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.
Did you know you can make hundreds, if not thousands of dollars per day playing online games? Okay more realistically, you will only make a few cents to a few dollars per day unless you get in early and play for several hours a day. NFT games have been around for a few years but they have been on the rise in the past few months. These games are a great way to make passive income if you are already…
For those unfamiliar, a Roth IRA is a retirement investment account where you invest after-tax dollars that grow tax-free. Unlike a 401k or Traditional IRA, you can withdraw your investment at any time without paying a penalty or taxes. For example, if you contribute $15,000 over 4 years and you made $4,000 in that time, you can withdraw your contribution of $15,000 any time you want. However if you want to withdraw your $4,000 earnings, you will pay a 10%…
Growing up watching HGTV's hit shows Property Brothers, Income Property, and Fixer Upper, I always wanted to own multiple properties. HGTV stands for Home and Garden Television. Unfortunately that means they don't cover commercial properties. The only TV show I know of that somewhat covers commercial properties is CNBC's The Profit, hosted by Marcus Lemonis. In the Profit, Marcus invests in several troubled businesses and helps turn them around, whether it's a restaurant, e-commerce, or manufacturing. There are 4 categories…
This past weekend I was at a 5 year old's birthday party. Her parents are around my age and they have an income property. Two other couples at the party also had investment properties. All of them used a management company to manage their properties. My wife and I always wanted an investment property. We have had roommates in the past helping to pay down our mortgage but we never had a dedicated income property. Over the years we have…
If you have been through a few employers over the years, there is a good chance that you may have a 401k or Pension plan that you don't know about. Maybe you forgot about. This is what happened to my wife when she recently received mail from her employer 10 years ago in reference to her 401k Plan. Her employer contacted her because of changes coming to the allocations in her plan. We found out where her 401k was held…
The 529 Account is an Educations Savings and Investment Account. Any money you contribute is tax deductible and the money grows tax free as long as you spend it on qualified educational expenses like tuition, school supplies, dorm rent, or even a laptop. Read all about the 529 Account on my blog post Saving for College with a 529. Now let's work on answering the question in the title of this post. What happens with the money left over in…
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…
Last week was a rough ride for all cryptocurrencies. Bitcoin dropped more than 60% from its all time high to $21,000. Ethereum and other crypto's followed Bitcoin in a downward path. China started to crack down on Bitcoin miners and restricted all financial institutions from dealing with crypto. Countries AND certain states are inviting Bitcoin Miners to move from China. The Dogecoin Millionaire, Pro the Doge, lost $2 Million. Now with everyone buying the dip, Bitcoin is now back in…
An HSA or Health Savings Account is a type of triple-tax-advantaged account. Any money you put in is tax-deductible. Any money you make in the account is tax-deferred, and any money you spend on qualified health expenses is tax-free. What is a Qualified Expense? For HSA's, qualified expenses include paying for doctors visits, prescription and off the counter medication, hospital stays, therapy, and other medical related bills. You can also use your HSA account to pay for your spouse's or…
My cousin Aws Al-Hassani is a landlord, amateur boxer, world traveler, entrepreneur, gamer, eligible bachelor, and co-founder of the NFT start-up Auxiun. With Aws' passion for entrepreneurial-ship, he earned an MBA from Concordia University’s John Molson School of Business. For as long as I could remember, Aws was a huge gamer. He still has the original NES (Nintendo Entertainment System) and some old Sega's with hundreds of games between all of his gaming consoles. It was his love of gaming…
