Wealth Building Steps

Post for wealth building steps and wealth building activities, catchup wealth building, wealth building after 50

Risk Reward | Start a Business or Invest in Stocks

Start a Business or Invest in Stocks: Which Is Better?

It can be challenging to choose the best opportunity to maximize your valuable time and capital. Is it better to start a business or invest in stocks? For the amount of capital required, starting a business has high income and capital gain potential yet requires far more time from the owner; investing in stocks has …

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economic and stock cycles

Are Individual Investors Wrong Most of the Time?

We investors, that is, are almost always wrong collectively about which direction the stock market will go. Here’s the holiday looking colorful chart (compliments of AAII) to support my points below: The AAII (American Association of Individual Investors, that’s most of us reading this:) reported that those expecting a rise in stocks over the next …

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Wealth Building Fundamentals Inspired by My Abundant Fig Harvest

  Last week as I picked an abundant fig harvest, I couldn’t help but think about how much my fig harvest parallels the wealth building fundamentals I’ve learned (many the hard way!) from investing in dozens of different assets and strategies over the past few decades as a personal investor.   These wealth building fundamentals are …

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Woman Lightbulb | Creative Income Streams

Creative Income Streams

Creative income streams have been the saving grace for my family. I think they can be for millions of retirees willing to think and act outside the box.   In this post I’ll share what I’ve learned after testing and implementing over 15 creative income streams from investing, consulting, online business and real estate along with my husband. …

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Piggybank Compare | Wealth Building Vs Income

Wealth Building Vs Income

Wealth building and income generation are the two primary investment objectives. As such, these factors are the starting point for selecting investments.   Is it better to focus on wealth building vs. income as a primary objective? Wealth building is typically the main objective until enough wealth has been accumulated to provide for a comfortable retirement. …

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Bear Chart | How to Prepare for Bear Markets

How to Prepare for Bear Markets | 11 Steps [Video, Chart]

Bear markets are a fact of life for stock market investors but they don’t have to be detrimental to your net worth.   After investing through several bear markets, both alone and with financial advisors, I’ll share how to prepare for bear markets.  While I’m an AFC® (Accredited Financial Counselor), I write from my own investing experience of 40 …

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Key Compass | Advanced Investment Strategies

Advanced Investment Strategies (You Won’t Hear from Your Advisor) | Video

Many investors have concerns about passive investing in stocks and bonds based on standard asset allocation models. Or maybe they have seen that passive investing won’t get the results they need to reach their financial goals. Many investors turn to more advanced investment strategies in an effort to increase returns without increasing risk.    Popular …

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how many income streams

How Many Income Streams Should You Have? [Videos]

The more income streams you have the better, right? This is not necessarily true. How many income streams should you have? It have depends on your goals, available time, types of income streams, available capital, taxes, demonstrated success, income reliability, and desired lifestyle. In this post I’ll share what I’ve learned in each of these …

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How to Increase Net Worth Before Retirement [Videos]

Most advice for how to increase net worth is geared toward investors with decades to save and compound wealth in the stock market. If you’re an investor over 50, it could be too late for that strategy before retirement. But you can increase net worth by taking advantage of cycles in stocks or real estate, …

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Playing Catch Up Retirement Savings | 59 Uncommon Solutions [With Videos]

If you’re playing catch up retirement savings, here are 59 wealth building tips and solutions that can radically change late retirement planning. After personally making thousands of investments among stocks, bonds, funds, and real estate, both with and without financial advisors over the past 40 years, and creating alternative income streams  to replace career income …

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Wealth Building After 50 (No Penny Pinching and a Bit of a Rant)

Most articles about wealth building after 50 have tips with a minimal impact on true financial independence. If you’re over 50 and far short of reaching your big retirement number, it’s time to take some serious steps beyond investing pocket change and cutting out lattes. While these aren’t bad ideas, they ’re not going to …

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