Save, Invest, Build Wealth

Blog

Wealth Secrets and Worries of the Super Rich

Posted by on 2:15 pm in Personal Finance, Tips, Wealth | 24 comments

Wealth Secrets and Worries of the Super Rich

The super rich are both similar and different than you and me. Of course they have more money, but the super rich also have problems. Find out what matters to the super rich, their worries and money strategies that you can implement to build your wealth. The Super Rich Have Problems Too “The most important thing for everyone to understand is that no matter how much money you have you cannot buy yourself out of the human condition. And that is that we’re all going to die.” ~Robert Kenny, EdD in Town and Country Magazine Over the years I’ve know some very wealthy folks. Family friends lived on the same island as Gloria Estefan. Jason, a pal I grew up with had a dad who owned a trucking company, lived in a big mansion with full time help, and had lots of cool stuff. Jason’s sister even had a Coach...

read more

Should I Invest In An IPO?

Posted by on 9:25 am in Advanced Investing, Investing, Stocks | 0 comments

Should I Invest In An IPO?

Just Because You Can Invest in an IPO, Doesn’t Mean That You Should Sometimes it feels like the best time to invest in stocks is 50 years ago—not an encouraging thought for someone looking to get started investing in 2018! Since it seems like everything good is already too expensive to start investing in, you might wonder if you should invest in an IPO. An IPO, or an Initial Public Offering, is when a company first makes its stocks publicly available for purchase. This typically happens when the company is young and hip and has potential for some serious growth. Bonus; The Best Way to Invest Sometimes it can be advantageous to invest early. If a stock does increase in value rapidly, it’s always better to have bought early to make the most profit. But there are a few thinks you should take into consideration before you decide if...

read more

Best Asset Allocation Based On Age & Risk Tolerance

Posted by on 10:58 am in Advanced Investing, Asset Allocation, Investing, Reader Question | 14 comments

Best Asset Allocation Based On Age & Risk Tolerance

How To Figure Out the Best Asset Allocation For You Graham from Moneystepper asks; What metric (rule of thumb) would you recommend for asset allocation based on age and risk appetite? Choosing your best asset allocation is not as simple as it might seem. Let’s attack it from several investment angles and throw in a bit of research as well. What Is Asset Allocation?   The asset allocation decision divides total investable funds by percent into specific investment categories. An asset allocation represents the investor’s choice of broad asset classes and the percentages distributed across the categories. The two most common asset classes are stocks and fixed, which includes bonds and cash. Based upon the seminal study by Brinson, Hood, and Beebower, “Determinants of Portfolio Performance”, from the August 1986 Financial Analysts Journal, asset allocation is widely considered the largest contributor to a portfolio’s return. In other words, the individual...

read more

6 Retirement Planning Tips for 50 Year Old’s

Posted by on 12:29 pm in Debt, Insurance, Retirement, Saving, Sponsored, Tips | 0 comments

6 Retirement Planning Tips for 50 Year Old’s

Retirement Planning Action Tips for Today You’ve hit the big 5-0 and the reality that you’re not going to work forever sinks in. If you’re like most Americans, your retirement account is on the lean side. A recent Economic Policy Institute article reports that for households between ages 50 and 55, the average savings balance is $124,831. Yet, all is not lost and at age 50, there’s still a solid 15+ years to go before retirement. With targeted planning, you’ve got time to craft a successful retirement. Read on for 6 important retirement planning tips for 50 year olds: Retirement Planning Tip #1 Get Out of Debt Today I don’t want to hear any excuses. At age 50, if you have credit card debt, a home equity line of credit, a car note and a slim retirement account, then get rid of all debt except a first mortgage on your...

read more

Your Savings Account Stinks. Here are 5 Places to Keep Your Money Instead

Posted by on 9:38 am in Guest Post, Real Estate, Retirement, Saving | 0 comments

Your Savings Account Stinks. Here are 5 Places to Keep Your Money Instead

Alternatives to Savings Accounts – Not Under Your Mattress By, Greg Johnson With many banks offering an APY rate of 0.03% or less, using a savings account as a long-term investment option is not your best money move. You won’t be growing rich by watching your account grow in pennies. Bonus; Should I Pay off My Mortgage or Invest in the Stock Market? Don’t fool yourself into thinking that you are keeping your money safe in these risk-free savings accounts either. Stashing your money in a low-interest savings account means you’re just robbing yourself of potential earnings as inflation eats into your buying power. Right now, you’ve got time on your side. Maybe you have 10 plus years to let your savings grow but sticking with a crappy savings wastes the benefits that time can have on your money’s growth. Instead, use your time more wisely. Take advantage of...

