“I PITY THE FOOL” WITH THESE KIND OF FINANCIAL TROUBLES!

IDENTIFY THE CAUSES OF PROBLEMS AND FIND SOLUTIONS

This is an age test.  Who remembers Mr. T.?  There was a brief spell where I dressed and looked like him! But all that gold was slowing me down!

Thank you for reading Wealth-Building-Powers Blog. I am grateful for all 5 MILLION of you!   {Ok maybe a wee bit fewer than 5 Million}

WHY OUT OF THE BLUE I STARTED WRITING AN INVESTMENT AND WEALTH BLOG

There is a synergy between my career expertise and Wealth-Building-Powers Blog. I spent over  30 years learning and working in Risk Management. I was employed by several well known Fortune 100 companies and paid to identify risk to human life and company assets and develop effective, preferably inexpensive, solutions.  If they worked, I got ZERO credit (except getting paid) and if they failed… well I would work on my writing skills! 

Before I started this career path I was fascinated by money and the creation of wealth.  I learned from family and work mentors, went back to school to get degrees in business and management and utilized every resource I could find to study finance and investments.  I was able to utilize my skills in the identification of risk and problem solving to build my own family’s wealth.  I also learned as a society we do an awful job teaching financial literacy/competency.  We typically do not teach financial literacy in K-12 grades and barely mention it in college. I started writing this blog to help fill that gap, especially for my favorite person in the world, my daughter, Amanda. 

TODAY’S FINANCIAL RISKS/PROBLEMS 

  • COST OF COLLEGE HAS BECOME OUTRAGEOUS!
    • Recently, Billionaire Robert Smith surprised the Morehouse College graduating class during his commencement address by vowing to pay off ~$40 MILLION in student loans, for all 396 graduates.  This is a magnanimous offer, that raised two questions for me, after I heard a student state he had $200,000 in loans: 1) Why the HECK is it costing $200,000 or MUCH MORE to get a college degree?  2) Why would anyone take out that size loan? 
DR THOMAS SOWELL – EDUCATION AN ISOLATION FROM REALITY
  • OUR U. S. HEALTH CARE SYSTEM IS A DISGRACE
U. S. HEALTH CARE SYSTEM IS FAILING
  • I recently read there is a new LIFE SAVING drug that cost $2.1 MILLION.  But no worries, they will put you on a five-year payment plan to pay the portion your insurance does not pay!  If you do not have insurance-I guess your family pays for your funeral. 
    • My friend is paying $1700 per month for himself and his family’s health insurance (does not include dental), under the Affordable Health Care package.  What part of that is affordable?  Just like the cost of college education, health care cost is increasing at two to three times inflation. 
    • THIS IS UNSUSTAINABLE and costing American lives!
  • TOO MANY AMERICANS CANNOT AFFORD RETIREMENT: 
    • Few Americans other than government employees have a pension. {And by the way, Federal, State and City governments are going broke maintain pension plans designed when life expectancy was 60 versus today’s close to 80!}  
    • Many Americans with their debt and other cost believe they cannot afford to save for retirement. 
AMAZING BENEFITS TO THE 401-K PLAN
WARREN BUFFETT SETTING PRIORITIES
  • THE DESTRUCTION OF THE MIDDLE CLASS:  
    • Over the last several decades, corporations transferred millions of manufacturing jobs outside the U. S.  And regardless of what politicians read off that TelePrompTer, 90% of the jobs are NOT coming back to the US.  
    • A Category Five Manufacturing Storm is coming. Artificial Intelligence (AI) and Robotics will eliminate millions more of white and blue-collar jobs. 

WE NEED TO SOLVE THESE PROBLEMS – TO SURVIVE!

OUR VERY SURVIVAL DEPENDS ON FINDING VIABLE AFFORDABLE SOLUTIONS

I was trained as an engineer to identify the causes of problems and find possible solutions. Today, I am applying those skill sets to the financial problems majority of Americans face. I faced many of these problems and some new problems are emerging for today’s generations. 

That is why I started writing this blog – to demonstrate real solutions and provide knowledge to my readers.  I understand these problems and the causes and recognize in most cases the US government will not aid.    We all need to increase our financial literacy/competency allowing us to make better decisions that will positively impact our future. 

WEALTH-BUILDING-POWERS BLOG PROVIDES SOLUTIONS TO ABOVE RISK AND INCLUDES BELOW MAJOR HEADINGS TOPICS:  

http://WEALTHBUILDINGPOWERS.COM
  • Financial Literacy; 
  • Retirement Savings; 
  • Investing In Stocks and Real Estate; 
  • Finding Good Mentors; 
  • Insurance Needs; 
  • Debt Reduction; 
  • Savings;  
  • Powers To Build Your Wealth
IT MUST START WITH SPENDING LESS THAN YOU EARN!

When I write I am talking to my daughter, trying to help her learn from my mistakes and successes plus what I have managed to learn from formal and informal education. I want to increase her and your probability  of success.  

NELSON MANDELA RESILLENCE

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CONCLUSION

The most important and best job for me is being a Dad. Amanda attended college and graduated with zero college loans. I am equally happy she is a kind and caring person who gives back. 

My professional career was about preventing harm to people.  My current passion and journey is to help my readers achieve the wealth they desire for a sustainable future that brings JOY.

If you are ready to build YOUR WEALTH BUILDING POWERS, then get started today. No more procrastinating excuses.  

A recent Presidential Candidate said two years ago- “What Do You Have To Lose?”

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Thank you to my followers and readers, for your likes and comments.  All comments, recommendations and feedback are welcomed and utilized to improve this blog.

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DISCLAIMER

I am a proud nerd (as my beautiful wife and daughter have told me) investment and finance blogger, with a NC State, Chemical Engineering, University Rutgers, MBA and Harvard University, Advanced Management education.  

I started my first business at ~13 years of age. 

I am a successful investor in equities and real estate and happy to share my personal finance and investment lessons learned with you. However, I am NOTa licensed financial advisor.  Please do not construe my suggestions on this blog, as recommendations for your personal situation.  For individual finance advice please seek your own licensed CPA or financial advisors.  

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Powers Investments Management, LLC

This blog will provide, information and simple strategies, that will assist you to achieve YOUR financial objectives and long term targets. For over 30 years, I solved multi-million dollar problems, for Fortune 10-250, companies. My formal education includes: Business, Finance and Chemical Engineering {Problem Solving} at: Harvard, Rutgers and North Carolina State. And an additional 30+ years, managing my family’s investment decisions. I currently manage/advise people with net-worths ranging from the tens of thousands to several million dollars.

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