Disclaimer: Good Day, Readers. WealthBuildingPowers blog is a financial literacy/competency blog and does not provide specific investment recommendations. U.S. ECONOMY - WOBBLING LIKE A GAME OF JENGA The U.S. economy is like a high-stakes game of Jenga. While the FED is the maestro of the game, they do NOT control all the blocks! The nation's economic stability relies on a delicate balance of various factors represented by individual Jenga blocks. Each reflects ...
Read More
FINANCIAL LITERACY
CAN YOU HANDLE THE TRUTH? PAYING MINIMUM PAYMENTS ON THE AVERAGE U.S. CREDIT CARD BALANCE WILL TAKE ~27 YEARS TO PAY OFF THE BALANCE!
A two percent minimum payment at today’s interest rate of 18% annually takes 26 years and ten months to pay off the $5,800.00 balance, with total interest charges of $9,752.70.
Read More
REAL ESTATE INVESTMENTS
BEFORE BUYING YOUR NEW HOME, LET’S FIX ANY FINANCIAL HICCUPS! {NEW HOME BUYERS SERIES FOUR OF SIX}
Changing your financial habits is crucial for long-term success. Recovering from financial mistakes takes time and effort.
Read More