a hackers guide to managing your money
When I was younger, I was taught that the key to financial freedom was saving as much money as you could.
While true, it's not the whole story. Saving can only get you so far - you need to invest prudently too.
You need to build passive streams of income, most millionaires have seven or more passive streams, if you want to escape financial gravity.
You can learn about how I built a dividend portfolio, how I think about market valuation, and even my thoughts on angel investing - and much more!
As always, email me or tweet @wallethacks if you want to discuss anything!
The biggest money thieves in the financial industry aren’t what you might think. At first, when you think about robberies, bank robbers with large bags of cash come to mind. To be fair, there have been some major bank robberies over the past few decades. This article by the Thrillest shows the 10 most successful […]
I’m a big fan of dividend investing. I took advantage of cheaper stock prices during the last economic recession and stumbled my way into a sizable dividend portfolio. Now that we’re nearly a decade away from my initial acquisitions and the markets have surged back, I’m sitting on big gains and a healthy cash flow. […]
Robinhood is a popular stock trading app that charges absolutely no commissions. You can read our full review of Robinhood to get a better idea of what they do. I have an account with them and have zero complaints. They recently raised $110 million at a $1.3 billion valuation and are looking to blowing the […]
Ever wonder if the stock market is expensive or cheap? If you rely on mainstream media to tell you, you’re making a huge mistake. Ever hear the line “if it bleeds, it leads?” It perfectly encapsulates what the “news” is all about. It’s not about getting information to you, it’s about getting you to watch. […]
Betterment is one of the most popular robo-advisors out there and based on highest number of assets under management, one of the largest independent robo-advisors. If you’ve been thinking about opening an account, you should take advantage of their promotions. As a startup, they’re constantly tinkering and changing these promotions. This page will reflect the […]
Gold. It’s amazing the power it holds on our society. The California gold rush in the late 1840s and early 1850s has been the stuff of lore (if you have a chance to read about it, it’s fascinating). Even today, you can turn on Discovery Channel and watch a show about guys in Alaska mining […]
RealtyShares is one of the best crowdfunding real estate investing sites. They are a marketplace that lets you invest in short-term loans and equity investments in real estate property, it’s like a LendingClub for real estate. Unlike many other similar marketplaces, the minimum with RealtyShares is just $1,000 per investment (compared to many places where […]
Real estate is a very well understood but often poorly executed way of building wealth. It only takes one episode of an HGTV house flipping show to know that it doesn’t take a genius… but even geniuses can mess it up with bad execution. If you’re a buy and hold investor, you’re less likely to […]
On October 30th, 2015, the Securities and Exchange Committee voted in favor of Title III of the JOBS Act (Jumpstart Our Business Startups). Title III would let non-accredited investors invest in startups. An accredited investor is someone who has a net worth of at least a million dollars, excluding their primary residence, or income of […]
Earlier this week, I polled over twenty financial experts about how you should invest your first $1,000. One common theme among their answers was that you should consider a low cost investment, usually an index fund of some kind. That recommendation is nearly universal and it’s for a very simple reason — The most important […]