What Is the Difference Between Rich and Wealthy?

difference between rich and wealthy

Do you believe there is a difference between rich and wealthy? Have you ever considered it before? We’re going to spend two quick minutes in this article doing just that. Exploring the Difference Between Rich and Wealthy What is “Rich?” What is “Wealthy?” Time to jump back into grade school for a moment. Sometimes the best way to explore a topic is to lay a groundwork.

Can I Live Off Interest On a Million Dollars?

can i live off interest on a million dollars

If you’re nearing retirement age, or simply planning in advance, you may be asking yourself how much you’ll need. We’re going to target one specific question in today’s article: “Can I live off interest on a million dollars?” Scenarios like this have many variables, so let’s start by asking some questions. Retirement Planning – Can I Live Off Interest On a Million Dollars? Some financial

10 Healthy and Cost-Friendly Ways to Invest In Yourself

invest in yourself

I recently spoke with a good friend who announced she was going to pursue her long-time dream of writing. I was so happy for her. She then said she was going back to school. Much like me, my friend is a young mother and wife with a heart full of ideas and budget that doesn’t always make them possible. That’s why I want to talk

It’s Never Too Late to Learn the Basic Rules of Online Trading


Do you have a knack for figures? Do you enjoy adding and averaging on the fly? If you have been thinking about finding an excellent source of income to supplement your earnings from your job, perhaps it’s time to think outside the box. Why not put your math skills to work in an exciting new sideline that might just become a serious occupation? Even if

When is the Right Time for a High Income Fund?

Investing in a high income fund for your retirement or to help you reach specific goals in life can be quite exciting. In fact, everyone wants their investments to pay off well when you’re making them. It’s important to remember, though, that the best income funds are the ones that help you achieve your long and short-term goals for retirement and so much more. These

Investing in Renewable Energy: Insights and Wisdoms From Warren Buffett


When someone with such a renowned reputation like Warren Buffett for making shrewd investment decisions,  announces that he is investing in solar energy, that has to be a pointer to suggest that this is an industry that threatens to put the oil businesses on notice. Here is a look at some the reasons why the “Sage of Omaha” is putting some of his cash into

My cFIREsim Review: Is This the Right Retirement Calculator for You?


Do you know how much you need to live on during retirement? If so, then how can you be sure you’re putting away enough each year to reach that goal? These are important questions to ask during your working years. Thankfully, free calculators like cFIREsim were created for that purpose. Since my early days as a night teller in our bank’s drive up, I’ve tinkered

The most efficient way to invest GBP 20,000

If you have GBP 20,000 that you are looking to invest, with a view to your investment gathering interest, you have several options. But before you decide to explore your investment options, you first need to consider any outstanding debts you may have – like a hire purchase agreements, bank loans, or mortgages. If you have any of these, the best financial advice is to

4 Tips on Choosing the Right Online Trading Partner


“Predicting rain doesn’t count. Building arks do.” – Warren Buffett There is no doubt that the information age, coupled with the rise in the number of people that have access to the internet, have contributed, and continue to add to the increased access to income generation possibilities. The latest statistics show that up to 50% of the global population owns at least one mobile devices

Choosing a Broker on the Financial Market


FOREX is the foreign exchange market conducting virtual trade. Dealing centers, or forex brokers, are intermediaries between buyers and sellers in the Forex market that provide players with access to software for trading, and leverage. There is a contract between the broker and the trader, usually in the form of a public offer regulating their rights and obligations. Brokers earn by receiving a percentage of