There are many ways to make a money making machine. You can make a machine that grows through appreciation, or a machine that pays dividends, machines that pay interest or even machines that pay rent. All of these machines are useful money making machines.
The market is too hot! I’m waiting for a correction. I heard that the stock market is going to crash on the news the other day. These are all reasons that people give for not investing. And it all comes down to the same fear. What if I put in $1,000 today and it is only worth $500 tomorrow. While that fear is an emotionally hard thing to deal with, it is logically not something you should worry about. Here’s why.
You’re supposed to invest, right? But why? What is the importance of investing? There are many reasons it is important to invest, but there are 5 that should matter to all of us. These are….
If you want to play the game and succeed with money you need to understand the three types of income. What is the meaning of types of income. And the benefits and drawbacks of each type of income.
Have you ever wondered if you’re getting a good return on investment? Is 10% a good return on investment? Should you be getting more? Less? A good return on investment is hard to pin down, but it is possible. Find out how here.
How much interest would you get on one million dollars is a surprisingly complicated question. If you’ve ever thought you’d be set for life with one million dollars in the bank, find out why you’re wrong here. The interest rate on $1,000,000 may surprise you.
Investing can be incredibly confusing, but I want to make it easier to understand. Mutual funds are a staple of investing, but even those are hard to pick. That’s why I want you to make sure that you understand the basics of how often you’ll get paid from your mutual fund, the answer might surprise you.
Compound interest is an incredible thing, like bread! Find out how compound interest and bread are alike and understand compound interest and the power of investing for the long term in the process.
Disclaimer: The statements made in this post are the opinion of the author. They should not be viewed as financial OR tax advice. Please consult with a financial specialist and tax professional before making any financial decisions.This post may contain affiliate links, meaning I’ll receive commission at no extra cost to you for your purchase.*Continue reading “5 Tips for Low Income Earners Who Want to Invest”
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