The Importance of Taking Care of Yourself

spa

I am a workaholic. I freely admit it. I have always felt good about working hard and being able to pay my own way. When I was about thirteen years old, I began a part time nanny gig for my mom’s friend. I remember being paid $5 an hour, which seemed like a fortune at the time. Taking care of her crazy kids was hard but nothing beat the feeling of being able to go to the store and buy my own things. I don’t think I ever made more than $30 at a time babysitting her kids but it was a start for me. I loved the feeling of earning money and I was going to continue to try and earn. That brings me to my next point. A lot of people who like to work also have a tendency to not treat themselves right. Don’t know what I … Continue reading

Tricks To Motivate Yourself Financially

mountains

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

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The following is a guest post from Troy who blogs over at GhostforBeginners.com. 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

ben-bernanke

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

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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