Investments Archives - Page 2 of 3 - WEALTH BUILDING POWERS

DO YOU NEED A WILL? READ AND FIND OUT?

Photo by Melinda Gimpel on Unsplash Many of you may have heard Aretha Franklin, left an ~$80 million estate and DID NOT leave a will. You also may recall Prince, died without a will, leaving behind a ~$200 million estate. And both of these singers’ estates will continue to earn royalty income for decades. It’s up to the court’s to decide who gets what. In reality ~55% of people WHO ...

Investments

IS IT TOO LATE TO BUY- FANG {FACEBOOK, AMAZON, NETFLIX, GOOGLE} STOCKS?

Last week reader’s question- is it too late to invest in FANG? My Response- {Keep reading}, DO YOUR RESEARCH, but it is not too late. Lets start by defining “FANG”. I believe Jim Cramer created this acronym. It stands for Facebook, Amazon (many ask why not Apple), Netflix and Google (which changed it’s name to Alphabet to emphasis the company is multi-dimensional). How often do you use the above four companies? ...

Investments , WEALTH BUILDING POWERS

CASH IS LIKE MANURE- YOU HAVE TO SPREAD IT AROUND TO MAKE YOUR INVESTMENTS GROW!

I have recently read several articles stating cash is awful. It concerns me so much, I am willing to make the ultimate sacrifice and take that EVIL cash off your hands. Just mail that evil paper money to me! In reality, we use cash to buy assets that hopefully will increase in value AND beat inflation. Every investment I have made (good and bad), came from cash - home ...

Financial Literacy , Investments , RETIREMENT , WEALTH BUILDING POWERS

END OF QUARRTER 1 Score: WOMEN’S TEAM – 1 VERSUS MEN’S TEAM – 3 –{WOMEN ARE LOSING THE INVESTMENT BATTLE TO THE MEN – WHY?}

In this week’s blog I am talking with the ladies. Guys join in as this is about your sisters, daughters, wives, etc. And you BEST care! Ladies, I have a serious question. Why are you allowing men to add more money to their investment accounts and gain PROFIT on their investments while you sit passively on the sidelines? I am referring to men and women with equivalent income. Research shows ...

Financial Literacy , Investments

IT’S TIME TO INVEST IN EQUITY – S AND P 500 ETF INDEX

Some of you are off to a terrific start! Let’s look at potential accomplishments: • You are employed or own your business and have a steady and growing income stream. • Have paid all education loans off. • Contributing (HOPEFULLY AT MAXIMUM LEVEL - $18,500) to your 401-K. If not at maximum level of your 401-K you are using your annual raises to increase your participation percentage in your 401K until you reach maximum amount of ...

Financial Literacy , Investments

QUESTION AND ANSWER: DO YOU RECOMMEND HAVING MINIMUM OF 20% DOWN PAYMENT (AND AVOIDING PMI PAYMENTS) PRIOR TO BUYING A HOME?

Recently, a reader asked the above very good question. I am providing a brief summary response and then more details. SUMMARY RESPONSE {DETAILS BELOW} The key decision point is NOT how much you put down. The best and safest move is to put 20% or more down if you can afford the TOTAL HOMEOWNERSHIP COST, discussed in detail below. Paying 20% or more as a down payment avoids paying Private Mortgage ...

Financial Literacy , Investments , WEALTH BUILDING POWERS

THE NEED FOR MULTIPLE STREAMS OF CASH FLOW

Click on Today's Blog Quick Video Summary https://biteable.com/watch/embed/multiple-streams-of-income-1922859 MULTIPLE STREAMS OF INCOME on Biteable. Last week we discussed the criticality of finding good mentors. One of my favorite mentors taught me the value of this week’s topic- Multiple Streams of Income. My Uncle, a public school teacher in NC, {NC, my home state, pays educators well below national average.) through hard work developed the following multiple income streams: Teacher’s Salary; Cash From 31 ...

Financial Literacy , 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 ...

Investments , Rent Vs Buying Home

Is Buying A Home A Great, Good, Or Risky Investment – Today?

The answer to above question depends on a lot of factors, from your financial health/stability, the location you live in and the health of your local real estate market. I purchased my first home when I was 25, and admit I was clueless on the process and cost associated with buying a home. It turned out to be a good investment, I was LUCKY! Instead of relying on luck, lets look ...

529 Plan , Investments

MOM, DAD, CAN YOU SPARE $250,000…..PLEASE!

When my daughter was born 25 years ago, I needed over $100,000+ to pay for her education. That was a lot of money than and now. Fortunately, I read about an education savings tool, the Custodian - UTMA/UGMA, which I used to invest for her education and minimize taxes. I invested 50% of my savings into Apple shares. Those investments, coupled with the good careers my ...