Heroic Investing Blog
Niche marketing for the emergency professional
We recently discussed the possibility of funding your pension with internet marketing endeavors, but we left something out - a basic truth in online business that should not be neglected. In short, niche marketing is a much more likely route to success than any other kind.
The concept to internalize...
First responder training doesn’t prepare you for wealth management
You know how to manage the aftermath of a car wreck, a building in flames with people trapped inside, and fleeing felons, but when it comes to the wealth management of your retirement portfolio, it feels like you have three left thumbs and can't decide which way is up. It wouldn't be so bad if none of...
A first responder meets internet marketing
When your entire career has been devoted to saving others, it's sometimes hard to turn the light of introspection on yourself and think about your own survival for a change. We're not talking life or death but it's still something pretty critical to your quality of life - how to turn that stock market...
Firefighters not immune to layoffs
This comes as disturbing news for those who run into burning buildings while everyone else is running out. The East Point, Georgia, fire department will lose 65 firefighters to layoffs to help address the city's $8 million budget shortfall. Unless we miss our guess, those 65 men and women will not be...
Sufficient income is critical to first responder retirement
Due to the incredibly stressful demands of the job, the average policeman, fireman, or emergency worker can expect to be eligible for retirement sooner than their peers in other lines of employment. This particular perk can sometimes turn into a Catch-22 situation for those who haven't prepared themselves...
It’s not your grandfather’s police retirement
It used to be that pensions for police, fire, and other emergency service careers were based upon receiving a certain percentage of your highest salary of the last ten years of employment – or some permutation of that. Those were the good old days. New retirees hope to build wealth lies in the whims...
Guilty – inflation is the real killer
We briefly touched on this topic earlier but it often takes repeated exposure to wrap your mind completely around the concept. The devaluing dollar in the face of rising inflation can turn your modest retirement portfolio into something special if you do it right. If you don't, it's Ramen noodles and...
Emergency workers separating financial sense from nonsense
We hope you knew we wouldn't leave you hanging for long after the last entry where we described why we think being a direct investor is crucial to your long term financial freedom. The part we didn't touch on yet is HOW to be a direct investor. You don't want to spend all your free time poring over stock...
Code red! Take charge of your retirement quickly
Those who have devoted their lives to the service of others – first responders – have traditionally enjoyed a strong work union and, if not lucrative, at least comfortable pension. These days, we'd hate to be the ones betting on that to continue. Government funding at any level seems perilous at...
The stock market is more dangerous than a four alarm fire
Nothing is more American than Mom, apple pie, Nascar racing, and the stock market, right? Except for that last one. You'd have better odds for success investing in a neighborhood poker game on Friday night. Don't get us wrong – we like a healthy market. It means companies are doing well. But playing...