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Investing is broad, but necessary, category in a person’s personal finance world.  Leaving your savings in just cash never made much sense nevertheless at today’s rates.  Investing is often thought about in terms of buying stocks, but it is more than that, you could invest in an insurance based product, real estate, a business, yourself, etc.

The Best and Worst Attributes About MLMs

I have this buddy who is deep into the Multi-Level Marketing (MLM) world.   It feels like he keeps bouncing from the next big thing to the thing that is going to make the "next big thing" look horrible and scammy.  He has attempted to recruit me to a few of these ventures and much to the surprise of no one, but him, I have always rejected.  Every time, he contacts me about the next amazing opportunity I always have two thoughts about the very nature of MLMs and they are what makes the opportunity amazing for some and horrid to me at [...]

By | 2017-05-18T08:59:53+00:00 May 10th, 2017|Business, Personal Finance|11 Comments

Being the Dairy Farmer Instead of the Cattle Herder

I have this great colleague that comes up with these fantastic one-liners.  Over the past 10 years or so he has provided some real classics.  The other day we were discussing how financial planners should build their practice and he said something so great, which I am sure is not original, but like most great quotes made you stop and think about the simplicity and truth of the statement: Be the Dairy Farmer Instead of the Cattle Herder It was so simple and fantastic! While we were talking about building a financial services practice, I immediately thought how it related to investing and retirement.  [...]

By | 2017-05-07T23:56:55+00:00 May 8th, 2017|Investments|1 Comment

Mobile Businesses

With technology being the focus of most businesses these days, the idea of a mobile office and even a mobile business is becoming more and more popular. A mobile office is the idea that all functions done in the office are now able to be done remotely or on the go. A mobile business is an entire business that is on the go, a business without a brick and mortar location. Both of these ideas are made possible because of advancements in technology such as wifi, bluetooth, smart phones and the internet. Examples of Mobile Businesses There are many industries that are [...]

By | 2017-05-03T20:58:14+00:00 April 30th, 2017|Business|0 Comments

Investing in Energy 101: How to Start Strong and Go Long

Investing in the stock market has historically been one of the easiest and most effective ways to build wealth. You don't need a large sum of money to get started and it's possible to build a healthy portfolio of profitable stocks relatively quickly. When you buy stocks, you're actually buying a share of ownership in a company that has been publicly listed on the stock exchange. The objective is to invest in stocks that will make you money over the long term. Ways to Invest in Stocks If you're like most people, your idea of investing in stocks might be to buy [...]

By | 2017-04-26T14:35:03+00:00 April 26th, 2017|Investments|0 Comments

Selling my First Strangle

In effort to learn different income producing options strategy I have been reviewing various strategies and deciding whether they are appropriate for me to actually trade.  Lat week I reviewed the very popular Strangle Option Strategy and prematurely stated, it isn't something that I would be interested in selling any time soon.  It took another blogger, JC from Passive Income Pursuit, to force me to look at the strategy from a different angle.  His single comment gave rise to me selling strangles! How Does Selling a Strangle Option Work? While my post defining a strangle option went into much more detail, a [...]

By | 2017-04-18T14:21:10+00:00 April 20th, 2017|Options|2 Comments