HOW TO BEAT THE BANK
When you think about “The Bank” what comes to mind is it “money” or “security.” In this post I want you to see the bank as it really is, (infrastructure).
To beat the bank first you have to think like the bank. If you want to be successful, just study how banks make money.
Let’s start with the terminology (words used in banking).
Debit & Credit
Debit, is an entry recording an amount owed.
When you take out $100 from your account, the bank will debit (pay) you $100.
Credit, is the ability to borrow money
So when you save money into a high yield savings account or CD at the bank. The bank is receiving credit (a loan) and in return they give you interest.
If you don’t know what a CD or high yield savings account is then you can click on this link to learn more
How Banks move money
When you save your money in a bank they lend the money back out through credit cards and loans. The bank will also stay liquid only a certain amount for you to make a withdraw.
So in other words the bank will borrow your money and give you 0.006% interest. Afterwards the bank will lend you, your own money through a credit card or loan and charge your anywhere from 5 to 29 percent interest.
How to Compete
The only way you can compete with the bank is by making riskier investments and utilizing everything you have while your still young and cut cost to budget more of the money to the side.
One of the most innovative ways to invest your money now is in crypto, but don’t jump into an investment without knowing enough to base a decision off what you know.
“The more you learn, the more you earn”
Someone quoted this before and people don’t know how to utilize this quote today. This quote is for investments and business, so go out there and learn something NEW!
Thank you for reading
The Way I Save
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KNOW THIS BEFORE GETTING LIFE INSURANCE
On the last post about life insurance I presented three questions you need to ask yourself before getting life insurance.
In this post I’m going to be answering each post so that you know enough to get your very own life insurance policy.
What does the insurance company get in return?
I’m sure you asked the question “how much does the insurance agent make on a life insurance policy?”
Of course the agents wouldn’t want you to know this, but the average Life insurance agent receives 95 percent of what you pay the first year in a policy. When you renew your policy they receive 5 to 10 percent in commission on the policy for the next year.
What types of policies are out there?
There are so many life insurance policies, but they all stem from the two major policies Whole life and Term life.
This policy is built to spread the cost of coverage throughout your life span and it is solely built off of your contribution so it is more expensive.
The benefit of “whole life” is that it does not expire and has set payments. Also as long as you make the proper payments on the policy the insurance company is bound by the contract agreement.
Another benefit of “whole life” is that the policy builds cash value, which means you can borrow against the policy.
CONS: This policy is expensive.
This policy is built to cover you over a specific period of time usually anywhere from 10 to 20 years.
The benefit of “term life” is that it tends to be six to ten times more affordable than a whole life policy.
Another benefit is that “term life” can be converted into a whole life policy giving you full life long coverage.
CONS: This policy does not hold a cash value and will expire.
Which policy is the best for you?
My personal opinion is that term life is better because of how you can convert the policy into a whole life plan, but there are cons for doing that. Such as, the policy gives less coverage and if you withdraw money from the policy you leave less for your family after you pass away.
The best policy would be whole life, if you can afford it the policy has no expiration date and holds a cash value. So you don’t run the risk of getting nothing from your insurance policy.
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The Way I Save
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INVESTING MADE EASY
The key of making money in stocks is not to get scared out of them.Peter Lynch
The hardest decision you can make is picking something to invest in, but this process can be simplified the more you invest.
Peter Lynch is one of the most iconic investors that simplified investing for average individuals, just by suggesting people to invest in the things they love and understand. Which begs the question why arent you investing in stocks today, and for those who are invested why arent you investing more.
Just to get this through your head, the hardest decision you can make is the decision to simply start investing. The more you procrastinate the more your missing out on passive returns, and the best way to learn how to invest is simply through experience.
So many entrepeuners will tell you the best way to learn a trade or a new skill is by trail and error (just hurry up and fail). The bigger the fail the better the outcome, remember after every failure ask yourself “why didn’t this work” or “what did I do wrong.” Asking these questions will help you over come the struggles of investing and come out a successful investor.
When your investing the second most difficult task is keeping your emotions in check. When I began investing the was a company that I had my eye on and I originally bought stock in this company was very innovative because of the their eco approach (how they helped the environment).
Well over the years I saw the stock go up and down, it was like a roller coaster ride. I couldn’t stomach the fact that I could loss everything so I got out.
That company was “Tesla”
If you believe in a company, all you need to do is to first study the background of the creator of the company. If I would of known that “Elon” first created “x.com” I would have realized that he was successful before Tesla.
Only knowing what you need to know helps build emotional intelligence.Caleb Peters
So remember to hold on, no matter how risky the ride gets because your first decision is normally your best decision.
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The Way I Save
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WHY DO PEOPLE GET LIFE INSURANCE ?
We’ve all have been approached by someone selling life insurance. Personally I have been approached by random guy at 12pm in a Waffle House selling life insurance, but what is the actual reason why some people purchase life insurance and should you purchase life insurance too?
Is life insurance a scam or real
Depending on which company, life insurance can be a scam, it’s almost like a legal “Ponzi Scheme“. Companies who sell life insurance use multi-level marketing, which means to be an employee you have to be a user of product and the only way to make money is to invite more people.
The real life insurance side works through the customers life span which means, when an individual purchases a policy someone else is cashing out. To be honest all life insurance companies are like this, but it doesn’t change the fact that life insurance is important.
What does it do
Why is life insurance important? Picking a policy is important because of the way our society is nowadays.
Individuals are simply not able to save for their retirement because of the debt that is made by them or their parents. Unfortunately, When you or your parents die they can either leave you with a legacy of wealth or debt, and in many cases its always debt.
Now what life insurance does is take your contributions and a portion of your money goes towards funeral cost, but that’s not all it covers and depending on your policy you can leave your kids with a lot of money.
So now you found out how to turn your kids into trust fund babies, congratulations.
Know before you own
Those few things you need to learn before getting a policy are:
What types of policies are out there ?
Which policy is the best for you ?
What does the insurance company get in return?
And I will be able to answer all these questions in my next post so stay tuned and keep reading.
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The Way I Save
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HOW TO CREATE PASSIVE INCOME?
Passive income is not always easy to develop ínfima to you might lose money trying to create it. So in this post I want to show you how I currently make passive income and how you can start creating passive income for yourself.
Keep in mind it is not easy to create passive income with that in mind, what ever trade you want to go into, study first by reading books. This will reduce the risk in creating passive income.
