Got student loans? Take a look at Student Loan Hero to help you organize them. The starter of the website said that he had 16 student loans and even with a business degree he had a hard time keeping up with them. So he turned lemons into a lemonade and created this website. let me know what you think!
Editor: Crass Cash https://studentloanhero.com/
Got student loans? Take a look at Student Loan Hero to help you organize them. The starter of the website said that he had 16 student loans and even with a business degree he had a hard time keeping up with them. So he turned lemons into a lemonade and created this website. let me know what you think!
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Editor: Crass Cash For those of you who don't know, an Inverse ETF is an ETF that moves in the opposite direction of whatever it is trying to mimic.
So let's say you think the stock market is going to drop and you want to protect yourself or make money. You could buy an inverse ETF for the S&P500. This will allow for you to make money while the rest of your investments are losing. It can either be a hedge or if you're sitting in cash you can use it to profit. Think of it like you're shorting the entire stock market. Caution: only very experienced investors should use this! When you short an individual stock you can theoretically lose an infinite amount of money (this has never happened). There are also some inverse ETFs that use leverage to exaggerate the gains or losses. This is even more dangerous! Know what you're investing in! Editor: Crass Cash They're both extremely happy! If you're like me, there seems to be a severe contrast between these two groups. If you don't see this, you're an idiot. I've stated repeatedly that money does in fact buy you happiness, but it also decreases at an exponential rate once your basic needs in life are met. Seeking more and more for the sake of accumulation is a fool's errand.
One group produces virtually no waste in society, while the other is notorious for it. They do have something in common though. Namely that they don't have any or they have very little money problems. The billionaires, for obvious reasons, have financial security, but so do the Amish. The Amish for another reason though, namely that their thrift and financial conservativeness is legendary. The phrase "Amish millionaire" isn't an oxymoron, it's become more of a cliche. The Amish are notorious for their spartan lifestyle because it part of their customs that they cannot rely on the outside society, hence no public electricity, city water, or gas powered machines. They have to be self-sufficient. While billionaires are exposed to the roller coaster ride of society, they are also for the most part isolated. Not because they choose, but because they are capable. During the great recession of 5 years ago, these were the only 2 groups that really weren't impacted like the rest of you. As a matter of fact they thrived! The Amish bought up lots of foreclosed land and the billionaires (if they weren't too leveraged) bought up massive amounts of under valued assets. The rich got richer, the poor got poorer. Now you have a much greater chance of becoming Amish than a billionaire, but there is something to be learned from both, namely retirement. See the retired are very happy also. Not as happy as these 2 groups, but still pretty close and it's for the same reason. They have sweet sweet freedom. So if you want to be happier, adopt the Amish lifestyle of use it up, wear it out, make it do or do without. You'll see your wealth grow to the point of at least feeling like a billionaire, if not actually being one. Financial security in the end is what it's all about. |
AuthorThis website was created due to the atrociously misguided financial advice that I've heard over the decades. Financial freedom is not intellectually strenuous, but it takes discipline. Categories
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