The Truth About Building Wealth

How to Become Financially Independent [Explore Three Steps Inside]

Are you tired of living paycheck to paycheck or feeling trapped in a cycle of debt? Becoming financially independent is a dream for many, but it can be challenging to know where to begin. In this post, we’ll explore three crucial steps you can take to start your journey toward financial freedom. By implementing these Read more

Three Simple Money-Saving Tips to Follow

Saving money is one of the necessary steps to building wealth and gaining financial independence. There are three simple money-saving tips you need to follow down the path of financial success. Tip 1: Realize that You Have Control There are so many things begging for your financial attention. What you purchase is determined by your Read more

What Are the Dangers With Balloon Payments?

Chrysler calls balloon payment loans “Customer Choice Financing.” That might sound great, but the truth is, it’s practically the worst way you can finance anything! Today, we’re discussing the risks of balloon payments in two different but equally essential financing areas: Car loans Commercial mortgages Definition of Balloon Payments Loans or mortgages with a balloon Read more

How to Invest 1,000 Dollars: Explore Your Options

What is the best way to invest $1,000?  If you’re in business for yourself, the answer might seem simple. Investing in the success of your business can deliver greater returns than simply playing the stock market—although business investing is equally risky. That’s because investing in your business isn’t passive income earning like the stock market—succeeding Read more

Legal Ways to Reduce Taxes

Last Updated: March 17, 2021 Just how big of an expense are taxes? On average, you can be expected to spend 25-35 percent of your salary on taxes each year. That means 3-4 months of each year (or 13 years of your life) goes towards paying off your tax obligation. Unfortunately, as long as you’re Read more

How to Calculate Your Portfolio Return

How to Measure Your Portfolio Return We wanted to calculate and understand the return on Wealthsimple Portfolio vs. S&P 500 performance. First, we ran into a few issues understanding what exactly different return metrics mean. If you are just as confused, hopefully, this video can give you tools to understand your reports and compare your Read more

How to Invest $1000 in Stock Market

Invest $1000 in Stock Market: 3 Ways. If you want to invest $1000 after you have paid off high-interest debt and have an emergency fund, this video is for you. Overview Invest $1000 Prerequisites Investment Considerations Robot Advisors One Diversified ETF Build Your Portfolio Useful Links 💰Get $50 in FREE Trades💰 How to Value Stocks Read more

How to Build Wealth: 3 Basic Steps

Updated: August 6, 2020 Financial independence is a goal that many of us want to work towards. Wealth creation is one of the factors to becoming financially independent. Many people believe that you need to have a lot of money to create wealth. This isn’t true: you can build wealth with the income you currently Read more

What Is a Traditional IRA?

If you’re looking for a way to supplement your retirement income, why not consider an individual retirement account (IRA). There are a couple of different types of IRAs: traditional, Roth, SIMPLE, and SEP. A traditional IRA is an account that grants the owner tax advantages when saving for retirement. You may open an IRA at Read more