Tesla, The Little Engine that Could

Yesterday, Tesla became the most valuable US car maker, slightly edging out GM. Obviously this is based on their stock values and their market capitalization. GM sells way more cars each year compared to Tesla. But Teslas’ stock value has surged in the last month by 35%. Investors appear to be betting on the upcoming Tesla Model 3 and hoping that it will take over the market. Continue reading “Tesla, The Little Engine that Could”

Household Debt on the Rise

The last quarterly gauge of 2016 that looked at household debt saw a near record level. Household debt stood at $12.58 trillion dollars. Debt was up $460 billion year over year and is now just 0.8% off the all time high that was reached just before the Great Recession hit, $12.68 trillion. Mortgage debt was the largest piece of the pie at $8.48 trillion followed by student loan debt at $1.31 trillion and auto loan debt at $1.16 trillion. I know that I’ve beat this drum over and over again but we are a nation and a people with way too much debt. Continue reading “Household Debt on the Rise”

Investible Assets

How much do you need in order to be considered wealthy? I’m sure people will answer that question differently. Some might base it off the income you have, the stuff you have, the investments you have or a combination of these and other things. Phoenix Marketing International published their annual Wealth & Affluent Monitor to help answer this very question. Continue reading “Investible Assets”

Retirement Concerns

What are your biggest retirement worries? I thought for many the biggest fear would be never having the ability to retire. Merrill Lynch and Age wave conducted a new study on retirement savings and found that 1/3 of all adults have $0 in retirement savings. None, they haven’t even begun the journey. Another 23% had less than $10,000 saved. No wonder the hope of retirement is a fading dream for many and also why I thought that would be the biggest concern. I was wrong, not being to retire wasn’t the biggest concern. Continue reading “Retirement Concerns”

A Big Pile of Junk

Junk, Fallen Angel, High Yield or whatever else you want to call it, these bonds have been all the rage for many years. For almost a decade now, interest rates have been skimming the bottom of the barrel causing many to reach for better yields. One popular arena has been junk bonds. I myself have bought them in the form of a mutual fund because it’s been one of only a few bond areas returning anything. But a recent story on Investopedia gave me pause about my own holdings. Continue reading “A Big Pile of Junk”

Stockless

Yesterday the Dow hit yet another milestone, 20,000, for the first time. It’s always nice to see record stock levels when they are in positive territory. Since the Dow Jones bottomed out during the Great Recession, the market has been up over 300%. This is an incredible jump in less than a decades time but I saw article that shone light on a problem. A record number of Americans aren’t invested in the stock market at all. Continue reading “Stockless”

How to Become Wealthy

You need to read more nonfiction books. Sounds crazy right? I’m not even sure how I ended up reading this particular Business Insider article but it defiantly had a fascinating point to make. A man named Steve Siebold spent 30 years studying and interviewing 1,200 wealthy individuals. He wanted to know what they all had in common. He wanted to know, in essence, what was their secret sauce. Continue reading “How to Become Wealthy”

Thanksgiving, Christmas and a New Year

Instead of posting an article for each of these holidays I decided to make one combined post. The first thing I want to mention is the one thing I’m most thankful for, Jesus. God loved us so much that He sent His one and only Son to die for our sins. A son who was blameless and perfect. Someone who never deserved to be beaten and murdered. But God sent Him anyways because His love for us is greater than we could ever fathom. I know 2016 might not have been the year you wanted it to be but God still loves you. No matter what happens, His loves will never waver, never change, never lessen. That is defiantly something to be thankful for. Continue reading “Thanksgiving, Christmas and a New Year”

Debt, Debt and More Debt

I know what your thinking, oh great their talking about it again. When will they ever stop talking about that dreaded four letter word, debt? Well, when our nation is completely debt free, government, business and personal, I will cease talking about it. Translation, I will never stop talking about it. This time we are going to focus on credit card debt. One of the worst kinds of debt out there. Continue reading “Debt, Debt and More Debt”

Greatest Giver of Them All

Many times in my life I’ve heard people say the Bible is old and it might have been relevant when it was written but it no longer is. It is true that society over the past two centuries has drastically changed but God’s word is just as true today as it was yesterday or a thousand years ago. First I will start with a verse and then look at where we are at today. Continue reading “Greatest Giver of Them All”