In 2019, the United Sates (U. S.) saw over 5,000 men and women killed in work related accidents. Let that sink in. Over five thousand families saw a loved one depart for their work shift and never again return home. Unfortunately that is our norm. Prior to COVID-19, we expected that number to remain the same or slightly increase. But now as so many jobs have been shut down, the ...
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THANK YOU TO ALL THE PEOPLE KEEPING AMERICA GOING! A special thank you to all the men and women in health services who are staying on the job to protect us. The men and women staffing and restocking grocery stories, drug stores and convenience stores. And all the others going out every day to keep our economy going as close to normal as possible. Thank you to those working in police, ...
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Fears of health and economic fallout from the coronavirus outbreak pushed the U. S. Stock Markets into Bear territory (down at least 20%) this week. Of course, we are ALL concerned, but panicking has never fixed any of my problem. {Maybe with the exception of that monster from my childhood closet. It was YUGEEEEE!} PLEASE STOP HOARDING TOILET PAPER {WHY TOILET PAPER?}, SANITIZERS, AND EVERYTHING ELSE! You can’t find hand ...
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Vice President Pence was criticized when he stated the best way for the American people to calm down - “turn off the television sets”. I happen to agree, as the media is feeding the panic. I work from home and keep a business/investment channel on my televisions. But often mute the televisions because I do not want to hear paid “Talking Heads” reading or making up their opinions. The enemy of ...
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{Continuation from last week’s blog:} WHEN THE U. S. HAS A COUGH THE REST OF THE WORLD CATCHES A COLD – WHAT HAPPENS WHEN CHINA HAS A CORONAVIRUS? https://wealthbuildingpowers.com/2020/02/24/when-the-u-s-has-a-cough-the-rest-of-the-world-catches-a-cold-what-happens-when-china-has-a-coronavirus/} Last week I attended several sessions where U. S. Administration officials, including Vice President Pence, discussed the Coronavirus, known risk and actions the U. S. has and is taking. Fifty-nine countries are reporting Coronavirus cases and as of March 1, 2020, there has ...
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CORONAVIRUS is creating uncertainty. Because of this uncertainty, now is not the time for NEW investors to invest in individual company stocks.
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Have you heard of the “Rule of 72”? This simple rule helps your HARD-EARNED MONEY grow! The “Rule of 72” approximates how many years it will take for your money to double, given a fixed rate of return. The formula: {72 / interest rate = Number years to double}. How long do you believe it will take to double your money if placed in a typical U. S. savings account? ...
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RULE # 1: If your debt interest rate is higher than your targeted investment return, than prioritize paying off debt. Place your money where it does the most good. https://wealthbuildingpowers.com/2018/04/05/four-steps-to-achieve-financial-freedom-by-becoming-debt-free/ If you want to invest in the S&P 500 ETF, which averages about eight to ten percent annual returns you should prioritize paying off HIGH INTEREST credit card debt which can be as high as ~30%. The good news, student loan interest ...
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Every successful individual regardless of the field, did so by outworking the competition.
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Warren Buffett with an estimated net-worth of ~$90 billion is considered the world’s best stock investor Mr. Buffett stated, “the S&P 500 ETF index fund is the best investment MOST Americans can make.”
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