Be above average

We often measured our own success by our friend’s success. What we often don’t realize is that we are not doing our self any good services by measuring ourselves to others success. Each one us have a different path of life.

There is a moving ship and it’s has been more than two years since I’ve been trying to get people to jump on board. People see the stock market as the affluent’s gallery. Where only the elites can succeed. With that in mind it’s hard to get even family and friends involve, they read all my articles and refuse to follow the steps or share them yet they wonder why I’m doing so well.

I invest with confidence, I buy stocks and shares with value. Utilities and essentials  is where I invest all my money. It’s been a long time since I do not have a saving account to be honest with you. I don’t miss the $0.19 interest rates I used to get evey month.

At a glance I bought Apple stocks at around $79 a share, it then went over $400 a share before they spli to a 4 for one the 31of August  2020. It safe to say I made a huffty amount of investment that day. Not to mention all my other stocks still paying dividend, I know apple is no where near good devidend paying stocks, man! can it grows in value check Apple stocks price 4 years ago.

Just to give everyone a little idea of what’s going on one of my previous article I gave a breakdown of how I invest and how much my investments worth. I want to encourage people to get involve. Little investments today big returns tomorrow.

To retire comfortably you’ll need multiple sources of income. I always put accent on Investments, 401(K) or equivalent last but not least social security don’t let it be your only option.

Gifts That Keeps On Giving

It’s safe to say that Christmas is going to look a whole lot different this year. With COVID-19 affecting all aspects of our lives, from limiting how many family members we can see to impacting how much we can afford to spend, it’s a given that we’ll all have to adapt to a ‘new normal’ this Christmas.

A reader reached out to me last week in regards of Christmas spending. One thing we have to keep in mind this is not normal timing. Covid-19 took the whole year away from us. With countless of life lost and many still in the hospital. We are all searching for something different this  Christmas. Love and kindness is very important right now. We can be together while social distancing, call as often as possible voice and video. And a little encouragement goes a long way now these days.

Giving is a wonderful thing, putting smile on other people faces is the reason why the earth keep rotating. In time like this it’s hard not to give out a little in your savings/investments. Infact people who started this journey with me should be rejoicing right now as they can safely buy much of what’s in their shopping list with Dividends.

While thier stocks grows in value touching the dividends to bring joy to thier love ones won’t change the outcome of the upcoming ones. All one need to do is figure out how much exactly you are going to spend try not to go overboard nor rely on credit cards. It’s really good to cheer others but first and foremost don’t put a burden on yourself.

The best gift to give is a gift that keeps on giving. A gift with value, for instance help with tuition fees. Help with debt or create account for the little ones both saving and investments. For anyone looking to make someone happy remember not to touch the capital because once you do that you change the whole game.

If you dicide to open investments account for kids or grandkids, it’s a wise move because if you invest that money in an index fund I always go with the S&P 500 which can easily bring back a return of 10% annually if not more. Now let’s say you open that account with $5000 that’s $500 annually. Plus compounds interest, it’s safe to say an investment like that will bring great rewards in about 10 to 25 years.

Money doesn’t grow on trees but parents and grandparents can set a great foundation for their kids and grandkids. Remember the earlier you do this the more they can rip from it, of course that little ride on car sure looks good but for how long they going to use it? 

One other beneficial gift is college funding accounts, they are great it’s like paying for school before they get expensive. I call them boomerang because regardless if the kid go in state or out of state the money will apply. And if the kids decide not to go to college you’ll get your money back.

Don’t go overboard on your savings this year trying to get the perfect gift. There’s no reason why the festive season can’t still be joyful! Spend responsibly!

Exposed

Here is a little history behind the banking system. Banking institutions were created out of a need to satisfy the market to provide loans to the public. As economies grew banks allowed the general public to increase their credit and make larger purchases. President Washington signed the bill into law in February 1791 that the Bank of the United States, now commonly referred to as the first Bank of the United States, opened for business in Philadelphia on December 12 1791.

The idea was to serve as a repository for federal funds and as the government’s fiscal agent. It wasn’t long after the industry become a vacuum to sucking you for whatever you have to only give little in return. If you pay close attention to this  scenario here you will see. Imagined that
you have $10000 in a bank account on that money you are getting an of 0.01%  which is $1.00 every month those caring bankers give you your one buck that’s $12 with change for the year.

On that same $10000 they holding for you your money all while lending it to someone else to buy a car, house, or even to find a business. They land that money out all while they are charging that person 4.87% or higher depends on your credit and other factors. The national average is about 5.27% base on the interest they charged. They are bringing in $487.00 from the money they are giving you $1.00. don’t get shock yet it get crazier. In a period of 24 months they already make a profit more than double the money  that you supposedly be saving $11,688.

Now imagine they go around and run the same scenario for 1000 accounts which they do. $11,688 X 1000 equal to $11,688,000 million. In 24 months on 1000 accounts that have about $10000 in each with the bank giving out loans at 4.87% which below the national average $11.7M will be their bringing home money without spending a dime.

Most of the time they have you pay fine and fees on top of that. Because we too busy clocking in and out we don’t acknowledge those little details how we getting rip off. Be wise with your money let it works for you not for someone else and after that you go beg them for a loan.