Last week, I was sitting with a friend and she was reading my article on buying a house with 20% down. After about two minutes of reading, she goes, “I knew that!” Yet, I know that she didn’t follow the rule. The fact is we all know the rules: pay off debt, don’t get into […]
We all want to have the best and the nicest. We all want to believe that we are better off than our friends and family. We want to look at our neighbors and say we are doing better. Well, let me impart some wisdom — there will always be someone richer. Even Bill Gates became […]
On February 13, 2012 at 5:30 PM EST, the Financial Bin‘s David Domzalski spoke with Aaron Klein, CEO of Riskalyze. Riskalyze is a technology startup based in Northern California that is revolutionizing how we make risk/reward decisions with our money. From their website: Riskalyze has the first-ever way to accurately pinpoint your tolerance for risk, […]
This morning, the New York Times had a great piece discussing the ideas in Daniel Kahneman’s book, Thinking Fast and Slow. It aligns perfectly with the Riskalyze viewpoint on investing. Most behavioral finance experts counsel that for the majority of people, a passive investment approach is the wisest. Devise a portfolio that measures and limits […]
In America, we have a problem. Our problem is that we believe that money solves all problems. We think the more we make the happier we will be. The more money we give to the poor the better off they will be, the more money we give to government the healthier it will be, or […]
I feel like I am walking on a high wire. The markets are continuing their ascent from the October lows where I went 100% long, and the technical indicators seem to be improving by the day with 77% of S&P 500 companies trading above their 200 day moving average. Earnings continue to beat the Street’s […]
Hey Everybody, For those that don’t know, the Financial Bin is a personal finance and entrepreneurial media company focused on Generation Y. In November 2011, we released our first book, Entrepreneur Intervention: Triumphs & Failures of Entrepreneurs, where we compiled the stories of 28 entrepreneurs and small business owners as they chronicled the ups and downs […]
If you are like me, you are looking at your parent’s generation, the generation just after them, and at your own and wondering what the hell went wrong. Our parents are going broke in the market. For those that got to retire, they moved to their retirement spot, built their house, and settled in. They […]
So, you have you’re debt paid off and you have your emergency fund done. You have a house and savings plans put in place for vacations, home improvement, and kids. Now, at the bottom of the list, we have gotten to you — 2012 gets to be the year where you begin to build your […]
As a teacher in the inner city, I see city poverty every day. My students live in the lowest form of housing, receive the worst food for lunches, and spend their life in dirty clothes. For the rest of their life, they will suffer from their upbringing. They feel out of place, worry about running […]
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