Book Reviews

Learn How To Invest In The Stock Market

Why Are We So Clueless About The Stock Market? Learn how to invest your money, how to pick stocks, and how to make money in the stock market by Marius Skonieczny

If you have been thinking about investing in the stock market in order to achieve your medium and long-term savings goals, I would highly recommend that you read Why Are We So Clueless about the Stock Market? .  It’s well organized, easy to understand, and provides charts and graphs as well as examples in order to illustrate the main points outlined.

The author discusses the importance of doing research before simply selecting stocks to invest in.  The book talks about the process of determining the value of a given stock and provides clear instructions on how to determine whether or not a company is a sound investment choice.   The book emphasizes that there is no use in spending a lot of time researching a given company unless it meets certain criteria.

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July 20, 2010
Household

Only Buy New Furniture When You Are Ready To Settle Down

Although it may be tempting to buy nice expensive furniture when you first set out on your own, this may not be the best idea.  New furniture can be very costly, and you need to consider how long you are actually planning on living in that place, not to mention that town or city.  The more new stuff you buy, the more it will tie you down.  Owning a lot of “stuff” tends to complicate life more than you might expect.

A friend of ours, who has done a lot of travelling and working around different parts of the world, shared with us recently how she regretted her decision to buy brand new leather couches.  Due to her frequent moves, she has been burdened with having to move her furniture along with her.  She knows that if she were to try to sell it, she would never recover her costs, but the moving costs have amounted to almost half of what she has paid for the furniture to begin with.

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July 18, 2010
General

Should I Lease Or Buy A Car?

It is the age old question, do you lease or buy?  It is a thought that comes across most of our minds when we are looking for homes or cars. Big questions emerge such as; will I pay more to lease it? Wouldn’t I want to own it outright if I am making a monthly payment on the car? What exactly are the perks when leasing a car? Those and many more questions should be addressed before you sign your name on the dotted line.

Alright, let’s be honest.  Who really enjoys stepping onto a car lot and getting bombarded by pushy, aggressive sales people? Even if you mentally prepare yourself for the challenge ahead, you can never fully understand all the curve balls that come your way.  Sure, you start with the fun part – the test drive!  You feel the leather under your hands, enjoy the new car smell, and play with all the gadgets on the dash board, but you know what is to come.  The minute you step out of the car here it comes.  PAPERWORK!  Be prepared because they are going to want to know just about everything.  You’ll also have to contend with those three little numbers that mean so much to our society… the credit score.

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July 16, 2010
General

What Should You Do With Extra Money?

Imagine you just received an unexpected gift of money, won a lottery, or your business did much better than expected.  Suddenly you have extra money that you need to decide what to do with.   What do you think you would do with it?

The answer will be different for everyone as we all have different ideas for what to do with extra cash.  Due to our unique situations in life, it might make more sense for some of us to pay down debt, while others should be topping up their emergency fund a bit more.  Still others might be wise to invest in the stock market or start up that business project they’ve always wanted to work on.

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July 14, 2010