Dictionary.com defines economics as “the science that deals with the production, distribution, and consumption of goods and services, or the material welfare of humankind.” When in put in these terms, it’s only natural to feel a bit intimidated, (much like the way I feel whenever I attempt to read Atlas Shrugged, which is an enormous book I haven’t committed myself to reading yet) but the basics of economics are very simple, in fact you probably know most of [...]
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Everywhere you turn another successful startup is being sung praise for its miraculous achievements. But just as often as we here these success stories, we here the “entrepreneur to homeless” type of stories that I hate. These types of stories turn millions of would be gun-ho entrepreneurs into unsatisfied, cubicle workers. We’ve all heard these horror stories [...]
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The general public is better at investing than all of the investment greats, including Warren Buffet, Peter Lynch, William O’Neil and Benjamin Graham. At least that’s the way it looks, considering how often investors ignore these successful investor’s advice. I firmly believe that you can’t be successful on your own, you need someone to act [...]
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Think that a stock has to go up to make money? Nope, stocks rising in price isn’t the only way you can make money. There is another way, a way that is lesser known yet still effective. No I’m not trying to sell an eBook, I’m talking about dividends. Basic info on dividends Dividends as [...]
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Quick story: About a week back I was on the phone talking with my aunt about how I really wanted to visit her, but was still saving up my money for a plane ticket and for lift tickets (she lives close to the Rockies). At the time that sounded perfectly normal, but once I got off [...]
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What is a stock? Yes, this was covered in my investment terms list but I used the simple well-known definition- Partial ownership of a company. This is the technical definition of a stock, but if you actually understand what a stock is from this confusing definition, then I am impressed. To really explain what a [...]
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“If Warren Buffet owned and wrote articles for this site (Minor Wealth) he would most likely fail.” It may come as a surprise but the above statement is certainly true, not just for Warren Buffet but for any billionaire. It has nothing to do with me being some sort of web design god or because [...]
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So you like the idea of investing huh? Think it is a great way for a kid to make some extra cash? Well… it is, but before you dive into the world of investing I think you should learn these basic investing terms. Once you learn these terms you’ll be all set to tackle any [...]
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Nearly 50% of children believe they will strike it rich, yet at the time of me writing this only 5,500,000 out of the 310,891,258 US population are millionaires. The goal of this blog is to help motivated people become a part of this select group by improving their financial literacy. As a teenager, I am [...]
