What Tim Ferriss Wishes He Knew About Money In His 20s

by Libby Kane



Tim Ferriss, entrepreneur, public speaker, angel investor and author of the #1 New York Times bestseller "The 4-Hour Workweek", has shared some important personal finance advice with us.

When he was asked about what he wishes he'd known about money in his 20s, he said:

"In your 20s, optimize for learning, not earning.  Work directly under or with master deal-makers, and acquire skills.  This is particularly true for negotiating and hard skills like coding."

"What would you rather have: $20,000 more per year in your 20s, leading to making $100,000 to $200,000 a year in your 30s, or a lower-paying job from 20-25 - but one like a real-world MBA you're paid for - leading to making million in your 30s?"

"It often comes down to prioritizing skill acquisition over immediate post-college earning.  McKinsey or Goldman can be seductive, but it's easy to get trapped in a 20-plus-year path of paying for a bloated lifestyle that is always a bit more expensive than the year before.  Serfs can become self-made kings, but consultants tend to remain consultants.  The one true job security is a superior skill set."

Want to find out what other successful people wish they'd known about money in their 20s? read more

Seven Smart Investments You Can Make With Just $25 A Week

by Libby Kane

Even if you only have $25 a week, you can still make your money work for you.

How? Over on Quora, a user asked the community what they would recommend he do with his limited cash, and they were full of ideas.

Here are our favorite answers:

How to Invest Like A Rich Guy

by Paul Merriman

From time to time over the years I've been invited to talk to high-school students about financial matters. I always enjoy this opportunity to learn from them and - I hope - teach them some important things.

One question I often ask is:

"Would you rather invest like a rich person or a poor person?"

Of course they always choose the first option.

I use this question to introduce a couple of important concepts: Mutual funds versus individual stocks and index funds versus actively managed ones. High-school students, most of whom have little or no exposure to investments, have no trouble comprehending that a wealthy investor will own thousands of stocks, while a poor one might own only a few.

My point: Buy a handful of individual stocks, and you will be following the poor person's example. On the other hand, if you buy mutual funds - especially index funds - you will be investing like the rich investor.

As it turns out, the divide between poor investors and rich ones is deeper than I had thought.

A recent article published at TheWeek.com summed it up this way: "Rich people prefer productive companies while the poor prefer gold. That's bad news."

Five Habits of the Very Best Investors

by Paul Merriman - MarketWatch

Most investors spend most of their time and energy thinking about what they can get from their investments. That makes perfect sense. 

But there's more than that to investment success.

A few investors are lucky enough to be successful primarily because they were born into wealth and abundance. But the vast majority of us have to rely on hard work and … what else?

If you can put your finger on that elusive "what else" factor that leads to success, you can change your life — and your family's life — for the better. So what is it?

As I researched my 2011 book "Financial Fitness Forever," I posed exactly that question in a series of extended interviews with nine seasoned investment advisers I respect and admire.

One thing that emerged was deceptively simple. Aristotle said it this way: "We are what we repeatedly do. Excellence comes not from our actions but from our habits."

Again and again these nine advisers identified some key habits that seemed to be ingrained in the most successful people among the thousands of clients they have worked with. Pretty soon we realized that successful investors' most effective "secrets of success" were neither secret nor mysterious.

How to Get Bitcoins for Free

If you're looking to earn some free bitcoins, you came to the right place.

STEP ONE:  if you don't have one, open a bitcoin wallet with Coinbase


STEP TWO:  each of the sites below allow you to earn free bitcoins

Bit Visitor - Bit Visitor pays you bitcoin for visiting websites.  Bitvisitor shows you each website for 5 minutes (during which time you can check out the site), and pays you for each site you visit.  Between sites, you're required to enter a captcha.

Bitcoin 4 You - This is another site viewing service, through which you visit sites for 3 minutes at a time, and receive a small amount of bitcoin for each website view.

Earn Free Bitcoins - Like Bit Visitor, Earn Free Bitcoins pays you bitcoin for visiting websites.

BitcoinGet - The easiest way get free Bitcoins.  Earn Bitcoins for watching videos and completing simple tasks.

Got another site you think would make a good addition to this list? Please let us know.