Easy $500 return on a $2,500 investment

I am always looking for easy ways to make money that doesn’t require a lot of effort. One opportunity that I decided to explore this year is checking and/or savings account churning. This is where you open a checking or savings account for the sign-up bonus. I’ve heard of people earning enough in one year

Invest along with me! Step 3: Rebalancing

Welcome back to the next edition of “Invest along with me!”. If this is your first time visiting this website, be sure to check out the following posts first: How to Invest in Stocks for 8% or Higher Returns Why Everyone Needs a Roth IRA & How to Open One Invest along with me! Step

Invest along with me! Step 2: Buying stocks

Welcome back to the next edition of “Invest along with me!”. If this is your first time visiting this website, be sure to check out the following posts first: How to Invest in Stocks for 8% or Higher Returns Why Everyone Needs a Roth IRA & How to Open One Invest along with me! Step

2019 Net Worth Update

I hope 2019 treated you well! I apologize for being missing in action… 2019 was full of health challenges not just for me, but for those close to me, so I decided to take some time off to focus on myself and my family. As we get ready to welcome 2020, I wanted to provide

How to Invest in Stocks for 8% or Higher Returns

Last month, I gave an “Introduction to Index Investing” presentation to the ChooseFI San Diego members. The above chart was one of the slides in my presentation. This chart shows you how much $100 is worth today (a little under $400,000) if you had invested it in the S&P 500 in 1928 (that’s how far

How Hoarding Cash Can Hurt You

Risk and return are correlated. Everybody wants high returns without any risk, but that’s like trying to buy a 3 bedroom, 2 bathroom detached house in San Diego for $300,000 (very unlikely to happen). If you want higher returns, you’re going to need to take on some risk. Keeping your money in a savings account,

How to become a millionaire without winning the lottery or starting a business

I used to think that the only way to become a millionaire was by either winning the lottery or starting a successful business. And while I had dreams of becoming one, it felt more like a pipe dream. I’m not alone in thinking this way–many of my friends and family share the same sentiment. I

What to buy in your 401(k) if you don’t know where to start

You know your 401(k)? There’s a reason the government puts a limit on how much you can contribute to it. It’s such a good deal that if there isn’t a limit, the government would lose out on so much money. So why aren’t you taking advantage of it? When we were living in DC, my

How to Make Money (Thousands!) From Your Old Credit Cards

Credit cards are like a double edged sword. Use them incorrectly, and you can drown in debt for decades. Use them right, and they can pay you thousands, not only in reward points and cash back, but as passive income while helping others build their credit. How it works Imagine this. Joe is a prospective home buyer

We Bought a House! Plus 5 Things First-Time Buyers Need to Know

I know it has been several months since I last wrote, but I’ve been busy, first, with my mother’s triple bypass surgery in March, which I took 1.5 months off from work for, then we got caught up with buying a house (a townhouse, really) and getting unpacked and settled. Quite honestly, I didn’t think