Personal Finance Week 34: Five Financial Mistakes

*I am not a financial advisor. This is not financial advice. Between the crazy inflation we're seeing and all the different ways to waste money nowadays, it can be tough to keep what you earn. In this essay, I'll briefly go through five common mistakes that people make when it comes to finances. Mistake #1: …

Personal Finance Week 29: How I Would Invest One Million Dollars

If someone gave me one million dollars to invest over the next ten years, I would put the money into about 20 different investments, including various stocks, cryptocurrencies, and real life materials. Of course, the proportions and even the stocks themselves would be different depending on the time I got the money, but if it …

Personal Finance Week 28: Five General Investing Tips

*I am not a financial advisor. This is not financial advise. So you've decided to become an investor? Excellent choice! Your parents may have told you to save your money. But did you know that you used to be able to buy a full meal for under 5 cents? If you just saved that, today, …

Personal Finance Week 27: How my Life Plans have Changed Over the Last 6 Months

Over the last few months, my life plans have changed a lot. Before, all I knew was that I wanted to have enough money saved up early and invest as my main source of income (I've been investing since I was about 7). However, unless I'm able to get enough money saved up before I …

Personal Finance Week 22: After High School

During high school, I will earn college credits through the Ron Paul Curriculum and CLEP. I would prefer to be done with school before 18, but I will definitely not continue past 19. After high school, I want to be done with my education and move on to developing some entrepreneurial ideas and putting them …

Personal Finance Week 21: Old Cars vs. New Cars

Most people think that vehicles have changed a lot over the years. But especially in this case, we really can't judge these books by their covers. Older vehicles can actually be better (or just as good) than newer ones in many ways. My family has been driving around in a van older than I am, …

Personal Finance Week 20: A Fully Upgraded Cybertruck (and Charging!) for Under $25,000

If you haven't seen the cybertruck yet, you should. It's pretty cool: tesla.com/cybertruck Also, last week's essay was about some of the things I especially like about it: elijahlefavourblog.wordpress.com/personal-finance-week-19-the-cybertruck/ Here is the plan I've been working on to save up $120,000 in less than 5 years. This will be enough to completely pay for a …

Personal Finance Week 19: The Cybertruck

When choosing a car, you have to think over every detail. For myself, I want something that I will be able to use for any occasion. I want something that will be safe, durable, luxurious, fun, and very useful. I plan on using this vehicle for camping, road trips, and every day tasks. This is …

Personal Finance Week 16: LLCs

When starting a business you know will grow into something with multiple members and many employees, it can be hard to decide what type of organization or company you want it to be. There are so many different types of businesses out there, including sole proprietorships, corporations, non-profits, Limited Liability Companies (LLCs), and partnerships (plus …

Personal Finance Week 13: My Small Business

This week of personal finance was dedicated to entrepreneurship and a few basic ideas for small businesses. Blogging, YouTube, eBay, gardening, baking, crafts, babysitting, pet care, and lawn maintenance were all briefly covered. The assignment was to write about an idea for a small business I could run. But because I already have a small …