GOVERNMENT SHUTDOWN DEMONSTRATES WHY EMERGENCY SAVINGS IS NOT A WANT BUT AN ESSENTIAL NEED!

The partial government shutdown, which began Dec. 22, 2018, has stretched well into 2019 and may continue for weeks or months given the two parties inability to negotiate and behave like middle grade children. About 420,000 "essential" employees are working without pay, while another 380,000 have been ordered to stay home. In some cases, the furloughs have forced government employees to tap into their savings, apply for unemployment, add to their ...

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WEALTH BUILDING POWERS – ACTION PLAN

From my life lessons and LOTS of reading and studying, I built the below actions designed to build YOUR Sustainable Wealth. In 2018, I started drafting blog articles that outlined below actions in greater detail. As you think about what you need to create SUSTAINABLE (LIFETIME) WEALTH, let me know if I missed any major strategies or actions you would include. {Please scroll to the end of this blog and write your ...

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LET’S MAKE 2019 YOUR YEAR!

HAPPY NEW YEAR! I hope everyone enjoyed the holidays and were able to spend time with friends and family. How do we make 2019 a successful financial and investment year? You control the most important variable that determines 2019 and tomorrow’s success- YOU! What are you doing to achieve success in 2019? Did you write those boring New Year Eve promises that 63% of us, including myself, get an F grade on ...

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2019’s YEAR END BLOG – HAPPY HOLIDAYS

I started publishing Wealth Building Powers blog when I was suddenly sidelined from my professional career for health reasons. I worked in a field that strives to protect the lives and health of employees and the neighbors in the surrounding communities. I enjoyed my field and miss it as I made a difference by sending employees home safely at the end of their shifts and the end of their work ...

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FREEZE – HANDS UP AND DROP THAT CREDIT CARD!

Are you one of the 25% who is spending every spare minute and dollars you DO NOT HAVE hitting the malls and Amazon? Adding to the thousands of dollars of credit you are struggling to pay? Women incur ~$1500 in holiday debt and Men ~$1700. If you are NOT capable of buying gifts without increasing your credit debt, you need to DROP THOSE DANGEROUS WEAPONS OF WEALTH DESTRUCTION - YOUR ...

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401-K YEAR END SALE!

We all love “BUY ONE GET ONE FREE” sales. Right? What if you got the same offer for cash? Deposit $100; receive $100 – FREE MONEY. I’m guessing majority, no make that ALL of you would be making that exchange 24/7. But on average 24% of you are turning down FREE MONEY! Approximately 24% of employees fail to contribute enough to their 401-K plans to receive the matching dollars – FREE ...

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DO YOU FEEL SECURE ABOUT RETIREMENT?

What is the one thing we do not want to happen in retirement? I say death, but as this is an investment and finance blog- RUNNING OUT OF MONEY! Financial professionals recommend to maintain your current lifestyle in retirement, you need about 70-90% of your FINAL income, EACH YEAR. If your retirement final income is $100,000 you need $70,000 to $90,000 annual income. Because of the extension of life expectancy and ...

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SMART PEOPLE (AND THE IRA) ARE INCREASING 2019 401-K, IRA, ROTH IRA OR SEP CONTRIBUTIONS/LIMITS

In 2018, the Federal Government increased maximum allowable contributions to retirement plans, such as 401-K, IRA, ROTH IRA and SEP plans. Why is Congress being generous and increasing retirement contributions? A. Congress really cares about our welfare. They want to help taxpayers. B. This is an automatic inflationary increase. Congress makes inflationary increases to contribution limits biannually. C. Congress is worried and panicking majority of Americans cannot afford to retire and will further ...

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WEALTHY FOLKS BENEFIT FROM DOLLAR COST AVERAGING – WHY DON’T YOU?

To take advantage of ups and downs in the price of stocks, many investors, including myself, utilize Dollar Cost Averaging (DCA) as a strategy. DOLLAR COST AVERAGING: is an automated and disciplined investment strategy. It removes emotions from the investment process because you are investing a fixed amount of money at set periods. As the price of an ETF, Mutual Fund, or stock varies from month to month, you acquire the ...

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DID YOU BUY, HOLD OR SELL IN OCTOBER – WHILE THE MARKET LOST $2 TRILLION?

Many investors both institutional and individuals sold in October 2018. What about you? I am not smart enough to guess the best time to get out and return to the market, so I held my positions. I have survived numerous corrections, like this October 2018, where I lost significant PAPER Net-Worth. BY recognizing my inability to time the market and just sit still, my Net-Worth increases most years. Taking No Action ...

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