Cade Hildreth

Everything You SHOULD'VE Been Taught in School.

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Investing

How to Invest in Silver (Like a Pro)

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Has the pandemic made you nervous about your long-term investments? Over the past year, the Dow Jones Index reached record highs fueled by low-interest rates and government stimulus money. But, how long will these “sugar highs” last?

Thanks to historically low mortgage rates, the real estate market blossomed into a seller’s market. While real estate and stocks can be strong investments, it’s not unreasonable to want to sink your money into something more stable—like silver.

Interested to learn how to invest in silver, like a pro? Let’s dive in. [Read more…] about How to Invest in Silver (Like a Pro)

What is the Rule of 72? A Simple Definition and Examples.

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I love the Rule of 72, because it lets you do quick math in your head to determine how quickly an investment can compound (i.e., double or triple in value) over time.

What is the Rule of 72? Simply put, the Rule of 72 is a quick way to estimate the number of years required to double the value of an investment at an annual rate of return.

This method was first featured in the Summa de Arithmetica of Luca Pacioli in 1494, which is impressive. Pacioli suggested using this method for calculating the estimated time of doubling investment. [Read more…] about What is the Rule of 72? A Simple Definition and Examples.

Is Bitcoin a Safe Investment? 9 Tips for New Crypto Investors

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Cryptocurrencies rise to fame and explosive price growth over the past few years will go down in the history books. In 2017 alone, bitcoins price grew over 2,000 percent, starting at $1,000 at the beginning of the year and topping out around $20,000. During the pandemic, Bitcoin surged to new highs again, this time peaking at $60,000.

With cryptocurrencies becoming more and more popular, will there be another run?

Keep reading this guide to discover valuable tips for new crypto investors that will get you started in the world of decentralized finance. [Read more…] about Is Bitcoin a Safe Investment? 9 Tips for New Crypto Investors

Why 401K’s Are A Bad Idea

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Why is a 401(k) a bad idea? Why don’t rich people use them? And seriously, are they worthy of being called a scam?

There’s more than a few reasons that I think 401(k)s are a bad idea, including that you give up control of your money, have extremely limited investment options, can’t access your funds until you’re 59.5 or older, are not paid income distributions on your investments, and don’t benefit from them during the most expensive period of your life (child-rearing years).

Did I also mention that your 401k account value may plummet—it happened in 2008 and could happen again. [Read more…] about Why 401K’s Are A Bad Idea

Rich Dad Poor Dad Summary – A Foolproof System for Wealth

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This is a summary of the best-selling personal finance book of all time, Rich Dad Poor Dad.

Told as a true story from a first person narrative, Rich Dad Poor Dad was written by author Robert Kiyosaki. The book is controversial, because it doesn’t advise you to follow the standard dogma of penny pinching or relying on a 401K. [Read more…] about Rich Dad Poor Dad Summary – A Foolproof System for Wealth