Would You Rather Have $1 Million or a Penny that Doubled?

mapping out the millionaire mystery

The following is a guest post about compound interest by Brent Kesler, author of the book, Mapping Out the Millionaire Mystery: Step Into the Secrets of the Wealthy Money and founder of the Multiplier Method www.themoneymultiplier.com. If you’d like to submit a guest post to Money Q&A, be sure to check out our guest posting guidelines. Would you rather have a million dollars OR the sum of a penny doubled every day for 30 days? A million bucks sure sounds pretty good, doesn’t it? But just to be sure, let’s do the math. One penny doubled every day for 30 days makes you over $5 million! Even though it takes that penny 28 days to reach above $1 million, after you … Read more

Are Non-Fungible Tokens (NTFs) a Good Investment?

non-fungible token

The following is a guest post by Stephen Rozo, the founder of MoneyPeoples.com. If you’d like to submit a guest post to Money Q&A, be sure to check out the site’s guest posting guidelines. Non-Fungible Tokens (NTFs) have been gaining in popularity lately as a new way to invest in digital assets. But are they a good investment? From digital art and music to in-game items and even real estate, there’s an NFT for just about everything. And as more people become interested in this new way to invest, the prices for some NFTs have skyrocketed. But there are some risks to investing in Non-Fungible Tokens. For one, they’re still a relatively new technology, so there’s not a lot of … Read more

How to Start Investing Even When You’re Almost Broke

How to Invest with Little Money Even When You Are Broke

If you’re living paycheck-to-paycheck, long-term savings and investment strategies aren’t exactly a priority. After all, you need to make sure you can afford basic human necessities like the roof over your head, utilities, and food, not to mention life necessities like car insurance and cell phone plans. Once everything is accounted for, what little is leftover from your last paycheck might be used to pay off debt or go out to dinner one night per month. Investing money in stocks, bonds, or any other option just doesn’t seem feasible, given your income/expense ratio. You know that investing is important, especially when it comes to saving for retirement or increasing your net worth, but the freedom to divert money to investments … Read more

7 Ways to Earn More Income in Retirement

401k Retirement Plans

You could live to be 75 or even 100. You never know how many years you may live after retiring from your full-time job, which means extending your retirement savings is critically important for your quality of life. But, you can earn more income in retirement. If you’re concerned about whether your current savings will last, here are some exciting and useful ways to generate more income during retirement. Earn More Income Contribute to Your IRA or 401(k) Did you know that you can still contribute to retirement plans even after you retire? Doing so offers many financial advantages, such as growing your nest egg, prolonging your retirement savings, and potentially limiting your tax burden each year. You can even … Read more

What Is Insider Buying? How Investors Can Make Money Spotting Insider Buying

stock investing

Insider buying is when a director, officer, or executive buys shares in a corporation they work for. It’s not insider trading which refers to corporate insiders making illegal stock purchases based on non-public information. Investors can spot insider buying by looking for directors, officers, or executives who have recently bought shares in the company they work for and use this information to decide whether to invest in that company as well. When people with insider knowledge buy stocks themselves, it means that they believe the company has potential and would be worth investing in at some point down the line. You can find the latest insider trades from company executives by looking at SEC Form 4 filings. For example, if … Read more

When It Comes to Investing, Beware of “Di-Worsification”

wealth simplified

The following is a guest post about diversification by Robert F. Roby, author of Wealth Simplified: The Secrets of Everyday People Who Retire Richer, Happier, and Earlier. If you’d like to submit a guest post to Money Q&A, be sure to check out our guest posting guidelines. A common refrain used by investors and advisors to describe diversification is “Don’t put all of your eggs in the same basket.” In its most simplistic terms, diversification means allocating your investment dollars to a variety of different assets, such as stocks, funds, bonds, and deposit products, within different sectors of the economy. Diversification typically involves investing in companies of different sizes, both large and small alike, in different industries and different sectors, … Read more