Love, Discipline and Save for them.

I’m not good at everything most definitely not an expert in finance but My wife and my kids can tell you how great and awesome husband and dad I am. With a 2 and 5 years old things at the house can be quite a challenge with toys everywhere, making breakfast, and get them ready for bed.

To show them how much we love them in my opinion is to equip them for a better future. With good education, support, and the possibility to accomplish everything they’ve dreamed of. The number one thing I always tell myself is for my kids to have everything I didn’t have without spoiling them with everything they do have. I try to teach them to be humbled and also making sure they appreciate the smallest things life has to offer.

Kids always receive gifts from grandparents, other family members and friends. Those gifts often come in form of money and toys. And as parents we want to make our little ones happy by throwing birthday party at an early age. Where we are the one who sends out the invites and even blow out the candles. Who is that party really for? There is nothing wrong with doing the traditional thing, for my family, I prefer opening a savings for college something like Florida prepaid.

You probably already thinking what if my kids don’t go to college. Don’t worry about that you will get your money back, or if they want to go out of State your prepaid account will cover a decent amount of tuition as out of State tends to be more expensive.

Grandparents and parents always proud of theirs grandkids accomplishments they talk about them a lot. So go ahead cancel the next few up coming birthday parties and let Grandma and Grandpa knows what you are up to. If you start early the contribution you have to make is really small about $50 – $100 a month. Save little today for a brighter future tomorrow.

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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”.

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”.