$ WEALTH BUILDING POWERS

by Powers Investments Management, LLC June 24, 2024
gray and brown boat traveling on man made river
RETIREMENT

YOUR $2.5 MILLION 401-K ROAD MAP – WORK, STRATEGY AND MOST OF ALL COMMON SENSE!

Disclaimer: Good Day, Readers.  WealthBuildingPowers blog is a financial literacy/competency blog and does not provide specific investment recommendations.     Photo by Anna Nekrashevich on Pexels.com Maximizing Your 401-k Most Americans will not achieve a $2.5 Million 401-K balance.  We are NOT MOST PEOPLE! About 69% of employees have access to retirement plans through their employer, BUT 25% chose not to contribute one dollar!  Eight percent only save their company’s default amount, on average, about six percent. Twenty-four percent contribute ...

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by Powers Investments Management, LLC June 17, 2024
man in white dress shirt smiling
FINANCIAL LITERACY

INSTEAD OF LOWERING STANDARDS FOR BLACK KIDS – LIFT THEM HIGHER!  

Disclaimer: Good Day, Readers.  WealthBuildingPowers blog is a financial literacy/competency blog and does not provide specific investment recommendations.     "Doing the same thing over and over and expecting a different result, the definition of insanity"  Rita Mae Brown  Lowering standards fails to ensure people acquire the knowledge, skills, and competencies to succeed.  Unfortunately, universities and others are lowering standards for African Americans. This will NOT close the decades-long gaps in key performance indicators {KPIs} such ...

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by Powers Investments Management, LLC May 27, 2024
photo of people shaking hands
FINANCIAL LITERACY , MENTORS

CLASS OF 2024’s – COMMENCEMENT SPEAKER – PRESIDENT BARACK OBAMA!

Disclaimer: Good Day, Readers.  WealthBuildingPowers blog is a financial literacy/competency blog and does not provide specific investment recommendations.   Congratulations, Class of 2024 Screenshot In 2013, the FIRST Black President of the United States gave a commencement speech at Morehouse College. President Obama’s presence reminded us how far we've come as a nation and how you can exceed your dreams. Set your goals high.  In my opinion, this is his best speech! A FEW EXCERPTS - SEE ...

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by Powers Investments Management, LLC May 20, 2024
neon signage
FINANCIAL LITERACY

ELEVEN FRIENDS SHARE THEIR STRATEGIES FOR TURNING $1.00 INTO MILLIONS

Disclaimer: Good Day, Readers.  WealthBuildingPowers blog is a financial literacy/competency blog and does not provide specific investment recommendations.   Their Million-Dollar Savings Blueprints  I asked friends who are great savers to share their tips for saving. The parents in this group shared their advice and lessons learned with their kids. Hopefully, you find strategies that resonate. Saver 1: The youngest contributor is 30 and well on her way to that first million. Photo ...

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by Powers Investments Management, LLC May 13, 2024
pexels-photo-164527.jpeg
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 May 6, 2024
person sitting on wheelchair
FINANCIAL LITERACY

ONLY THE WEALTHY AND FOOLS DO NOT OBTAIN LONG AND SHORT-TERM DISABILITY INSURANCE

Disclaimer: Good Day, Readers.  WealthBuildingPowers blog is a financial literacy/competency blog and does not provide specific investment recommendations.     https://youtu.be/Cr2zpJrStQw DISABILITY INSURANCE IN 60 SECONDS Photo by RDNE Stock project on Pexels.com Empower Your Financial Well-being: Prioritize Long and Short-Term Disability Insurance Without Delay! I retired for health reasons at the age of 57. It was unexpected, BUT I was thankfully prepared. I had private short- and long-term disability insurance.   I also received monthly Social Security Disability payments. ...

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by Powers Investments Management, LLC April 29, 2024
men with braided hair sitting on armchairs and writing in notebooks
FINANCIAL LITERACY

WHO ARE YOUR ACCOUNTABILITY BUDDIES?

Disclaimer: Good Day, Readers.  WealthBuildingPowers blog is a financial literacy/competency blog and does not provide specific investment recommendations.     https://youtu.be/bLXwlB4WNzM MASTERING ACCOUNTABILITY IN 60 SECONDS! YOU NEED ACCOUNTABILITY BUDDIES  Between working, parenting, social media, on-demand, and live TV with hundreds of channels, and maybe a few hours of sleep, we live in a world where distractions stop us from achieving our key goals. On average, seventy-five percent of people give up on their goals by the ...

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by Powers Investments Management, LLC April 22, 2024
FINANCIAL LITERACY

BUFFETT’S 2023 ANNUAL LETTER – AESOP’S FABLE

Disclaimer: Good Day, Readers.  WealthBuildingPowers blog is a financial literacy/competency blog and does not provide specific investment recommendations.     SLOW AND STEADY BEATS HOPE! - AESOP’S FABLE: THE HARE AND THE TORTOISE  It has been decades since I first heard this tale. The hare didn't lose the race because of the tortoise: He lost the race because of himself. His arrogance and self-confidence defeated him. The moral of the Story: Slow and steady wins the race! There is always ...

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by Powers Investments Management, LLC April 15, 2024
white cruise ship sailing on sea
FINANCIAL LITERACY

APRIL IS FINANCIAL LITERACY MONTH – YOU SHOULD CARE!

Disclaimer: Good Day, Readers.  WealthBuildingPowers blog is a financial literacy/competency blog and does not provide specific investment recommendations.   Photo by Tima Miroshnichenko on Pexels.com April is National Financial Literacy Month.  It is needed more today than ever.  TODAY’S REALITY The U.S. is > $34 Trillion in Debt Social Security and Medicare are running out of funding. Life expectancies are almost 20 years longer than when social security was established. The majority of private employers do NOT offer pensions. Americans are ...

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