Currently browsing tag

investing

double-your-money

Gifting an Inheritance at Birth

In my article Building Generational Wealth I discussed how I plan to contribute $16,000 to my grandchildren at birth in order to give them a huge jump start on wealth building.  Using the rule of 72 and an assumed 8% annualized return,  $16,000 will become $74,000 at 20, $161,000 at …

red-hat-logo

A Lesson In Buy And Hold

Buy and hold is perhaps one of the best investing lessons there is.  The idea is simple.  buy stock often and hold on to it forever. Don’t look at daily or weekly stock charts, and don’t try to jump into the next hot stock every 5 minutes.  When I first …

2016-quarter-4-invested-net-worth

Quarter 4 2016 Financial Update

Quarter 4 was an extremely busy quarter for us.  For most of the quarter I was working 75 hours a week.  Right around Thanksgiving I had a week off and then went to a 50 hour per week schedule. Financial Update: Income Our total income for the year came to …