Click on below to see a 60 second introduction to today's blog. Use your back key to return to the blog when finished. https://biteable.com/watch/embed/obsession-reading-1902904 Obsession Reading on Biteable. Majority of successful people believe books and reading are the gateway to knowledge. With the millions of books published and relatively so little time, you must select carefully and not waste your time! The more you read the more you question things, and hopefully the more ...
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FINANCIAL LITERACY , INVESTMENTS , REAL ESTATE INVESTMENTS
IS IT A GOOD IDEA TO PAY YOUR MORTGAGE OFF EARLY?
If you have purchased a home, congratulations! I am confident you did your research and made a GREAT investment. Let’s discuss pros and cons of paying off that worrisome 30 YEAR mortgage early. My opinion, if you can afford to pay your mortgage off early, do it. I have paid one off early and in the process of paying two more mortgages off early. For me at least, I sleep better! Let’s ...
Read MoreThis week, lets start with a quiz: How much money would you have today, if you had invested $10,000 in an S&P 500 Index Fund, in 1980? With no additional deposits. That’s right one $10,000 deposit and no more! A. $380,000 B. $276,000 C. $433,000 D. 760,000 I will show you the correct answer below and how much you could potentially earn if you did the same thing today. First, lets talk about compound Interest. Although, ...
Read MoreMy journey started when I was about 12. I was lucky to have two smart and wonderful parents. Mom taught me the value of savings and compound interest (future blog). Dad taught me the value of hard work and self-improvement. I remember the day we drove to the bank and opened a savings account. I was excited because I always enjoyed saving money!! Mom deposited some money, I think about $25. And I ...
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How many truly stupid people do you know who are rich? The objective today is to avoid being consistently stupid. Stupid happens every day and it happens to the best of us. But you can learn from others and from me to avoid making stupid investments. You are on your own in other matters. My definition of stupid: - Making decisions that appear to lack common sense. I cannot count the ...
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Actions in education, economics, incarceration, are NOT going to solve this problem. There is too little communication or action, on this subject. Federal, state, and local governments, will NOT address this issue. It is up to our communities, our places of worship, and you, to make a difference.
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A typical millionaire looks like you. You pass them in the street. Eat at the same restaurants and fast food chains. They’re your neighbors and the people you see in grocery stores, etc. They work hard, save their money, invest and have a large, rainy day fund.
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