Book Review – How To Win At The Sport Of Business By Mark Cuban

  I just finished reading Mark Cuban’s new E-Book “How to Win at the Sport of Business: If I Can Do It, You Can Do It”. The book is essentially a collection of some of the best blog posts from Cuban’s blog, which he as put together in E-Book form and put up for sale for $2.99. Personally, I’m a huge Mark Cuban fan and happily paid 3 dollars for the book. The book is a quick, easy read full of no-nonsense life and career advice founded in Cuban’s own experiences on his rise to the top of the business world. Top Quotes/Takeaways “Its Easy to know if you’re in the right job. If it matters what you get paid, you’re not in a job you really love.” – A reoccurring theme throughout the book is that if you really want to  make it as an entrepreneur you should be willing to live like a broke … Continue reading

Weekend Reading – Roth IRA Movement

In case you missed it: This past week finance bloggers from all over took part in the Roth IRA Movement. Hundreds of bloggers took part, each posting an original article to educate and inform the masses about Roth IRA’s. You can read my contribution to the Roth IRA Movement here.  Here is the full list or participating bloggers. Take some time out of your weekend and read as many of these as you can! Good Financial Cents: Roth IRA Account Movement (this is from Jeff Rose who started the whole Roth IRA Movement) The Slott Report: The Younger, The Richer: Start Saving Early with Roth IRA Money Ning: Tax Free Growth – Why So Many Love the Roth IRA Liz Weston: Young and Broke? Open a Roth IRA USAA (Scott Halliwell): Roth IRAs: DIY Tax Control USAA (JJ Montanaro): Support Your Local Roth Movement Money Crashers: What Is a Roth IRA … Continue reading

Investing Basics: P/E Ratio

Log on to any finance website to grab a price quote for your favorite stock and you’ll be bombarded with many other numbers. For most beginning investors these numbers are complex and confusing. With this series of posts I hope to change that. Today we start with the P/E Ratio. One of the easiest, and most common ways to value a stock is through the Price/Earnings (P/E) ratio. The P/E Ratio is simply, the ratio between a company’s share price and its earnings per share (EPS).  So if a company’s stock sells for $10 per share and it has an EPS of 2, the P/E Ratio is 5 for that stock. P/E Ratio = Price per share/Earnings per share(EPS) Because P/E is one of the most common numbers investors look at, you’ll usually see it right along with the stock price on any website. So there is no need to … Continue reading

Why You Should Have a Roth IRA

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Do You Have a Roth IRA? What if I told you that you could invest $5000/year, every year and that once the money was invested you’d NEVER have to pay taxes on your investment or its gains when you withdraw it.  Does that sound like something you might be interested in? Well there’s no big secret. Just open a Roth IRA. If you make under $105k ($165k if you’re married) you’re eligible to invest in a Roth IRA. If you’re a regular reader of The First Million is the Hardest you might be asking yourself why I’m going over this. I’ve mentioned it plenty of times before and have made no big secret that a Roth IRA is my favorite investment option. The simple fact is that too few people know about the Roth IRA, and even fewer are taking advantage of its benefits. That’s why Jeff Rose a Certified Financial Planner and Yakezie member started … Continue reading

Dividend Investing – A Primer

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   In my recent post about my investing strategy I mentioned that reinvesting dividends was a big part of my strategy. Many people think of dividend paying stocks as boring, safe stocks that don’t yield much of a return. When in reality this couldn’t be further from the truth. Sure, compared to a lot of the volatile small-cap companies out there that may double or triple in value in a matter of months dividend stocks will appear slow and boring. Dividend stocks are usually larger, more mature companies that have slower growth and more predictable earnings trends. However, the growth they do provide coupled with steady, growing dividend payouts is a recipe for market crushing returns. Dividends have accounted for over 40% of the S&P500′s total returns over the past 20 years. To really harness the power of dividends I look for high quality companies that have a long history of increasing their dividend, and … Continue reading

7 Tips to Save on Gas

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    If you’re anything like me, how to save on gas is a growing concern for your budget. Gas prices are nearing $4 a gallon once again. I’m no expert, but it’s probably safe to assume that the rising trend is only going to continue as the weather gets warmer into the summer. There are a lot of people out there telling you how to save on gas, but I’m going to share a few of the simple ways I’m personally trying to save money at the gas pump this summer. 1.  Change/Clean Air Filter: I’m actually putting a K&N air filter in my car, if you have one or something similar, now might be a good time to see if it needs to be cleaned. If you use a traditional paper air filter in your car check to see if it needs to be replaced. Doing this allows your … Continue reading