$ WEALTH BUILDING POWERS

by Powers Investments Management, LLC March 2, 2020
Financial Literacy , INSURANCE AND ILLNESSES

HOW TO MANAGE CORONAVIRUS HEALTH AND INVESTMENT RISK

{Continuation from last week’s blog:}  WHEN THE U. S. HAS A COUGH THE REST OF THE WORLD CATCHES A COLD – WHAT HAPPENS WHEN CHINA HAS A CORONAVIRUS? https://wealthbuildingpowers.com/2020/02/24/when-the-u-s-has-a-cough-the-rest-of-the-world-catches-a-cold-what-happens-when-china-has-a-coronavirus/}   Last week I attended several sessions where U. S. Administration officials, including Vice President Pence, discussed the Coronavirus, known risk and actions the U. S. has and is taking.  Fifty-nine countries are reporting Coronavirus cases and as of March 1, 2020, there has ...

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by Powers Investments Management, LLC February 17, 2020
Financial Literacy , Savings

THE “RULE OF 72” – YES YOU NEED IT!

        Have you heard of the “Rule of 72”?  This simple rule helps your HARD-EARNED MONEY grow!  The “Rule of 72” approximates how many years it will take for your money to double, given a fixed rate of return.  The formula: {72 / interest rate = Number years to double}. How long do you believe it will take to double your money if placed in a typical U. S. savings account?   ...

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by Powers Investments Management, LLC December 16, 2019
Mentors , WEALTH BUILDING POWERS

DOES IT MATTER THAT 73 PERCENT OF BLACK BABIES ARE BORN TO SINGLE MOMS?

Too many black fathers, are missing from too many lives and too many homes. They have abandoned their responsibilities, acting like boys instead of men. We know the statistics — that children who grow up without a father are five times more likely to live in poverty and commit crime; nine times more likely to drop out of schools and 20 times more likely to end up in prison. They ...

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by Powers Investments Management, LLC June 10, 2019
401k millionaires
Investments , RETIREMENT

DO YOU WANT TO JOIN THE 401K PLAN MILLIONAIRE CLUB? {KINDA OF LIKE THE MILE HIGH CLUB – BUT A LOT LONGER LASTING!}

THE MILLIONAIRE STARTER KIT - 401-K PLAN Top of the Day Dear Readers!  There are too many savings strategies that require quantum physics to understand.  Personally I hated physics.  One of the best and simplest strategies I used to maximize my wealth is the 401-K plan, especially when powered by compound interest. When you combine the magic of compounding with the 401K you will see why it is a millionaire-building tool!  ADVANTAGES OF A ...

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by Powers Investments Management, LLC May 16, 2019
WEALTH BUILDING POWERS

Why even ambitious people rarely become successful

https://www.theladders.com/career-advice/why-even-ambitious-people-rarely-become-successful When you’re committed to something, you will be and do what is required for the attainment of that thing. You’ll stop wondering and start building. You’ll stop being distracted and start learning. You’ll start connecting. You’ll start failing. You’ll get what you want, rather than have a long list of “ambitions.” You’ll have actual accomplishments that reflect your inner goals and values. Your external environment will reflect your deepest internal views and ...

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