Investing Archives • Page 4 of 4 • Bitches Get Riches

Status Symbols Are Pointless and Dumb

November 21, 2016May 27, 2022 Jess Fickett ("Piggy") 11 Comments

You guys. I just learned about a thing so utterly ridiculous it defies belief: investment purses.

What is this mysterious and logic-defying item? Well, according to the Interwebz, it’s a grossly overpriced handbag. It gets to be grossly overpriced because a famous designer’s name is plastered all over it. And it’s called an “investment purse” because you buy it with all the money you’re not investing in your future financial well-being. I’m assuming. Because what else could possibly be the explanation?

An investment purse, as it is so loftily known, is similar to a luxury car or a gold-plated Rolex watch. In other words: it’s a status symbol, a way of keeping up with the Joneses.

And status symbols, my beautiful, badass, budgeting butterflies, are fucking dumb as shit.

I Read a Book About Warren Buffett. Here’s What I Learned.

November 7, 2016May 27, 2022 Jess Fickett ("Piggy") 5 Comments

So I read The Snowball by Alice Schroeder. It’s an absurdly long, absurdly detailed book about one of the most famously wealthy people in the world: Warren Buffett. Notorious for his frugal ways and uncanny ability to predict the future of the stock market (no seriously), Buffett’s name has become synonymous with financial success. Which is why I read the book.

I wanted to see if the Wizard of Omaha (I know—not nearly as sexy as the Wolf of Wall Street) had anything to teach me about making lots of money.

I Paid off My Student Loans. Now What?

August 22, 2016May 27, 2022 Jess Fickett ("Piggy") 4 Comments

After spending over a year scrambling to put every extra dollar I could find into my student loans, I’ve paid them all off almost five years ahead of schedule. I’m now in the enviable position of having a big chunk of extra money every month. It literally feels like I just got a massive raise. So what do I do with it?

Building a Scrooge McDuckian money vault is far too gauche. And besides, I want to use this money to improve my financial position in the fastest, most badass way possible (with badass defined as “most profitable in the long-term”). There’s no shortage of options.