3 Tips to Consider before launching Side Hustle...

Oct 31, 2016 by

Is it time to quit your day job?   Do you currently have a side hustle that you have been debating on turning into a full-time business? How do you know if your business is ready for prime-time? How do you know if you’re ready to break the traditional mold of work and become an entrepreneur? Knowing whether or not your side hustle is ready to be turned into a full-time opportunity can be a very complicated decision.  Luckily, I came across a Forbes article that discusses this very topic from the point of view of a person who left their safe career to pursue their passion.   The article I read was written by Denise Restauri, an expert finance blogger, and posted on Forbes. In her article, Restauri discusses the experience of her friend Shinjini Das and...

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Live like a Billionaire

Oct 26, 2016 by

What’s the secret to feeling as happy as a billionaire?   It seems like most people want to have more money to live a luxurious life.  However, is more money the answer to living a better life?  Who better to ask than a group of the world’s most wealthy and successful business people?  I recently read an article that does just this by pulling quotes of financial advice from some of the best financial minds. The article I read was written by Rose Leadem, and posted on Business Insider. In her article, Leadem compiled a list of inspirational and helpful quotes from some of our century’s best.  After reading through a couple of the quotes, a common theme can be seen in their advice.  Many of the billionaires advice revolves around the importance of...

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Chase Sapphire Reserve – not worth it?...

Oct 25, 2016 by

In case you have been living under a rock, Chase recently released a new rewards credit card that is making a splash in the industry. Many people are flocking to the card because of its revolutionary benefits, but is it really worth it?  Let’s find out! Benefits to Chase Sapphire Reserve: 3x points on travel and dining, 1x on everything else Airport Lounge Access with Priority Pass Select $300 annual travel credit Global Entry/TSA PreCheck application fee credit Sign-up Bonus – 100,000 points after you spend $4,000 in the first three months   Drawbacks to Chase Sapphire Reserve: Annual Fee – $450 Additional authorized user Fee – $75 You can read more about the specific benefits (here) Is it worth it? In order to answer whether the Chase Sapphire Reserve is the best rewards credit...

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Finance 101: Money Markets

Oct 18, 2016 by

What’s a money market?  A money market is the financial sector where large institutions buy and sell quick maturing assets. The assets traded are essentially IOU’s from institutions and the government and are considered a very safe investment.  These assets are considered wholesale as they are in large denominations and are traded between the large organizations.   Who participates in the money market? The actual “money market” is only available to large financial organizations. Traditionally the money market has been a place for large institutions to manage their short term cash requirements.  Typically the value of assets traded range between 5 million and 1 billion dollars. This high price points limits access to everyday investors like us. However, the assets in the money market are consider extremely safe and are very liquid.  The security mature anywhere from...

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Millennials Doomed from Financial Crisis?...

Oct 17, 2016 by

Are Millennials doomed by growing up during the financial crisis? Everyone has felt the impact of the most recent financial crisis, but have the Millennials been effected the most of all?  In a few years Millennials will be the leaders of the world. How will the financial crisis impact our future?  I came across a thoughtful article that addresses this exact question. The article in question was written by Alexander Morrell, and posted on the Business Insider.  In his article, Alexander Morrell first discusses the reasons why Millennials have an aversion to Investing.  The reasoning makes perfect sense when you think about it.  The Millennials may not have been working during the financial crisis, but they did see their parents go through the struggle. In my opinion, that can be even more traumatic than if...

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How much does that Pumpkin Spice Latte actually cost?...

Oct 12, 2016 by

True cost of  the daily coffee It’s fall again and time for everyone’s favorite pumpkin specialty drink, the pumpkin spice latte.  Last time I checked, this fall delicacy will run you about $5 at the corner coffee shop.  $5 doesn’t seem like much, but how much does that actually cost?  For those of us who are trying to save money or invest for the future, cutting out the daily coffee could be just the financial boost we need.     To Latte or not to Latte? Let’s do the math!  For our hypothetical situation, we are going to take the example of a huge coffee fan who drinks their $5 coffee every day.  If that person buys their coffee every day, it would cost them $35 dollars a week.  That corresponds to about $140 a month,...

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