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 …
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 …
All too often people ask me what they should invest in. Many are worried about trying to pick the next best stock and find a way to “make it big” in the stock market. This isn’t how wealth is built and this is a major problem in thinking in terms …
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 …