THE ABSOLUTE BEST WEDDING GIFT YOU CAN EVER GIVE YOUR CHILD!

BEST WEDDING PRESENT! This weekend we are attending the wedding of my college best friend, Clifton’s son. The couple will have college loans as the bride is currently in Medical School. As parents, Clifton and I ponder the choice of paying for an expensive wedding versus INVESTING IN YOUR FUTURE. And as two financially conservative men, we advise reducing the wedding size and cost and investing the money. AVERAGE ...

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NOT SURE WHAT TO DO WITH YOUR 401K WHEN RETIRING? SOME OPTIONS

Congratulations on accumulating a YUGEEE portion of your retirement money in a 401-K! As you approach retirement you need to decide what to do with YOUR HARD EARNED MONEY, currently sitting in one or more 401K Plans. This is a nice problem to have!  SOME OPTIONS FOR AFTER RETIREMENT Keep your money in your 401-K Plan(s).Roll into an IRA or a ROTH IRA and convert to Exchange Traded Funds (ETFs), to lower fees.There ...

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“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 ...

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THE HOUSE JUST PASSED THE BIGGEST CHANGES TO RETIREMENT PLANS IN A DECADE

{TO READ THE FULL POST GO TO MY PROFILE AND CLICK https://wealthbuildingpowers.com/ The House of Representatives passed legislation Thursday that would make significant changes to the laws governing retirement savings accounts. The aim of the legislation, which will now move to the Senate for consideration, is to make it easier for more employers, particularly small businesses, to offer 401(k)s, and to let workers guarantee how much income their retirement savings produce ...

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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 ...

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NOTHING YOU WILL DO IN YOUR LIFETIME REALISTICALLY, WILL WASTE MORE MONEY THAN BUYING A NEW CAR!

NEW CARS VERSUS A HUGE JUMP IN YOUR NET-WORTH I often hear or read similar below comments: I have $80,000 in college loans that are killing me. Backbreaking DEBT! I cannot afford to contribute to my 401K.I will never be able to retire.Life is unfair!I just purchased a brand new Porsche! 718 Cayman Porsche - Is It Worth It? Wait one minute - did you just say, you owe $80,000 in college loans; contribute $0 ...

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ALL THE REASONS YOUR FINANCIAL WELL-BEING IS TERRIFYING! ———TIME TO FIX IT!

FINANCIAL LITERACY   Read:  FINANCIAL LITERACY IS JUST NOT THAT COMPLICATED – TRUST ME! Click below link https://wealthbuildingpowers.com/2019/04/01/financial-literacy-is-just-not-that-complicated-trust-me/Reduce spending to live within your means. BUDGETING Read: Do You Want or Need a Cadillac? Click below link HTTPS://wealthbuildingpowers.com/2018/01/23/DO-YOU-WANT-OR-NEED-A-CADILLAC/ Calculate how and what you spend your money on now and then figure out how to put more of YOUR HARD EARNED MONEY TO WORK - WHILE YOU SLEEP!  Track your spending and see where your money is actually going because you will see opportunities to ...

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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 ...

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