This is the concluding part of my discussion with a young man who asked how to grow his money. He earns between $60,000 to $90,000 annually, and his savings are in six figures, but he is only getting 0.06% annually for all his effort. So he wanted to know if he should delegate his fund …
A couple of weeks ago, someone reached out to me, and I feel it’s important I share the story with you because, as it turned out, several people are facing this challenge. Also, I have seen the same question pop up in many forums where personal finance is being discussed. So, this young man said …
Depending on the option you chose, you’ll need at least $100,000. You can create a portfolio of around $400,000 in different stocks; purchase an online business for 3 times their annual earnings, or buy a rental property. Earning an additional $1,000 each month can change your lifestyle. It might not look as much at first, …
In essence, many full-time federal employees earn about $18,000 yearly. So, if you want to make $20,000 annually, you will need to earn more than the minimum wage of $9.61 per hour. Frankly, surviving on $20,000 a year is challenging because that is not even your net take home. Your monthly after-tax will come to something around …
In my many speaking engagements, I have had to ask the younger people who are just leaving school or still in school if their institution has started teaching “Money” as a subject. Sadly, I’m still getting the same feedback, which is, No! I have never understood why we pay so much attention to money issues …
How many times have you heard you need to spend money to make money? We’ll take a wild guess and say over one hundred times. But have you ever explored how you can spend the money in order to double or triple it? To start a business, you need some starting funds. That money can …
Your first encounter with the real estate market might raise some questions, especially if you’re looking to buy a house on an average income. House prices are going up, but income is not changing as much. If you haven’t been attentive to your personal finances, you might wonder how do people afford houses? The downpayment …
