Why You Are Not Rich: Financial Misconceptions That Hurt Your Bottom Line

Myth: Two incomes are better than one

A dual income household makes sense only if the combined earnings exceed your expenses by a fantastic margin. There are a plethora of additional expenses associated with a dual income household — childcare, commuting for both partners, eating out regularly, and so on. If you and your partner do not make enough money to justify these expenses, then one is better off being a stay-at-home parent as it allows you to reduce your expenses and save more.

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.
Click here

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.
Learn more
3 / 7
Next ❯

Leave a Reply

*