Stocks can be one of the most passive investments, depending on how you invest. I prefer investing for the long run because slow and steady wins the race. So one of the main factors I like to see when I invest in stocks is dividends.
Dividends are company earnings that are annually distributed amongst shareholders.
Also in some cases dividends is handed out monthly, so make sure to really study your stocks by using www.sec.gov. From the SEC website you can search up company records, all you need to do is go to the search tab and type in “EDGAR SEARCH,” once land on that page type in the company’s name or ticker symbol.
HIGH YIELD SAVINGS ACCOUNT
High Yield accounts are easier to find but to make a significant amount from interest, you have to have over $10,000 in the account in my opinion. These account are made to give you higher returns compared to a regular savings account or bank account.
Remember this is less risky, when it comes to making passive income, so the returns are not really as big as stocks. What I suggest is to create an account just so you can have money ready to use for convenience but still have money working for you by paying you interest.
There are plenty of places to collect royalty fees, just to give you an example for “The Way I Save” one of the sites that the blog collects a royalty fee from is merchandise. Teespring is a good site to create graphics that can go on any product and if someone purchases your product you collect a royalty fee.
Now each product can give you more or less money the profit margin varies, but it’s fun and simple to set up. If you want to see an example on how it looks click over to the products page of “The Way I Save” located on the menu tab.
What is a P/E Ratio?
So I don’t know about you but P/E ratio is very important to me, which is why in this post I want to break it down to you on why it’s important and what it is.
I can tell you firsthand P/E ratio has changed my way of thinking when it came to investments, because it allowed me to learn more about the company in general.
P/E RATIO IS…
The P/E ratio is a simple break down of the business answering one question “Is this company profitable,” but just as a disclaimer there are other ways to tell if a company is profitable.
Just by looking at the P/E ratio should give you and indicator of what the company is worth and if it’s overpriced. As my rule of thumb I like to look at companies that have a P/E ratio less than 15.
WHY IS P/E IMPORTANT
P/E is important because the only reason investors buy stocks is to receive dividends or increase their capital. If a company has been profitable for 5-10 years and would you invest in that company?
Each sector has a P/E ratio that sometimes averages higher than 15, which doesn’t always mean their over priced. I particularly like to receive dividends and the companies that pay a good dividends are usually undervalued. The reason undervalued companies pay is because they need more investors to help fund their expansion. So to keep the investors happy the undervalued companies hand out dividends so you won’t leave.
I hope this post helped you out.
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THE WAY I SAVE
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Simple Money Management
Every good business and rich individual knows how to do one thing very well. Successful people probably don’t touch on this topic a lot, but the route of financial success is simply good money management skills. Managing your money can be difficult at times, but although it’s difficult it can be simple too.
This post is going to be dedicated in showing you simple ways to manage your money, so that you can have the keys for success.
I know a lot of influencers talk about paying yourself but they don’t particularly share how they pay themselves.
these are the ways I pay myself weekly and sometimes monthly:
• my 401(k) plan
• buying stocks
• other investments.
Essentially I take whatever is left in my savings accounts and use it to do one of these three things. Now since my 401K is already taken out of my paycheck, I really just use my savings for the other two.
I know a lot of peoples method or system when it comes to their personal finances, is to simply cash the check and stuff it in a box. Cashing your check is the worst method or system you can use, as Grant Cardone says “cash is trash.”
This is true because it doesn’t pay to have cash, it pays to have assets.
My personal method or system for handling money, is to deposit everything I make into my savings account. All I do is deposit and transfer for bills, that way after paying my bills I’m able to see what’s left for possible investments.
You don’t have to use this method, all I’m saying is that this works for me so you should try it and see if this system works for you. You can create any method or system for yourself as long as your know how you spend money.
These are just a few concepts I use I hope this helps you when it comes to your personal finances. Like I said from the beginning managing money can be difficult but also simple, so I hope these concepts were simple enough for you.
You can let me know if these concepts work by leaving a comment on this page.
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THE WAY I SAVE
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The Importance of EPS
When it comes to choosing a stock EPS is the most important thing to look at before investing and in this post I’ll give you reasons why its important and I’m going to explain what EPS is.
Well for starters EPS stands for earnings per share.
One of the main reasons why EPS is so important, is because EPS will let you know whether or not a stock is worth investing in.
A higher EPS shows investors that a company is profitable. When a company is profitable it’s more likely that the investor will receive dividend payments from the company.
When the “earnings per share” increases 25 percent, it also reflects a higher demand from the company. This can be because of the rising popularity of the company or an increasing need for the companies products.
For example, have you ever heard of “Zoom” before the pandemic. In 2020 the eps for Zoom was calculated at 0.27, in 2021 it went all the way up to 2.91, that’s over 25 percent.
When the earnings per share for the company increases each quarter it represents future profitability for the company or consistent growth.
Before I purchase a stock I look at the estimated earnings per share and the actual earnings per share for each quarter. If a company passes its estimate earnings each quarter it shows The consistency of it’s performance.
Their are plenty of other reasons why EPS is important but these are the main reasons why you should pay attention to a company’s Earnings per share.
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How to Leverage your Money
I’m sure everybody’s heard of the saying buy low and sell high and that’s not just for the stock market that’s for every single thing you purchase. In this post I want to let you know about ways to leverage your money. I’m going to be sharing the ways that I personally have considered or successfully done myself.
So without further ado the first way to leverage money is with books. I have personally invested in several books like for example stock market 101, The intelligent investor, and the richest man in Babylon. With this investment of $57 in just these three books, I have made over a thousand dollars in 6 months.
This is just one example of how reading or listening to books can actually leverage your money. I am still utilizing the information used in these books today, which is also proof that it is a long term investment.
When it comes to courses it is another way to leverage your money, but you have to be careful when it comes to choosing of course. I say this because there are courses that charge an arm and a leg for information that could’ve been provided somewhere else cheaper.
Also you have to be strategic when choosing a course what course can you take that can translate into more money for you. For me it was taking an accounting course to help increase my know-how of budgeting and maintaining my personal finances.
Finding mentorship can be priceless and offered for a little to no cost, but there are people in places that charge you for their mentorship.
My advice is to start start with who you know and find people who invest their money in particular ways.
For me I have found plenty of mentors to draw near to who invest in real estate that are not only willing to share what they know, but are capable of partnering with me on deals.
