Redefined Finance

Coming soon…

The following is a guest post written by Good Nelly. Enjoy! Taking on a lot of debt is a huge commitment. It takes a lot of hard work and dedication to win over the debt battle. So, when you claim

Introduction Throughout business school, we have touched on multiple aspects involving markets, the economy, and business worldwide. One of the main and more important takeaways is the fact that technology is growing at an exponential rate more so now than

Introduction On automating finances; ”the one step that virtually guarantees that you won’t fail financially…you’ll never be tempted to skip on savings because you won’t even see the money going directly from your paycheck to your savings account” David Bach –

Introduction In business school, I had the pleasure of taking Corporate Governance instructed by probably my favorite professor at Johns Hopkins. Sound corporate governance is absolutely essential for the value of the firm and for protecting investors. The concept can

Introduction “The single most powerful asset we all have is our mind. If it is trained well, it can create enormous wealth in what seems to be an instant. – Robert Kiyosaki Initially, I was going to include a quote

Introduction “An investment in knowledge pays the best interest” – Benjamin Franklin In order to become wealthy, one must understand that earning money alone will not get you there. An individual must learn how to invest. When investing, an individual

Introduction If there could only be one thing that determines whether or not an individual is going to be wealthy or not…it would be Commitment. Commitment can be defined as the state or quality of being dedicated to a cause,

“It’s not how much money you make, but how much money you keep, how hard it works for you, and how many generations you keep it for.”- Robert Kiyosaki. This may seem like an unusual quote to initiate a post

Introduction “The difference between successful people and really successful people is that really successful people say no to almost everything.” – Warren Buffett. What I think Warren is implying here relates to various opportunities as they arise. He advocates that

Introduction Immediately upon graduation from college, my mindset was to get a job with a nice salary. At that point in time, I only thought that your earned income or your salary is the only thing that matters when it

Introduction The finance industry is extremely complex. It is demanding, complicated, competitive, and unforgiving. The market for securities (stocks & bonds) is volatile and full of intangible variables that alter its swings from up to down. However, personal finance is

Introduction If you have aspirations to truly build wealth, I certainly hope you can afford to do it without the bling. Building wealth and becoming wealthy is hard. It is a lifelong endeavor. It is a constant process of saving

Introduction I had one of those moments. You know…one of those “AH-HA” moments when I was trying to think about personal finance and my spending habits. Here it is…”I need to treat my personal finances like a world class business

Introduction In business school, we often examine four financial statements to give us an overview of the financial health and conditions of a business. These four statements are income statement, balance sheet, statement of cash flows, and statement of retained

Introduction You know those people who say…”Is now the right time to get into the market?” or “The market is at its peak right now, I’m going to wait until the market comes back down?”. If you don’t know these

Introduction Many finance professionals consider this to be the golden rule of personal finance. Personally, I swear by it. Paying yourself first implies that savings are automatically transferred to your personal accounts upon receipt of the monetary amount (cash). In

Introduction Traditional thinking influences individuals to buy a house because we see spending money on rent as a waste of money. I’ll admit I thought this way when I was just getting out of college because it is traditional wisdom.

Introduction In today’s ever changing business climate, developing multiple strong sources of cash flow has become a necessity. In other words, having several sources of income is imperative to surviving and thriving. It is the difference between sitting in an

Introduction Before we get into it…let’s define both Active and Passive (index) investing strategies. Active management utilizes the human element which would potentially include a single manager, co-managers or a group of managers actively managing a fund’s portfolio in attempts