20s Money

As you enjoy your weekend, just wanted to give you a heads up on next week here at 20s Money.  Next week is China week!  With the Olympics going on, China is all the rage, and when it comes to investing and making money, there is lots to discuss regarding China.

Next week, we’ll take a look at the Chinese currency and ways to make money in China including individual stocks I’m looking at.  It is extremely important to have China on your radar.  They are too big and too important to not pay attention to.  For 20-something investors, with 30, 40, 50 years and more of investing ahead of us, China may be your most important focus.

Stay tuned next week for articles each day on China!

Popularity: 2% [?]

One blogging strategy that I have really been researching and busy implementing is leveraging an email subscription list. Most blogs will use an email list to simply send the regular blog content to subscribers. This is not what I am promoting here. I believe that a blog should use an email list for a specific purpose different than a regular blog visitor. Let the subscriber continue to visit the website for the typical blog content, you should email them highly specific, highly targeted material to both engage your subscribers and most importantly, make you money.

Popularity: 3% [?]

The financial health of so many people today is extremely poor. Unfortunately, we live in a country where instant gratification takes priority over financial well being. Today, I’m going to talk about a tool that can help you figure out the status of your financial health.

Popularity: 3% [?]

One of my favorite things to talk about on this site is the idea of pursuing income streams. It is my position that my generation is living and pursuing success in a unique era. Because of this unique environment, the goals we pursue look different and the means in which we pursue them are also different.

For example, when it comes to retirement, I believe my generation should pursue income streams over a retirement ‘number’. When it comes to personal finance, budgeting and saving can only do so much. Furthermore, when it comes to real estate, the rules are different also.

When it comes to income, 20-somethings should not focus on a single, salary-based income. Fortunately, the changing environment that necessitates this unique focus also comes with unique opportunities to achieve multiple income streams. I call this my 21st century income strategy.

Popularity: 4% [?]

Personal finance concepts such as budgeting are lauded as the way to achieve wealth or the way to get rich. Thousands of personal finance blogs hope you will read their content in your pursuit of wealth. Experts like Suzie Orman try to sell you advice on TV and through books hoping you’ll buy into the idea that managing your money better will make you rich. Well, I’m here to disagree and to tell you that mastering personal finance concepts such as saving and budgeting will not result in you being rich. That’s not to say that these concepts do not play a factor in your pursuit of wealth. I’m going to explain why personal finance won’t make you rich and discuss the right way to view these concepts, especially in your 20s.

Popularity: 6% [?]

There are many things to consider and many skills to learn when it comes to the idea of building wealth in your life time. Anyone will tell you that as a 20-something, you are at a huge advantage if you start early. The idea of “starting early” is drilled into your head. What exactly does it mean to “start early”? Should you start picking stocks? Join a 401(k)? I think it’s even simpler. You need to learn how to save. Here is the easiest way to start early.

Popularity: 8% [?]

Well, I had my best month ever here at 20s Money and while I’m still a ways off from my $500 monthly goal, it is exciting to make progress in my pursuit to create a second income and make money online . In July 2008, 20s Money earned $173.78. For a complete breakdown of the income from blogging, continue reading.

Popularity: 8% [?]

Today, I added to my Chesapeake Energy (CHK) position.  I picked up shares at $50.71 each.  Love the company, love natural gas, love the CEO, and I think it is at a good buying level.

Did you know you can see my complete portfolio on Covestor? Click here to check it out and track my performance!

Popularity: 9% [?]