The Conoco, BP, and Royal Dutch Shell Retirement Plan

I recently got a call out of the blue from someone that I went to Washington & Lee with back in the day. We were good friends during our Freshman year, but we joined separate fraternities, and for whatever reason, we didn’t hang out a whole lot after that.

Anyway, his grandmother just passed away, and he found himself in the verge of clearing almost $32,000 in an inheritance once the estimates fees and whatnot are taken into account.

He decided he wanted to invest the money. That decision alone put him ahead of most 24 year-old men out there.

But, of course, it leads to another far more important question: Invest in what?

That’s what prompted his call to me to discuss possible opportunities. He has a job, but no specific retirement accounts. That prompted me to suggest the following: Create a five-year plan and scale that money into … Read the rest of this article!

Benjamin Franklin Quotes: The Best Fifty

Benjamin Franklin’s classic “The Way to Wealth” and “Poor Richard’s Almanack” contain many fantastic quotes, and I have put together a list of the best fifty from both:

Benjamin Franklin’s quotations have survived for centuries, most likely due to the Founding Father’s ability to convey truths about human nature in short, pithy sayings.
  1. A man without ceremony has need of great merit in its place.
  2. Ambition often spends foolishly what avarice had wickedly collected.
  3. An ill wound, but not an ill name, may be healed.
  4. An old man in a house is a good sign.
  5. An old young man will be a young old man.
  6. As pride increases, fortune declines.
  7. As we must account for every idle word, so we must for every idle silence.
  8. Bargaining has neither friends nor relations.
  9. Be always ashamed to catch thyself idle.
  10. Beware, beware! He’ll cheat without scruple, who can
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Free Mortgage Calculator: Payments, Taxes, and More

Most mortgage calculators only provide you with basic information regarding the home price, down payment, interest rate, and mortgage term. While these are often the most critical aspects of any home purchase, someone looking to calibrate their cost expectations for purchasing a home could grossly underestimate the expected costs as real estate property taxes must also be included in the cost of owning property, and also, homeowner’s insurance is almost an additional cost if you are borrowing to purchase a home.

Further, if you anticipate paying less than 20% on a home, you will also be subject to private mortgage insurance until have 20% equity in your home. These extra factors can almost certainly add several hundred dollars or more to the costs associated with home ownership, and it is important to take them fully into account before making a purchase. With that in mind, I have prepared a free … Read the rest of this article!

How To Be An Intelligent, Wealthy Long-Term Investor

Today, I want to spend a couple minutes talking about a blogger named Darren Rowse, a man whose skill in building a blogging empire I respect immensely. He’s a guy who runs a collection of highly successful blogs, one of which is called If you visit the website and punch in “” into the site estimator, you will see that Darren’s website makes an estimated $26,000 per day, which is translated into $791,000 per month, which gives him a pre-tax income of almost $10,000,000 per year from this website alone (and keep in mind this is just one website that Darren owns).

Most likely, the readers of this site wouldn’t mind reaching a point in life where they make $18 every minute that they stay alive (and it’s really fun when you go to sleep for 8 hours and realize you just made over $8,600. Seriously, every time … Read the rest of this article!

The Easy And Hard Ways To Create Million-Dollar Fortunes

I am friends with a woman whose father is a partner at a law firm in Missouri. I do not talk about her dad’s occupation much, other than the fact that she constantly mentions that her dad works a “ridiculous amount of hours.”

Me, being me, I immediately sought to put some labels and back-of-the-envelope numbers on what I knew, and then I wanted to relate those facts back to business ownership, on a comparison basis.

These are the estimates I came up with:

Although “ridiculous hours” is a vague term, I guessed it to mean something roughly analogous to this:

8 AM-7 PM daily, with an hour for lunch.

6 hours aggregate on the weekend.

48 weeks per year of work.

That means= 10 hours per day for 5 days, plus an extra six spread out over the course of the weekend. In other words, a 56 hour workweek.… Read the rest of this article!