$ WEALTH BUILDING POWERS

by Powers Investments Management, LLC May 13, 2024
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FINANCIAL LITERACY

From Classroom to Bank Account: The Urgent Need for Financial Literacy in K-12

Disclaimer: Good Day, Readers.  WealthBuildingPowers blog is a financial literacy/competency blog and does not provide specific investment recommendations.     Photo by Oleksandr P on Pexels.com https://youtu.be/kc352nZCkuE IN 60 SECONDS - K-12 SCHOOLS CAN HELP STUDENTS MANAGE MONEY AND CREATE WEALTH! Preparing Our Youth for Financial Independence: The Role of K-12 Education Photo by Max Fischer on Pexels.com Between high school and college, I sat through hundreds of hours of courses (SEVERAL BORING), but very little was taught ...

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by Powers Investments Management, LLC July 13, 2020
FINANCIAL LITERACY , INVESTMENTS

INVESTING IN STOCKS IS COLOR BLIND – WHAT IS STOPPING YOU?

    Albert Einstein stated, “Compound interest is the 8th wonder of the world. He who understands it, (the financially literate) earns it; he who doesn't, pays it.”   Compounding normally refers to a bank account, and generally means you will collect interest on your money. Moreover, compounding also applies to other investments such as real estate and stock ownership. Example- On January 2, 2020, you purchased one share of Powers, Inc., at a price of ...

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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 September 23, 2019
FINANCIAL LITERACY , RETIREMENT

ONE OF THE WORSE MISTAKES YOU CAN MAKE WITH YOUR 401 – (K) WHEN CHANGING JOBS

ONE OF THE WORSE MISTAKES YOU CAN MAKE WITH YOUR 401- K WHEN CHANGING JOBS Several years ago, a good friend confided she cashed out her 401K and spent the money. At the time I thought an unwise decision. But of course being less diplomatic (hard to believe right) I said something more in the line of: YOU DID #$@% WHAT ?  I was reminded of this story last week, when I ...

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