Want to learn about investing, debt, and the basics? Check out all of our posts on becoming a rich bitch here.
Investing can be hard to understand, but pretty much everyone knows what it’s like to own a pet. Maybe you’re a dog lover, a cat lady, or the oddball that’s really into snakes. No matter what furry or scaly friends you’re into, you know that different pets have different needs. Some take up a lot of your time and need daily attention, while others can be left alone with enough food and water for weeks at a time. Investing strategies are the same way. To help you understand the different investment strategies out there and find the one that fits your lifestyle best, I’m going to break down each strategy in terms of which pet it’s similar to owning.
About half of Americans are invested in the stock market, and almost all of them are investing through a retirement account like a 401k. While individual stocks like GameStop and Tesla get most of the news coverage, these aren’t the stocks making most people wealthy. Much more wealth is being built through mutual funds, index funds, and ETFs in retirement accounts.
Unfortunately, many of the people investing in these funds don’t know what they’re doing. When I first started contributing to a 401k, I had no clue what investments to pick or how to understand the information they presented to me. And I had a finance degree! To help you navigate your 401k and make as much money as possible, here’s everything you need to know about how to pick good 401k investments.
Remember in the Wizard of Oz when Dorothy finds out that the Great and Powerful Oz is just a regular guy hiding behind an elaborate display? That’s what it’s like to peer behind the curtain of many “rich” people’s extravagant lives. One peek at their net worth would reveal that a fair number of them are frauds. In today’s world, where so much of our lives are broadcast on social media, we’ve been plagued with an epidemic of people who are fake rich. Two celebs are keeping it 100 with their money and are definitely real rich, though. Beyonce and Jay Z. Their estimated combined net worth is $1.4 BILLION! To help you get real rich like the Carters, I’m breaking down how to calculate your net worth and how to grow it using lessons from Jay Z and Beyonce.
J.Lo’s love might not cost a thing, but that isn’t the case for many people. Finances are the number two cause of divorce, which means that for many couples, love do cost a thing. To lessen the stress of a divorce, couples should get comfortable talking about money before the nuptials and consider signing a prenup. Contrary to popular belief, prenups aren’t just for rich people but can benefit almost any couple. To help spread the word about how helpful and cost-effective prenups can be, I spoke with Crystal Villasenor, a New York divorce lawyer, to bring you all of the deets.
The craziness surrounding the stock market is usually what turns beginners away from investing but last week, Reddit investors changed that. While I love how invigorated the GameStop battle has gotten people about investing, I’m also worried that newbie investors will fall victim to predatory financial tactics. If you’re new to investing, I’m going to tell you how to cut through the BS and invest the smart way.
Unless you’ve been living under a rock, you’ve probably heard talk about how Reddit trolls are getting rich investing in GameStop and causing Wall Street fat cats to lose billions. While all of the GameStop drama is riveting, it can also be quite confusing for anyone who isn’t a finance nerd. To help you figure out what’s going on with GameStop so you can enjoy the drama as much as the rest of us, I’m going to simplify the financial concepts that caused Wall Street investors to lose billions, tell you why this battle is such a big deal, and answer the biggest question of all. Should you invest in GameStop?
Something went wrong. Please refresh the page and/or try again.
* Disclosure: As an Amazon Associate I earn from qualifying purchases.