Sacrifice Early, Reap Rewards Later

sacrifice-early

Sacrifice Early, Reap Rewards Later with the Power of Compound Interest The best thing you can do for yourself, financially speaking is to sacrifice early. Compound interest is a powerful thing! Make it work for you. Even investing as little as 10% from every single job you have in a broad market ETF will likely make you a millionaire by the time you retire. The key is starting early-even when you’re a teenager with a part-time…

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Lack of Financial Literacy in Education

financial-education

By Laur Davidson, an aspiring freelance writer Being able to balance a checkbook, manage personal debt, and keep a high credit score are essential skills in today’s society. For many decades, American students learned these skills in school; unfortunately, some states no longer mandate financial literacy curriculum. As a result, most students reach adulthood without knowing how to be financially responsible – leading to problems as they graduate and attempt to navigate the student loan…

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The Basics of Currency Trading

The foreign exchange market is the largest investment market in the world. Currency trading or Forex Trading has become extremely popular over the last several years and the numbers are consistently increasing. The Currency market involves countries all over the world so currency can be traded almost 24 hours a day and there is a very short weekend. The majority of currency trades are not done by people, international banks, businesses and the national banks…

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Expat Finance: Wealthy English Teacher

expat--finance

Expat Finance: How Working Abroad Set Me Up for Awesome I’ll be going back to Canada in less than two months after ten years teaching English in South Korea. There are various reasons, but mostly I’m just tired of teaching and tired of living abroad. I need a change, in a serious way. What I’m going to talk about today is money, and how you can turn your time teaching abroad into some financial awesome…

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My Ideal Retirement Plan at 65

A Reader Question: Ideal Retirement Plan at 65 A reader  asked me what my ideal retirement plan at 65 would be. Let me start off by saying that my thinking is perhaps a little different than the normal person. I in no way envision myself working a 9-5 job for the next 30 years and then “retiring.” An Alternative Plan Instead, I hope to live a life that is characterized by non-traditional work opportunities. Perhaps…

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My Financial 20s

I got a question from one of my readers about how young people can take control of their money and their lives and she wondered about what I did successfully and what I would have changed about my twenties. It’s an excellent question! My Financial 20s: What I did right Paying off Student Loans I did quite well in my 20s financially speaking because I paid off my student loan debt as quickly as possible…

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Is it too Late to Start Investing?

I answer the question of whether or not it’s ever too late to start investing in this short video. For everything expat finance, check out Andrew Hallam’s excellent book, The Global Expatriate’s Guide to Investing: From Millionaire Teacher to Millionaire Expat.

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Student Loans are NOT Free Money

In this short video, I talk about how students loans are not free money and how you should try to live frugally and work during university in order to take out as few as possible. Like: Freedom Through Passive Income’s Facebook Page

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Why Investing in Bonds is a Terrible Idea Right Now

A short video explaining why now (May 2015) is a terrible time to be investing in bond mutual funds or bond ETFs: For some solid advice, check out this book from Peter Lynch, one of the giants in the investing world: One Up On Wall Street: How To Use What You Already Know To Make Money In

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Trading vs. Investing

trading vs. investing

A short video about trading vs. investing and which one I recommend. For some solid advice on investing from one of the greats, check out: The Little Book of Common Sense Investing by John Bogle.

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Investing Basics: Fundamental vs. Technical Analysis

fundamental vs. technical analysis

In this short video, I talk about the difference between fundamental and technical analysis and which one I like. It can be quite confusing when you’re new to the investing world, but I try to break it down for you in a simple way. If you are an English teacher abroad and are trying to figure out the personal finance thing, check out this book: The Wealthy English Teacher: Teach, Travel, and Secure Your Financial…

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Investing in Gold and Silver: a Good Choice?

gold and silver

I explain why I don’t think investing in gold and silver is the best choice in this short video, but the gist of it is that gold and silver are only worth what people are willing to pay for them. They actually have no intrinsic value of their own, unlike companies who have earnings. More personal finance for ESL teachers abroad: The Wealthy English Teacher: Teach, Travel, and Secure Your Financial Future.