read more

Financial Spring Cleaning: 5 Tips to Stay on Track

Posted by on 9:06 am in Budget, Debt, Guest Post, Money Management, Tips | 0 comments

Financial Spring Cleaning: 5 Tips to Stay on Track

Financial Spring Cleaning How to with Gloria Martinez, founder, WomenLed.org Winter’s giving way to spring and warmer weather, which means the holidays and tax season are in the rear view mirror. It’s time to look ahead to vacation and all the activities that make summer so much fun. You’ll want to be ready for it all, so take time now to do a little financial spring cleaning. Make sure your records and resources are in good order and ready for whatever comes along. Spring is a time of renewal, when you clear out the excess and determine what you want to keep and what you can get rid of. With a little diligence and planning, you can also declutter your finances and put yourself in good shape for the rest of the year with a step-by-step, financial spring cleaning.    Financial Spring Cleaning Tip #1 – Unload Old Bills...

read more

Buy and Hold – The Best Way to Succeed With Investing

Posted by on 9:00 am in Asset Allocation, Investing, Money Management, Mutual Funds, Stocks | 0 comments

Buy and Hold – The Best Way to Succeed With Investing

Buy and Hold Investment Advice for Volatile Markets Get ready, I’m going to reveal the biggest investing secret. And it’s not a bunch of hooey, but based on research by Dalbar, a top investment research firm, findings from Standard and Poor’s research and other investment performance studies. If you think you know how to invest or if you’re a newbie investor, just starting out, you must heed this investment advice. It’s not complicated and anyone with a modicum of sense can beat most of their investing peer. And here’s why: “Investors are more often than not their own worst enemy when it comes to investing. Often succumbing to short term strategies such as market timing or performance chasing, many investors cannot exercise the necessary discipline to capture the benefits markets can provide over longer time horizons.” ~Tom Allen and Mark Hebner, IFA.com Searching for the Investing Holy Grail –...

read more

What is Halal Investing? How to Invest With Your Islamic Faith

Posted by on 3:48 pm in Investing, Values | 0 comments

What is Halal Investing? How to Invest With Your Islamic Faith

Find Out If  Sharia Investing Is For You! By, Alexandra DeLuise What is Islamic Investing? Sharia investing relies on a few guiding principles: Investments cannot profit from debt, so no investing in loans! Investors must choose investment funds or companies that make ethical decisions. Companies that profit from tobacco, arms, or pornography are out of the question. Investments should be vetted by a sharia review board to ensure that the choices follow halal investing It is not uncommon to want investment options that match your ethical standards. For some of us, however, religious expectations for money management may not align with many of the traditional options. Sharia investing can be an answer to those practicing Islam who want their money to grow. Usman Hayat and Adeel Malik, the authors of a 2014 study of Islamic finance by the CFA Institute explain Halal investing, “Because Islam tends not to distinguish between the temporal and...

read more

TIPs Bonds – Perfect Investment to Protect Cash From Inflation

Posted by on 8:14 pm in Bond, Inflation, Investing | 3 comments

TIPs Bonds – Perfect Investment to Protect Cash From Inflation

 TIPs Inflation Bonds – Protect Your Cash From Inflation “Inflation is as violent as a mugger, as frightening as an armed robber and as deadly as a hit man.”  Ronald Reagan  Since inflation has been tame in recent years, it’s easy to forget about it’s violent impact. Yet, TIPs bonds can protect your cash from rising interest rates.  One of President Reagan’s (1981-1989) political challenges was combating the rampant inflation of the time. He entered office after record levels of inflation! Here are the inflation rates from 1975 to 1986:  YEAR AVERAGE INFLATION 1986   1.91%  1985   3.55%   1984   4.30%  1983   3.22%  1982   6.16%  1981   10.35%   1980   13.58%  1979   11.22%  1978   7.62%  1977   6.50%  1976   5.75%  1975   9.20% Inflation is devastating financially. If you bought a video game in 1975 for $47.38, that same game would...

read more

6 Ways to Make Money Buying and Selling Websites

Posted by on 3:57 pm in Guest Post, Make Money | 1 comment

6 Ways to Make Money Buying and Selling Websites

How to Invest in Websites for Profit Guest contributor, Mohit Tater The online world is changing rapidly and online commerce and marketing is ripe with profit opportunities. You can make money buying and selling websites with a variety of strategies. From flipping, or buying, optimizing and reselling to buying for your own use, there are many ways to make money with a website. To get the best return on your website investment, there are certain strategies to follow. A smart website investor searches for ways to maximize her website investment, so that the website fits in with her overall business strategy. 5 Strategies to Make Money Investing in Websites 1.  Invest in a Website That Complements Your Existing Business Invest in a site that aligns with with your interests or your existing business. Investing in sites where the visitors can be potential customers for your products or services is...

read more