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.
About three years ago I came up with an idea for a new app. Inspired by Uber and Door Dash, I thought "What if I make an app where people can rent out their driveway, garage, or shed as a storage unit?" As someone who has spent way too much money on a storage unit, I knew that the storage business was a cash cow. I started to research the legalities of renting out your own property for storage. Is…
Roth IRA’s are powerful investment accounts that allow you to invest after-tax dollars to earn money tax-free. You can contribute to a Roth IRA for as long as you live and you can easily pass them down to your children. You are not even forced to use it since there are no minimum required distributions. The only downsides are the annual contribution limits and the income limits. The annual contribution limit is $6000 ($7000 if over age 50). If you…
In 2020 I heard about the $1000 challenge between the online Finance community. It is a 1-year challenge where you invest $1000 in any way you want to see who makes the most money. Since the $1000 challenge has been around for a while, no one has done this challenge in recent times. 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…
Around Christmas of 2020, I decided to start my own personal finance blog Finance Throttle. My objective with this blog was to help people accelerate their net worth and learn more about personal finance along the way. Within a week, I created the blog and website through a Bluehost referral link and published the site on December 31st, 2020 for a January 1st, 2021 reveal. I started off publishing a new blog post EVERY DAY. This wasn’t easy since I had a full…
The majority of American's do not invest or save enough money for retirement. They depend on social security checks to get by. But who funds social security and what happens if we run out of money? Social Security checks are funded by the previous generation. That means the social security money coming out of your paycheck each month is paying for America's current retirees. As long as there are more working people than retirees, the concept works. COVID-19, declining birth…
According to ipropertymanagement.com, 36% of American's households rent their homes. Approximately 41% of renters spend more than 35% of their income on rent and most renters are under 45 years old with a college degree. When asked, 1 out of 5 millennials say they feel they will never be able to afford a home. It is often argued that renting is a waste of money. You cannot sell your asset (home) to get your money back. On the other hand,…
If you were lucky enough to have an economics class in high school, you may have heard of the term compound interest. Compound interest is the interest accumulated on the combined principal and interest, over time. In other words, you earn interest on your total balance including both the principal and the interest you have already earned. Earning interest on your interest is compounded interest. It's how the rich get richer. As an Industrial & Manufacturing Engineer, I had to…
Want to buy a commercial real estate investment property? Commercial real estate is quite different from residential real estate. The four major types of commercial real estate include Office, Retail, Industrial, and Multi-Family. If you want to know more about the types of commercial real state, leases, and more, then read my post Investing in a Commercial Property. This post will focus on the Industrial side. If you already started browsing for a property on LoopNet.com, the first thing you…
Yotta is a popular lottery-based savings company whose angel investor's include personal finance YouTube star Graham Stephen. For every $25 you deposit, you are rewarded with a permanent lottery ticket that you can use each week for a chance to win $10 million, a Tesla, or lesser cash prizes. I wrote all about it in my blog post "Save for a chance to win up to $10 million each week". Since I published that blog post, much has changed making…
As an Industrial and Manufacturing Engineer, I have worked in factories for over 10 years and have toured several other factories including Volvo Powertrain, Hershey Chocolates, and Harley Davidson. For years I have heard the concerns of automation replacing jobs. You may replace a picker and sorter with a robot that can do the same thing. You may replace a buggy driver with an AGV, or Automated Guided Vehicle. Amazon may try to replace delivery drivers with delivery drones. The…
