Bad Investment Results? Your Birth Year May Be to Blame

How Luck Influences Investment Success and What to Do About It Photo: Pixabay You likely do not remember it, but the year you were born had a larger impact on your future investment success than you can imagine. Why? Because the investment industry has a secret: Luck matters a lot more than you think And I am…

Following Your Passion is a Numbers Game

On Luck and Success in the Creative Industry Photo: Wikimedia Commons Having a creative career is like dynamite. The only thing you need to do is ignore how long the fuse is. This post is for all the people who want to make a name for themselves through writing, acting, music, art, or some other creative endeavor…

The Early Bird Gets the Return

The Real Reason Why Investing Early is Important Photo: Pixabay You have probably heard the phrase before: Start saving early. The logic goes that the earlier you start saving and investing, the more time you will have to compound your money, and the more successful you will be as an investor. I agree with this…

Fantastic Lies and How to Find Them

Detecting Fraud Using the Mathematics Behind Benford’s Law Photo: Pixabay This week’s post isn’t about personal finance, but I think you will find it intriguing. I am going to illustrate how it is possible to detect fraud in certain kinds of data using some simple math. But, before we dive into that, let’s play a…

Just Keep Buying

One Simple Trick to Make Yourself Rich Say it with me: Just. Keep. Buying. This is the investing mantra that can change your life. These 3 words can make you rich. What I am talking about is the continual purchase of a diverse set of income producing assets. I am not talking about when to buy…

Saving is For the Poor, Investing is For the Rich

The Mathematics of Saving and Investing Over Your Life Cycle Now that my blog has gotten some traction among my friends, I have been getting questions like this more often: “Nick, I just saved up $1,000 and I want to know where I should invest it to get the best return.” Immediately I think about going…

The Eye of The Storm

Living Through The Worst of the U.S. Housing Crisis Moreno Valley, CA (Photo: Wikimedia Commons) This week I want to talk about the U.S. housing crisis of 2007–2008. In particular, I want to tell you what it was like living in an area that experienced arguably the worst housing boom and bust in the United States….

Your Greatest Asset is YOU

The Motivation Behind Investing, Saving, and Increasing Your Skills Nearly all articles written about investment and personal finance (mine included) focus heavily on financial assets despite the fact that most of your value (like mine) is likely not contained within financial assets. Most of your financial value is already contained within yourself, waiting to be unlocked…

If You Want to Play The Investment Game…Know These 4 Rules

Photo: Pixabay This week I want to talk about the exciting world of investing. Not the boring, passive, safe way to the upper middle class that I recommend frequently, but the high conviction, high stakes kind of investing. This is for all of those people that pick stocks or think they can choose someone who…

The Scars of the Great Recession

Visualizing the Crisis Across America Despite the unemployment rate being at 4.8%, the stock market hitting record highs, and other positive economic indicators in recent weeks, I want to shine a light on those areas of the U.S. where the recovery hasn’t been fully realized. This is an important point to be made because there is…