Simple Practices that Lead to Wealth
Just in case you haven’t watched the financial news lately, everyone is up in arms about High Frequency Trading. HFT is employed by financial firms with superfast computers, who can execute stock trades much faster than retail investors.
I read an interesting article over on Main Street.com where they claim half of the financial planners don’t have a financial plan for themselves. So, how are you supposed to trust someone with a plan for your money, when they don’t have a plan for their own? Either they are completely incompetent, they don’t believe it’s that important …
Continue reading “Why You Need a Financial Plan”
The median American household will earn roughly $2.5 million during their working life. Married households will earn roughly $3.8 million. Most people make more or less. Others work longer or retire sooner. The point is, Americans earn millions during their lifetimes and never become millionaires. Don’t let that happen to you. Source: US Census Bureau …
Continue reading “You are Wealthier than you Think”
One of the harsh realities of the new millennium is a dearth of good-paying jobs, even for college grads. It’s obvious middle-class jobs are quickly disappearing and being replaced by low-paying retail and service jobs. Wage erosion is only going to get worse in the future. Here is how to survive and get paid a …
Continue reading “How to Maximize your Income”
I read a really sad story this week about Kevyn Ogawa, a young grocery store clerk who won the lottery in 2009. He is now suing his financial advisors for selling him $100 million in life insurance policies, despite having no spouse, no children, no siblings and no clear need for the death benefit.