7 Personal Finance Myths Preventing You From Being Rich

Myth #2: “Owning a Home is Always Better Than Renting”

Owning a home is an integral part of the American Dream, but it is not always the right choice. For instance, if you are struggling with debts, your credit score is likely to be unimpressive, which means you will be paying a higher interest rate on your home loan. So it might be a judicious idea for you to rent until you pay off your debts — such as your school loans. If you are young and just landed a job, it is not prudent to get tied down to a location, which could happen if you buy. If you find a higher-paying position you might have to move to a different city or state. Then you could be forced to sell the home for a price that is nothing to write home about. You might rent the home out, but you may not have time to deal with that while starting a new job. Some folks should wait until they have a job that you enjoy and have paid off debts before buying a house.

Small-cap winners galore

The big stock market winners share one common attribute: Near the beginning of the ascent of their shares, the companies offer revolutionary products or services, are market leaders in their respective industries, or both. Some big stock market winners that possessed the attributes outlined above are Netflix (NFLX), which we recommended to investors in October 2002; Intuitive Surgical (ISRG), which we bought and recommended in July 2004; Baidu.com (BIDU), which we bought and recommended in August 2006; and MercadoLibre (MELI), which we recommended to investors in October 2010. Get up-to-date small-cap stock picks from David Frazier, editor of Small-Cap Profit Confidential.
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Smarter cryptocurrency investments

The stock market crash of 2008 was the catalyst for his journey into alternatives. And interestingly, it was the impetus behind the creation of Bitcoin and the blockchain technology behind it. Keene Little wasn’t ready to risk his money yet but he was very curious, so he began charting Bitcoin’s technical patterns. What finally convinced him to dip a toe into digital currencies was seeing that they followed familiar price patterns that could be analyzed and successfully acted on. Now he shares those insights with subscribers to the Crypto Wealth Protocol.
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