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 ...
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FINANCIAL LITERACY , WEALTH BUILDING POWERS
INCREASE YOUR WEALTH BY INCREASING YOUR $,$$$,$$$ COMPETENCIES
Photo by rawpixel.com - From Pexels Let’s take a test. Here are the rules: Use anything or anybody you can. Take as long as you want. {I always dreamed an instructor would say those words to me one day!} The below questions were developed by the Financial Capability Organization to help test YOUR financial literacy. 1. Suppose you had $100 in a savings account and the interest rate was 2 ...
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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 ...
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FINANCIAL LITERACY , WEALTH BUILDING POWERS
EASY LIFE HACK FOR REMARKABLE RESULTS (INCREASE YOUR EARNINGS BY A FACTOR OF 10!)
Did you write your 2018 goals down? Can you find them? Some of you are thinking what’s the big deal! Let’s look at a small case study to see why it is a BIG deal. “Mark McCormack the author of "What they don't teach you at Harvard Business School" conducted a study on Harvard Business School MBA program, 1979 batch. The students were asked a simple question ...
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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 ...
Read MoreOne of my readers asked - how do you create a budget without a steady income? This is a reality for millions of people: Uber and Lyft Drivers, College Students, Commission Sales, Part Time Employees and many other self employed people. Approximately, 15 million Americans are self-employed, and have income that comes in at different times and different amounts. So how do you create a budget when you do not know ...
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MENTORS , WEALTH BUILDING POWERS
WARREN BUFFETT, JEFF BEZOS, STEVE JOB- GREAT LEADERS YIELD GREAT INVESTMENTS!
Please click on below link to see a 60 second overview of this week's blog. Click backspace to return to the blog. https://biteable.com/watch/embed/leadership-1928968 LEADERSHIP on Biteable. When you consider buying a company’s stock, one of the key factors you MUST research, is company leadership, especially the Chief Executive Officer (CEO). The competency of the CEO and his direct reports is the difference between making money on stocks and eating peanut butter sandwiches ...
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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 ...
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