$ WEALTH BUILDING POWERS

by Powers Investments Management, LLC April 8, 2019
FINANCIAL LITERACY

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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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 ...

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by Powers Investments Management, LLC February 18, 2019
FINANCIAL LITERACY

SO YOU GOT A HUGE TAX REFUND – NOW WHAT?

Approximately 76 million or 44 percent of Americans paid ZERO federal income tax in 2018.  For the rest of us, about 70% will get a refund. Keep in mind because your tax bracket was most likely decreased for 2018, your refund will be smaller than 2017’s refund.   WHAT YOU CAN DO WITH YOUR REFUND- TO GROW YOUR NET-WORTH PAY OFF HIGH INTEREST DEBT If you have credit card debt, this may be a perfect use for your tax ...

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by Powers Investments Management, LLC January 7, 2019
WEALTH BUILDING POWERS

WEALTH BUILDING POWERS – ACTION PLAN

From my life lessons and LOTS of reading and studying, I built the below actions designed to build YOUR Sustainable Wealth. In 2018, I started drafting blog articles that outlined below actions in greater detail. As you think about what you need to create SUSTAINABLE (LIFETIME) WEALTH, let me know if I missed any major strategies or actions you would include. {Please scroll to the end of this blog and write your ...

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by Powers Investments Management, LLC November 22, 2018
RETIREMENT

SMART PEOPLE (AND THE IRA) ARE INCREASING 2019 401-K, IRA, ROTH IRA OR SEP CONTRIBUTIONS/LIMITS

In 2018, the Federal Government increased maximum allowable contributions to retirement plans, such as 401-K, IRA, ROTH IRA and SEP plans. Why is Congress being generous and increasing retirement contributions? A. Congress really cares about our welfare. They want to help taxpayers. B. This is an automatic inflationary increase. Congress makes inflationary increases to contribution limits biannually. C. Congress is worried and panicking majority of Americans cannot afford to retire and will further ...

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by Powers Investments Management, LLC November 15, 2018
INVESTMENTS , SAVINGS

WEALTHY FOLKS BENEFIT FROM DOLLAR COST AVERAGING – WHY DON’T YOU?

To take advantage of ups and downs in the price of stocks, many investors, including myself, utilize Dollar Cost Averaging (DCA) as a strategy. DOLLAR COST AVERAGING: is an automated and disciplined investment strategy. It removes emotions from the investment process because you are investing a fixed amount of money at set periods. As the price of an ETF, Mutual Fund, or stock varies from month to month, you acquire the ...

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by Powers Investments Management, LLC October 18, 2018
FINANCIAL LITERACY

GROW YOUR WEALTH BY REDUCING SPEND ON: TRANSPORTATION, HOUSING & FOOD

Regardless if you are a Doctor, Physical Therapist, Landscaper, etc., the average American spends almost 70% of after tax dollars on just three items: Housing, Transportation and Food. We save on average, four percent. This lack of savings is a recipe for future Titanic size disaster. You will struggle to help your kids attend college or trade school. You will possibly be unable to pay for your Housing, Transportation, ...

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by Powers Investments Management, LLC October 11, 2018
Health Cost
INTERVIEW , INVESTMENTS

THIS WEEK’S BLOG – AN INTERVIEW WITH A SUCCESSFUL MEDICAL DOCTOR WHO SHARES HER SAVINGS AND INVESTMENT SUCCESSES AND OPPORTUNITIES FOR IMPROVEMENT.

I interviewed one of my readers, a California physician. Let’s call her Dr. C. She is blessed with two very bright and beautiful children and kind enough to share her money management journey and lessons learned. I share this interview as an opportunity for my readers to learn about other’s earnings, saving, and investing successes and lessons learned. INTERVIEW 1. When did you decide to become a doctor? What ...

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by Powers Investments Management, LLC September 13, 2018
FINANCIAL LITERACY

DO YOU LOVE YOUR ADULT KIDS? IF YES – HELP THEM TO A STRONG FINANCIAL START IN LIFE!

My Dad and Mom, helped prepare me to become successful. As a father, I have that same responsibility to help my daughter succeed. I constantly read how the majority of Americans live check to check. I have been laid off too many times to live check-to-check! My parents taught me the value of budgeting, living beneath my means, growing my emergency savings, etc and I survived ...

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