Post for wealth building steps and wealth building activities, catchup wealth building, wealth building after 50
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 …
Start a Business or Invest in Stocks: Which Is Better? Read More »
You may be wondering how to get control of your investments. It’s not uncommon to feel that your investments are out of control. Feeling out of control with your investing stems from two factors; risk that is inherent with investing itself, and order around your investments. The first reason investors feel out of control with …
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 …
Are Individual Investors Wrong Most of the Time? Read More »
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 …
Wealth Building Fundamentals Inspired by My Abundant Fig Harvest Read More »
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. While I’m …
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. …
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 …
How to Prepare for Bear Markets | 11 Steps [Video, Chart] Read More »
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 …
Advanced Investment Strategies (You Won’t Hear from Your Advisor) | Video Read More »
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 …
How Many Income Streams Should You Have? [Videos] Read More »
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, …
How to Increase Net Worth Before Retirement [Videos] Read More »
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 …
Playing Catch Up Retirement Savings | 59 Uncommon Solutions [With Videos] Read More »
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 …
Wealth Building After 50 (No Penny Pinching and a Bit of a Rant) Read More »
There is wealth building, and there is wealth keeping. Both matter. In this post, you’ll get 33 wealth building steps that are useful if you want to accumulate more wealth from any level, and to feel more in control of your financial destiny. My financial coaching clients often think the answer to building wealth will …
33 Wealth Building Steps That Will Shape Your Destiny Read More »
If you’re wondering how to build wealth, you’re not alone! In this article, I’ll share five methods for how to build wealth. Each of these strategies I have personally done. While every attempt hasn’t succeeded, I’ve learned the most from the ventures that didn’t go well. It goes without saying that the more money you …
