Skip to content

Smart Thinking On Investing – December 02

Smart Thinking On Investing – December 02

In this week’s Smart Thinking, the Financial Panther explains what he likes about robo-advisors. Wallet Hacks’ Jim Wang shares the income streams of millionaires to inspire our own path to financial freedom. And The Green Swan tells all on his money mistakes in the past.

Pretend to Be Poor blog writer Kalie uncovers the finance topic that no one discusses. And Ashley Eneriz, from Investopedia, teaches us the money lessons we should have mastered before we hit our 30’s…


The Simplistic Art of the Robo-Advisor


  • Setting up a retirement account isn’t the same as a bank account, you can’t just forget about it; you need to track what your money is doing once you put it in
  • Robo-advisors are easy to set up and they open up the complex world of investing to beginners by making it much simpler to invest in the right funds
  • They remove so much “friction” from the start-up process; they create a portfolio based on your risk tolerance and age for you—simples!

Do you invest with a robo-advisor? Does it work for you? Share your experience in the comments section below

Read Full Article

Who Wants to Be a Millionnaire?


  • On average a millionaire has seven streams of income; a mixture of both passive and active
  • Start with active income; your career, and invest in passive ones to build up your returns for the future—remember money makes money
  • These can include interest on loans and companies, dividends from investments (reinvest these every time), capital gains, royalties from products, rental income and business income

Read Full Article

No One Is Financially Perfect


  • Avoid having too many accounts and paying out too many fees, choose a single brokerage firm with low-costs
  • Know what you’re laying out in transaction fees; if you don’t keep an eye on them, they’ll rack up and sting you
  • Maximize your tax advantaged accounts and employee retirement accounts for the receive maximum value in employer contributions
  • The right financial path to take; invest early, invest often, and diversify

Read Full Article

The Scrooge in Us All


  • A characteristic we sadly can all be prone to; an unhealthy appetite for the latest and greatest gadgets and stock value
  • Allowing yourself to be controlled by greed is not acknowledging your discontent; admit to it and begin to take back control from desire
  • Guard yourself against it by avoiding more consumer debt, sticking to your budget, and paying off your debt as quickly as you can

Read Full Article

Financial Ideals to Master as a Millennial


  • Many millennials mess around with the idea of a budget but few follow through—account for every dollar and stick with your spending allocation
  • Don’t spend your whole paycheck; start by saving 10% of it and try and increase that until you’re saving 30 – 40% each month
  • Approach your debt situation aggressively
  • Maintain a good emergency fund—at least six months living expenses
  • Don’t ignore your retirement; make headway on your future financial income as soon as possible

Read Full Article

Do you want to start investing on your own, but don’t know how?

Check this out!


Anything you would like to discuss about Smart Thinking On Investing? Do you have any articles you would like me to cover? Feel free to add it below. Let’s start a discussion in the comments section!

Do you like Smart Thinking On Investing? Feel free to share it with your friends.


DISCLAIMER: This content is for information purposes only. It is not intended to be investment advice. Readers should not consider statements made by the author(s) as formal recommendations and should consult their financial advisor before making any investment decisions. While the information provided is believed to be accurate, it may include errors or inaccuracies. The author(s) cannot be held liable for any actions taken as a result of reading this article. Andrew Stotz doesn’t necessarily endorse any stocks or shares mentioned in the articles or the author of such articles linked to and summarized in Smart Thinking On Investing and cannot guarantee the accuracy of its information.

Leave a Comment