When I was a kid, I thought that in order to become wealthy, you had to save a lot of money. If you kept saving and saving, soon you would have a lot of money, right? It seems to be the safest and most reliable method to generate wealth, does it not? Unfortunately, this isn’tContinue reading “Why Saving Money Won’t Make You Rich”
Category Archives: Investment
Why I Don’t Reinvest My Dividends
We all love receiving dividends and the common advice in regards to dividends is to reinvest them. Why? Reinvesting these dividends allows an investor to super-charge future returns, using the power of compound interest. It’s a pretty great strategy. It is cheap, easy, flexible and increase stock market returns substantially. That being said, I actuallyContinue reading “Why I Don’t Reinvest My Dividends”
How To Buy Property Without Actually Buying Property
Recently, I was chatting to a girlfriend who mentioned that she wanted to invest in property but didn’t have the cash to do so. She wanted the returns of the Australian property market without committing herself to purchasing an entire house. However, you really don’t have to – it is still possible to get realContinue reading “How To Buy Property Without Actually Buying Property”
Why I’m Not Buying A Home (Even Though I Can Afford One)
If I told my younger self that I still didn’t own a property, she’d probably freak out. For the longest time, buying property was my number one goal. I educated myself on the nitty gritty and knew exactly what I wanted, with the means to do it. However, after a failed attempt I reassessed andContinue reading “Why I’m Not Buying A Home (Even Though I Can Afford One)”
How Bubbles Affect The Stock Market
Note from The Money Marketer: This is a guest post by Financial Freedom 101 – be sure to check out their blog by clicking here. They provide lots of educational content on the stock market, perfect for the Gen-Z investor! Stock market bubbles are common, and I think we are in one today. Bubbles formContinue reading “How Bubbles Affect The Stock Market”
Is Choosing An Investment The Same As Choosing A Lottery Ticket?
Trying to pick a winning investment may seem like buying a lottery ticket. What’s going to boom in the future? “Afterpay?” “Medical marjiuana stocks?” “Bitcoin?” It may seem like it’s a game of chance and luck. However, this is not the case. Long-term stock market investing is not the same as gambling. Here’s why. WhenContinue reading “Is Choosing An Investment The Same As Choosing A Lottery Ticket?”
5 Reasons Why People Lose Money In The Stock Market
Investing in stocks can seem really scary and intimidating especially when you hear personal experiences about losses. And yes, it does carry risk! However, avoiding these mistakes, educating yourself and doing research will substantially increase your likelihood for success. Just a note that I am a long-term investor that prefers stable and lower risk investments.Continue reading “5 Reasons Why People Lose Money In The Stock Market”
Three Money Lessons That COVID-19 Has Taught Me
We can all agree that the last year has been crazy. The pandemic has affected every area of our lives, including our finances. I have learned so much about myself and my money habits and decided to reflect on this. Here are three money lessons that COVID-19 has taught me! 1. The importance of cashContinue reading “Three Money Lessons That COVID-19 Has Taught Me”
How Much Should I Invest?
If you’re a new investor, one of the first questions you will ask yourself is “how much should I invest?” It’s $5,000! Just kidding, there is no one right answer. However, I can help you figure this out how much you should invest. The amount invested depends on: Financial goals The reason I’m not givingContinue reading “How Much Should I Invest?”
How Long Does It Take To Become A Millionaire?
You want to be a millionaire? You’ve come to the right article. I have good news and bad news. The good news is that investing will help you become a millionaire. The bad news is that it is not a get-rich-quick scheme. To become a millionaire through investing, you need to allow for a lotContinue reading “How Long Does It Take To Become A Millionaire?”