The New Year is the busiest time for gyms. So many people make losing weight or getting in shape a resolution, and they flock to gyms to accomplish it. Regardless of whether they'll meet their resolution, all of these gym membership costs are definitely a waste of money and will keep you from maximizing your hierarchy of savings. Gym membership costs Americans over $60 … [Read more...] about 3 Reasons Why Gym Membership Costs are a Waste of Money
How to Beat a High Cost of Living
Jobs in cities like New York and San Francisco offer higher salaries, but the high cost of living quickly erases any of those benefits. In order to afford an expensive city, you need to beat their high cost of living. The average salary in San Francisco was $86k 2018, and the average salary in Minneapolis was $62k. Here's their relative spending power using NerdWallet's … [Read more...] about How to Beat a High Cost of Living
What Is Short Selling – The Pros & Cons of Shorting
With the recent stock market decline, many are short selling stocks to cash in on the downturn. Should you join them? Short selling can help normalize returns during market downturns, but your losses could be infinite. Below is how to short a stock, as well as the pros and cons of doing so. What is Short Selling? Short selling is betting that a stock will decline … [Read more...] about What Is Short Selling – The Pros & Cons of Shorting
6 Easy New Year Financial Resolutions
The new year is a great opportunity to improve your finance habits, and these six finance resolutions will set your year up for success. Here are six easy finance moves to include in your new year resolutions. All of these moves will take just a few minutes each, and could save you a serious amount of money. Get Your Credit Score Your credit score is easy to track, … [Read more...] about 6 Easy New Year Financial Resolutions
Stealth Wealth – How to Hide Your Riches
Stealth wealth became famous after The Millionaire Next Door was published. Many imagined that millionaires drove luxury cars and lived in glamorous homes, and it turns out the opposite was true. This makes sense conceptually. By not spending money to flaunt their wealth, people save more money to become even more wealthy through the powerful effects of compounding … [Read more...] about Stealth Wealth – How to Hide Your Riches