The traditional way to see how much of a mortgage payment you can afford is to take your monthly income and multiply it by 0.28. So if your monthly income was $5,000 this formula would say you can afford a $1,400 a month house payment. So someone with a $60,000 annual income could afford a […]
How Much House Can You Afford? (The 3-30-10 Rule) Read More »
Emotions are the natural instinctive state of mind created internally as a reaction to your circumstances, derived from your mood, or arise based on interactions in relationships with friends, family, or strangers. These are feelings and different from logic, thinking, or knowledge. Emotions are messengers to your nervous system on how to react to a
How To Master Your Emotions (Emotional Intelligence) Read More »
Selling short a stock reverses the normal order of buying it and then selling it. Selling short means to sell something you don’t own. When hedge funds and large players sell a stock short they borrow the stock from their broker and sell it to a buyer in the marker. They then owe the broker
Short Squeeze Stocks List (November 2022) Read More »
Fear is an unpleasant emotion caused by the belief that there is danger that is likely to cause pain, or a threat. In trading, this can be a financial threat of loss or mental fear based on the ego. The fear is based on the belief in the probability of a future event happening. There
Trading Psychology: How to Handle FOMO Read More »
Mark Cuban was a hustler from a young age and his first experience with entrepreneurship was buying a lot of garbage bags from his dad’s friend for $3 a box and reselling them for $6 a box door to door. He had the world’s first and only door to door garbage bag subscription service. He
How Mark Cuban Turned His First Million Dollars Into A Billion Read More »
Andrew Huberman Ph. D., is a neuroscientist and tenured Professor in the Department of Neurobiology at the Stanford University School of Medicine. Here is the advice he gives for developing billion dollar habits in life, business, health, and relationships. “Set three or four habits that you want to create for yourself. so find six habits
The Billion Dollar Routine You Can Copy Read More »
Everyone knows Warren Buffett is one of the richest people in the world and the greatest investor of all time. What few people know is that he is also a master of his personal finances. He is an unusual billionaire as he has always enjoyed intellectual pursuits over material possessions. He prefers simplicity and an
15 of Warren Buffett’s Smartest Frugal Living Habits Read More »
Patience in trading is the ability to wait to take action until it’s the right time. Ego, impulses, boredom, and greed, can overcome a traders resolve and cause them to take action too soon or too much. Patience is the ability to follow a trading plan in real time with discipline and focus. Discipline is
Steps to Improving Your Trading Patience And Discipline Read More »
Business is not as easy as most people believe, whether it’s a big business trying to survive in its market year by year or a small business just starting out, the success rate is not high. Big business must grow its top line sales and its bottom line profit just to stay in business as
Businesses that Never Fail? 6 Businesses with Low Failure Rates Read More »
School focuses on teaching reading, writing, and arithmetic primarily. How money works is rarely a topic for teaching or discussion. Too many students leave school with no understanding of personal finance, investing, or business and it shows. If a student is lucky they may get a home economics class to learn how to manage a
Escaping the Rat Race: What School Failed to Teach You About Money Read More »
