Daily Archives: December 6, 2017

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Afraid of Spending Money On Schemes and Ideas That Do not Work?

Article # 12

It is time to educate yourself about your money. The economy is already plunging into more debt than we can handle as Americans. And there is more junk on the news and Internet with people pushing their product or service down our throats. It is very easy to get confused about the schemes on the Internet. So do not spend your money on the lofty ideas of others that may or may not work. Do your due diligence and research those companies before you spend your money.

A great resource is a book by Robert T. Kiyosaki called 'Increase Your Financial IQ'. In this book, Mr. Kiyosaki tells you how to get smarter with your money. He teaches you about making more money, protecting your money and leveraging your money. According to the book, "Many of our global economic problems started in 1971 when President Nixon took the US off the gold standard. Through history, when a government went off the gold standard, an age of turbulence began." So that means if our money is not backed by gold it is worth nothing more than a piece of paper as an IOU. The book goes on to say, "Gold and Silver: Money made by God.

The US Dollar, yen, and Euro are examples of man-made money. When man-made money returns real money, turbulence always follows. In turbulent times, your financial IQ is more valuable than gold. "You must know why the banks are stealing your money. You must realize the home you are living in is not an asset. investing in real estate. We need to get wise about our money to avoid spending it on schemes and ideas that do not work. That requires increasing your Financial IQ. next step. We do not want to let the government tell us how we spend the money we earn. it's up to us to take control of our money.

Isabella Fiorentino …


Proper Investing

Investing money takes time and patience, but the rewards are tremendous and long-lasting. By saving money long-term and preparing for life after your career is over, you’ll really put the “golden” in golden years. There are some things that you must know about investing if you want to make the most of your money and time.

Save or Invest?

Five years is the benchmark to use to determine whether to save or invest. There is a difference. Saving is more short-term, while investing is long-term. For example, if you are planning to buy a car soon, you’ll want to save a pre-planned amount each month in a basic savings account. You’re just looking for a safe place to put the money, so don’t worry about earning interest. After several months, you can go buy the car (look for a good bargain and use the power of cash to get a discount).

On the other hand, if you have a 5-year-old child and want to start saving for his or her college fund, then you want to invest. If you are planning to retire in 25 or 30 years, you would invest money, rather than just save it. In terms of investing, put your money in good growth-stock mutual funds with at least 10-year track records. Put 25% of your money each in growth, growth and income, aggressive growth and international funds.

Why Invest Now?

The reason that you invest your money when you have a lot of time is just that: time. Over any given five-year period, 97% of the mutual funds on the market make money. Not only that, but the stock market has averaged a growth rate of 12% per year over the last 70+ years. Not only is time on your side when it comes to investing, but solid performance by the market is as well.

That doesn’t mean a solid growth curve of 12% each year is guaranteed. It means one year the market might grow 7%, the next year 10%, and the next year 19%. That comes out to 12% per year, and since you leave money in an investment for several years or even decades, then you come out a winner there.

Let’s look at an example. If you want to retire at age 65 and start investing just $200 a month at age 45, you’ll end up with about $193,000. That won’t cut it if you’re going to spend 20 or 30 years in retirement and expect to live off the interest. If you begin investing that same amount at age 35, you’ll have almost $649,000. Better, but probably not good enough. If you start at 25, though, you’ll finish with over $2 MILLION! You’ll be able to retire with dignity, give money like you’ve never given before, have serious fun, and leave a huge blessing to your spouse and children.

You get out of investing what you put into it. The sooner you complete the first three Baby Steps, …