Two pictures telling two very different stories. If you can understand the difference, you’re further along than most in your financial education. If you can’t, that’s okay too. I’m going to teach you what they mean and how they can help you retire rich.
We all have a Chicken Little inside us, fearing that with every downturn in the market, hit to our investments, or alarming news story, the sky is falling. Today’s issue will give you five methods for killing your inner cynic, to help you sleep easier at night and also keep you from closing yourself off from opportunities because of fear.
I think it’s much riskier to rely on an employer for your financial well-being than it is to become financially educated and to invest your money wisely. But over the years, I’ve learned three key reasons why my poor dad really thought investing was risky—and why it was for him, and others like him.
78 percent of NFL players will go bankrupt within two years of retirement according to Sports Illustrated. Whether it’s football, the lottery, an inheritance—when people suddenly come into money, more often than not, they are unprepared for how to deal with the windfall. Let me tell you why… and how you can avoid that sort of fate.
If he were alive today, my poor dad would have struggled financially even without his bad investments. He most likely would not have been comfortable. Today, the middle class is quickly disappearing. But it’s a different sort of disappearance than people think. Read on to learn more.
The economy is booming. Which means the market is up, people are looking at their higher net worth, and thinking it means they’re rich. Yet, this understanding is exactly what caused the demise of so many uneducated investors in the early 2000’s and even more so in 2008. Don’t fall into the trap. Work around it.
Last week, Amazon announced it will be raising its lowest-paid U.S. employees’ wages to $15. They said they would now lobby in Washington D.C. for an increase in the federal minimum wage and urged competitors to follow. But I ask, will an increase in wages actually shrink the gap between the rich and the poor?
While millions of Americans are willing to spend $2 on Powerball tickets, so few are willing to take the time to educate themselves about money—the thing they clearly want. Find out the price of being cheap when it comes to your finances and understanding of what they actually are.