Today, the U.S. self storage market is an exploding industry valued at $22 billion. There are many reasons for the rise of self-storage investing, but consumer and demographic shifts are the major drivers. According to a recent survey by the online marketplace Mercari, “Americans collectively have more than 5 billion items sitting at home that they no longer use.” That figure is mind-blowing. [Read more…] about U.S. Self Storage Market is Booming: Here’s How to Invest
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.
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
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
Study after study tells us that, on average, Americans aren’t saving enough to cover their retirement. In fact, an estimated 15% of Americans have no retirement savings at all, and around 45% of people think they will run out of money in retirement.
The statistics are worrying, especially if you aren’t sure how to start saving for the future. After all, if you’re a total beginner, how are you supposed to come up with a solid investment plan that meets your needs? [Read more…] about Create an Investment Plan: 8 Investing Hacks for Beginners