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The Way I Save
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Goals For your Money
Many people create goals they want to accomplish at the beginning of each year. Some people accomplish these goals, others forget about the goals that they have set for themselves. The most successful people break down their goals into realistic task and give a time frame for the goal to be completed. If your new year resolution was to make more money this year, then you clicked on the best post for you.
In this post we’re going to break down your goal into making more money into realistic task but first lets be clear about the time frame. We want to complete this goal before the next year, so lets make this a 10 month goal.
TASK NUMBER 1
What are you passionate about and why? When you figure out what you are passionate about you will be willing to work more hours during the day. When you figure out why you are passionate about something it prevents you from getting burnt out or tired, and if you do get tired then its not a big enough “why.”
You don’t have to think too hard to realize what your passionate about because chances are you want to change peoples lives. So all you have to do is figure out what part of peoples lives you want to change. For example, I want to change the way people operate their personal finances so they can have financial freedom. The reason why I want to do this is because 80% of America is in debt and 55% of that debt is in credit cards.
So now that you know you want to impact peoples lives, and what part of their lives you want to impact, figure out how your going to impact them. Is it going to be through books, seminars, music, or a podcast.
TASK NUMBER 2
Supercharge your learning, when you find out what service your going to do, you need to learn more about the service (do not sell yourself short when it comes to the price of your service and do not overprice it.) You need to have a strategic method of learning too, so when you find the service you want to provide ask questions like how? Where? Why? and Who? Then learn the answers to each question. Start with the basics learn how to find the right people to partner with to eventually form a business, you need marketing, accounting, and specialist in the field.
TASK NUMBER 3
What ever money you have now, chances are your going to need more. So find things to flip, sell, or invest in that will give you enough cushion to start your business. I didn’t say it will be easy, but it is doable. Simple ideas to flip would be cars, shoes, or furniture.
I hope you enjoyed reading this post and I also hope it inspired you.
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The Way I Save
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Last post was about how to simply manage your money, this post is going to touch on where you should store your money. If you haven’t found out yet, saving your money at a bank only gives you a return of 0.01%.
That means you get ten pennies for every $1,000.00 you save. That’s ridiculous, but don’t worry there’s better ways that are just as safe and give you higher returns. In this post I’m going to share a few that I was able to try.
HIGH YIELD ACCOUNTS
If your not into risky investing you can still get a good return on your money, while keeping your money at the bank. For instance, synchrony offers you 0.55% for storing your money with them.
I believe the best high yield account out right now since the pandemic is Brinks. Brinks is offering 5% for storing your money with them.
You don’t have to buy stocks to make money, some brokerage accounts give you interest for storing your money with them.
If you have under $10,000 TD Ameritrade will give 1.25% for storing your money with them in a brokerage account, this interest rate might vary.
BITCOIN SAVINGS ACCOUNT
The last way I recommended storing money, is with Bitcoin savings account. For this account you have to own a type of crypto currency that the account accepts, and have an up to date digit wallet for storing the coin.
Nexo has one of the bitcoin savings account available for you, and they offer you anywhere from 8% to 12% for storing your bitcoin with them.
I hope you found this post useful, thank you for reading
The Way I Save
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There are plenty of reasons why you should diversify your investments, but in this post your going to be reading about the advantages of diversification.
Diversification is the practice of spreading your investments around.
The first advantage of diversification is when you diversify your stocks or money you are able to take advantage of growth opportunities in different sectors of the market.
You don’t have to know which stock to pick you just have to know which industry is going where. Once you figure that out, you can simply purchase a Mutual Fund, ETF, or Index Fund that is already diverse in that particular industry.
The second advantage of diversification is that when you diversify your stocks or money it keeps you stable during tough times. With this pandemic, businesses are going under and investors that aren’t diversified are losing money.
Since I knew businesses are being affected during this pandemic, I invested in gold when the shutdown occurred which saved my investments.
When one sector goes down there is always another sector that is going to be prospering, you just have to diversify.
The third advantage of diversification is knowledge. When one sector or industry is going down that’s your trigger into buying either one good business or one outstanding ETF in that struggling sector.
Now each time you log on your brokerage account, if your diversified enough, you should see where the market is headed. You can see which sector has gain momentum and where to put more money.
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HOW TO START GENERATIONAL WEALTH
Just remember it starts with you, on that note don’t rely on your parents to leave you something when they pass away, because if your parents are like mine they don’t have anything to pass down to you. So start your creating your own Wealth.
All you have to do is buy. Ask anyone who has more money than you how they got their money, and most likely they will tell you they acquired something of value. That’s it creating generational wealth is not hard your just over thinking it.
Acquiring stuff can be even easier if you operate you bank account differently. All you have to do is three things.
1.) Lower your expenses
2.) Create a budget to save at least $100 a month.
3.) Only touch it to invest it.
If you took an accounting class you should know that assets are better than liabilities, but the problem is people like to classify miscellaneous things as an asset. Which is why it’s hard for many people to get ahead or create generational wealth.
Assets can be a house, stocks, a business, Gold, or simply anything that is giving you income right now.
Sadly people like to look at things that have potential to give them money as assets, but their only lying to themselves.
Look at everything you own and determined what is adding not just value, but income in your life. After determining what your biggest asset is simply create a habit of buying more of it.
DONT FORGET TO WRITE A WILL
There are plenty of places that can create your will, but why not do it yourself. Nowadays your just a click away to creating your “Legal Will,” from places like http://rocketlawyer.com.
I hope that in this new year you make a personal goal to acquire assets to increase the capital you own, and create generational wealth.
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WHY I WON’T HOLD CRYPTO YET…
There are plenty of cases of people getting rich off of crypto currencies but still there is no research available for people to get rich with crypto on purpose. However there are articles out to educate you and keep you up to speed on crypto, but those articles do not explain the dramatic price fluctuations that crypto has. Is crypto a good investment? Well not for me and I’ll tell you why.
First of all lets start this post off by explaining crypto currencies. Crypto currencies are just like trading on the foreign exchange market, when it comes to contrasting foreign currencies and crypto currencies the only thing different with crypto is that it is not backed by anything just yet. Unlike foreign currencies which are normal backed by a government, banks, or goods and services.
So my number one reason why I wont hold crypto is because there is nothing supporting the currency just yet.
Also when it comes to crypto currencies there can be major fluctuations in the pricing, on December 7, 2017 bitcoin was being traded at $15,268.98 finishing the year off with a 3,500 percent return. However the for the next year on December 6, 2018 bitcoin was trading at $3,530.06 that is a $11,738.92 loss, which is a 2,600 percent loss.