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Scared of the Stock Market? You should be Scared of Inflation

inflation

I’ve recently created a series of short YouTube videos about personal finance. I hope you’ll find them helpful and if you have questions you want me to answer, or tips about how to make them better, please let me know. I’m very new to the YouTube world. Here’s the first one explaining how most people are scared of the stock market, but what they actually should be far more scared of is inflation. If you’re…

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Drinking Less- Building My Empire More

drinking alcohol

Disturbing Happenings in My Life Money Diet March opened up my eyes to just how much money I spend on drinking and eating out. It was kind of staggering, and drinking and hanging out in expat bars a lot is really not how I want to live my life. Sure, it’s fun to see all your friends and talk and get loud and happy, but waking up the next morning with a hangover, $50 lighter…

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Offshore Brokerage Accounts: Sketchy?

offshore investing

Are Offshore Brokerage Accounts Really Sketchy? A reader question: My friends wonder if I’m doing something really sketchy when I mention that I’m opening an offshore brokerage account. Is this stigma justified? Is it perpetuated by Tax Authorities to discourage people from opening them? My main two questions that I need answered are: am I doing anything illegal (if the $ is from a legal source)? If it’s such a good idea, why doesn’t everyone…

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Make Your Own Luck

luck

Yesterday, I gave a ride to a newbie to Korea in my car who I’d never met before. She was a friend of a friend and the first thing she said to me was, “You’re so lucky to have a car.” Now, I’m not picking on her particularly because she is a nice person but my answer to her was my standard one: “It’s not luck. Anyone can do it.” Sure, it takes a bit…

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Where Retirees Should Invest

tropical island

Where retirees should invest if they are going to live abroad A reader question: “I’ve heard that one needs to consider where they want to retire when purchasing investments. If someone is unsure, but knows it will likely be a nice warm developing country, how might they want to adjust their portfolio?” My Answer: Don’t Worry about it! This is indeed a good question, but it is not something that you should worry too much…

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Andrew Hallam and Dividend Paying Stocks

dividend stock

I know that many people who read this blog also like Andrew Hallam who writes about expat personal finance and investing. The other day someone who had read, The Wealthy English Teacher: Teach, Travel, and Secure Your Financial Future and had checked out the Dividend Monk’s site wondered why Hallam only invests in index funds and not dividend paying stocks and Hallam was kind enough to message me with his answer: “Great topic for discussion.…

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YOU are taking a vacation?

As I exercise, I listen to podcasts and once of my favorite financial ones is Suze Orman, author of The Money Book for the Young, Fabulous & Broke. She takes calls on her show from people who have serious financial problems, but are quite often in just as serious denial. Examples of the Financial Crazy 1. Someone has $60,000 in credit card debt, but they just leased a $20,000 car. 2. Another person is struggling…

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Investing Books for Beginners: My Recommendations

If you’re new to the investing world, it can be a bit overwhelming to get started on the path towards financial freedom. There are plenty of helpful blogs out there, such as Mr. Money Mustache, Wise Bread, or The Simple Dollar but it can be difficult to get the “big picture” while you’re scrolling around from post to post at random. It’s perhaps a much better choice to read a book because you get the…

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Personal Finance: 7 things you should have learned in High School (but didn’t)

Whenever I talk to my friends, I’m almost astounded when I hear stories of the mistakes that they made in their late teens or early twenties and I find it hard to believe that they graduated from high school without knowing this stuff (I would have been clueless too, but I freakishly was interested in financial stuff from an early age and used to read books about it in my teens). Maybe it’s the responsibility…

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Expat Investing: Resources to Get You Started

Investing in the financial markets when you live abroad can be a bit complicated due to things like currency conversions, tax laws and just fewer options for things like brokerage accounts. But, it’s not impossible and with a bit of reading and research, almost anyone can do it. Here’s where to start: Expat Investing Resources 1. Andrew Hallam’s- The Global Expatriate’s Guide to Investing: From Millionaire Teacher to Millionaire Expat. One of the best (and…

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