$ WEALTH BUILDING POWERS

by Powers Investments Management, LLC March 16, 2020
FINANCIAL LITERACY , INSURANCE AND ILLNESSES , RETIREMENT

PANICKING WILL NOT ERADICATE THE CORONAVIRUS PROBLEMS

  Fears of health and economic fallout from the coronavirus outbreak pushed the U. S. Stock Markets into Bear territory (down at least 20%) this week. Of course, we are ALL concerned, but panicking has never fixed any of my problem. {Maybe with the exception of that monster from my childhood closet. It was YUGEEEEE!} PLEASE STOP HOARDING TOILET PAPER {WHY TOILET PAPER?}, SANITIZERS, AND EVERYTHING ELSE!   You can’t find hand ...

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by Powers Investments Management, LLC March 9, 2020
FINANCIAL LITERACY , INSURANCE AND ILLNESSES

AT LAST! A POSITIVE FROM THE CORONAVIRUS – NOW IS THE TIME REFINANCE OR OBTAIN YOUR MORTGAGE

  Vice President Pence was criticized when he stated the best way for the American people to calm down - “turn off the television sets”.  I happen to agree,  as the media is feeding the panic. I work from home and keep a business/investment channel on my televisions.  But often mute the televisions because I do not want to hear paid “Talking Heads” reading or making up their opinions.  The enemy of ...

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by Powers Investments Management, LLC March 2, 2020
FINANCIAL LITERACY , INSURANCE AND ILLNESSES

HOW TO MANAGE CORONAVIRUS HEALTH AND INVESTMENT RISK

{Continuation from last week’s blog:}  WHEN THE U. S. HAS A COUGH THE REST OF THE WORLD CATCHES A COLD – WHAT HAPPENS WHEN CHINA HAS A CORONAVIRUS? https://wealthbuildingpowers.com/2020/02/24/when-the-u-s-has-a-cough-the-rest-of-the-world-catches-a-cold-what-happens-when-china-has-a-coronavirus/}   Last week I attended several sessions where U. S. Administration officials, including Vice President Pence, discussed the Coronavirus, known risk and actions the U. S. has and is taking.  Fifty-nine countries are reporting Coronavirus cases and as of March 1, 2020, there has ...

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by Powers Investments Management, LLC February 17, 2020
FINANCIAL LITERACY , SAVINGS

THE “RULE OF 72” – YES YOU NEED IT!

        Have 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?   ...

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by Powers Investments Management, LLC February 10, 2020
INVESTMENTS , SAVINGS

SHOULD YOU PAY OFF DEBT OR SAVE AND INVEST?

      RULE # 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 ...

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