Welcome to Money Smart Guides!

Overwhelmed by debt? Want to make investing a breeze? The goal of this site is to help you get out of debt and start investing for your future. If you are unsure where to start, click here to begin. I will break everything down for you in small, obtainable steps so that you can take control of your finances once and for all.

binary optionsI know that when it comes to investing, I am as boring as it gets. I follow a buy and hold strategy that has worked out very well for myself since I began investing. Heck, I even detail to readers about how to become a stock market millionaire. But lately I’ve been hearing more and more about binary options. What the heck are binary options you ask? That’s the question I asked and did some research. The following is what I found out about them and whether or not I plan to introduce them into my investing strategy.

Binary Options Explained

In a nutshell, binary options are bets on where a trader thinks a stock or commodity will be trading at. I’ll give an example to make it clear: Let’s say I offer you a scenario that says Tesla stock will be higher than $300 per share at 3pm today. With this bet, I am promising an 80% payout rate.

If you choose to buy into this contract for $100 and are correct (that Tesla is trading above $300 at 3pm today), you make $180. This is the $100 you bet plus the 80% payout that I promised. If the payout I promised was 90%, then you would walk away with $190 if you were correct.
[Continue Reading…]

8 comments

keys

Home or Apartment?: Choosing The Right One For Your Budget & Lifestyle

The media often portrays home ownership as part of the American dream. A man’s home is his castle, after all. However, purchasing a home is a big decision, and families considering it should think it all the way through before they sign that mortgage agreement. In some cases, renting an apartment is the wiser choice. Before you make your next move, consider the following factors. Deciding Between Renting And Owning Cost of the Keys Keys are such little things, but […]Read the full article...

round table

The Round Table – August 17, 2014

We’re back for another exciting edition of The Round Table. It took a few weeks off because, well, my summer has been busy as heck! Unfortunately (depending on how you look at it) the busyness doesn’t stop until September, just to pick back up again! Anyways, the summer overall is going great. I’m just sad to see that August is already halfway over…Fall is right around the corner. One last note, The Plutus Awards have started. For those who do […]Read the full article...

video conferencing

Business Communications Made Easy With Video Conferencing

More and more businesses are investing in multi-purpose room video systems. A survey shows that video conferencing systems are the biggest source of revenue among video solutions enterprises. Videophone sales are also the fastest growing segment of the market, according to Infonetics’ last quarter report for 2013. There is a noticeably higher demand for video capabilities, and competition is strict among providers. In 2013, shipments of videophones were double from the previous year and unit sales were over one million. […]Read the full article...

debt collector

5 Things Your Debt Collector Doesn’t Want You to Know

Owing money that you are unable to repay on time is bad enough; being hounded by a debt collector can be a lot worse. Debt collectors use all sorts of tactics, including threats of physical violence, to make you cough up the money you owe. They are in it to make as much money as they can in the shortest time possible and often take advantage of a debtor’s naivety and lack of basic knowledge about their rights. Here are […]Read the full article...

mutual fund basics

Mutual Fund Basics

Mutual funds have a long and storied history. In this post, I am going to give you a breakdown of mutual fund basics. Everything you really need to know about mutual funds is below. For the most part, I will touch on many areas and at times, will link to more in-depth posts that I have written about specific topics about mutual funds. So let’s get started on learning mutual fund basics. Mutual Fund Basics What Is A Mutual Fund […]Read the full article...

pulling hair out

Why The Eff Is Health Insurance So Complicated?

Yup, today’s post is going to be a mini rant on health insurance. To fully understand why I’m mad, it’s important to know the back story. Before my wife and I got married, we each had our own health coverage from our employers. Both were high deductible plans with an HSA. All was great in healthcare land. Then, I was laid off. No worries because the severance package I received carried my insurance up to a few days before our […]Read the full article...

caution mutual funds

Disadvantages Of Mutual Funds

I recently wrote about the advantages of mutual funds. Today I am going to talk to you about the disadvantages of mutual funds. As with anything in life, there are good things and bad things about mutual funds. It’s important to know and understand the downsides to mutual funds so that you can make the best decision for you and your money. Here are the main disadvantages of mutual funds and what you need to consider before investing in them. […]Read the full article...

notebook and pen

How To Make Money As A Writer

Working as a writer, you’ll need to have a strong work ethic. This is not a career that has a salary attached to it unless you find a position with regular hours and is a traditional office setting. It takes hard work to establish yourself and you must be willing to wheel and deal a bit to land gigs and long term clients. It takes hard work, dedication and long hours to remain financially stable in this industry. Below are […]Read the full article...

employees

7 Reasons Your Best Employees Are Looking For Another Job

Keeping your business running smoothly and in the black involves skillfully managing, respecting and properly utilizing the people who work for you, and that reality is true whether your company employs four people or 4,000. From hiring the right types of people to making sure you have the right person in the right job, keeping good employees happy and productive is one-part art and one-part science, and good managers work hard at both. Unfortunately, it’s easy for good employees to […]Read the full article...