Disclaimer: This track doesn’t belong to me nor is it my voice. My daughter can claim that. 🙂
When you start to think and act differently, from your friends who keep doing things the same old way; watch how small your circle gets. Be good with that (small circle of true friends) and keep on improving yourself- they will support you. Elevate higher (grow your knowledge) and stay focused on the prize (building wealth). What’s more important? Having a bunch of fake friends with drama in your life or peace of mind?
Step up and out of that rut of negative energy and build your legacy, one stock, bond, REIT at a time. Surround yourself with like-minded people; find your tribe, go to meetings instead of to the club (unless you’re promoting your brand through your music or work there). Don’t get me wrong, it’s okay to go out to a live concert and maybe even hang out with some friends once in a while, but never let that be the thing to do just to do it. Put some discipline in your decisions. Live your life and set the example of what energy you will allow. When you start loving yourself unconditionally, you build the confidence that attracts more of the same and those “fake friends” causing trust issues, will disappear!”
By clicking on the link you and I can earn $5.00. Remember- pennies add up to dollars let’s keep it going!
A lot of people don’t trust the stock market, but there are others who have been making millions off it, and if you learn a few things about the markets, it a great option to grow wealth. Yes, I know that you can lose it too; but every bear market has recovered more often than not. So, do some research and read, read, read about the company before investing in it. Disclaimer: I am not an advisor, I just trust my gut feelings and use my research skills to put my money in investments that meet my goals and investment style.
Or, you can let Acorns help you by investing the small change from your everyday purchases and watch your earnings grow. Just don’t get all emotional because you saw your portfolio drop a few percentage points- stay in it for the long haul. I looked at my overall performance and saw one day that there was zero dollars and the next it was back up! “Set it and forget it” has been my motto and it’s been working so far. I just peek at it once in a while.
Bottom line- we all have trust issues. Face them and move forward. I hope you enjoyed the little song clip by IAmLayla and the words written here today! That’s all folks.
“In light of recent market volatility, remember that your retirement plan is intended for long-term investment. Attempts to time the market are rarely successful. One way to manage risk over time is to ensure you have a diversified portfolio that is re-balanced through up-and-down markets. Keep your individual needs, goals and time horizon in mind and consult with your financial adviser if needed. It is important to note diversification and re-balancing do not ensure a profit and do not protect against loss in declining markets”.- JPMorgan Chase Investment Council
A retirement plan is not a sprint folks- it’s a marathon. There will be some declines, but the most important thing is to remember to stick to the plan and not panic! I know, it’s easier said than done, but trust me, things will change – it always does. Understand your risk tolerance. Money is just another source of energy- do not let your emotions take over when the markets drop. Research indicates that over time, it will rise again. When markets drop is the time to invest or not! That’s your choice but whatever you do- please remember that your broker doesn’t have control over the economy, so go easy and review your portfolio to see where adjustments can and should be made. My two cents? Ride it out and keep your eyes on the “end game”.
You know me by now- I like to keep it informational and short and sweet.
Financial Illiteracy Epidemic & Opportunity to Serve
Financial problems have reached epidemic proportions in our country, a crisis that causes major problems at both the community and national levels. Financial issues contribute to a variety of troubles many people face today: from crushing debt to retirement shortfalls. And the stress associated with financial issues can have devastating emotional impact. This epidemic hurts not only individuals, but the community as a whole.
Current statistics clearly indicate that many Americans are suffering greatly from a lack of practical financial knowledge. Reading these statistics and research is like looking into a crystal ball. Learning that as many as 75% of college students lack money handling skills tells us that those students are likely to run into credit problems in the future. Reading that the majority of U.S. adult workers have no savings or retirement plan tells us that those people will be unable to retire.
The U.S. economy is consumption-based. As people become unable to afford purchases- that reduces the country’s GDP. The whole world will feel the effects. But according to the NFEC, the country’s leading financial education providers, simply raising people’s personal finance knowledge empowers them toward secure futures.