Investments Archives - $ WEALTH BUILDING POWERS

by Powers Investments Management, LLC May 27, 2019

“I PITY THE FOOL” WITH THESE KIND OF FINANCIAL TROUBLES!

IDENTIFY THE CAUSES OF PROBLEMS AND FIND SOLUTIONS This is an age test. Who remembers Mr. T.? There was a brief spell where I dressed and looked like him! But all that gold was slowing me down! Thank you for reading Wealth-Building-Powers Blog. I am grateful for all 5 MILLION of you! {Ok maybe a wee bit fewer than 5 Million} WHY OUT OF THE BLUE I STARTED WRITING AN INVESTMENT AND WEALTH BLOG There is a ...

by Powers Investments Management, LLC May 24, 2019

HOW TO DOUBLE YOUR MONEY IN THE MARKET

https://www.cnbc.com/video/2019/05/23/how-to-double-your-money-in-the-stock-market.html?__source=flipboard Sorry for earlier post. Link did not work. This is an excellent short video discussing the power of compound interest in building YOUR WEALTH. Worth a listen

by Powers Investments Management, LLC May 23, 2019

Financial Literacy , RETIREMENT

This Group of People Is Most Likely to Retire Broke

This Group of People Is Most Likely to Retire Broke https://www.fool.com/retirement/2019/05/23/this-group-of-people-is-most-likely-to-retire-brok.aspx If you refuse to attempt to save for retirement, it is 100% guaranteed you will retire broke! Unfortunately those people earning <$50,000, include a large percentage of women and minorities. You CANNOT keep singing the Woe Is Me, ballad! Keep reading this post to learn the action you can take starting TODAY! EXERPT FROM ARTICLE “Approximately 60% of workers who earn less than ...

by Powers Investments Management, LLC May 8, 2019

WEALTH BUILDING POWERS

HOW THE WEALTHY REALLY ARE DIFFERENT FROM EVERYONE ELSE

www.forbes.com/sites/rainerzitelmann/2019/05/08/new-psychological-studies-how-the-wealthy-really-are-different-from-everyone-else/ What Makes the Superrich Tick The results of this latest wealth study are consistent with those of my doctoral dissertation on “The Wealth Elite,” which was based on interviews with 45 wealthy individuals. With only a few exceptions, most of the interviewees were self-made millionaires, and the ‘poorest’ were worth between 10 million and 30 million euros. Most, however, were worth significantly more, between 30 million and one billion euros, and some even ...

by Powers Investments Management, LLC April 1, 2019

Financial Literacy

FINANCIAL LITERACY IS JUST NOT THAT COMPLICATED – TRUST ME!

It is estimated the lack of financial literacy, cost Americans ~ $300 billion in 2018, or three Bill Gates’ fortunes. While financial literacy is not rocket science, 63% of Americans are considered "financially illiterate." People who are financially illiterate have difficulty applying financial decision-making skills to every day real-life situations. SO WHAT EXACTLY IS FINANCIAL LITERACY? Financial literacy is understanding all aspects of money, such as: taxes, savings, paying bills, retirement, budgeting, paying for ...

Financial Literacy , WEALTH BUILDING POWERS

INCREASE YOUR WEALTH BY INCREASING YOUR $,$$$,$$$ COMPETENCIES

Photo by rawpixel.com - From Pexels Let’s take a test. Here are the rules: Use anything or anybody you can. Take as long as you want. {I always dreamed an instructor would say those words to me one day!} The below questions were developed by the Financial Capability Organization to help test YOUR financial literacy. 1. Suppose you had $100 in a savings account and the interest rate was 2 ...

529 Plan , Investments

MOM, DAD, CAN YOU SPARE $250,000…..PLEASE!

When my daughter was born 25 years ago, I needed over $100,000+ to pay for her education. That was a lot of money than and now. Fortunately, I read about an education savings tool, the Custodian - UTMA/UGMA, which I used to invest for her education and minimize taxes. I invested 50% of my savings into Apple shares. Those investments, coupled with the good careers my ...

Debt

The Three Little Pigs Are BROKE!

As a child, I loved the story of the three little pigs. But just imagine if the Three Little Pigs had a debt problem. To be fair, sometimes we have no choice but to acquire debt: medical emergencies, loss of a job, school loans, etc. But we must avoid choosing debt to fulfill “wants”. If there is no emergency, and you simply have a “want”- pause for a few days ...

Investments , Mentors

WARREN BUFFETT MAKES $9 BILLION ON APPLE – HOW ABOUT YOU?

BERKSHIRE HATHAWAY MADE BELOW APPLE STOCK PURCHASES • March 2016: Purchased 9.8 million shares • June 2016: 5.4 million shares • December 2016: 42.2 million shares • March 2017: 72 million shares • June 2017: 1 million shares • September 2017: 3.9 million shares • December 2017: 31 million shares Today, I believe Warren Buffett and staff know more about Apple than its Board of Directors (BODs). Unfortunately, that is not saying much. As most BOD’s add little value to shareholders. So who is responsible ...

Investments , Savings , Wealth Building

BUYING EQUITIES ON SALE!

So you are thinking about buying a new car? Year-end sales are coming in a few weeks and the car manufacturers will discount thousands of dollars and offer zero interest. Do you buy at today’s full price or wait? Personally, I wait for sale prices for clothes, electronics, vehicles, equities, etc. The stock market gives you sale prices when the market corrects and drops a few percentage points. This is ...

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