Forex is one of the dumbest things you can do with your time or money.

“Playing Forex can appear alluring, but the majority of people who try it lose money. All you have to do is do a web search on the words “Forex” and “lose” to see this is the consensus.

Forex is what we call a “zero sum” game. You are making a bet with someone else about whether a currency will rise or fall. For every winner there has to be a loser. If you are smarter than the average player, you may make money. If you are dumber than the average player, you are likely to lose money. Most of the people making the “bets” in Forex are highly trained professionals at banks and other institutions. You are unlikely to beat them at this game.

Actually Forex is not quite a zero sum game. It’s a slightly negative sum game as the Forex broker takes a small percentage each time in the spread. It’s a small amount but over a hundred trades, it ends up being a considerable amount of money. So the average player is likely to lose money, and remember the average player is a highly trained professional and probably smarter than you.

There is a lot of luck in Forex, and if you play it, you will have some periods of time where you make money. This is usually because you are having a lucky streak, not because you have suddenly become an expert Forex player. However, most people are unwilling to admit their success is due to luck. They become convinced they have a system that works, and lose a lot of money trying to refine it.

Further complicating the problem is the large number of Forex scams on the internet. Most Forex websites are of questionable honesty. You will find many people on the Internet that claim they made a lot of money using Forex. They are usually liars trying to make money. They will say: “Go to Forexcrap . com/q2347.” The “q2347” is a signal to the Forexcrap site that you are being referred to them by “q2347.” If they sell something to you, “q2347” gets a kickback. These coded signals can be hidden by different methods in the link. Other people will refer you to their own private website or blog for the purpose of trying to get money off you. Also there are a good number of trolls out there that like to pretend they are successful forex traders just for the fun of it. “


Jamal Johnson

Let me tell you a story about Jamal Johnson.
Jamal had been fortunate enough to have parents that were financially responsible. Those parents made sure to invest consistently from his childhood because one day they knew they wanted to send him to college without the huge burden of student loans.

As Jamal graduated from college and started his career in 1999, his parent’s foresight allowed him, without having student loans hanging over his head, to begin investing a reasonable amount of his post graduate salary.

He only had $4k per year to invest in these early days.

In the November 1999, toward the height of the tech boom, he spent $1,000 on each of the following four stocks he chose at random:



Best Buy
Then in the year 2000 as the tech collapse got into full swing, he saw a bunch of layoffs around him. Those who survived these layoffs were forced to essentially double their workloads overnight to make up for the help from other team members that used to be available.

He noticed himself and all of his co-workers had essentially become caffeine addicts overnight.

He decided to keep investing and spent $1k each on the following 7 stocks:
Yahoo (added to his position)

Microsoft (added to his position)

Sprint (added to his position)

Best Buy (added to his position)

Monster Beverages (new position)

Starbucks (new position)

Keurig (new position)
Life happened and little Jamal Johnson never got around to investing anything else. But since he was debt free, he never had to touch his investments in an emergency.
Fast forward to 2016, his holdings looked like this:
Yahoo ($2,249.36)

Microsoft ($1,659.81)

Sprint ($225.65)

Best Buy ($3,078.67)

Monster Beverages ($616,347.81)

Starbucks ($4,545.21)

Keurig ($77,689.18)
Amount spent in 1999 = $4k

Amount spent in 2000 = $7k

Total spent for both years = $11k

Total portfolio value in 2016 (not even including dividends) = $709,029.12
And that was on two years of contributions to his portfolio.

You have any idea how many millions his portfolio would have had if he rented and used his cash flow to make the same $7k in investments every year since then?
But never mind all that. Back to your orderly complaining about there are no opportunities for people who look like you.
Investing in publicly traded companies is the most racially agnostic sport you can ever take part in.
Also, its not about “what if I lose all of my money in stocks”. The question is “what if I don’t?”

A company’s stock can only go to zero. It can rise through infinity however.

You only need one winner amongst dozens to make everything else not even matter.
Use ETFs to safely diversify during normal markets and individual stocks in market crashes. 
“the stock market is the only market where things go on sale and customers run out the store”
Be the person running IN the store. 


