There is a financial myth that smart kids are always successful no matter how they start out or what their upbringing may be. When I was growing up, I knew plenty of very high IQ kids that didn’t have the proper preparation during their childhood and turned out not being very successful in life.  Perhaps […]
The post Financial Myth about smart kids are always successful no matter how they start out

Ahh, last week on one sad day the over all change in my entire stock portfolio was down 2 percent! While 2 percent might not seem like a lot, it is once you consider that the average gain in an investment account is expected to be 9 percent for the year. After such a horrible […]
The post Don’t Sell Your Stocks Before It’s time

There definitely is an Art in Analyzing Stocks, it’s not cut and dry nor is it easy.  Today I’m going to lay out the way that I tackle stocks I want to invest or trade in.  In no way am I saying do as I do, but I am suggesting that it would be wise […] The post My Way of Analyzing Stocks

I’ve have my kids invested in Baidu for quite a while, and it has more than doubled in value since I bought it. I sold the the initial principal that I invested in the company for them and I’m (in theory) letting the house money ride. By house money, I mean that I recouped my […] The post Is Baidu a Good Investment For Kids?

Boo, additional constraints have been encountered with this 100k in five years challenge! Apparently, since my friend who I am working with on this challenge, is so young, he qualifies for something called Kiddie Taxes.  Basically, what this means is that after around $2,000 in unearned income (this is for year 2013), my friend will […] The post […] Read more:  100K in Five Years Challenge Update 2013-12-10

Hi all, and welcome to my site. I’m hosting this week’s Yakezie Carnival, but I didn’t sign up to do so, and I’m doing this as a favor.  So to be different, I’m restricting this week’s the first 65 submissions.  No rhyme or reason, just because Still I’m betting that the next 65 personal finance […] The post […] Read more:  Yakezie Carnival First 65 Edition

When You Are Wrong At work and my personal life, I often see example of when people refuse to admit that they are wrong. If they say something wrong they continue to defend their position even though the evidence clearly proves otherwise. The inability to fess up that you are wrong is a huge defect […] The post The Power Of Realizing When You are Wrong, and Recovering

Allowance for Kids My son started receiving an allowance when he was 6 years old. We decided to give him a weekly Allowance Pay Rate of $1 for every year of age that he has existed! So as a 10-year-old, he’s getting $10. My daughter got the added benefit of receiving an allowance when she […] The post Allowance Pay Rates For Kids

We have two 529 college saving plans for our kids. After a rocky start, we are now doing “okay” with them, so I thought I’d provide some 529 tips based on my experiences to help make your 529 plan the best that it can be. If you trust them, have a grandparent of your children […] The post 529 Plan Tips

What is a stock? A stock is a share of ownership in a company! Normally, when people say that they own stocks, what they are really referring to is “common stocks“.  Why would I want to own shares of common stock?  There are two primary advantages of owning common stock: Capital Appreciation – This means […] The post What is a Stock?