NOT ENOUGH KNOWLEDGE
Lastly crypto currencies are still fairly new which means there is a lot of risk when dealing with these trades and unlike stocks there is barley anyone who can give you advice on trading crypto currencies. There is simply not enough knowledge on crypto currencies yet.
HOW TO START ACQUIRING CAPITAL
You can acquire capital in multiple ways but in this post I’m going to be sharing what I do to acquire capital, and what my plan is to acquire more.
Well you can use gold, businesses, or you can acquire wealth through stocks like I do. I know that you can just let your 401k or your pension plan do the work for you, but the returns are much higher when you do the work yourself.
For example, my personal rate of return on my 401k for this year is 8.24 percent, while on the other hand my stock portfolio did a 21 percent return this year.
My goal for my finances or plan to acquire wealth is through borrowing from myself. Right now I am focus on stocks, but really I am building for the future.
After I acquire enough capital in my stock portfolio, I plan on taking an equity loan by putting a percentage of my stock portfolio up for colateral. The loan will be for purchasing investment properties, I truly believe that wealth starts by accumulating knowledge.
I took knowledge to the test by reading books, articles, and others forms of content on the stock market. After reading 5 to 8 books I finally started to see my return on investment.
THE MAIN POINT: “Everyone can start building wealth anywhere as long as they acquire knowledge first.”
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What is an ETF?
If you are a rather new to investing chances are you probably don’t know what an ETF is and what it can do for you. Well in this post I’m going to breakdown this acronym for you so that you will be able to see if investing in an ETF is right for you.
E – Exchange
ETF’s are a type of security that deals with a number of stocks in a specific index. Investing in an ETF helps diversify your portfolio just like a mutual Fund would. I currently hold an ETF called “JETS” in my portfolio to take advantage of the airlines that dropped during the pandemic. Since I don’t know which airline to purchase specifically, I choose to diversified through this ETF. Its always good to hedge or own each competitor in a struggling sector that has been through difficult times such as the airlines.
T – Traded
If you hold a mutual fund in your 401k you don’t have to pay taxes on it but if you own one outside your 401k or pension plan, you can be paying 15 percent in taxes. A good thing to know about ETF’s, is the fact that ETF’s cost less than Mutual funds because an ETF charges less in brokerage commission than buying individual stocks. Plus as long as you hold on to an ETF, you don’t have to pay a ton of taxes.
F – Fund
the reason an ETF is called an “Exchange Traded Fund” is because ETF’s are traded or exchanged on the stock market, just like any other stock or company.
Some of the biggest ETF’s are known as the NASDAQ, S&P 500, and Dow Jones.
Which are also referred to as index funds. Also, when an news anchor talks about the market he or she is referring to these three index funds or Exchange Traded Funds.
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OPTIONS OR STOCKS
Have you ever wondered if options are better then just holding stocks, well you came to the right place. Before we get to which one is better, let’s learn a little more about options and stocks. Then you will be able to see which one is better for yourself.
If you want to know the big idea behind options it’s simple. Options are the right to a stock, pretty much a certificate of ownership. Calls and Puts are both classified as options, and can be used for when a stock goes up and down.
“Calls” are a type of option investors use to make profit for a stock to go up dramatically. Calls are known to make people very rich or loose a lot of money.
A “Put” is an option investors use in order to make money for a stock to crash and burn or simply go down. Just like Calls, Puts can be very lucrative if dramatic changes occur in your favor.
Options are super risky and can be addictive. Options are almost, if not equivalent to gambling. A lot of times you see investors promoting options because of the high reward, but they don’t present the fact that they have to pay a large some of money in taxes after those earning. Usually taxes for short term gains are between 15 to 24 percent
Stocks are simply publicly traded companies open for investors. The symbols on the stock market or abbreviation for each company is called the ticker symbol.
Have you ever heard slow and steady wins the race, this can relate to investing as well. Unlike options, when you hold stock in a company you have the opportunity to take advantage of compounding interest. Companies like Disney or Bank of America, hand out a dividend for their shareholders. When you as an investor reinvest the dividends back into those companies your generating compound interest.
As you gain a large sum of capital or money over the years in shares, your also able to borrow from yourself by putting your shares up as collateral. Loans can be used as a tax benefit for you but don’t go crazy, you won’t really need to take loans against yourself to avoid paying taxes since you only pay taxes on dividends or when you sell a stock.
Also the only reason you would have to sell a stock is if the P/E ratio has gone over 15 and estimated earning have far exceed actual earnings for a few fiscal quarters, these results usually happen when there are changes occurring in head leadership so beware.
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What’s an IPO?
IPOs are always being listed on the exchange and you can make a considerable amount of money from buying and selling IPOs at the right time, but what are they specifically. Well in this post I am going to break down this acronym, and tell you whether or not you should invest in an IPO.
I – INITIAL
Well let’s begin with the first letter of IPO, which stands for initial. When a private company is planning to grow rather quickly, they look for funding in various places. Take “Publix” for an example, they offer their own employees an opportunity to buy a share of a company. With that money reinvested in Publix the company is able to acquire more assets to grow in profitability.
P – PUBLIC
The “P” in IPO stands for public. After massive expansion, a company like Publix is able to go public with their stock. This means a non-employee of Publix can become a shareholder in the company now.
O – OFFERING
I stands for Initial, P was for Public, and O is for Offering. As an Initial Public Offering, a private company is able to become a public company. The benefits of this transitions helps the company go from a couple hundred thousand in funding, to millions or even billions in funding.
When a company is newly listed the information of its business dealings are very slim to none. Which means many investors do not know much about the company’s Assets, Liability, and the companies performance record (profits).
Even with knowing very little about a newly listed company, investors still gamble and invest in IPO’s. Which result in these investors loosing everything.
So taken it from Benjamin Graham when he states that the more you know the better with stocks; this is my translation of what Ben teaches in his book “The Intelligent Investor.”
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HOW TO PICK A STOCK
If your like me a few years ago, you probably want to invest into the stock market but you don’t even know what to buy. Well, you clicked on the right post, in this post your going to learn how to pick the best stocks and be able to determine what a good stock looks like.
Okay for starters, there are plenty of ways to make money in the stock market, But the best way is by holding on to a stock for five or fifteen years. There are two reasons why this is the best method.
- You can build capital
- You can receive dividends
Now to build capital you have to do some research before you pick a stock. You cant just pick a stock based on what you think, or what some else thinks (that is a good way to lose your shirt.)
