Invariably, every few months, we get a wave of posts talking about “what would you do if you won $x,xxx,xxx?” Or, what you would do with a smaller windfall. And invariably, a majority of the people talk about how they would save the money. And in some cases they are right. But, most of the [...]
Gold! Through the eons, it’s been a much sought after commodity. After all, it’s shiny and stuff. Even in the investment world, it’s the wonder investment. It’s touted as being the “can’t fail” investment for these uncertain times. Unlike stocks, gold is a physical thing. You can buy gold by the bar or by the [...]
Why are we so clueless about the stock market By: Mariusz Skonieczny Mariusz could have just as aptly named this book something like “The Beginners guide to the stock market” because that is what the book is; essentially. He takes a very low level approach to the stock market in an attempt (I believe) to [...]
Enjoy Your Money!: How to Make it, Save it, Invest it, and Give it By J. Steve Miller Occasionally, authors approach me to read and review their books. I usually do so, happily. I enjoy reading, and anytime I can get a book to read for free, it makes my wife happier. It’s hard for [...]
With a recession (depending on whom you ask) upon us, would it have been wise for us to have taken a loan from our 401(k)s before it started? Bear with me here for a second. A loan from your 401(k) is pretty simple. You borrow the money from yourself and then repay it to the [...]
It struck me the other night, as I was reading a book and came upon a section on Ponzi Schemes, that insurance companies are borderline ponzi’s themselves. The definition of a ponzi scheme is when the broker/banker/agent takes money and promises a unusually high return and then pays said return from the incoming money from [...]
Personal finance isn’t all just about the best ways to save money and live frugally. There are other things to consider; other rules that should be followed. Some have absolutely nothing to do with saving money.Many of the posts here at Beating Broke deal with saving money, budgeting, and living frugally. On many occasions I [...]
I’ve been thinking about this for quite some time, but today’s post from DoughRoller with A Dead Simple Alternative to CD Laddering was the icing on the proverbial cake. And I think that DoughRoller is right. Or at least, what DR says is in line with what I’ve been thinking too. Here’s the basics. A [...]
After my last two posts, and then this one, you must be beginning to think that this is P2P lending week here at Beating Broke. I hadn’t intended it to be this way, but it just seems like that is what’s on the brain and it’s getting a bit of buzz lately too. Jim, from [...]
If you’re interested in investing in peer-to-peer lending, Lending Club is offering $40 to new investors. I’m not sure how long it will last, but worth a try if you have been thinking about it. I’m not sure if this will work, but here’s the referral link that they send in the email. That should [...]
