Tricks To Motivate Yourself Financially


Personal finance is all about creating goals. Whether you have goals to pay off your debt or to save for retirement, it is important to stay motivated to reach those goals. The main reason why most people don’t reach their financial goals is because they lack the motivation. Motivation is the key piece to the puzzle. The question is, how do you stay motivated to reach your goals? Here are some tricks that will keep you on the right path. Create Specific Goals The biggest factor in not reaching a goal is because the goal was too general. Why do you think so many people fail on their new year’s resolutions? They create goals such as lose weight, learn how to save money, make more money, or pay down debt. While these are all good goals, they are entirely too general. How do you attain them? Financial goals are no different … Continue reading

Thoughts on the US Stock Market for 2014

upward graph

The following is a guest post from Troy who blogs over at Troy has previously brought us posts about how economic data triggers the markets and taking profits in a bull market. Today he shares his views on where he thinks the markets may be headed in 2014.  These views are his, and his alone. Please conduct your own research or talk to your financial advisor before making any investment decisions.  The State Of The U.S. Stock Market As a disclaimer, I am cautiously long the U.S. stock market. These are dangerous times, so don’t let the euphoria fool you. As you’ve probably heard, the U.S. stock market (based on the Dow Jones 30 and S&P 500) is soaring through the stratosphere. Based upon federal and privately compiled statistics, the public is pouring records amount of money into the U.S. stock market, which basically screams the word “BUBBLE”. But just … Continue reading

Understanding How Economic Data Triggers Markets


A lot of times, markets aren’t steadily moving in one direction or another. They’re moving sideways, waiting for some event or release of economic data that will trigger the markets. With scores of data out there, which ones are actually useful for making markets move? I’m going to cover that in this post. Note: Something to keep in mind is that a certain piece of economic data itself cannot move the market. Like the assassination of Archduke Ferdinand (which lead to WWI), an economic indicator cannot cause the market to move on its own. It merely acts as a trigger. Unemployment Reports The unemployment reports, consisting of the Initial Claims and Unemployment Rate, are probably the two most frequent pieces of economic data that are used as triggers. Why? Simple – because they’re important. When the bulls (or bears) need to find a piece of data to trigger the market … Continue reading

Why Sales Is A Good Training Ground For Entrepreneurs

buffalo courthouse

Sales is a good training ground for entrepreneurs because it offers fantastic opportunities, and possibilities. It is especially well suited for an entrepreneurial person, and those who dream of one day owning their own business. Furthermore the control you have over your income means you get paid for the results you produce instead of what someone thinks you’re worth. Entrepreneurship is perhaps the most challenging aspect of business especially if you don’t have the necessary skill set developed. Being an entrepreneur means you are depending solely on yourself, and you need the drive, passion, and determination to see it through to success. This is why it’s crucial that entrepreneurs are both self-confident and assertive in order to overcome the difficulties any start up encounters. Sales gives you these things through the school of hard knocks. Why Sales Teaches You To Be A Good Entrepreneur Salespeople can in many ways be … Continue reading

Taking Profits In A Bull Market


Today’s post comes courtesy of Troy at The Financial Economist:  As you probably know, Jay recently wrote a post about the wild bull market we’ve been experiencing lately. In response to this, I figured I’d write a guest post about taking profits in this bull market, since (if you’ve read my blog) I’m rather bearish on this bull market. The reason for my bearishness is rather simple – I think that this stock market is way overbought, thanks to the Federal Reserve’s crazed stock manipulation. The economic news is terrible, corporate earnings have all missed revenue expectations, yet the stock market is on a tear. Does that make any sense? Absolutely not! However, astute investors have said that “the market can stay irrational longer than you can stay solvent”. Thus, I am not going to short stocks now. I’m too young to die. For investors that still hold stock positions, here are 3 … Continue reading

How To Avoid Fraud When Booking Your Next Trip Online


The following is a guest post by Amy Johnson. If you’d like to have your own guest post featured on The First Million is the Hardest see my guest posting guidelines and send me an email! Avoid Credit Fraud when Booking Your Plane Tickets Online Buying travel tickets online is no different from online shopping. Experts remind travelers that the risk of credit card fraud is always present. They strongly advocate for safe computing habits and considerable amounts of common sense. And these measures need to take effect from day one that travel plans are set in motion.                               Safe Online Booking Tips for Your Vacation Travel Plans Online booking of airline tickets is essentially online shopping. Internet security experts strongly recommend the adherence to the same measures to protect consumers from becoming victims of credit fraud. The rule of thumb is to trust only reputable service providers and to … Continue reading