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Posts tagged as “finance”

Day Trading vs Investing for the Future

This is one of my shorter posts, as previous articles have been written as very long and informative pieces. Every once in a while at Finance and Purpose, I’ll post tidbits of advice to address commonly asked questions. A lot of people have been asking me what the difference between day trading is versus investing. Among those who buy and sell stocks there is an ongoing debate about whether the…

3 Ways to Open Foreign Digital Nomad Bank Accounts

Digital Banks are the future. Today’s online banking services dominated big and outdated banks suck. Big banks’ mobile apps are like dinosaurs, and their fees and services quickly add up. Big banks also don’t give you any benefit for foreign diversification and travel unless you obtain a credit card. Good luck reading the fine print. As we look towards the next decade, the Financial Tech industry has made great strides…

Rare Earth Element Investment for the Future

China is the worlds largest extractor of Rare Earth Elements (REEs). The United States’ ever increasing dependency on China, has caused the Trump administration to declare this dependency as a national security vulnerability. Other factors include the electric car and technology industry whose engines require a massive amounts of Neodymium magnets. Additionally, the recent rise in interest rates by the Federal Reserve make this commodity investment a good idea. As…

Diversify With Multiple Flags Pt 1

Diversify. We’ve all heard this old time, wise advice on investment portfolios. But most people never think to apply this in their lifestyles and geographic involvements. To the average joe, offshore banking is something for the rich and criminal, and learning a new language is hard — after all everyone speaks English right? Whether it’s to mitigate risk, or to spice up your life, associating yourself with multiple countries is…

The Abundance Mindset : Become Wealthy

The Way To “Become Wealthy” and Wealth Attraction. Becoming Wealthy doesn’t happen without thinking about it first. Value and wealth doesn’t come without the proper mindset. Wealth doesn’t materialize without having the proper intentions and actions. Many people wish to become rich and successful, but how many of them spend their waking hours consistently thinking about how to get there? Some may get lucky into financial abundance, but rarely does…

Lies About Making Money : Don’t Listen to the TV

Saving Money Will Make You Rich In my previous post, I talked about Budgeting Time with as much rigor as you would watch your Money. This post will be about Making and Saving Money. Budgeting will allow you to live an organized and well managed lifestyle, but it will not make you rich. There is so much BULLSHIT on T.V. , written in books, and recorded in Youtube videos, telling…

Manage Time Like You Budget Your Money

It’s Not all About Your Net Worth According to the World Happiness Report, moving to a richer country won’t make you happier. Look at the big man Warren Buffett worth 87.8 billion, he agrees that owning more isn’t the key to happiness. He admitted to enjoying days where he had a small fraction of his current net worth. The first lesson of money, finances, and purpose is to realize this…

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