Along with continuous education, "One Up On Wall Street" helped me transition from gambling in the stock market to long-term stock investing. One essential lesson - how to identify potential "ten baggers". Ten baggers are investments where the initial investment is multiplied by ten or more!
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Never think you have no influence whatsoever. Your trace, which you leave behind with every good deed, cannot be erased.”
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It is smart to teach your kids about investing by buying them stock. My favorite gift for my daughter and niece - buying them shares of stock!
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In all families that build their own wealth from the ground up, a culture of active and continuous learning around financial literacy is created and fostered.
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On Christmas Day 2005, and before our Christmas luncheon, we gathered the five nephews and nieces, then ages 8 to 15, to explain their gifts. We told them that it was about owing companies, not toys. We asked them to consider companies they are familiar with - like Nike, Mattel, Coca Cola, Bank of America, etc. and get back to us in January so that we can purchase the stocks and seed ...
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Introducing a three-part series authored by my friend, George Wong. George and his wife embarked on a 56-year Financial Literacy case study working with FOUR generations of family members. George's motivation is to increase family members of all ages financial literacy and lay the groundwork for achieving legacy wealth. I hope you learn, enjoy and REPLICATE!
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Rivian's stock launched on November 10, 2021. Approximately 153 million shares sold at an offering price of $78.00 to the lucky and already wealthy investors. The shares began trading on the Nasdaq at $106.75. With ONLY 156 trucks produced Rivian is valued at over $100 Billion. General Motors will produce about 2.5 million vehicles (in U.S. and Canada) in 2021 and has a valuation of ONLY $92 Billion.
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The Feds increased 401K contribution limits to $20,500 in 2022, which is an increase from years 2020 and 2021 limit of $19,500. Catch-up contributions to retirement accounts for those age 50 and up will remain unchanged at $6,500. Including their regular contributions, people 50 and up will be able to stash up to a limit of $27,000.
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A budget is boring, anal and helped me achieve financial freedom.
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Fatherlessness has reached crisis proportions in the last few decades. Starting in the 1960s, feminism encouraged sexual liberation and discouraged the "oppressive" patriarchy of a two-parent family structure. Fatherlessness exploded and – half a century later – shows no signs of slowing down. The statistics are grim: 63% of child suicides, 85% of all children with behavioral disorders and 71% of all high school dropouts come from fatherless homes. Fatherless ...
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