Otterwize

Otterwize What you "otter" know about personal finance. Otterwize is a personal financial literacy platform for millennials and Gen Z.
What you "otter" know about personal finance. Personal financial literacy platform for millennials.

Giving Tuesday isn’t just about donating money. You can also give your time, skills, voice, goods, or even social media ...
12/03/2019

Giving Tuesday isn’t just about donating money. You can also give your time, skills, voice, goods, or even social media support to charitable organizations. #givingtuesday

Good deals on Cyber Monday are only good if you need to buy that item anyway.
12/02/2019

Good deals on Cyber Monday are only good if you need to buy that item anyway.

Today is the 10th Annual Small Business Saturday. Support your local shops, artisans, and small businesses. #shopsmall
11/30/2019

Today is the 10th Annual Small Business Saturday. Support your local shops, artisans, and small businesses. #shopsmall

Just because it’s Black Friday doesn’t mean you have to shop like it’s Black Friday. Set a holiday budget and stick to i...
11/29/2019

Just because it’s Black Friday doesn’t mean you have to shop like it’s Black Friday. Set a holiday budget and stick to it. #blackfriday

Happy Thanksgiving from Otterwize!!!🍁🦃#thanksgiving #gratitude #thankful
11/27/2019

Happy Thanksgiving from Otterwize!!!🍁🦃#thanksgiving #gratitude #thankful

The future is coming faster than you think. The time to start saving for your retirement (if you haven’t started already...
11/26/2019

The future is coming faster than you think. The time to start saving for your retirement (if you haven’t started already) is now.

Baking sourdough at home can be cheaper and more rewarding than store bought. (And you know what went in it.) The second...
11/25/2019

Baking sourdough at home can be cheaper and more rewarding than store bought. (And you know what went in it.) The second loaf was brought over as a gift. It’s easy, inexpensive, and people appreciate the effort! #breadwinner

To coin a phrase: “Don’t look a gift otter in the mouth.” Save (and invest) for your retirement.
11/20/2019

To coin a phrase: “Don’t look a gift otter in the mouth.” Save (and invest) for your retirement.

If time is money, then the cost of an item is the amount of time you have to trade to buy it. If you want to know if som...
11/18/2019

If time is money, then the cost of an item is the amount of time you have to trade to buy it. If you want to know if something is “worth the money,” figure out how long you have to work to afford that thing.

(Infographic courtesy of Visual Capitalist)This might look like a soccer ball from an international soccer match, but it...
11/15/2019

(Infographic courtesy of Visual Capitalist)This might look like a soccer ball from an international soccer match, but it’s actually an infographic of an international match-up on a much bigger arena: the $69 trillion in world debt. “Two decades ago, total government debt was estimated to sit at $20 trillion. Since then, according to the latest figures by the IMF, the number has ballooned to $69.3 trillion with a debt to GDP ratio of 82% — the highest totals in human history. . . . In absolute terms, the most indebted nation is the United States, which has a gross debt of $21.5 trillion according to the IMF as of 2018. If you’re looking for a more precise figure for 2019, the U.S. government’s ‘Debt to the Penny’ dataset puts the amount owing to exactly $23,015,089,744,090.63 as of November 12, 2019.” “$69 Trillion of World Debt in One Infographic” (https://www.visualcapitalist.com/69-trillion-of-world-debt-in-one-infographic/)

Infographic courtesy of Visual Capitalist (from Pitchbook’s quarterly Venture Monitor). Are you thinking of starting a s...
11/13/2019

Infographic courtesy of Visual Capitalist (from Pitchbook’s quarterly Venture Monitor). Are you thinking of starting a startup? “Venture capital “mega-deals”—which rake in $100 million or more—have taken off at breakneck speed. A total of 185 were signed by the end of September, setting the pace for a record number of mega-deals in 2019. . . . At every stage of startup financing, average deal sizes remain elevated. While the focus has shifted to the massive amount of capital available at later stages, angel and seed-stage deals are still quite healthy, with an average deal size of over $2 million.” https://www.visualcapitalist.com/venture-capital-financing-mega-deals/

2020 is just 50 days away. Have you thought about your financial goals for the new decade?
11/12/2019

2020 is just 50 days away. Have you thought about your financial goals for the new decade?

