This page consists of investment related blog posts. Here you will find FinTech or investment app reviews and comparisons and you will learn about different ways to invest for retirement, for fun, for real estate, for your health, and for your education. Invest at your own risk.
When it comes to tracking the health of your personal finance, the net worth statement is the best way to measure your financial situation. This easy calculation can help you determine if you are on track with your financial goals, or if you are in trouble and need to tackle your debt. Download the Finance Throttle Net Worth Tracker or consider spending the time to create your own. WHAT IS A GOOD NET WORTH? Every person is different. Your net…
FTX, before November 2022, was the second largest crypto exchange in the world with the lowest fees. Today, FTX is insolvent. If you had money in FTX, it is likely lost forever. While Finance Throttle has never promoted FTX, it was promoted by dozens of personal finance YouTubers and Bloggers alike. This whirlwind of a story has been unwinding a bit more day by day and it has been tough to keep up with. I can't explain it any better…
In 2021 I joined the $1000 challenge, a 1-year challenge where you invest $1000 in any way you want to see who makes the most money. I thought it would be an interesting experiment to try during the Pandemic. Because I run a personal finance blog, I decided to expand my experiment. I started my $1000 challenge in January 2021 by investing $5000 in FIVE different securities across FOUR categories: Crypto, Real Estate, Retirement, and an Individual Brokerage Account. I…
With inflation, interest rates have jumped up along with home prices. Historically, home prices go down when interest rates go up. When you hear the term housing bubble, that means home prices are inflated and the bubble may soon pop. This will send home prices crashing back down. If you really need to buy a home in current market conditions, consider an ARM. An ARM, or Adjustable-Rate Mortgage is a loan with a variable interest rate that fluctuates throughout the…
Imagine shopping for your next home with your spouse. You drive around nice neighborhoods you can't afford just to browse. All of a sudden you find a home for sale with overgrown weeds and rough exterior. It's in a great neighborhood with great schools and it is the cheapest house on the street. Should you buy it? This is a situation that is common in America. If you watch HGTV, you may be familiar with Chip and Joanna's Fixer Upper…
Have you ever heard of the phrase "The rich get richer and the poor get poorer"? I am talking about the self-made millionaires, not the famous actors and athletes who lose all of their money the moment they fall out of the spotlight. The rich spend money in a very different way. Their purchases have purpose or potential to make even more money. They don't buy fancy cars or extravagant homes unless they can claim them as business expenses or…
In the past year, much of the real estate landscape as changed. Becoming a real estate investor is harder than ever in this market. With inflated real estate prices, high mortgage interest rates, and the rising costs of PMI, home insurance, utilities, and home contractors, can you still make money as a real estate investor? Here are 8 ways you can maximize your earnings. Do Your Research & Calculate The ROI The ROI is your return on investment. Thousands of…
Let's say that you have $500 left over each month after expenses and savings. In most cases, investing your $500 in the total stock market or S&P 500 will grow your net worth faster than paying off your home early with an extra $500 per month in principal payments. However the stock market is now projected to earn smaller returns of 4% per year and 30 year conventional mortgage rates shot up to 5.14% on April 13th, 2022. Whats more,…
If you don't know, an HSA is a Health Savings Account that lets you set aside, invest, and grow your money tax free as long as you spend that money on medical expenses. You only pay taxes on your distributions if you use the money for non-medical expenses. If you use your HSA funds to pay for medical expenses, you don't need to pay taxes on your distributions at all. Click Here to learn more about how an HSA compares…
The past few weeks of the stock market performance has been worrisome. The last 48 hours have been gut wrenching. All stocks and crypto's have been crashing down to pre-COVID levels or even lower. Tech companies have fared the worst by far, including Fin-Tech. In the past 2 months, my investment portfolio decreased by $40,000. While all of this is happening, my net worth has remained the same. How? Real Estate & Cars. The values of real estate and cars…
