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.
In the past year, homes have been selling well over asking price with many involved in bidding wars. These days, the root cause of everything is COVID-19, and this case is no different. 1. Population Shift The Stay-at-Home Order has forced many American's to stay at home for long periods of time. Those who live in small apartments in the city suddenly had the desire for more space and some land to play with. This caused a shift in population…
F.I.R.E. stands for Financial Independence, Retire Early. The F.I.R.E. movement is a lifestyle movement with the goal of gaining financial independence and retiring early. F.I.R.E. became very popular with millennials starting around 2010. With F.I.R.E., you need to invest 50% - 75% of your income by increasing your Savings Rate. Your savings rate is your monthly expenses divided by your monthly income. Sounds impossible? The F.I.R.E. movement is more feasible for the middle-upper class and people who live in areas…
Let's assume that you just bought a house and took out a 30 year conventional $250,000 mortgage at 3% interest. At closing, they showed you that you would end up paying $129,443 in interest over the life of the $250k loan. Isn't that crazy? Let's also assume that you can save up to $500 per month. Instead of putting that $500 in your savings account, you decide to pay off your 30 year mortgage early. To calculate how much you…
The month of May 2021 has not been kind to those who invest in crypto or the stock market. No one seems to know why the stock market is free falling. Meanwhile, China outlawing crypto in financial institutions and Elon Musk's tweets have caused nearly all crypto currencies to collapse as much as 50% in value. I have been avoiding checking my M1 Finance, Webull, Robinhood, and Betterment brokerage accounts because I don't want to deal with the stress of…
For those just tuning into Finance Throttle, my wife and I purchased our home with a mortgage of $282,000 @4.5% on January 1st, 2019. Just a short 2 years later, we paid off about $83,000 and now owe about $199,000. After a long 6 month process, our refinance finally closed in February of 2021. We refinanced our home for $225,604 @2.5% with no cash out option. I used my HELOC to pay for my closing costs, then scheduled a $25,000…
I recently noticed that my neighbor Dan was wearing a hoodie with the words Crypto Capital Ventures spread across in large letters. I asked, "Are you into Crypto?" He then proceeded to tell me that he is a YouTuber with a 200k+ subscriber crypto channel. His channel is growing rather quickly. I noticed he gained 10,000 subscribers in the week I started watching his videos. Dan posts daily uploads on Bitcoin (BTC) and Cardano (ADA). He is extremely bullish on…
It has been about 3 months since I posted "How I make over $2500 per year mining Bitcoin". Mining Bitcoin is another way of saying that you are lending your computer's processing power to verify transactions on the blockchain. Every purchase, sale, or transfer of Bitcoin and many other crypto currencies need to be verified by the blockchain. At the time I posted this, I was making about $50 per week mining with my AMD 3060 gaming desktop. I like…
BlockFi is a crypto company that offers Interest Accounts, Trading Accounts, and Crypto-backed Loans. If you use Coinbase or another brokerage for buying your Bitcoin, Ethereum, or other crypto, you can transfer your money to BlockFi's Interest Account and earn as high as 8.6% APY on your crypto. I started using BlockFi back in January of 2021 by transferring 2.4 ETH of my Ethereum. Within the past 2.5 months, I have earned $38.40 in interest. Starting a few weeks ago,…
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…