There is a cool site that helps you gather information about a stock and its called “SEC.GOV.” This website was created by the “U.S Securities and Exchange Commission” to help the individual investor make informed decisions on a stock before investing. Every stock that is listed on the market has to give updated information on the companies balance sheet, income statement, and cashflow statement, plus any executive decision.
I personally use sec.gov every quarter, to get updated information on how my stocks are doing. I suggest you to do the same, because this is a good way to learn more about the company and where its headed financially. You deserve to know if the company is making money or losing money.
Part of deciding whether a stock is good, is by seeing if the stock gives quarterly dividends and has been doing so for more than fives years. This is another piece of information that is provided at sec.gov.
At the bottom of the picture above it shows the dividends per share for this particular stock. It also shows you how much dividends was handed out by the company in 2019 after three months and 2018 after three months.
Dividends gets passed out each fiscal quarter, which is every three months. At the bottom left you can see the dividends given after nine months for 2019 and 2018. I showed you this picture just to give you an idea of what your looking for in a stock, when it comes to dividends.
Just to give you a heads up, the reason why you want to pick a stock that shows more than 5 years of dividend payments, is because the company decides whether or not to give its shareholders dividends.
Thank You for reading
I hope you enjoyed this post if you did let me know by leaving a comment.
WHATS A BOND
Most people will not buy a bond, but after learning what a bond is and what it can do for you, your going to want to purchase some as soon as possible. As a investor you always want to diversify your investments, any 401k manager or financial advisor will tell you that. That is part of the reason why ten percent of your 401k generally includes bonds.
In general, a bond is issued when a entity (company or government) needs funding for advancement or backed expenses. Just like a certificate of deposit, with a bond you can only redeem your investment at a specific time. Bonds can be redeemable anywhere from 1-30 years. These type of investments are normally considered low risk in comparison to stocks. Typically the interest you gain from bonds are enough to protect you from inflation.
TYPES OF BONDS
Treasury Bonds – Are issued by the government.
Corporate Bonds – Are issued by corporations for profit.
Agency Bonds – Are issued by federal agencies.
Municipal Bonds – Are issued by cities, states, and countries.
The best bond to invest in, is debatable, but what I prefer is municipal bonds. The reason why I prefer municipal bond is because municipal bonds, are generally exempt from state income tax in the state where the bond is issued. Also municipal bonds are generally moderate risk but can be high, which means this type of bond will give you a pretty good return.
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CD’S OR HIGH-YIELD ACCOUNTS
CD’s and High-yield Accounts are both safe investments, but depending on your investment style you may choose one over another. In this post your going to learn about the differences between CD’s and High-yield Accounts, but before that what is a CD?
A CD is a Certificate of Deposit held by banks, credit unions, and other similar institutions. A certificate of deposit is a timed account which means it matures or you can take out the money only at a specific time. Which can be one month to a year or more depending on the contract of the CD. With a CD you can get a fixed interest rate, which makes it one of the most safest investments because unlike stocks the returns don’t fluctuate.
If you know you dip into your savings account a lot. I would suggest getting a certificate of deposit, mainly because your money will be safe as well as hard to get to. That way you can save more money for larger purchases or bigger investments in the future.
High-Yield accounts are similar to certificate of deposits when it comes to choosing safe investments. All though, the interest rates of a high-yield account are variable (they change.) Unlike certificate of deposits, high-yield accounts are liquid. Which means you can take out the money at any time.
This investment is best for an individual who knows how to save large sums of money, but still needs access to their money for business or larger investments.
I personally use a high-yield savings account so I can still get a return on my money as it sits in my account. I use the money in my high-yield account for other investment opportunities or emergency expenses, such as when my car breaks down. At the end of the day your spending habits should let you know if you should get a cd or high-yield account.
Know yourself and always remember “saving is important.”
GOOD FINANCIAL HABITS
If you want to be the next millionaire in town, build your income, or save for retirement its important to form good financial habits, but what do good financial habits look like? In this post your going to learn about three key strategies that you can implement for 30 days and form as good financial habits.
Well my name is Caleb and just to tell you a little bit about my self, my first job was hell to me. I was working sixty hours a week in a factory and spent most of my money just getting to and from work, until I found these three financial strategies that I now formed as habits. Now I work at a better place, getting paid more for doing less, and now I can say that my job is not my only income.
So lets jump into the first good financial habit, the Mental Budget. Many millionaire’s can tell you off the top of their head, what they have earned and where they have spent their money on. You can do it too, but on a smaller scale. All you have to do is calculate what you have earned after tax per month, add up all your monthly expenses (earnings – expenses = actual income.) Then you subtract your expenses from your earnings to figure out your monthly actual income. If you divide your monthly actual income by four, you get your weekly spending budget. For me my weekly spending budget is twenty dollars. Now all you have to do now is focus on your weekly spending budget, so each purchase you make each week you substract from that number to stay in budget.
Why do you buy the things that you buy. Some people focus on buying name brand products, but ignore the no name brand. Just because you are familiar with a product does not justify the price, don’t buy it if the price makes no sense that’s nonsense. No name brands can be just as good and a better option because the price is justifiable. You shouldn’t pay for a brand, you should pay for a product.
BUY WHAT LASTS
When businesses are purchasing there assets they look for things that last to save on their break down cost. So why not use the same method, when I was in college I started using this method for food. I will focus on purchasing rice and pasta because they had a longer shelf life, then I was able to buy the food that went well with those types of products. You can buy cars that lasts, computers that lasts, shoes, and so on. Focusing on what lasts saves money for the long run and puts it back into your pocket. Have you ever drank a glass bottle coke and kept the glass bottle to see how long the glass will last, Try it.
WHERE IS THE MONEY ?
During COVID-19 individuals have been loosing almost everything including their jobs. So for this post I want to focus on giving you the tips to save money, so that you can work your budget even harder.
Ever since I first started working, I have been practicing different forms of budgeting. For example, I went through apps, reminders, and automated billing.
What surprise me was that even though these methods helped, it did not prevent me from buying unnecessary things.
I had to figure out how to prevent myself from making small purchases that threw my budget out of whack, I needed to make it difficult to purchase things, but readily available for primary expenses.
Like rent, car payments, insurance, and etc.
So I came up with a way to measure and prohibit me from going out of budget, and it was as simple as me starting another account.
A lot of individuals don’t use their savings account and most likely its because they think they don’t have enough to save.
