Everything You SHOULD'VE Been Taught in School.
“Anyone can invest.”
It’s likely that you’ve heard this and similar statements before. If you’re anything like me, you probably didn’t believe this at some point in your life.
There are too many bills to even think about being able to invest 5k, right?
Wrong. [Read more…] about How to Invest 5K? Simple Ways to Multiply Your Money in 2022
Over the years, the term ‘investment’ has become widely thrown about. It’s meaning has been co-opted to describe everything from putting your money into a hail Mary, high-risk cryptocurrency to a long term investment in real estate.
However, there’s a big difference between investing versus speculating. [Read more…] about Investing vs Speculating? Why You Need to Know the Difference
If you’re like most Americans, the previous year was probably hard—as COVID-19 has created rolling shut-downs since March 2020.
Unemployment reached staggering levels in the midst of the pandemic, and while the situation has improved to some extent, millions of people are still struggling to find their new normal. [Read more…] about Your Ultimate Guide to Cash Flow Investments and How to Get Started
According to industrial studies, working with a professional broker or advisor has the potential to add 1.5% to 4% to your portfolio returns. However, the actual figure will depend on your financial literacy the degree of knowledge they can contribute above and beyond your own. If they are able to introduce you to new assets types with which you’re not familiar, you might reap greater gains. [Read more…] about Broker vs Investment Advisor: Which Benefits Your Investment Portfolio
Why is a 401(k) a bad idea? Why don’t rich people use them? And seriously, are they worthy of being called a scam?
There’s more than a few reasons that 401(k)s are a bad idea, including that you give up control of your money, have extremely limited investment options, can’t access your funds until you’re 59.5 or older, are not paid income distributions on your investments, and don’t benefit from them during the most expensive period of your life (child-rearing years).
Did I also mention that your 401k account value may plummet—it happened in 2008 and could happen again. [Read more…] about Why 401K’s Are A Bad Idea