Rubberband Theory - stairway of phi

The Rubber Band Theory

Rubber band Theory - stairway of phiLast month, I downloaded an application Stock Trainer for free from the Google Play Store, using it to attempt to turn a profit day trading using virtual money (so nothing real).  Throughout the month, I had great results - at one point having gained over a 33% return, ending the month with just over an 18% return.  Though on such a short term (and no 3 day wait period after 'sells'), I can't claim that this strategy will always work.  However, after having such good results, I determined it was time to take the play gloves off and try it again - this time with real cash!

Earlier this week, I registered with Robinhood - a fairly new, completely free, real-time stock trader.  (By completely free, I mean no service charge and NO user commission charges which is great!)

Having such a long wait period in between sells (unlike Stock Trainer, which allowed you to make a new buy instantly), I'm sure the way I handle the day trading will change in ways that I cannot currently anticipate.  However, I'm planning on going into it, implementing the strategy that did me so well last month - something I call The Rubber Band Theory.Continue reading

Phi's March 2016 Update - Snowdrop Flower

Phi's March 2016 Update

Phi's March 2016 Update - Snowdrop Flower

This month I'm changing the way I do my monthy reflections.  I've felt something wasn't quite how I wanted it with my monthly updates, but couldn't put my finger on it until today - they lack reference!  I want StairwayOfPhi to be a place where newcomers can use as a tool of reference and having to sort through my articles to pull out and track net worth, liquid assets, income, etc. isn't alright!  From now on, I'll be showing real-time just how quickly wealth really accumulates!

Starting this month, my monthly updates will be a lot more cut-and-dry.  All the work will be done for those who want to analyze my efforts and progress.  Rather than having text updates condensing what's happened in the past 30-ish days, my monthly update articles will have hard figures (visualized in the form of graphs).  In the event of a deviance, I'll give specific explanations as to why my figures grow/shrink/perform unexpectedly.  And, as always, if something doesn't make sense, feel free to leave a comment!

On top of the new mathematical reformat, I will STILL be doing my monthly book reviews.Continue reading

The Game-Changing Retirement Account Clause No One Seems To Know - wallet vice

The Game-Changing Retirement Account Clause No One Seems To Know

The Game-Changing Retiremnt Account Clause No One Seems To Know - wallet viceThe thought of early retirement can seem daunting.  What with every tax-deductible government-sponsored retirement account not allowing you to remove your funds without penalty at 59 and a half and all...  Right?....

Stop right there!  What if I told you there was a way to withdraw your funds from your 401k and IRA earlier than at the age of 59 and a half WITHOUT having any penalties?  By the end of this post, you'll know everything you need to utilize tax-deductible retirement accounts without the fear of punishment when it comes time to withdraw your contributions!  Continue reading

Formula To Wealth - Buddha

The Formula To Wealth - How Long to Attain It?

buddha - formula to wealthWe're here for the same reason - we want to be wealthy.  We want the power to live our lives independently and in control.  For us, money is more than a social symbol - it's just one more way of taking control of our own future!  I've discussed the three rules to acquiring wealth and the misconceptions surrounding income and riches, but even if you're applying everything I've talked about, you still have to wonder, "How will I know when I'm wealthy?"

If you aren't there yet, it might seem daunting to change your lifestyle to one more appropriate with attaining wealth, especially when it isn't really clear how long it will take to achieve that desired wealth - or if it's even worth it!  My goal in today's post is to shed some light on the mystery surrounding the time it takes to attain wealth.  Using the lessons learned from The Millionaire Next Door, I've devised my own series of equations to understand the formula to wealth and determine how long it will take you to attain it!

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February Update 2016 - Almond Flowers

Phi's February 2016 Update

Phi's February 2016 Update - Almond FlowersIt's monthly review time and I'd like to start by saying that this has been the most successful, slam-packed, crazy month I've ever lived!  I knew that for the first half of the month getting things together for the new house would be a time-sink and money-sink, but going into that expectation I was under the impression that the second half would let up on me.  Boy, was I wrong!Continue reading

Three Rules To Be Wealthy - Lamborghini Lambo

Three Rules To Be Wealthy

Three Rules of Wealth - lamborghiniLet me pose a question. What is the sole determination of wealth?

Is a fancy car? A big house? A well-paying job with a high-standing social status? Or is it the dollar sign attached to your bank account?

If you answered "yes" to any of these options, this article is specifically for you! Many would be reluctant to believe that real wealth isn't determined by the amount of stuff you have or the amount you make. And even more have been offended to hear that anyone can obtain wealth regardless of their current financial situation!Continue reading

January Update - Winter Trees

Phi's January 2016 Update - Reading and Review

Originally Posted On January 31, 2016

January Update - Winter TreesAs a part of my New Year's Resolution, I've decided to read one book relating to financial education a month.  This month I was an unstoppable reading robot hell-bent on covering as much ground as possible.  Due to my tenacity, I completed not one, not two, but three financial education books!  Below are the titles and a brief review, as well as my recommendation.Continue reading

Investment to Reward Ratio List - Coin Stack

Simple One-Time High Investment to Reward Ratio List

Originally Posted On January 1, 2016

Investment to Reward Ratio ListIn my last post, I discussed the concept of maximizing your investment to reward ratio and mentioned I'd be posting a list of low commitment, one-time, high investment to reward ratio applications so that you can reap rewards in your daily life without taking away much time to your schedule.  For those eagerly waiting, I've delivered!  This list is subject to change as opportunities come and go.  If any of you know of any other one-time investments that you think should be on this list, let me know and I'll check them out!Continue reading

High Investment to Reward Ratio - Time is Money Clock

Thinking of Dollars Differently - Investment to Reward Ratio

Originally Posted On December 31, 2015

Investment to Reward RatioWhen people dream of being rich, they don't dream of long hours at the office or sacrificing their free time to pursue a business - they picture the sports cars, fancy clubs, and the daily freedom to do whatever they want without the fear of running out of money.  While these fantasies aren't often rationalized, the idea of making money without working (or while doing very little work) seems to appeal to the dreamers.  Myself included!Continue reading