Here’s the catch they don’t look at there savings as temporary storage. What I mean is this, if you put all your money in your savings and only put the money you originally should be saving into your checking. You will not be able to spend more because its not readily available.
With this budgeting plan you can pay your bills through your savings, plus what ever is leftover you leave in your savings.
The only reason why this method worked for me is because of my debit card which is only linked to my checking.
WARNING: each bill that you have to pay must be connected to your savings account, so that your checking will not be over drawn.
Thanking you for taking the time to read this post
if this helped you let me know.
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How to Rebuild Your Credit
Having good credit can open several doors and possiblities such as opening a business, buying a home, financing a car, and more. Although, if you have bad credit you can not get any of those things. Luckily there are ways to rebuild your credit.
You can rebuild your credit by paying off loads of debt or by going to a credit repair place to dispute some of your credit card charges, backed up payments, and even most loans.
Be aware that some of these companies are scams and will still take your money even if they dont fix your credit.
I ended up doing a little research to find a respectful company through the better business bearu called:
Disputebee is a credit repair software that helps automate the process of sending dispute letters. Just import your credit reports with one click and dispute negative inaccurate information.
So with Disputebee you don’t have to deal with the shady credit repair scammers.
HOW DISPUTEBEE WORKS
1.) Import your credit report, and don’t worry the Disputebee software will walk you through the process.
2.) After uploading your credit report you will be able to pick the things you want to dispute and take off the report. DisputeBee, will create letters for you to print out and send to the credit bureaus. So the software helps you leverage laws like the FCRA which often results in these items being removed from their credit report.
3.) After you mail your first round of letters to the bureaus, you will wait for a response and then upload it into DisputeBee. It often takes multiple rounds of correspondence with the bureaus to see any items get removed or for any information to be corrected.
Getting rid of debt has never been this easy and all you have to do is follow the three steps and the first step starts here: https://disputebee.com
If you want to learn more tips on getting out of debt follow the blog, be sure to leave a like, and always know that your feedback is wanted here.
The Investor’s Rules
In this post we’re going to look at Benjamin Graham’s point of view on how a traditionial investor behaves and the rules that investors use to make major profits. These rules will guide us on how to invest like a pro.
Benjamin Graham is an American Ecomonist, Professor, and Investor. He is widely known for Value Investing. Benjamin Graham also taught the famous Warren Buffett.
1.) When buying a share of a company, the corporation should have a long history of dividend payments.
The reason you want the company to have this type of history is so that you can make extra money. Make sure to look at how much your getting in dividends. More isn’t always best in this case. Higher divident payments can make it harder for the company to pay you.
2.) Benjamin Graham talks about two types of investors in his book “The Intelligent Investor.” He states that there is a defensive and a enterprise investor. He goes on and tells his readers that the intelligent investor learns how to be both passive, and defensive by putting 25 percent in bonds and 75 percent in stocks.
He also states that if you can’t handle risk, than you should invest 75 percent in bonds and 25 in stocks.
3.) Always pick a stock that is undervalued and don’t follow the hype.
Wouldn’t you rather buy a product that is cheap but has good quality. Why not do the same with companies.
A way you can see if a company is undervalued is by:
– Looking at the PE/RATIO.
– Looking at the companies performance.
– And looking at how much debt the company has taken on.
When your looking at a potential stock, you would like the PE/RATIO to be normally below 10 or 15. This will show you that if the stock price is too high or just right.
To view a Companies performance you will have to look at how much income the company made after tax, debt, and liabilities. (I look at the income statement to see performance results.)
You will always need to keep a close eye on how much debt a company takes on. This will show on the balance sheet under liabilities or if a company wants to be sneaky they will just write it out in confusing words. The best companies are able to survive economic disasters by taking on less debt and cutting regular expenses. So during economic disasters great companies will be highlighted red, but on the spread sheets great companys will have higher profit margins than their competitors.
I hope this post was helpful, and don’t forget to follow my feed to see my latest post!!!
More Money, More Ways?
WOW! This is a problem, why don’t people know how to make money without breaking their backs for it. Wouldn’t you like to learn how to make your money work harder than you?
Of course you would, who wouldn’t? I guess the only people who don’t want to learn more ways in making money, are those who overthink it.
OKAY! “News Flash” It doesn’t take a degree to learn this.
You don’t have to be this guy with his arms crossed, who is probably going to be working for someone his whole life. Forget this guy. Let’s learn a new way.
LET’S LEARN FOREX!
Forex aka the “Foreign Exchange Market” is like the stock market, but (some might say) better. We can learn how to make “MORE MONEY” in Forex by answering these questions:
WHERE DID THE FOREIGN EXCHANGE COME FROM?
HOW DO I MAKE MONEY IN THIS?
WHAT DO I HAVE TO DO TO GET STARTED?
Foreign Exchange is based on switching (exchanging) different types of foreign money, such as euros or pounds.
The Foreign Exchange began during the biblical times, in this period of time the people exchanging currencies were called “Money-Changers.” The Money-Changers simply charged a fee or commission on each trade.
The first recorded site for Exchanging was in the “Holy Land” but now since technology came out its on your phone or online through Forex.com.
The way you can make money in the foreign exchange is not just through commission anymore. You can make money in several ways:
- Holding – Waiting for the value of a promising countries’ currency to go up.
- Trading in Bulk – Purchasing in quantity, waiting for a slight increase to sell.
- Options – You can make money through betting, if a currency is going to go up or down.
With options, you’re going to be trading the right to the currency and you can choose whether its going to go up or down. If your predictions are right, you can make a lot of money, but it is very risky.
There are several places to start, but the best news is that you can start with as little as $50 at Forex.com. When I started using Forex, I only used $50 to get started and to make sure I was doing everything correctly I downloaded a demo app to learn how to use market information.
In summary, we talked about where the Foreign Exchange came from (The Holy Land) and how we can make money in the Foreign Exchange, by holding, trading in bulk, and selling options. Lastly, what we need to do to get started in the foreign exchange market is to invest a minimum of $50 on an app called Forex.com, and don’t forget to study with the demo apps for Forex.
Thanks for reading, and don’t forget to like this post and comment!
Passive income is earnings derived from a rental property, limited partnership or other enterprise in which a person is not actively involved. As with active income, passive income is usually taxable. However, it is often treated differently by the Internal Revenue Service (IRS). Portfolio income is considered passive income by some analysts, so dividends and Interest would therefore be considered passive.
quoted by: http://www.investopedia.com
I have read, listened, and saw plenty of CPA’s, Real Estate agents, and Financial Advisors talk about passive income; but their are only a few to do while in college with limited funds (money).