Infographic courtesy of Visual Capitalist (from  HowMuch.net, using data from Fortune).  “The biggest chunk of the earni...
11/10/2019

Infographic courtesy of Visual Capitalist (from HowMuch.net, using data from Fortune). “The biggest chunk of the earnings pie is increasingly split by fewer and fewer companies. In the U.S. for example, about 50% of all profit generated by public companies goes to just 30 companies — back in 1975, it took 109 companies to accomplish the same feat.” https://www.visualcapitalist.com/the-worlds-20-most-profitable-companies/ (Apple, the top US company on the list, generates $1,888 profit PER SECOND!)

Persistence and patience can help your money blossom.
11/07/2019

Persistence and patience can help your money blossom.

Financial independence gives you choices about how you want to spend your time.
11/06/2019

Financial independence gives you choices about how you want to spend your time.

Exercise is good for you so exercise your right to vote. #electionday2019
11/05/2019

Exercise is good for you so exercise your right to vote. #electionday2019

What do you have to “spend” in terms of time, stress, etc. to earn money? Does the payoff justify the “cost?” #worklifeb...
11/04/2019

What do you have to “spend” in terms of time, stress, etc. to earn money? Does the payoff justify the “cost?” #worklifebalance

Saving daylight isn’t as important as saving money. Time flies. Save for your future.
11/03/2019

Saving daylight isn’t as important as saving money. Time flies. Save for your future.

November 1st already? If you’re thinking about starting your holiday shopping, don’t buy any gasoline-powered turtleneck...
11/01/2019

November 1st already? If you’re thinking about starting your holiday shopping, don’t buy any gasoline-powered turtleneck sweaters (even if they’re on sale).

BOO! #happyhalloween🎃
10/31/2019

BOO! #happyhalloween🎃

This sign is from the streets of New Orleans. Some opportunities really do knock only once. Don’t let them go by.
10/30/2019

This sign is from the streets of New Orleans. Some opportunities really do knock only once. Don’t let them go by.

The quotation below applies to all kinds of goals, including financial goals. Whether you are trying to pay off your stu...
10/29/2019

The quotation below applies to all kinds of goals, including financial goals. Whether you are trying to pay off your student loans or other debt, save for retirement, build an emergency fund, save for a house . . . the list can go on. If the goals are important to you, don’t give up. You didn’t get this far to not cross the finish line.

When life gives you scaffolding, paint it Tiffany blue. (The Tiffany store on Wall Street painted the scaffolding outsid...
10/28/2019

When life gives you scaffolding, paint it Tiffany blue. (The Tiffany store on Wall Street painted the scaffolding outside the store in that classic Tiffany blue color so that it would look nicer than the usual ugly construction-site metal pipes.) Small changes can make a big difference.

Beautiful views on a crisp fall morning walk are free.
10/26/2019

Beautiful views on a crisp fall morning walk are free.

Check out this fascinating article and infographic on millennials and the rental economy (courtesy of Visual Capitalist ...
10/25/2019

Check out this fascinating article and infographic on millennials and the rental economy (courtesy of Visual Capitalist with data from Lab 42 and infographic from Adweek). “Offerings within the rental sector have exploded over the last decade, with furniture being the number one category that consumers rent. . . . Other products that consumers rent include gaming systems, clothes, tools, and technology. Female renters are more likely to rent furniture, clothes, and jewelry, while male renters are more likely to rent tools and gaming systems. . . . Despite the common misconception that millennials are driven by emotional needs, the reasons behind why they rent consumer goods are much more pragmatic. . . . [T]he rental economy does not indicate the end of ownership, but rather, provides a strategy for consumers to try before they buy.” (“Generation Rent: How Millennials are Fueling the Rental Economy” https://www.visualcapitalist.com/millennials-rental-economy/)

Large financial goals can seem impossible to attain when you are just starting out. That doesn’t mean you can’t reach th...
10/24/2019

Large financial goals can seem impossible to attain when you are just starting out. That doesn’t mean you can’t reach those goals. Anything worth doing takes work.

Wasted money can be replaced by earning more money.  Wasted time can’t be replaced.
10/22/2019

Wasted money can be replaced by earning more money. Wasted time can’t be replaced.