Now thats a risk vs reward ratio I like to take part in.

The Top 3 Ways to Sell Your Car



So what are the top 3 ways a smart person gets rid of their current car before obtaining a new one?

To find this answer, we will use a hypothetical 2010 Honda Accord LX with 85,000 miles with a TrueCar Market price of $11k.

Path #1: Sell through private party (direct)

The most money you’ll get is from doing the work yourself to list and sell via private party. This is where you can expect to get the $11k market value + or – 5%.

>Best sites to sell private party:,,, 5 Miles app

But alas….most people are too lazy to sell private party and/or to research how to even do it correctly. Therefore that leads us to…

Path #2: Sell through private party (indirect)

There are new services coming online every year that are bridging the gap between your laziness and their know how. These sites are set up to do the heavy lifting of selling private party, for a fee of course.

> Best site hands down is

For instance, on a Honda Accord with a market value of $11k, you will get a Shift guaranteed quote for $9,500. Though the guaranteed quote of $9,500 is what you will make from the car regardless of what it ends up being sold to someone for, Shift will attempt to sell it at that $11k market and split the difference with you for how much over the guaranteed price that they can sell it for.

You can check out reviews on how this generally works here:

Note that is currently available in Los Angeles, Orange County, Sacramento, San Diego, San Francisco & Washington, D.C.

Side-note: for buyers of cars through, you have 5 days or 200 miles to return it with no questions asked too. (But never buy a car from the same place you sold yours to.)

Path #3: CarMax

> Know that your local CarMax should always be a last result. Where a trade in offer may give you $4,500, CarMax buys at wholesoale and will give you about $6,500 for your Honda Accord.

You should also know the two golden rules of CarMax: 1. there are locations with appraisers who are more generous than others. For instance, in California, the Burbank CarMax gives much higher purchase quotes than the LAX location. 2. You are never ever to buy a regular car from Car Max. They are overpriced AF. Which of course they are, they’re paying you more than a typical dealer, so they’re going to inflate the car price on the back end as well.

But what you never ever ever want to do is trade in your car at any dealership for a new one. Wrote a song about it, like to hear it hear it go:

**Bonus option**: don’t sell it at all and use it to generate income from For those who are interested in giving Turo a spin, use my code to receive $25 for a free car rental:

Learn more about cars in general by reading the book:

Refund Advance Checks

This year’s TIWYB #1 Tax Tip:
Stay away from “RAC”s!
Marketing of “Refund Advance Checks” will be at an all time high. And equally at an all time high? The number of people who think these products are 0% loans without any fees or penalties.

The truth is buried in the fine print. You generally will be pushed into opening up a separate account where the tax refund anticipation check will be deposited into. The fee just for that deposit is $35.
If you elect to place that amount on a card that the issuer provides you, then you are dealing with a host of other fees such as $3 ATM use charges (one charge on the front end and another on the back end), fees simply to check balances and more.
These “advances” are provided in an amount of $500, $750 or $1,250 amounts to your account which triggers at minimum, the $35 fee for deposit. The account then deducts the advance from the tax refund that is forwarded to the account as well, generally within a month. 
If you take a $1,250 amount and apply a $35 fee payable for a month of using that money, you’re looking at an annualized amount of 40% interest.
But it gets worse. Maybe I shouldn’t tell you this but if you opted for the lower $500 amount, you’re still going to have to pay that $35 fee. Mathematically that equates to an 85% APR on that money.
Refund Anticipation LOANS have been made illegal. But they have been replaced by Refund Anticipation CHECKs. The latter is what we’ve been discussing here.
You’re still getting screwed, but now you you are forced to open an account that makes you a candidate for a list of ongoing fees when you inevitably slip up with use of that account.
And the reason they know they can screw you is because the IRS just notified everyone that those who claim the Earned income Tax Credit as well as the Additional Child Tax Credit will likely have their tax returns held unprocessed until February 15th. This means that many won’t be receiving their refunds until February 27th at the earliest this year.
But at the end of the day, just look at all the complaints about the H&R Block version of this here:
This has to stop.