The first one is my favorite which is a High Yield Savings account. So instead of getting a penny $0.01 a month for every $1000 dollars, you have your getting $2 a month that’s a huge difference. The reason why this is my favorite type of passive income is because I am able to invest at a very low risk which means I am less likely to loose my investment.
The Secondary way to create passive income is through Real Estate Pool Investing which gives you over 5% back in interest. Which is pretty cool considering that your only getting 0.09% from your current savings account with your ordinary bank. I currently made $22 from letting my money sit. I’ve been using a popular and reliable platform called, Fundrise. What Fundrise does is raise money for a specific Real Estate Property that gives you back and average of %5 back on what ever you decide to put in. The minimum amount to get started is only $500 and it’s pretty easy to setup.
The last passive income is the stocks market. The reason why I put the stock market as a passive income is because there is a slight trick to making the stock market passive now of course your not going to make as much as active people in the stock market you can still make a significant amount from dividends. Dividends is “money” the company gives the stock holder for per share. Sometimes they give it quarterly or monthly, the best dividend stock out there right now from the time writing this post is “PSEC.”
There many other ways to create passive income. Even some businesses can even be passive. Writing is one of the most passive incomes created, think about the only work you do is to write the book, publish, and promote. This is why many pastors and entrepreneurs write books, it’s an investment that accrues interest over time by promoting yourself.
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I know that a lot of YouTubers and Bloggers talk about side hustles and how to make money on the side, but they normally lead you to a survey site that takes forever just to make only 1 dollar. I’m not here to give you another site I’m here to give you an answer.
- Find a need
- How can you help
- How much is your help worth
I started working for a Property Owner through someone I already knew, which was my dad. My dad wasn’t going to be able to help any more and so he ask if I could take his place.
Find a need
How many people do you know that are doing something right now for someone else and getting paid for it. There’s always a friend that need to either have their car washed, build furniture, or just need an extra pair of hands. The goal is to point out the majority of people with a specific need that you can help.
How can you help
Volunteer your services, through helping others for free at first you will find areas that you are good at and potentially can get paid for. As you volunteer you will be able to figuring out how you can help people, maybe it’s through renovating, baby siting, or taking wedding pictures. Once you find out how then you can figure out who would like your services (potential Clients).
How much is your help worth
The Property owner that I was working under told me how much do you think your worth. He wasn’t trying to low ball me, he was trying to see how good I think I am at my job. So I put a number on it, just starting out in “Renovation” I figured I was low quality. So I started low because I knew there was going to be areas I would mess up in. Slowly I started getting higher in my pricing making $300 on one job.
Eventually once you become better at your side hustle the worth of your work goes up in quality and price.
WARNING DO NOT CHARGE MORE THAN WHAT THE JOB IS USUALLY CHARGED
By over charging your decrease client satisfaction. Which means no call backs, no client returns, or scarcity of clients.
Lets Double Up, lets make something work, lets do what broke people don’t know how to do, but how do we do it ?
There are a lot of easy, but difficult task to do in order to double your profit (money). Let’s see how to do this effectively to where we double our profits continually. Here are different ideas and proven methods to “DOUBLE UP!”
First off I suggest finding something your good at doing it might be fixing, creating, selling, or maybe you can speak two or more languages. Find your talent first and feed into it.
I found this post to be important because I made an extra 1000 just by doing these tips. My skill is fixing cars. Knowing that I went surfing the web for cars I know I can fix with little cost. You will never guess what I found… I found a 2000 BMW 323i listed for $550.00 looking at the problems on the vehicle I knew it was a easy fix. I had to replace two heater pipes for the coolant system, which only costed me $300 in parts. For a totally profit of $1,150.
This is just an example of what you can do on eBay, OfferUp, LetGo, and Craigslist. Search for and item you know is worth more then is listed and flip it for some profit. This could be furniture, games, Jewelry, or maybe even cars. For my creatives out their you can find items that are cheap to create something worth buying.
We can can double up are income just by using these three things.
• Selling at listed cost
If you choose to use these tips you can double your profits easily. Learn how to post your products on as any selling platforms as you can. You’ll soon end up doubling up your income in no time I hope for the best for you guys.
Not many people have the opportunity to sit down and plan out what to do with there finances and how their going to invest. I find one of the most rewarding things in life is to be proactive with the time. Everyone knows there is only 24 hours in a day and 60 minutes in a hour. Take it a bit further and there is 168 hours in a week and 10,080 minutes in a week. The average person works 40 hour weeks, which means their left with 128 hours. I am not going to tell your how to manage your time this isn’t what this post is about. What I am trying to tell you is that you can manage your investments with only 3 hours per week, and still make money to build a future.
Earning a lot of money is not the key to prosperity. How you handle it is.
Quoted by: Dave Ramsey
Dave Ramsey is one of the most biggest authors for financial growth and debt recovery. His net worth is $200 million. Dave is also a great businessman who has a website and a channel on YouTube Dedicated to help individuals get out of debt.
So the ways that help you with your finances on the go that hardly take up any time are:
- Lending Club
- M1 Finance
Mint is an application you can get on your phone for free and it helps you see where your money is going. Mint helps you save and gives you notification regarding your spending. I personally use this app and I find it to be helpful. In the app it even shows passive ways to invest, and even shows you credit cards that give you the highest rewards.
Lending Club is a peer to peer lending application that you can download. They offer 3-8% back in interest per year. The minimum needed to start investing with this company is only $1000. Lending Club shows you everything you need to know about the person your want to invest in, also gives you an option for risk. The higher the risk, the higher the percent.
M1 Finances is an online investing app that takes $0 to start and no cost or fees on your first trade. I heard about this site from my favorite financial planner Jeff Rose. They also have automated investing that allows you to be the passive investor you want to be. They also let you pick stocks that you know and want to invest in. M1 finance is also “TAX FREINDLY” which means you don’t have to pay taxes on your earnings.
What’s The Plan
Success can not happen with out dedication and most importantly goal setting. Writing down your personal goals is the easiest part of goal setting. The difficulty in goal setting is achieving your goals. So what’s the plan ?
