All tagged investing 101
Who profits from war? In most cases, the majority of us do. Public pension and retirement funds are often invested directly or indirectly in companies that manufacture weapons and provide military contracts. In this blog post, learn how to see if your investments are funding wars and if you are profiting from them.
As individuals, we all have the power to make a change. Today, money makes the world go round. That is an honest reality that we all must face, which means we need to be more conscious about what we buy, where we park our money, what we invest in, and how we go about changing a system that relies heavily on consumption and growth.
A big question that often comes up is should I be investing even if I have debt?
We all have different tolerance for risk, but a little number crunching will show that paying off debt AND investing will be more beneficial for you in the long run.
Today, I'm sharing with your some tools to help you decide for yourself.
Do you love makeup and beauty products?
Makeup and beauty products typically depreciate the moment you open it. They expire and it’s hard to get your money back on them. If you use them, then you can get your dollar’s worth, but for many of us, some of our makeup languishes at the bottom of our drawers especially if we have a lot of options to choose from. That’s just the nature of a consumer product. Today though I want to introduce you to the concept of buying beauty and cosmetic stock for every cosmetic product you buy. The goal is to buy assets that have a potential to appreciate which means money in your pocket for the future.
The business schools reward difficult complex behavior more than simple behavior, but simple behavior is more effective.
There is absolutely no shortage of investing materials on the internet, but the problem is that there’s too much, it can be overwhelming where to even start. So to help you with that, we’ve compiled a list of resources, from YouTube videos, blog posts and books to help you navigate the world of investing. These are not your mother’s resources.
Without vision you don't see, and without practicality the bills don't get paid.
If your employer told you you would get a $5000 bonus each year, would you take it? Of course we all would, but we would ask the question, what do we have to do to get the bonus? How much to we have to meet in sales? How many projects do we have to complete? What performance metrics would be tracked and what do we have to do to meet it?
Guess what? That $5000 bonus is actually easier to get than you might think. All you have to do is to save money. Easy right? The reality is that many people don't do this because they don't understand what a 401K is or why they should take advantage of it. Today, we are going to breakdown why you should be taking advantage of your 401K to build your nest egg, to build your retirement accounts and get you to financial independence faster.
There are things we don't know we don't know.
Investing is a scary act. It involves risk and reward. It involves research. It involves understanding how companies work and how company information is presented in financial statements. There's an old advice out there that says "invest in what you know" meaning support the companies that you would buy from. For a period of time, I invested heavily in an index that tracked against the growth of the S&P 500. This was a hands off approach and one that I would recommend to those just starting out. There's a lot of volatility (ups and downs) with investing in single companies so instead the idea is to invest in an index fund or a mutual fund that already has a diversified list of companies (meaning the basket consists of various companies from many industries.)
There are these billboards on the highway close to where we live that says we spend more time liking photos on social media, than planning for retirement. This sounds scary to me. I will also be the first to admit that sometimes I get lost on social media. I've learned to strike a balance though by using a financial app that's as easy to use and as aesthetically pleasing as the feeds I see on Instagram.
