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About Allen Francis

Allen Francis was an academic advisor, librarian, and college adjunct for many years with no money, no financial literacy, and no responsibility when he had money. To him, the phrase “personal finance,” contains the power that anyone has to grow their own wealth. Allen is an advocate of best personal financial practices including focusing on your needs instead of your wants, asking for help when you need it, saving and investing in your own small business.

How Much Interest Will I Earn on $1 Million?

By |September 29th, 2023|Categories: Blog|Tags: , |

How much money you have does not matter as much as what you do with it strategically and financially. The point is that context is everything. For example, if you had a million dollars, the general wisdom is to never touch the principal and just live off the interest. Is it that simple? How much interest will I earn on

Seth Klarman’s Margin of Safety – A Collectors Item Worth Having

By |September 28th, 2023|Categories: Personal Finance Tips, Stock Market|Tags: , |

One name from the investment world that you should know about is Seth Klarman. Klarman is a reclusive hedge fund manager and investor. In 1991, Klarman managed over $400 million in assets. Klarman is now the CEO and president of the Baupost investment firm, headquartered in Boston. Baupost manages over $27 billion in assets. Klarman himself is estimated to have

How Much Does $1 Million Weigh?

By |September 24th, 2023|Categories: General Personal Finance, Personal Finance Tips|Tags: , |

Did you know that most of the money in the world is intangible? Most of the money in the world exists only in digital ledgers and/or is created through interest and debt generation. Technically, there is about $80 trillion in the world. Only about $37 trillion is, “tangible,” in the form of coins and bills. If you count cryptocurrencies, derivatives,

Wealth Management: PAW vs UAW

By |September 18th, 2023|Categories: Personal Finance Tips|

Do you want to become rich one day, or do you only ever aspire to talk about becoming rich one day? Some things are easier said than done, but we usually get what we want from life exactly what we put into it. Money is a tool, a mindset that one should use to ensure more options in life. Treat

Review: The Millionaire Next Door (Updated)

By |September 17th, 2023|Categories: General Personal Finance, Personal Finance Tips|Tags: , |

What comes to mind when you hear the word, “millionaire?” Do you think of working-class people vying to win $1 million on a game show? Or, of rich people in mansions breaking open Faberge eggs for breakfast? Well, achieving wealth isn’t about money, its about your mindset regarding money. That is the point of the 1997 book The Millionaire Next

Lenovo ThinkPad X1 Carbon Gen 10 Review: A Comprehensive Look

By |September 13th, 2023|Categories: Personal Finance Tips|Tags: |

(Image courtesy Amazon) The Gen 10 version is durable, lightweight, has a powerful processing system, and is optimal for use by budding entrepreneurs interested in investing, video editing, and earning passive income via bandwidth renting. And even though the high-end version of the machine can cost between $1,800 and up to $2,500, the Lenovo ThinkPad X1 Carbon Gen