Okay so what’s one of your goals ? Maybe you want to build your own business or retire at a young age. That’s great, but let’s take it one goal at a time. We all have big plans for ourselves but we don’t really do the work for setting goals to get there. If you are wanting to retire at a young age do you have a stock broker or investment account yet, if not go look for the best of the best rates and returns first then select your plan. This is just one step you can make now towards your goal. Find your vehicle, some cars go faster than others its the same for your investments, just way out the risks. If you choose a faster vehicle for your investments, you might crash. If you choose a slower vehicle you are less likely to crash because your going the speed limit.
As you choose your vehicle and set reachable goals, you want to have a vision behind it all. The bigger your vision, the more drive it will bring when accomplishing your reachable goals. Allow me to give your an example:
my vision for everything I do is to influence and change the bad habits of the world to create an atmosphere where people are selfless more than selfish.
SUMMARY: set reachable goals and a line it towards your vision.
Caution if you are reading this you are willing to invest in your knowledge of finances. To kick this message off, the starting question that you should be asking about your finances is “how important is it to you?” self reflecting about the importance of your finances is key to realizing where you’re at with your finances. If your finances is important great, and if your finances are not as important to you then lets improve that.
The key to success is to be aware, so I say to you be aware of your finances. If you lost your job today would you be able to live comfortable for at least three months?
To tell you a little bit about myself and why I am so passionate about finances is that very question. Last year I put everything I know about finances to the test. I minimized my expenses, I saved a third of what I was making, I kept half of my money in a high yield savings account, and I bought stocks that gave dividends. I was planning on quitting my job as a car salesman because I wanted to further my education on business administration. It’s been six months since I quit my job and I currently rely on the interest and dividends provided by my stocks and high yield savings account.
I may not have a degree in accounting or Business but I am constantly practicing and learning more each day about finances, Investing, Belief, and Business. My question to you as a reader is will you join me on this journey to success.
Warren Buffett is one of the most successful business men, that I look up to as a mentor. He is constantly investing with caution. For instance, When Warren Buffett was starting his business as an investor he had $9,800. Eventually Warren increased his capital to $140,000. Warren Buffett increased his capital by being interested in how a company worked and what made it superior to competitors, rather than just looking at balance sheets and income statements.
What is going to grow your saving, your investments, and your finances in general; is how cautious you are. Here is a quote from Warren Buffett about success.
high returns with low risk is the key
The best way to lower risk when it comes to investing is being cautious about who you are investing in. It is important to be aware of the state your finances are in as well, just like investing the more you know the less debt or the less risk of going in debt you will have when dealing with your finances. Now you know the importance here are some application steps you can take to be more cautious when dealing with your finances.
- Review your bank statements
- Look at your regular expenses
- Lower fast food or coffee expenses
For the first point, the reason why I say review your bank statements because it’s a way to self-reflect on your spending. Ask yourself, “Where is the majority of my money going?” It is important to be aware of your spending because sometimes we get a little too carried away with spending money we don’t have, on things that we think we deserve. If you have to use a credit card for a purchase, you have not earned the right to make the purchase.
For point number two, Looking at your regular expenses help you find out how much is left over after your bills. If you don’t have any money left over, that is a key indicator saying that you either have to cancel a subscription or gym membership you are probably not using. It can also mean you have to down grade either your TV provider or Cellular Service. This a little change that can make to give you a little bit of financial relief. Which means more money for investments.
Last but not least, Lower fast food or coffee expenses. This is an automatic wealth killer because the average American spends $1,200 on fast food per year. If you stopped buying fast food for a year you can buy 6 shares of McDonald’s giving you a dividend yield of 2.23 per share which means more money made and less money spent. For coffee the average American spends $1,100 per year. That means if you stop drinking coffee for a year you will be able to buy 16 shares of Starbucks giving you a dividend yield of 1.86 per share (more money in your pocket).
I truly believe that if we can just be cautious in our finances we will be able to go from being low-income individual to millionaires. Just from being aware of our spending.
Many people try to save but don’t even know where to start or even how to save. I’m going to be sharing points about how I save money. Don’t worry I’m going to give details about how and where to start. So without further ado, here are my points
- Make a budget (You are your own business)
- Find your spending habits
- Know your needs for saving (be honest with yourself)
- Pay yourself
The First point is obvious, create a budget and I don’t mean just your bills. Even in business people monitor every expense that comes out of there business because its not just the big things you need to watch its the little ones as well. If you want to save money you have to watch it, don’t over look the power of budgeting just do it.
Now that you already got your budget made assuming that you just did it. It will be easy to spot out your flaws or in this case your spending habits. Habits are
a settled or regular tendency or practice, especially one that is hard to give up
quoted by oxforddictionaries.com
Grant it I know personally that it is hard to get rid of spending habits, but that doesn’t necessarily mean that you can’t restrict your spending habits. “Wow Caleb I thought you were going to tell me to give it up.” Well once you realize that you can restrict your spending habit then you can decide yourself if its a healthy habit or not. In “Rich Dad Poor Dad” Robert Kiyosaki states
Because students leave school without financial skills millions of educated people pursue their education successfully but later find themselves struggling financially they work harder but don’t get ahead, what’s missing from their education is not how to make money but how to spend money.
I promise you, if you can control your spending habits, you will save not just money but also headaches in the future.
Point number three, Find your needs. Be honest with yourself why are you saving: is it to get the new IPhone, a house, or a car? What ever the reason is you need to realize that in America the age of retirement is going up because many people can’t simply afford to retire. So ask yourself, is it going to benefit your need to retire? Your need for saving should be to retire one day. I hope that this post helps you realize the importance of saving for retirement. So take my advice and just do it.
Now we’re talking! Point number four, pay yourself. I understand you have bills, but you should always pay yourself first and by that I mean put money aside. This saying (“pay yourself”) might be a little cliché but people normally don’t, they take that saying in a completely different way and spend money for things they don’t need. The only way to actually have financial freedom is to put money aside, so just do it.
Did your parents ever tell you to invest, which is point number five. Okay so you have money to set aside, now its time to do the most important thing, that is, invest. There are so many ways to invest and you shouldn’t limit your options to only one type of investment. Your first investment should be in either an IRA or 401k; I recommend a 401k mainly because when you get a 401k the company that you work for pays you interest as long as your employed by the same employer. You can go to your human resource department at your job to see if they offer a 401k, and if they don’t offer it, get an IRA from betterment. Those aren’t the only investment options you can also invest in; stocks, bonds, mutual funds, index funds, or in yourself by going to school and reading. Point is, that you need to just do it. Trust me it will pay off, ten times over just by taking these steps.