Billionaires don’t keep their money in cash; their wealth comes from their net value. The net worth is a reflection of the things they own – companies, stock, and property. They reinvest every profit because if they keep their money in cash, inflation will eat a chunk every year. The neverending talk about billionaires and …
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 …
The more you delve into investment strategies, the more you seek methods of investing at lower prices or when the market is volatile. Some newbies prefer to stay out of the market when it’s volatile; well, they may be staying out for a long time because the market is volatile for the most part. One strategy experienced investors use …
If 2020 has taught us one thing, it’s that you can’t always predict what’s about to happen or how you’ll react. Whether it is a national stock market crash or a worldwide pandemic, people act similarly. Panic and fear take the best of us. Remember how almost everyone overstocked on toilet paper back in March …
During my school years, I always thought the smarter kids would have a better lifestyle. Graduating from college, I realized that nothing could be farther from the truth. Those who were risk-takers in life (whether it’s their career choices or investments) were the ones that came out on top. When it comes to investing, what …
Saving and investing money to grow your wealth can be stressful, knowing what your risk tolerance number is could be a game changer in how you see things and take action. In 2010 I was going nowhere, my finances sucked. In 2013 I started understanding personal finance, learning more about it, and getting myself (and …
