So I figured the least I can do is provide you with my top recommendations that helped me get to where I am today. I may not be a millionaire yet, but I'm learning from the cream of the crop, putting myself in the best situation possible. Since I can't surround myself with the top 5 people I want to learn from, I read books and listen to podcasts either written and made by them or about them. It's great, I read my book on the train if I get lucky and find a seat. If I don't, I rotate listening between the podcast channels I list below. And then on the 10 blocks or so I walk to work, I listen to a podcast episode. Like right now I've been listening to a lot of The Cardone Zone. And then I take a 15 minute walk home from the station and continue listening to an episode. I try to always make sure I'm using my commute to learn new things. Here are my top recommendations: Books: Money Master the Game This was the book that started it all for me. …
Investing
Monthly Net Worth Update
Hey guys, here's my very first monthly net worth update. I always love it when I see other bloggers either post updates on their net worth, monthly income from their blogs or both! Without it, I wouldn't have had the confidence to give this whole blog thing a try. They really motivated me to give this a shot and see what happens regardless of the end result. What's the worst that could really happen? Get published? Sounds good to me. It's only been a short while since I started the blog, but I've come a long way from where I began. Even better, I've certainly made significant strides concerning my finances and net worth from when I just started reading about investing and prioritizing saving back in the beginning of 2015. It always feels great to look back at what I've accomplished financially relatively speaking since then. I literally started with $7k when I first got serious about this. Side note: The $7k was leftover from the savings my parents had for my college tuition. …
Here’s What You Need to do With Your Tax Return
Yay, it's tax season. The exciting time when you have to deal with getting all your finances in order before April 15th to make sure you won't get fined extra for a delayed filing. Woohoo!! For the fortunate ones, you'll be getting a tax return. And depending on how you originally filled out your W-4, it could be a pretty significant amount for you, especially if you're in your 20's. Sure that means you probably filed a few things incorrectly, but hey, now that you have this sweet return what should you do with it? Related Posts: Create a Blog The Money is in Your Email List The #1 Mistake Costing You Millions 66% of Americans are Losing Hundreds of Thousands of Dollars: How to Fix it Millennials Are Ruining Their Chances For Retirement and How to Fix it Now There are only two things you should be doing with your tax return: investing it in yourself, or putting it away and investing it in index funds/individual stocks if you've done …
Millennials Are Ruining Their Chances for Retirement and How to Fix it Now
One of the biggest frustrations I have with my friends from home and work is trying to talk to them about the stock market. It has nothing to do with talking to them about what stocks I think are the hottest and which are going to double in the next two months. It's not even about what I'm invested in, and why I believe a certain method of investing is better than all the rest. It's literally just about trying to get them involved and understand the basics. A couple of years ago I had a coworker busting my balls about how the stock market is rigged and all this crap. I'm like dude, how many Wall Street movies have you watched? If you want to learn how the stock market is rigged, go ahead and pick up the latest copy of Michael Lewis' Flash Boys. I might actually add that to my recommendations now that I think about it. Like as part of an entertaining finance section. His books are so good. Like Liar's Poker. It's so funny. Anyways, I digress. Sure, the stock market is rigged …
The 10 Questions You Need to Ask Your Financial Advisor ASAP
This is a common problem I see with all of us millennials. Nobody takes the time to stop and think maybe they should spend some time learning where their money is being invested. I had my closest friend ask me one night when we were out if I was saving any money since I moved out of my parents' house. I was like "uh yea of course, I have my 401k contribution automated and make myself save at least $500 a month." Related posts: 66% of Americans are Losing Hundreds of Thousands Figure Out What Your Coffee Habit Is The #1 Mistake Costing You Millions He didn't even know what a brokerage account was..So I explained to him all the options you have and how you usually have a financial advisor assigned to you to help you out along the way. This was literally the night it hit me I knew more than the majority of my friends and family. It was insane to me. All I did was read books on the train! As soon as you get a job and start saving your money, you …
The #1 Mistake Costing You Millions
If you're like me, starting out trying to learn compound interest was exhausting. Even thinking about it made me tired. All I knew was Einstein said compound interest is the eighth wonder of the world...Just kidding, that's an urban legend apparently. But you get the idea of how important people make compound interest out to be. Luckily for me, in high school, we learned in-depth what simple and compound interest were and how it can be applied to real life situations so I was really prepared...See, I've got jokes. I'm here all week. All we did was spend two lousy weeks on what the difference between simple and compound interest was, and that was it. Looking back, I'm like are you kidding me?? Other than the occasional algebra I use once in a blue moon at my job, this is the one topic I needed my math teachers to come through on, and they bombed miserably. Like, guys, you're costing me millions here, come on. Related posts: 66% of Americans are Losing Hundreds …
The First Post
What's up guys, welcome to my personal finance blog, Appetite for Investing. For those of you reading this, you're probably thinking, "oh great, big deal, another blog about investing to make a quick buck." Pshh, nah, you got me all wrong. For the past five years, I had been living with my parents after I graduated from college. For the better half of those five years, I was without a full-time job going from internship to internship, to part-time jobs. It was pretty brutal, not gonna lie. On top of that, there was also the guilt weighing on me from living with my parents rent free literally bringing nothing to the table. I was very fortunate they were generous enough to allow me to pursue a dream of working in the sports industry. Until real life kinda kicked me in the ass. After two and a half years, I wasn't getting any traction on a full-time position, so I decided to give in to taking a more "traditional" job, whatever that means. So, I got a salaried position in the …
