Moneymonk

Growing my net worth and thinking of how to get ahead

Entries for October, 2007

The problem I have with a 401k plan

You cannot access it until you have gray hair basically. I do not care too much for them. Don’t get me wrong I participate because of the match. But I put more money in my Roth IRA or other paper assets. Having $60,000 sitting around in a 401k, does not serve any good when you [...]

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Looking at Brazil….my next investment

I am researching my next International sector: I like both Brazil and Japan. I am leaning more to Brazil. Both have extreme growth. Japan seems to be the next China for as wealth. However, Japan is cheaper to own at 0.54% than Brazil at 0.70% Still researching……

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It Depends

….that is the answer to most personal finance questions. + Should I buy a house or rent? …it depends + Should I get out of debt quickly or invest in my 401k? …it depends + Is it better to save my money in a savings account or a mutual fund? …it depends It all depends [...]

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People that flash their money in public..my Rant

I do not flash big money in public, (I’m not a rookie rapper) I feel it becomes a little tacky. When you are in public and have a $1,000 of $20s in your pocket, it becomes comical. I have seen this before. I was about 21 yrs old standing in line at Taco Bell. This [...]

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Friday Money Quote

Rich people collect landPoor people collect bills-T. Harv Eker, Secrets of the Millionaire Mind Hmmm, what’s wrong with this quote? It seems as if you have to be in Real Estate to become rich. I partially agree. There are other ways to become rich. Investing, or starting a business are also ways. I think it [...]

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This blog is a list of ideas and thoughts that I suggest about finances. Please consult with a Financial Professional for any advice or information