Investi Gator

WORLD’S YOUNGEST BILLIONAIRES

admin — Fri, 11 May 2012 08:13:55 +0000

Dustin Moskovitz is 27 and is Facebook’s third employee. He has a net worth is $3.5 billion but he still bikes to work and flies commercial.

Mark Zuckerberg, Moskovitz’s roommate, is only 8 days older and is a multi-billionaire. The Facebook founder launched the social networking site from his Harvard bedroom in 2004. His net worth is reportedly $17.5 billion.

Albert Von Thurn Und Taxis is 28 and inherited his fortune which is believed to be $1.5 billion.

Scott Duncan is 29 and has a net worth of $4.1 billion. He’s the son of late energy pipeline entrepreneur Dan Duncan.

Eduardo Saverin is 30 and worth $2 billion. He was portrayed in the movie The Social Network as being betrayed by Mark Zuckerberg.

Yang Huiyan is 30 and has a net worth of $4.7 billion. She was once the richest person in China.

Fahd Hariri is 31 and is the youngest son of slain Lebanese Prime Minister Rafic Hariri. His net fortune is worth $1.3 billion.

Sean Parker, 32, was Facebook’s first president and has a net worth of $2.1 billion.

Robert Pera is 34 and worth $1.5 billion. He is an Apple hardware engineer turned wireless networking entrepreneur.

NO ROCKING CHAIRS IN RETIREMENT

admin — Fri, 11 May 2012 08:12:31 +0000

Retirement these days isn’t what it used to be. You work hard for 40 years and you’ve earned the right to sit and relax, do a bit of travelling or spend time with your grandkids. But this is seemingly less of a reality for many people heading into retirement, as they need to find new jobs to supplement their retirement plans.

There are some people who stay working so that they keep their minds sharp and their lives busy and hold on to a feeling of relevance. If you’re working to make extra money then find a job on your own terms and something that is going to fit in with the lifestyle you want to create.

Your endeavour should be flexible and shouldn’t put a strain on you. Look at your hobby for ideas or use the skills from your previous position and consider something like consulting. Web-based work will give you the flexibility to work from home and you get to dictate your hours, just make sure you have enough time to play with your grandkids.

WALKING WALL STREET

admin — Fri, 11 May 2012 08:11:06 +0000

Famous and infamous, the financial district of New York City that’s centred on an eight-block-long street in Lower Manhattan is known as Wall Street. This famous street is home to the New York Stock Exchange and it has become synonymous with the financial markets of the US.

But despite the New York Stock Exchange’s notoriety, it wasn’t the first stock exchange in the US; that right goes to the Philadelphia Stock Exchange in 1790. But the stock market took its first tentative steps in 1792 when 24 stock brokers and merchants signed the Buttonwood Agreement. Since then Wall Street has grown into a symbol of financial and economic power.

With Wall Street in its corner, New York City is one of the world’s most important financial centres. Wall Street is a tourist attraction in its own right but it has a dark side. It has a long history of cheating, lying and stealing and it has an even longer list of bad boys. When these accounts of scandal surface, they are often in glorious detail and show the rather sordid side of Wall Street.

BEST FINANCIAL BLOGS

admin — Fri, 11 May 2012 08:08:37 +0000

According to TIME, the Conscience of a Liberal is the best financial blog of 2011. Paul Krugman is a Nobel Prize Winner and Op-Ed Columnist for The New York Times. He is the recipient of the 2008 Nobel Prize in Economics and is a prolific author, columnist, and blogger, and he teaches economics and international affairs at Princeton University. He’s one of the nation’s most vocal critics but it’s his clear, penetrating blog entries that make science attainable and even fun for normal folks. The Conscience of a Liberal acts as a kind of digital supplement to his twice-weekly Times column, providing expanded coverage and additional insights into the unfolding economic mess.

Here are the other nine to round off the Top 10.

- Felix Salmon

- Marginal Revolution

- Calculated Risk

- Freakonomics

- The Consumerist

- Ezra Klein

- Planet Money

- Zero Hedge

- The Big Picture

PAY YOURSELF FIRST

admin — Fri, 11 May 2012 08:07:10 +0000

There are many important financial lessons to learn but one of the most fundamental is “paying yourself first”. Before you pay your bills or spend any of that money you need to set aside a portion to save. This habit should be one that you learn from an early age so that the idea of paying yourself first is entrenched in your financial psyche.

Make it unproblematic by having the amount deducted automatically before you’ve even noticed. It should be the first payment when you receive your monthly salary. This one simple habit can help you build tremendous wealth. Most people try to save the money left over at the end of the month but looking at it that way makes it feel like it isn’t a priority.

You should be your number one goal and saving money for your future is important and is completely attainable. Paying yourself first is the beginning step to sound financial habits and when you see just how well your savings plan is working, you’ll feel a sense of empowerment.