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THE VANILLA NEWSLETTER
Expand Your Knowledge Base
Deep dives on money, investing, personal finance, & wealth-building.
The Difference Between Trading and Investing
If I ask you about stock trading, you might think of the New York Stock Exchange. That’s where traders meet to buy and sell stocks, yelling out prices for their clients. But now, trading is different. Most of it happens online. Technology lets regular people trade from home, hoping to make money. Even though trading and investing both deal with stocks, they are not the same. Trading is when people buy and sell stocks quickly to make money. Investing is when people buy stocks and keep them for a long time, hoping they will grow in value. Some people do make a lot of money from trading, but it’s usually not a good idea for most people. We will talk about why.
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7 Biggest 401(k) Mistakes To Avoid
A 401(k) is a good way for families to save money. Many people start investing with their company's 401(k) plan because it’s easy and sometimes the company adds money to your account too. This is easier than opening a different account and picking investments by yourself. But just putting money into a 401(k) for many years doesn’t mean you’ll have enough for a comfy retirement. Surprisingly, most people only have a little over $88,000 in their 401(k), which isn’t enough. The AARP says you might need about $1.5 million to retire comfortably. So, why aren’t people saving more for their retirement? There’s more to getting ready for retirement than just signing up for a 401(k). Many people don’t know the best ways to save and invest for their future.
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The Intelligent Investor (by Benjamin Graham)
You don't need to be super smart, have insider information, or be lucky to do well in investing. What you need is a good plan for making choices and a way to stay calm under pressure. Which is what Benjamin Graham’s book, "The Intelligent Investor," gives you — a clear strategy combined with tips on how to stay cool. This plan has worked really well for over 100 years. Many people, including Graham and his followers, have done great by using it. One of his most famous students, Warren Buffett, who is currently the eighth richest person in the world, even says it's "the best book on investing ever written."
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How You're Programmed To Be Poor
You probably won’t get rich quickly, and here’s why: Some people in finance say you can invest and make lots of money fast. They promise you'll make ten times your money. But most of that isn’t true. It’s very rare to get rich overnight, and thinking this way can make you lose money quickly. Some people do become millionaires fast, but many can’t keep their money. Did you know 80% of NFL players who make millions of dollars end up broke after they stop playing? This happens because they’re missing something important to build and keep wealth. Without it, staying rich is really tough.
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How To Save $10,000 FAST (Money Saving Tips)
Let’s talk about how you can save $10,000 easily. I have six simple strategies that anyone can use to make this goal achievable. Many people struggle with money, and it’s not just you. A survey by Payroll.org shows that 78% of Americans live paycheck to paycheck. For those under 35, the average savings is only $5,400, and over one-third of Americans have more credit card debt than savings for emergencies. But we can change that.
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How to Invest your Money (How ANYONE can be RICH)
It’s come to my attention that many people don't know how to invest to get wealthy enough to buy things like Lambos, and that's just not okay. What’s worse is that schools aren’t teaching these valuable skills—they focus more on subjects that you might not use every day like… Algebra 2. Even parents often prioritize homework over teaching financial literacy. But that’s another topic for another day.
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Passive Income: 4 Ways To Make $100 Per Day
Let’s be honest, who wouldn’t love to earn an extra hundred dollars a day in passive income? The dream for most people when it comes to personal finance, building wealth, and making money is pretty straightforward: earning enough passive income to enjoy your days without financial worries, knowing that money is continuously flowing into your account, even while you sleep.
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6 Signs You're Doing Well Financially (Even If It Doesn’t Feel Like It)
Financial stability is everyone's dream. We all want to be in a position where we have total control of our finances, have confidence about the future, and don't struggle to make ends meet. However, the average person spends most of his life chasing financial stability, which is difficult to attain. Most of us fall into this category of working, getting paid, and spending the money on bills and repeating the cycle. We hardly have any time for leisure activities.
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Ideal Order Of Investing For High Income Earners
When payday rolls around, you're swarmed with conflicting advice on how to allocate your hard-earned money. Should you pay off debt first? Or focus on saving? Or maybe dive straight into investing? It's natural to be scared of making the wrong choices, especially if you earn a high income. So, what's the optimal approach to go about it?
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On Investing & Personal Finance
Join us every Sunday morning while reading The Vanilla Newsletter for a dose of investing wisdom and wealth-building insights.
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Have a great day!