7 Things That Are Bad For Your Wealth But Good For The Economy

7 Things That Are Bad For Your Wealth But Good For The Economy. Economics is a little wonky. Sure, at first it's complex - convoluted, even - and generally difficult. That's because it really is. But when you get into it further, it seems kinda crazy. Why? Because what's good for the national economy is actually bad for your personal wealth. Here's are 7 things to show what I mean.
Economics is a little wonky. Sure, at first it's complex - convoluted, even - and generally difficult. That's because it really is. But when you get into it further, it seems kinda crazy.

Why? Because what you think are good things (on a personal level) are "bad" at the national (macro) level.

And when you think about it, what's good for the national economy is actually bad for your personal wealth. Here are 7 things to show what I mean.


(This is a bit longer than my usual posts. But if you stick with it, it does have a point.)

6 Stock Investing Strategies - Which One Fits You?

While I think practically everyone should invest in stocks, a lot of new stock investors (including me) don't realize right away that there are different ways of doing so. And I'm not talking about relying on either fundamental or technical analysis.

There are different strategies you can use. That's why sometimes copying someone else's portfolio doesn't always work out so well, whether or not the advice/recommendation/example/observation was pretty good to begin with.

To help with that, here are 6 different stock investing strategies. It's not a bad idea to know what options are out there.

Need To Make A Decision? Put On Your Six Thinking Hats!

Need To Make A Decision? Put On Your Six Thinking Hats!   Have you ever had to think through a complex issue either by yourself or with a group? In these situations, we tend to jump back and forth from potential solutions and possible pitfalls without any structure or strategy. That's normally how we think and there's nothing inherently wrong with that. But if you want to try and make it more productive next time you can try using the 6 Thinking Hats.
Have you ever had to think through a complex issue either by yourself or with a group?

You've probably experienced that sometimes in that situation, what happens is that a few people drive the meeting, or there's a lot of silence, or - even with group collaboration or when thinking individually - there's a few (or a lot) of scenarios you weren't able to consider.

While some of that may be attributable to lack of knowledge or experience on the subject, it's also quite possible that some of that is due to unstructured thinking.

We tend to jump back and forth from potential solutions and possible pitfalls without any structure or strategy. That's normally how we think and there's nothing inherently wrong with that. But if you want to try and make the next meeting or discussion more productive you can try using the 6 Thinking Hats.

9 Money-wise Tips For First Time Car Buyers

9 Money-wise Tips For First Time Car Buyers.  If it's your first time to buy a new car, there's a lot of things to consider. But if you want to save money or spend as little as possible, here are 9 money-wise tips for you.
Vince was asking for some help because it was his first time buying a car. I'm not an expert, but I figured I'd share what I've learned so far.

This isn't a car blog though, so I can't give tips on engine specs, performance, parts etc. The best I can give are cost and maintenance tips. And I'm not experienced enough to give advice on buying second-hand cars either, so this post is mostly about buying a new, first-hand car.

The Savers' Playbook - 6 Simple Ways To Save More After Paying Yourself

The Savers' Playbook - 5 Simple Ways To Save More After Paying Yourself
Paying yourself is always the best way to save. But there are always ways to save more or prevent you from spending too much. So in this post, I've compiled a few ways that can help you save more.

Scam or Not: Paid Online Surveys

Scam or Not: Paid Online Surveys. What you need to know about paid online surveys, how it works, pros, cons, and is it worth your money?
No suspense here. Like all things on the internet, some are scams and some are not. It depends on the particular site.

But yes, you can get paid for taking online surveys. Even for testing new products or joining focus group discussions. But it's also not as easy as it sounds.

There's only one site I'm aware of (and joined): paid-surveys-at-home.com. It's not a scam, and this post is an unbiased review of the site.

Learn Everything You Need to Know About Finance and Investing in 44 Minutes

It's been a while since I posted a video. So I figured I'd scrounge around and look for something interesting to share. Well, I definitely found it.

If you don't know anything about finance or investing, that will dramatically change in the 44 minutes it takes to watch this video. Actually even if you already know a little, this could still be helpful. I learned a good deal from this video myself, so hopefully it's helpful to you too.

Estate Planning For Newbies, Part2: 6 Different Ways to Prepare For It

Estate Planning For Newbies, Part2. 6 Different Ways to Prepare For It: Get Life Insurance, Donate or Gift your estate/assets to your heir while you are alive, Sell your assets to your heirs while alive, Donate it to the government, Set-up a Living Trust, Create A Corporation
In the previous post, we went over what the estate tax is and why it's important to plan for it. This time we're going to go over some of our options in preparing for it.

What exactly are our options?