One small change—like automating your savings, starting an emergency fund, checking your credit score, or calculating yo...
10/21/2019

One small change—like automating your savings, starting an emergency fund, checking your credit score, or calculating your net worth—can be an improvement (and a step in the right direction). You don’t have to have it all figured out at once. For a good place to start, check out our “10-Step Financial Fitness Workout” (https://www.otterwize.com/10-step-financial-fitness-workout/).

You can change your financial situation by identifying where you want to be and taking positive steps to get there (or a...
10/17/2019

You can change your financial situation by identifying where you want to be and taking positive steps to get there (or at least bring you closer). Whether you want to pay off debt, earn more, save, budget, invest . . . you can make changes to improve your finances. For a good place to start, check out our “10-Step Financial Fitness Workout.” https://www.otterwize.com/10-step-financial-fitness-workout/

As the saying goes, you can’t always control what happens, but you can control how you react to what happens. In the con...
10/14/2019

As the saying goes, you can’t always control what happens, but you can control how you react to what happens. In the context of your finances, if you are not satisfied with your financial situation, you can take affirmative steps to change it. #glasshalffull

This hippo really knows how to strut her stuff. If you’re near Broadway and 22nd (in NYC), check out Hippo Ballerina, a ...
10/13/2019

This hippo really knows how to strut her stuff. If you’re near Broadway and 22nd (in NYC), check out Hippo Ballerina, a gorgeous 15-foot statue by Danish artist Bjørn Okholm Skaarup. (ps- Did you notice the Empire State Building in the background?) #dancewithhippoballerina #hippoballerina

(Resourceful and creative musician in the NYC subways.) Before you spend money to buy more things—clothing, food, etc.—t...
10/11/2019

(Resourceful and creative musician in the NYC subways.) Before you spend money to buy more things—clothing, food, etc.—try to make use of what you already have. #musicundernewyork #mtaartsfortransit

I’ve always loved the saying: “Everywhere I go, there I am.” We are (and should be) our own biggest supporters. People c...
10/10/2019

I’ve always loved the saying: “Everywhere I go, there I am.” We are (and should be) our own biggest supporters. People can offer assistance, advice, and support, but at the end of the day (and at the beginning too), we are responsible for ourselves. And when it comes to your finances, nobody cares more about your financial well-being than you do. Have your own back. #selfreliance

Multi-tasking often means doing a half-baked job on everything. If you want to do something well, focus on one thing at ...
10/09/2019

Multi-tasking often means doing a half-baked job on everything. If you want to do something well, focus on one thing at a time. Do you agree or disagree?

Chopping the onions for French onion soup made me tear up, but not as much as I would have seeing a restaurant bill for ...
10/07/2019

Chopping the onions for French onion soup made me tear up, but not as much as I would have seeing a restaurant bill for this simple soup (and I had enough soup for days). Chop your onions AND your budget.

How did October get here so quickly? (Time flies . . . . Save for your retirement.)
10/05/2019

How did October get here so quickly? (Time flies . . . . Save for your retirement.)

What’s your #sixwordstory? (personal finance edition or “otherwize”)
10/04/2019

What’s your #sixwordstory? (personal finance edition or “otherwize”)

Q: How do you cut the cost of a restaurant entree in half? A: Doggie bag for lunch the next day. This $16 Thai Basil Chi...
10/03/2019

Q: How do you cut the cost of a restaurant entree in half? A: Doggie bag for lunch the next day. This $16 Thai Basil Chicken becomes $8 each for two meals. (PS-Did you notice the stainless-steel chopsticks?)

Applepalooza at Pier 16, Seaport District NYC. It’s hard to beat beautiful fall weather and free local events!
09/30/2019

Applepalooza at Pier 16, Seaport District NYC. It’s hard to beat beautiful fall weather and free local events!

Don’t rely on other people to make financial decisions for you. Nobody cares more about your money than you do. Have you...
09/29/2019

Don’t rely on other people to make financial decisions for you. Nobody cares more about your money than you do. Have your own back.

Thank you Debt Free Guys for including us in your Friday 5 along with MarketWatch  Ride Free Fearless Money, Sense with ...
09/27/2019

Thank you Debt Free Guys for including us in your Friday 5 along with MarketWatch Ride Free Fearless Money, Sense with Cents, and Financial Freedom Countdown.

When you take care of yourself overall, you are better able to handle other tasks (like managing your finances). #selfca...
09/26/2019

When you take care of yourself overall, you are better able to handle other tasks (like managing your finances). #selfcare

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