• The most basic question that one can probably ask regarding all things finance, economics, and money is “What is money?” We all know that a US Dollar Bill or a Euro is considered money, but most people have never really given thought to…

  • What is investing? You know the word, but do you really know what it means? Are you investing or are you speculating? Knowing what investing really means and what constitutes investing (as opposed to speculation) might help you better wade through the many…

  • We all know (or should know) that having an emergency fund is a crucial part of successful financial planning. Having a rainy day fund is one of the first things people should do when getting their finances under control.

    An emergency fund although part of…

  • Many people think that saving money and investing it is hard. They feel that saving is on the opposite spectrum of fun and that it involves scrimping, denying yourself, and harsh self-discipline. Saving does involve self-discipline and can be difficult at times (especially for…

  • Sequential stock screening involves reducing the universe of stocks to a manageable size. For example, sequential stock screening might involve reducing all US publicly-traded stock to 10 stocks for use in a portfolio by eliminating stocks, one by one, based on filtration criteria (usually with…

  • The Richest Man in Babylon, written by George S. Clason is an interesting, relatively brief, and useful read that will educate those new to money management and wealth building and entertain those who already know a lot about building wealth.

    Title: The Richest Man in…

  • The conventional wisdom is that diversification is an integral part of successful investing. Although the idea of diversification has been around for centuries (and is mentioned in both the Bible and the Talmud), the modern idea of financial diversification can be attributed to the…

  • Gold and silver might be good ways to diversify your portfolio and guard against risk and uncertainty (strategic portfolio risk management and mitigation), but you are mistaking if you make precious metals a very significant part of your portfolio in most cases.

    As ultra-successful investor…