Investing

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Happy 2nd Birthday Summit of Coin!

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Happy 2nd Birthday Summit of Coin!

I recall my journey to launching Summit of Coin. It was December 2014 and I was listening to a podcast. The podcast was an interview of Mr. Money Mustache. This sent me down a journey of reading every article that MMM had written and peaked my interest in writing a blog detailing our journey to financial independence or as I like to call the Financial Summit. Being a teacher, I waited until summer to prep ten articles for the blog and develop the website. After a month of prep, I officially launched this blog on July 13, 2015. 

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Why Does the Stock Market Go Up Over Time?

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Why Does the Stock Market Go Up Over Time?

Earlier this week, I was listening to a podcast and the conversation on the podcast got me thinking. I have heard a certain statement time and time again. I have heard it from my pastor, my father and even the people I listen to on podcasts. They all have stated at one point: "The stock market is at its highest value in history." A lot of times this is said with the idea that the value of the stock market is a bad thing. And I will admit, there is no guarantee in the value of the stock market. It flucuates over time and it will go down, but will the fall be that bad?

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Investing Tools for College: The 529

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Investing Tools for College: The 529

Last month, I wrote about how parents always want the best for their kids and will do anything to help them succeed. During that article, I discussed that some parents will even go into debt and take out a second mortgage to help pay for their kids college. Instead of doing this, I suggested saving for college when the children are young and allowing the money to grow. This will give the parents money for college and they won't have to take out any loans.