“He’s got a goal to be a millionaire. He’s doing it through savings, and he’ll get there. This guy is a fantastic role model,” O’Leary says. “He’s growing the wealth of his family successfully. He’s focused on it, but he’s happy too.”
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FINANCIAL LITERACY , INVESTMENTS , MENTORS
STYRON’S LESSONS FROM GEORGE WONG’S SERIES – HOLIDAY GIFTS FOR THE KIDS; BUY THE TOY COMPANY, NOT THE TOYS
It is smart to teach your kids about investing by buying them stock. My favorite gift for my daughter and niece - buying them shares of stock!
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RETIREMENT
ACHIEVING YOUR FINANCIAL FREEDOM WITH THE 401-K & GREAT NEWS – CONTRIBUTION LIMITS INCREASE IN 2022 – WHAT ARE YOU WAITING FOR!
The Feds increased 401K contribution limits to $20,500 in 2022, which is an increase from years 2020 and 2021 limit of $19,500. Catch-up contributions to retirement accounts for those age 50 and up will remain unchanged at $6,500. Including their regular contributions, people 50 and up will be able to stash up to a limit of $27,000.
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A budget is boring, anal and helped me achieve financial freedom.
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I have never discovered EASY money except for winning the lottery, which has better odds than Congress doing their jobs. Today's dreamers of fast and easy $$$ are chasing Cryptocurrencies, Meme stocks (last week's blog- See You “May Like” Section Below), and other quick bucks stuff. When you see so-called “Subject Matter Experts" advertise on Facebook, Instagram, etc. "For $999.00, TODAY ONLY, I will teach you to ……." DELETE IMMEDIATELY! If someone has a ...
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Apple has delivered an average return of 43.5 percent per year for the past ten years. Suppose you or your parents invested $100 per month during those ten years in Apple stock and placed it in a ROTH IRA. You would have contributed $12,000.00 principal—but more importantly, have accumulated an investment gain of $190,211.00 with a total account value of $202,211.00. When you reach retirement age (59.5 years), you will owe ZERO dollars in taxes on ...
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Every successful individual regardless of the field, did so by outworking the competition.
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I consider the Roth IRA one of the best available financial and investment tools. Saving in a Roth IRA early was one of my best decisions!
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To accumulate wealth - YOU MUST WORK FOR IT.
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FINANCIAL LITERACY , RETIREMENT
ONE OF THE WORSE MISTAKES YOU CAN MAKE WITH YOUR 401 – (K) WHEN CHANGING JOBS
ONE OF THE WORSE MISTAKES YOU CAN MAKE WITH YOUR 401- K WHEN CHANGING JOBS Several years ago, a good friend confided she cashed out her 401K and spent the money. At the time I thought an unwise decision. But of course being less diplomatic (hard to believe right) I said something more in the line of: YOU DID #$@% WHAT ? I was reminded of this story last week, when I ...
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