Worldwide Success

The convenience of credit cards cannot be denied.  Carrying checks or cash is becoming less and less common as we move towards becoming a paperless society.   Each day more merchants, from grocery stores to taxi drivers, are embracing the acceptance of credit cards which makes their use for day-to-day expenses even more compelling.  Obviously there […]

According to a recently published Census report, the median household income in America in 2006 was $48,201, which was the highest level in five years.  The median is the center point of the income distribution, meaning, half of the households in America make more than $48,201 per year and half make less.
Median household income in America: $48,201

Although the […]

If you create an activity that generates $10 a day or $300 a month and you invest the money every year in a well diversified stock fund that returns 10% per year (10% is the historical average return for stocks), at the end of 10 years you will have accumulated $57,374.  If you let this […]

When it comes to money and being financially successful, one of the most important concepts you need to understand is compounding.  From a financial standpoint, compounding is the cumulative effect of investment returns or interest.  In other words, it is the earnings on top of the earnings, the interest on top of the interest.  But […]

The economic power of the internet is unquestionable.  Some of the largest companies in the world, such as eBay, Yahoo, Amazon and Google gained their wealth from exploiting the internet’s economic model.   Yet, there is a disparity that up to this point has not yet been reconciled.  The very people who produce most of the […]

In the previous article entitled “Get Out of Debt Now!” we suggested some ways to reduce and potentially eliminate your debt.  In this article we will share some simple ideas that can help you save thousands of dollars per year.  The amounts listed in this article are approximations based on typical spending patterns of an […]

Blogging can be a lot of work as many bloggers will attest.  And yet, there are hundreds of thousands of people out there blogging every day.  So why do people blog?  Some do it for the money.  In fact, a few people are making a lot of money blogging.  Here are some examples:

In the post […]

When it comes to managing our finances, there are some very basic concepts that cannot be changed or ignored, despite of the fact that we may not like them.  One of these is the fact that the only way to accumulate wealth is to spend less than we make.  This is true for everybody.  So, […]

If you want to increase your wealth fast, and perhaps become a millionaire, but you have already maximized your savings rate and your risk-adjusted investment return , the only option you may have left is to increase your income (see article “How to Become a Millionaire”).   So how exactly do you increase your income?   This […]