In a previous article, I discussed Bitcoin's history and how investors can get exposure from the cryptocurrency. The issue I hear from many is that they don't want to invest directly in Bitcoin. If you've been bitten by the Bitcoin bug, and would like to know which Bitcoin stocks have been performing well lately, below are 3 Bitcoin stocks that you may want to add to your portfolio this year. By investing in stocks that have exposure to the cryptocurrency, you can … [Continue reading]
Despite the horror stories and second-hand tales of “black marks” and credit scores which will prevent you from achieving anything in life, many people simply chose to ignore the full depth of problems associated with having bad credit. While there are certainly some pretty outlandish myths when it comes to the impact credit scores and credit reports can have on your future, there are also some undeniable truths. The first time most individuals have an application for … [Continue reading]
Are you tired of where you are financially? Do you see others getting ahead and all you are doing is staying in the same place? Or worse, are your finances getting worse as time goes on? You might be wondering what others are doing so you too can grow your wealth. Well I am here to tell you the secrets others are using to grow their wealth. And the best part of this is that these secrets are simple for you to start using! If you can follow just a couple of these … [Continue reading]
Everyone is concerned with how to save money these days. When you have money saved, life in general is a lot easier. When things happen, you avoid the added stress that not having money brings. And having money in savings opens doors for you. When have money saved, you have options in life. The problem is figuring out how to save money. Sadly too many people find saving money difficult if not impossible. So I decided to do something about it. I wanted to figure out … [Continue reading]
Investors think they are smart when they really aren’t. In fact, many investors don’t even earn the return they think they do. They end up earning much less. One common practice I see when it comes to investing is buying on the dips. What exactly is buying on the dips? It works like this. The stock market has a decent run up for a few months. As a result of the gains, some investors want to take money off of the table. In other words, they want to lock in their gains … [Continue reading]
Advertisers are good at getting you to spend your money. It’s their job to get you to part ways with your money. Advertising agencies have huge budgets that they spend on research to understand the human mind and emotions more so than you or I can ever imagine. It comes as no surprise then that they are able to get us to buy things even when we had no plans on doing so in the first place. In order to beat them at their own game, you have to learn their tricks. In … [Continue reading]
I love personal finance. Ever since my senior year of high school when I was introduced to economics, I’ve loved the world of finance. I even went to college for finance and worked in the financial services field for over 15 years. I love personal finance so much, I even read about it in my free time. Because I’ve read so many books on the topic, I decided to share with you my favorite personal finance books. Below you will find the books I recommend as well as a … [Continue reading]
Here is a little secret. Personal finance isn’t just about budgeting and managing your money. I know. Your jaw just it the floor, didn’t it? The truth is, personal finance is about a couple stages of our financial life, not just about getting us out of debt and saving money and it ends there. Personal finance is about personal finances. All of them. That means that you should have the opportunity to break up your financial life into two main phases. The … [Continue reading]
With the new year comes resolutions and for many, organizing their lives. Most people focus on their health when the new year begins, but I want to help you with getting your finances in order. When you get your finances in order, you improve the chances of reaching your goals. You also lower the stress that money has in your life. So why wouldn’t you want to start working on getting your finances in order? Here are a few tips to help you with getting your finances … [Continue reading]
If you read a lot of blogs, you’ll hear many people claim that financial advisors are a waste of money and that you can invest yourself. Why pay someone to do something that you can do yourself? Unfortunately, this argument isn’t so cut and dry. There are many people that know how to do certain things but choose not to and pay someone else for it. For example, cleaning their house. I’m sure if you hire someone to clean your house, it isn’t because you don’t know how … [Continue reading]
Thanks again for visiting Penny Thots. My goal for this site is simple: to help you become a master of your financial future. You do this by learning to overcome your debt, making smarter spending choices and start investing for your future. When you succeed, I succeed. By teaching you about personal finance, you can take the steps needed to secure your financial future. As always, if you have any questions or want help with any personal finance issue, please contact me. I will do my best to help you out and answer any of your questions.
