Most folks are really good about making sure they have the proper amount of insurance for their home and automobiles. But when it comes to ensuring the survival of their family in rough economic times, well … not so much.
I recently explained why I believe an economic collapse is inevitable and what it would look like.
If history is any guide, the good news is that economic collapse won’t result in
Continue reading Economic Collapse 101: Ten Ways to Prepare for the Unknown
Sometimes it’s not easy being an ant. Especially when you’re living among a bunch of grasshoppers.
There’s a well-known Aesop fable about an oblivious grasshopper who spent his summer days living the high life and mocking an industrious ant, who was busy building a shelter and storing food for the coming winter.
Of course, we all know how that worked out for the grasshopper. After winter arrived, the well-prepared ant found himself
Continue reading Economic Collapse 101: Comparing Costs of Emergency Food Supply Options
Risk and reward are inextricably intertwined. Of course, the richest rewards come to those who are willing to take the biggest risks. The oft-forgotten corollary to that strategy is that, by its very nature, high risk endeavors also have a greater chance of failure. That’s why most successful entrepreneurs and investors carefully evaluate risks and identify corresponding contingency plans before making a big decision.
The bottom line: Whether it’s a significant
Continue reading 100 Words On: How Smart People Make High Risk Ventures Pay Off
The face value of this silver quarter is 25 cents, but it's really worth a whole lot more.
Back in 1964, a gallon of gasoline cost about 25 cents in the United States. That’s right. Believe it or not, way back in 1964, you could buy a gallon of gas for a quarter.
It just so happens that 1964 was the last year that the US Treasury minted silver coins, including
Continue reading Silver and Gold: The Superheroes of Wealth Preservation
I’m not a big football fan. Oh sure, I occasionally enjoy watching football on television. But, unlike hockey and baseball, I rarely bother buying tickets to attend football games in person.
That being said, this past weekend my buddy had an extra ticket to a college football game between USC and Arizona State, so I eagerly tagged along.
Anyway, as I was sitting in the Los Angeles Memorial Coliseum blissfully watching the
Continue reading Why Close Is Often Good Enough When Managing Your Money
At some point in life, everyone has hit some rough financial times. Sometimes, these financial problems are brought on by the ignorance of youth, other times they are brought on by coincidence, and they can even be caused by catastrophes beyond your control. No matter how it happens, it’s clear that you can’t allow financial disasters decide how your life will play out.
Your life is your own, and it doesn’t
Continue reading For the Times You Didn’t Plan For
In Alexa Russell’s post today, she writes about how, for some non-Americans, investing in an English bachelors degree or higher, can lead to employment in SEO, technical writing and online content management. Alexa has authored several pieces on the jobs available to English degree graduates.
Although an English degree might not end up on Len’s list of the 10 worst things ever bought, it might not be far from the truth
Continue reading One Key Situation When an English Degree May Be a Sound Investment
As this penny illustrates, even the United States Mint occasionally makes money mistakes.
I’m not ashamed to admit I’ve made more than a few mistakes in my lifetime. After all, everybody screws up occasionally; for us humans, mistakes come with the territory.
For example, I remember the time I decided it would be great fun to play Wii golf for eight consecutive hours. So I did.
Unfortunately for me, my middle-aged left
Continue reading The 50 Biggest Money Mistakes Household CEOs Make
This is a guest post from Robert Farrington at The College Investor, a blog dedicated to helping young adults and college students with personal finance, investing, and student loan debt.
The sad truth is that most stock brokers are sales people. While they have a more glamorous name, their profession is sales: selling you (the investor) on a product so that they can get paid. And just like used-car salesmen, stock
Continue reading Uh Huh: The 3 Biggest Lies Stock Brokers Tell Their Clients
Buy low and sell high; it’s the ultimate investing tip, although never easy to execute. That’s why it’s so important to control the risk that comes with investing. One way is by having an exit strategy in place whenever you take a position on a stock, bond or any other investment. That is, establish pragmatic predefined selling points — for both a profit and a loss — that take emotion
Continue reading 100 Words On: The (Second) Best Stock Market Investing Tip Ever