Dear Investing Family, Today’s topic? 3 Stocks Under $10. Investing is pivotal to growing wealth, and I love investing in stock. However, I know that sometimes, you may not have much money to invest. Well, you do not need a lot of money to start investing in the stock market. That is why I recommend […]
What Are the Major U.S. Indexes? Rich Mom Answers
Hey! Welcome to the Rich Mom, Poor Kid blog! This is a blog that hopes to encourage those 30 and under (or anyone just beginning their path to financial literacy) to take steps to move toward healthier, wealthier lives of more freedom. Part of financial literacy includes understanding the concepts and vocabulary of finance. The […]
Top 13 Things To Remember About Budgeting
Dear Budget-Seeker, Steve works as a computer programmer. While doing this , he makes approximately $80,000 a year. Every couple of months, Steve looks at his bank account and bills online and is concerned that his minimum payments due on his credit cards are getting larger. Also, he has noticed that the amount that he […]
20 Stock Words That You Should Know By Age 30
Dear Ready to Invest, Before we discuss stock words (aka stock vocabulary), let me say this: Once you have started earning money, creating a budget is the priority. Then, above all, you have to include a category for paying yourself. In fact, you should always pay yourself first. What does paying yourself first mean? Pay […]
Stock in Focus: Pioneer Natural Resources
Greetings My Wise Family! Today, my focus is Pioneer Natural Resources Stock. How did I pick it? It is 10:00 in the morning and I am waiting for my investment club meeting to start. I am a member of the CNBC Investment Club (with Jim Cramer). The live meetings start every weekday at10:20am. So, I […]
What is a Stock? Rich Mom Answers
If you listen to the news, or a variety of people talking, you have probably heard people mention stocks. Are they up? Are they down? Lots of people want to know. But, you may be wondering… Just what is a stock? What is a Stock? A stock represents a fraction of ownership in a company. […]
Spilling the Tea on How to Start A Robinhood Investment Account
Dear Ready to Open a Robinhood Account, How are you doing? I am hoping that you are doing very well. If you have been reading my letters, you know that I think that you should start investing as soon as possible. If you have not read my previous letters, you can find some of them […]
5 Stocks to Buy Your Grandchildren
Hello Young Investors, As I write this letter, I am sitting in the cafe sipping tea. I have a seat facing the window that allows me to look outside and watch a bike race. But it also allowing me to do one of my other favorite things to do…people watch. There is a group of […]
Stock In Focus: FedEx & the CNBC Investing Club
Greetings My Investing Family! This morning, I decided to spend some time thinking about my stocks. I am a member of the CNBC Investment Club. The investing club is run by Jim Cramer and Jeff Marks . You may be familiar with Jim Cramer from the television show called “Mad Money with Jim Cramer.” I […]
A Secret to Success (One Secret That Is Not Taught In School)
Dear Family, Today I am going to share with you a secret to success. Your success is connected to the number of people who you know and who know you. But, not just know you, but the number of people who know you, like you, and trust you. What makes people feel that they know […]