe are true since social media and our economy portray it as rewards, rather than an opportunity