Blog Profiles: Finance and Investment Blogs
Welcome to Blog Profiles! Each week, we select a topic and a handful of blogs that do a great job contributing to the conversation. This week is all about finance and investment blogs. Do you have a blog that deserves recognition? Tweet our writers at @BeyondBylines.
I don’t know about you but saving as a millennial seems to be a common hurdle to overcome. From personal experience, I know that it’s not that I don’t want to save but when it comes to putting away some money, it can become difficult with the increasing cost of living and stagnant wages.
Having read all the books and articles and having listened to endless podcasts, I can say that it can all become too much. It’s daunting when it seems like you need a large amount of money to even start making money.
An interesting piece of information I came across as I wrote this post said, “the net worth of the average American millennial is less than $8,000, according to one Deloitte study.” This isn’t a surprise to many millennials and it makes the whole idea of being able to retire one day seem a distant and unattainable dream.
The truth is that there are millennials who have figured out ways to start putting money away in small amounts with positive results. I hope to be able to highlight some resources and tips on how to save and possibly even invest as we move through this list. Keep in mind that these are merely resources and remember that wealth is relative.
1. The Belle Curve
The Belle Curve blog is written by Blair duQuesnay, an investment advisor based out of New Orleans. She’s a well-established source for consistent information on how to save or invest. Not only that, she has a weekly post called “This Week In Women” where she highlights major achievements from the past week by powerful women.
Going to The Belle Curve blog brings me incredible joy as I know I’m going to get solid advice from a fellow millennial that’s out there hustling on a daily basis. She has been published in the New York Times, is active in her community, and has a family. This highly productive and intelligent individual can guide you to success via her blog or even services.
Here are a couple great reads: How to make millions in Bitcoin and This Week In Women.
Follow @BlaireHduQuesnay on Twitter.
This week, I witnessed the craziest thing I’ve ever seen in the stock market. A merry band of traders, congregating on the popular internet message board, Reddit, successfully pulled off a massive short squeeze on shares of retailer GameStop $GMEhttps://t.co/HgNAYYdTpv
— Blair H duQuesnay (@BlairHduQuesnay) January 28, 2021
2. The Penny Hoarder
If you’re anything like me, you’ve lived from paycheck to paycheck for far too long. Millennials tend to have all the pressures of success and spending combined with an unstable economy and stagnant wages. So when you pair all of that with the looming pressure to one day retire, it begins to feel like an impossible task.
I’ve resigned to the fact that I may never retire and many millennials feel the same way. But that doesn’t mean that you shouldn’t try, right? The Penny Hoarder blog guides you down the path to saving by taking small steps on a daily basis.
The Penny Hoarder makes these daunting goals feel attainable by laying out realistic short term goals in order to achieve that major long term one of sitting on a beach somewhere in the South Pacific while drinking a Mai Tai at the age of 65.
A couple relevant reads: 25 Painless Ways to Save Money When Your Paycheck Is Already Stretched Thin and How to Pay off Credit Card Debt When You Have No Idea Where to Start.
Follow @thepennyhoarder on Twitter.
This should help. https://t.co/LqhVl8ITNg
— The Penny Hoarder (@thepennyhoarder) January 26, 2021
3. The Motley Fool
The Motley Fool is one of the more popular blogs out there. Just this week a friend of mine was posting on a social media platform that she was informed by MF to invest in a certain stock. This is someone in real estate who has tons of financial and business acumen and consistently visits this site.
The Motley Fool will break down what to invest in and how to do it. It will give you clear cut definitions and works to avoid jargon as much as possible. Think of it as your modern “Investing for Dummies.” The site has a wide range of content, covering investment 101, retirement planning, home buying, credit cards, and more.
I recommend reading How to Invest in Stocks and How to Invest Money.
Follow @themotleyfool on Twitter.
Formula for success:
— The Motley Fool (@themotleyfool) December 2, 2020
– Solve problems (work)
– Delay gratification (save)
– Be optimistic (invest)
– Have a long-term mindset (compound)
4. Robinhood | Learn
If you’d never heard of Robinhood before, no doubt you’re aware of it after the events of last week. The idea of Robinhood is to make investing and trading accessible to everyone. If it weren’t for this platform, I wouldn’t be able to invest in cryptocurrencies — and they cost as much as a brand new Tesla.
The Robinhood Learn page is a great place to start learning how to invest. It gives you the basics and provides a safe space for you to practice. If you want a place to find the definition of each piece of jargon out there around the stock market, this is the place for you.
Check out these posts: The long & short of trading and What can I invest in? An overview of assets.
Follow @Robinhoodapp on Twitter.
New to Robinhood? Our Investing 101 hub has guides for stocks, strategies, and everything in-between. https://t.co/TfXXVq07Nt pic.twitter.com/zTzwYnEqUb
— Robinhood (@RobinhoodApp) January 28, 2021
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Oscar Duran works as Global President of the EMBRACE Employee Resource Group at Cision as well as an Associate Account Executive. Check out his previous posts for Beyond Bylines and connect on Instagram. When he’s not working, Oscar can be found producing content for his podcast, being an advocate for the underprivileged, or traveling.
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