A budget is boring, anal and helped me achieve financial freedom.
Read MoreI have never discovered EASY money except for winning the lottery, which has better odds than Congress doing their jobs. Today's dreamers of fast and easy $$$ are chasing Cryptocurrencies, Meme stocks (last week's blog- See You “May Like” Section Below), and other quick bucks stuff. When you see so-called “Subject Matter Experts" advertise on Facebook, Instagram, etc. "For $999.00, TODAY ONLY, I will teach you to ……." DELETE IMMEDIATELY! If someone has a ...
Read MoreHOW TRADERS AND LONG-TERM INVESTORS UTILIZE STOCK CHARTS TO ACHIEVE FINANCIAL FREEDOM!
Learning to read stock charts was critical to improving my wealth. Today's blog gives you a brief introduction. Next week let's continue building chart competency by examining support and resistance.
Read MoreI grew up in small southern town in North Carolina (NC) where there were more chickens than people. In High School, my classmates self-divided into two groups being those who applied to college and those who wanted to immediately work after graduation. Since birth I heard, “you are going to college OR ELSE” so I applied to college and graduated with a degree in Chemical Engineering. One of my classmates ...
Read MoreNajee Hannigan, a 26-year old entrepreneur from Philadelphia, encouraged his friends and cousins to put aside $50 a week so that they could all collectively invest in something big. Two years later, they have successfully accumulated enough money to purchase their first own real estate property. THE POWER OF BUDGETING! They will also use budgeting to manage renovation cost and successfully rent this property. Congratulations Majee Hannigan and friends. 2020’S UGLY ...
Read MoreTHE NEED FOR EMERGECNY SAVINGS – MORE IMPORTANT TODAY THAN EVER!
Shortly after starting my career, I read most likely I would work for ten companies. I thought that ridiculous and arrogantly laughed. My last employer was my 10th – NOT so funny anymore. I was laid off four times during the course of my career. When I look back at the career “crisis” I faced, I realize we really use the word crisis too loosely. On a scale of 1-10 my ...
Read MoreHave 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? ...
Read MoreRULE # 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 ...
Read MoreEvery successful individual regardless of the field, did so by outworking the competition.
Read MoreWarren 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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