• Featured,  Investing

    Investment vs Speculation

    What is investing?  In theory, it is quite simple.  It is the outlay of money today with the reasonable expectation that you will get more money back in the future.  The concept is very simple, but in practice it is much more complex.   What makes a good investment? What is the difference between an investment and speculation? Are you investing or speculating? Lets start with narrowing down the difference between investment and speculation.  An investment involves purchasing a productive asset.  What is a productive asset?  A rental property, a share of stock in a company, or purchasing something larger like a car wash, self storage facility, or other business.  The…

  • Personal Finance,  Saving

    Starting Out – Calculate Your Net Worth

    Investing and saving can be a daunting task. There are so many options it can make your head spin. Roth IRA’s, traditional IRA’s, 401k’s, annuities, 529 plans, CD’s, and countless other options abound. Where do you even start? Well for one thing, it is best to take things like this in small, digestible, steps. Build your understanding, bit by bit, and soon you will be in full control of your financial future. This blog is designed to lead you from lost, to mastering of your money and financial future. Just by reading this far you deserve a small pat on the back (not too big there, you are still just…