Why I Will Never Worry About Money Again

Sunday dreaming..

I was laying in bed on Sunday morning, doing utterly nothing but sitting there and looking out the window on the sunny day I would not be taking part in due to a hangover and recovering broken ankle.  I don’t know if it’s Korea or I’m just getting older, but the hangovers are horrendous these days.

Anyway, I checked my wallet to see the damage from the previous night.  

 

Score.  



I had managed to have a great night out on only $25.  Cheap drinks at the bars, and even cheaper from the convenience stores.  You can drink freely in public in this wondrous land.
Continued..

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Rules of Money and Life.. From a Fictional Society

To Boldly go where no man has gone before..

I don’t consider myself much of a nerd.  Never got into video games too deep, and I didn’t ever find comic books as too enticing.  Honestly I don’t believe I’ve seen the full set of original Star Wars movies, and I’ve maybe seen one original Star Trek episode.

One could argue I am a bit of a nerd for finance, though.

 

Recently I came across a list of rules regarding business.  The ironic part, is that they are based on a society of ultra-capitalist aliens from the fictional TV series, Star-Trek.  The list is called the Ferengi Rules of Acquisition.  Ferengi is the name of a race of aliens or whatever they are on the show.
Continued…

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Why I Save and Invest

What’s your why?..

I’ve had many sales jobs.  At the beginning of any career they tell you to decide on a ‘why’.  They tell you to do this because point blank they will also tell you, your job is going to fucking suck some days.  A lot of days if you’re good at what you do.

 
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How to Build Your Investment Portfolio

How to build your investment portfolio..

Over the last few year’s I’ve become totally obsessed with investing.  Having your money making you more money.. What a concept!  As you’ll read, I mention I only wish I would have found it interesting years earlier..  How much farther I would be.  No point cry over spilt milk though.

 

The reason it took me as long as it did to get into was because all of it seemed like hieroglyphics.  To be honest, it is a little dull and confusing at first, but once you get a bit of a handle on the ideas, it’s fairly simple.  It’s much simpler than the mutual fund ‘experts’ make it appear.
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All You Need Are Market Indexes and a Gun

Risk factor..

 

“But isn’t investing in the stock market risky?”

 

It’s only a matter of minutes before this comes out of the mouth of whomever I’m speaking about investing with, that’s around my age.  Millennials, I tell you..

 

It’s ironic that due to their fear of losing money, their case-resting remarks are that they’re going to just leave their money in the bank.  Then probably buy a house.

 

I’ve explored how over a number of years purchasing and owning a home is more most costly than buying into the stock market.  I’ve also pointed occasionally due to basic math that holding money in your bank account bares a huge opportunity cost.  Interest earned on a GIC is around 1-2%, inflation averages around 3% – it’s suggested it’s actually decently higher – and a total market index averages a 7% return.  Do the math.
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