Investing
Investing is an important skill for becoming prosperous. Those who learn to make their money work for them tend to enjoy more flexibility with their time besides having more opportunities to travel, spend time with family, and do other things outside of punching the clock.
This section of Prosperopedia.com contains tips, advice, news, and other information about investing.
Whether you’re just starting out in your adult life and career and wondering what’s the hype about the 401k, a seasoned veteran planning for or enjoying retirement, or a parent or grandparent showing your posterity the ropes when it comes to following the updated version of the trail you walked, we hope you get the investing education you’re looking for here on Prosperopedia.com
Contracted Earnings Signs of US Recession
Going into 2020, the United States economy has experienced the longest period of economic expansion in its history. After the Great Recession of 2007-2009, we've seen growth starting in June of 2009, a period that has lasted more than ten and a half years. According...
Investing in Bitcoin
Sometime during 2010, I heard a lot of buzz in my work office, where there were lots of developers and other technical types, about a shiny new digital currency experiment that the most geeky of geeks in the office were referring to as Bitcoin. It seemed gimmicky to...
CIT Bank
CIT Bank is an online bank based in Pasadena, California that offers personal and business banking products and services. Although CIT Bank is best known as an online bank, which allows it to provide high yield returns on savings and other types of deposit accounts,...
High Interest Online Savings Accounts
Saving money is a good idea. Saving money in a way that allows it to grow and create more money through interest is a better idea. Opportunities to increase the rate at which interest is being earned with your saved money (without increasing your risk to losing that...
Wells Fargo Bank
Our goal at Prosperopedia.com is to help you be informed about things that affect your financial well-being so that you can make decisions. In this article, we will discuss Wells Fargo Bank. I'll explain some of the details about the bank and what products and...
How the Federal Funds Rate Affects Savings Account Interest
This morning I received an email from Wealthfront, where I opened a savings account to take advantage of their industry-leading (as far as my research showed) 2.57% interest rate, no fee savings account. The email stated that because of a recent change to the federal...
Wealthfront Automated Wealth Management and Investing Service
Video Review from Wealthfront Account User The video review I'm including below of Wealthfront is a detailed review from an actual Wealthfront user, a vlogger who calls himself Wander001, who has been been using Wealthfront for over 3 years. In his review, he explains...
How to Invest in Construction Hard Money Lending Backed by Real Estate
One of the benefits of working hard and getting ahead is having the opportunity to invest some of your hard-earned money into something that will produce more money. As my career developed, my businesses grew over a 10 year period, and I found myself having more and...
Pros and Cons of Using a Property Manager for Nightly Rentals
Over the past few months, I have been wading into real estate investing by purchasing a couple of nightly rental condos in the Saint George, Utah area. Because this is my first experience with nightly rentals, and due to the fact that I already have more...
Top Real Estate Investment Books Recommended by BiggerPockets
One of the resources I've begun using as I've waded into the waters of real estate investing is an organization called BiggerPockets, which was created to encourage real estate investment by building a community and disseminating educational and other...
Investing in Nightly Vacation Rental Real Estate: My Own Rookie Experience
The past 20 years of my career (pretty much my entire career) have been spent primarily building online businesses, including projects like this website. I've had more success earning money than I could have ever imagined when I started close 20 years ago, but I have...
What Factors Affect Your Credit Score?
Credit Reporting Agencies and FICO Score Understanding how significantly your credit score affects your access to borrow money, you naturally want to know what factors affect your credit score. I will answer that question for...
How To Buy a Home Foreclosure At An Auction
For several years, I’ve been interested in getting into real estate investing. My internet businesses have done well enough for me to save up some cash that I can use to start looking at properties and getting my feet wet with some real estate investments. I’ve been...
One for the Money, Guide to Family Finance
If you want to be successful raising a family, one of the most important skills you can develop is managing your finances. In the 21st Century, being a parent is more expensive than ever. A USDA report released in 2017 estimated that it will cost parents...
How to Become a Millionaire
I’m going to share with you the formula I’ve followed to become (together with my wife) a millionaire. But first, some context. The United States has more than 11 million households reporting a net worth of more than 1 million dollars based on the latest...
Dave Ramsey’s 7 Baby Steps for Saving Money, Paying Off Debt, and Building Wealth
Dave Ramsey is a popular radio show host, an author of several books about financial management and developing life skills. Besides being a great teacher, he is also, not coincidentally, a successful businessman and a devout Christian. His Financial Peace...
How To Become Rich – The Richest Man in Babylon Formula
The Richest Man In Babylon is a fictional story with sound principles that have helped people become wealthy through their application. This first part comes from the part of the book “Seven Curses For A Lean Purse”. Heed the advice in each of these...
How To Get Pre Approved For A Home Loan
Buying a home is a lot easier than you might think. Yes, it’s a huge purchase, probably one of the largest purchases you’re going to make in your life, but the hurdles in the process mostly deal with time. If you've interviewed some rockstar real estate agents to...
