1. 2. 3. Invest

Investments: In an economic sense, an investment is the purchase of goods that are not consumed today but are used in the future to create wealth. A lot of people are investing without realizing it. They often says “I don’t understand the stock market, I can’t invest in it”. They clearly don’t understand it but yet their 401K and RothIRA is part of the market.

When it comes to investing it’s a risk most of us take and to be honest with you I don’t think company like Apple, Consolidated Edison or Boeing will go anywhere anytime soon. Plus their dividend is really good.

Dividends represent a distribution of corporate earnings to company shareholders and usually take place in one of two forms: cash or stock. Most cash dividends are paid on a quarterly basis.

Not everyone makes money in the market, there are many different type of investors.
Short-term investments: A short-term investment, also called a temporary investment or marketable security, is a debt or equity security that is expected to be sold or converted into cash in the next 3 to 12 months.

Long-term investments: are assets that are held for more than one year or accounting period and are used to create other income outside of the normal operations of the company. And there are trader: they buy stocks and sell them in a short period of time for short-term profits.

On the stock front, consider diversifying across regions, sectors, investment styles—value and growth—and size—small, mid- and large-cap stocks. On the bond front, consider diversifying across different credit qualities, maturities, and issuers.

All my investments are long-term. I’m in it for the dividend and to watch my stocks grow in value.

“Like Warren Buffet says buy low and hold”.

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Money

“When I knew nothing, I thought I could do anything.”

~Robert Duvall

How does a bird build its nest? little by little one branch at a time. We can use the same concept in our finances. I come to realize to be successful one needs discipline and it’s not easy, as the more money you make the greater your expenses get. If you are making $100k a year you probably driving a car that’s worth at least $40 – $50k. Most of us have a mind set to impress others.

I can’t live that lifestyle anymore, there is an Haitian quote that read “Animal with tail don’t cross fire.” Meaning with my 2 little ones I can never go on a shopping spree, or chase extravagant lifestyle. We are all different; some people fear spider, some are afraid of hight. I’m afraid of going broke and terrifying of crossing tri-rails.

How do you measure success? Everyone will give you a different answer to that question. Your success is base on your goals and we all have different goals. But I can assure you that all the answers will have something to do with money. Because it’s a way of life, money is like the blood that flow in our veins and it’s vital. Compare to money which move everything and makes life way easier. Unless if you are a parasite you can survive without it.

People always say money can’t buy happiness or we can’t take it with us when we turned to dust. I Know all that but I still want to know what it feels like not to have that 5:30 alarm every morning. And if it doesn’t make you happy? Why do we spend most of our lives chasing it.

A Yatch will be nice why not Tesla or a Bugatti or a condo in Miami for money sake. Or will you rather call late for work because that piece of crap 1997 Toyota Camry is overheating again. Once you have money all those things don’t mean as much they did because the people you wanted to impress is not in your circle anymore. You got bigger competition.

It’s all about stage and steps you take wherever you are right now will play a big part of where you going to be tomorrow so whatever you do do it right. So be vigilant even Warren Buffett had dark moments. It’s not how much you make but how much you spend.

Remember my motto “is not to spend your working hours money in minutes”.

Desire, Aim and Propel

2019 is here and a lot of us will try to use this new calendar year as a way to make changes to our lives, finance, and drop bad habits all while keeping a positive mind sets. There is no better time to start enhance your finance than the beginning of the new year.

It’s about that time of year again where everyone is setting goals and resolutions. On your phone or note book write down 3 big goals you want to achieve this year. It doesn’t matter how big or small just make sure you stick to them and get involved.

For most people it’s their student loan, car payment or that dream house it might also be a big vacation or a wedding. Whatever you are saving for you need to find a way to check your progress for motivation.

Whatever you do don’t let go halfway throughout the year because most of us often get discouraged by the slow progress and lose focus at the bigger picture. Progress you going to make this year will carry over to next year.

Have you ever not feel good or even thought about stopping? Going through hard times is a part of life, characters are made through tough times. Just remember you are not alone we all have had one of those days. What do you do when you feel that way? You rest, reevaluate your plans, or even talk to someone who can give you some positive feedback.

Your health is just as important as your financial health. My main goal with my blog is to show just how important it is to fix it, when it’s not where it needs to be. Balance your budget take control over your spending make sure you are not spending more than your take home money.

Your finance is like muscle you need to exercise, assess and reevaluate it on a monthly basis. don’t let your money sit somewhere and not making you more. Most financial crisis are self inflicted by buying stuff we can’t afford or using high interest credit cards.

My goals for this year is to increase my monthly savings from 15% to 20%, continue saving for that dream house. And open college fund accounts for my kids (Florida Prepaid). Before we get in the market for the house we want to be debt free, no car payment, no school loan and 1% on credit cards.

Remember my motto “is not to spend your working hours money in minutes.”