Personal Finance

Getting from point A to point B in the real world can be quite simple. In the investment world, the roadways are constantly shifting. Changes in interest rates, tax policies, unemployment, fiscal initiatives can represent obstacles and navigating these winding paths can require your very own GPS advice. Words: 494

Top leaders have managed to conquer challenges, shed their shortcomings, and grow both their skills and their net worth. They have made mistakes and learned from them. We wondered what some of the wealthiest CEOs would tell their younger selves, and found 6+2 gems worth passing on.

Don't completely drain your savings. You never know when life will throw a financial emergency at you.

Before you blindly accept any money advice you receive, be sure to do some additional research to find out if the advice is outdated. Here are nine examples of financial tips that may no longer apply.

I'm a take-responsibility-for-your-actions kind of guy, which is why I don't have a problem telling you that most of your financial problems are self-inflicted. If you're constantly lamenting you never have enough money or can't get ahead, well — you're probably sabotaging your own financial progress in one of these 5 ways.

Does the money really make life any more enjoyable? As Bill Gates once said, "A hamburger is still a hamburger, millions in your pocket or not." Read on for our roundup of reasons why you should feel perfectly content to live on Main Street.

Balloon mortgages have some tempting qualities. They come with lower interest rates and, because of this, smaller monthly payments. This can help borrowers get into a pricier home that they might not have been able to afford otherwise but balloon mortgages come with one huge risk: At the end of a set period, borrowers must pay off the remaining balance on these loans in full (the "balloon") and these balances can be quite large. So, how exactly do these mortgages work, and who do they work best for? Let's break it down.

Good decision making is a precursor to excellence. Great investors have this skill and we can see it in the many books about Warren Buffett but it’s not only investors that investors can learn from.

All investors think they are better in their investing than the average investor and such overconfidence can get you into trouble with your finances. It can cause you to take risks you shouldn't, and to ignore information that disagrees with pre-existing biases. It's tough to combat, because most overconfident people are also convinced they are not overconfident!

How well you build your investment portfolio matters like never before. It can mean the difference between a comfortable or a compromised retirement, a debt-free or an indebted college degree.