It is a good idea to have all three types of income…
Tag: money
Becoming a Millionaire by Starting In My 20’s
Dear In-Your-20s-&-Wondering-How-To-Become-a-Millionaire, I am often get asked questions such as, “How do I go about becoming a millionaire by starting in my 20’s?” I love this question because I like that the young person is thinking about building wealth. Sadly, so many young people are distracted by the glitz and commercialism that is ubiquitous on social […]
Income Annuity: A Passive Income That Can Be Purchased
Dear Young Financial Knowledge Grower, If you have been reading my past messages, you know that I am a big advocate for creating passive income streams. One form of passive income is an annuity. There are several types of annuities. Today, I am going to explain one type of annuity called an income annuity. First, […]
The Best Ever Birthday Gift to Buy Yourself
Dear Favorite Ones, First, as always I hope that you are feeling healthy and happy. Did you know that July through October tend to be the most popular months for birthdays in the United States? In fact, August is said to be the most popular month for birthdays, which apparently is tied to the festive […]
Does Being Cheap Make You Rich?
Dear “Wondering About Spending Habits”, Have you ever wondered, “Does being cheap make you rich?” I have heard this question in one form or another several times. Before I get started sharing my opinion on this topic, I want to say “Thank you for reading this. By doing so, you are helping me with my […]
Frugal With Food: 10 Tips To Be More Frugal With Food
Dear Future Frugal With Food, I am so glad that you are here. Sometimes you say that you want to invest more money, but can’t find a job to make more money. Well, if you are wondering how to have more money left over to invest, the bottom line is that you have to spend […]
“What Do You Mean By Financial Literacy?”
Hello Friends and Family! Today it was a beautiful and snowy day where I am. While the snow was gorgeous, I don’t walk outside in that weather. So, I did my daily walk on an indoor track and I ended up chatting with a fellow walker. While discussing our passions, I was asked, “What do […]
Don’t Judge a Money Book By Its Cover
Dear Family and Friends Concerned About Looking Wealthy, Today, I am going to advise you…Don’t judge a money book by its cover. Now, you may think that I am talking about actual books. But, I am not. What I am really talking about is not judging people’s wealth by the material items that you see, […]
What is a CD? It’s Not Just Something to Play Music
Dear Financial Literacy Family, Today’s topic: What is a CD or certificate of deposit? (Hint: It’s not just something used to play music.) But, first I want to check with you. How are you doing? How are you feeling? I hope that you are doing well! Now, let me tell you about a recent conversation […]
Interest vs. Dividends
Hello Family! A recent subject that someone wanted to discuss with me – interest vs. dividends…What’s the difference? That’s such a great question! So, that is today’s topic…interest vs. dividends. Before I start, I want to make sure that you know why I write to you. I write to you because I have made a […]