When it comes to Business and Investing, I am not an expert. But I have learned a thing or two along the way. So, maybe I should say I am not as expert as I would like to be, but I am getting there! The first thing I learned is that the earlier you start, the better. The next thing is that it is never too late to start.
If you need to improve your credit, I highly recommend this guy: Dominique Brown. I was very impressed with his no-nonsense instructions on fixing your credit. I am not getting any commission for saying this. Believe me, I did check his site to see if he had an affiliate program. He doesn’t. But he is still worth the time and money if you are not sure what to do. You can join his program, and it can be expensive. But my mama didn’t raise no fool!
I signed up on the subscription (like Netflix for finances), which was about $29 a month. Then I binge-watched every single training video, downloaded links and forms I might need. Then I canceled the subscription. I got every single training the man offers for less than $30. Now I get emails that I am qualified to run my own credit repair business. Now, who would have ever thought THAT?
Whether you are investing in traditional products through your company’s 401K, or going out on your own, you need to find a way to make your money work for you. Business and investing does not necessarily have to be the traditional routes we learn about in business classes.
Do not trust that the federal government can or will take care of you when you are older.
We are living in a society on the brink of disaster, between government overspending and bitter divides between parties, who is to say what will be available by the time you get to retirement age? Especially for you spring chickens out there who have a long way to go!
If your company has any matching contributions to your 401K, make sure you have set one up, and that you are contributing at least enough to get the maximum that company will match. For example, my company has a very generous six percent matching.
So if I contribute at least six percent of my income, they give me another 6 percent directly deposited to my 401K. This is FREE MONEY that I did not have to work for! This helps me down the road, because I have the extra six percent a year, but also, since my 401K is invested in the stock market, I have the potential to earn even more.
This also helps me in a way you may not have thought of.
Everything I contribute, up to a certain point (which depends upon age of the contributor), is tax deferred. So, if I contribute to my 401K, my taxes are less now, and I actually get a little more in my paycheck. You definitely need to educate yourself on this and take advantage of anything your company might be offering.
By the way, this same applies to the new Health Care Savings Accounts (not spending accounts). The money earns for you while in the account, and you can use it for any health care related expense. In addition, after a certain age you can also use it for other expenses. Meanwhile, contributing to it lessens your tax burden now.
Of course, anything that gets put in the stock market is risked, so you don’t want all of your eggs in this particular basket, either!
So what do you do? The answer is going to be different for all of us. I have started doing some small online investing in pot stocks. Yes, really. The research in what this plant can be used for (besides recreation!), is amazing. This field is definitely going to continue to boom for years to come. I have no interest in smoking anything, never have. But if I can make money in the industry by investing in new medical marijuana start ups, etcetera, I am all about it! You can do this right on your phone on apps like E-trade!
For me, I am also investing (mostly my time) in this blogging site. With all I have learned since I stumbled across Blogging with Rory, I am amazed. Learned a great deal about marketing and Advertising, and also more mundane things like working with spreadsheets. I am learning about diversifying my income streams and creating more. We can never know too much about that!
Not gonna lie, haven’t made much money, yet. But I also joined at a particularly busy time in my life and never really got to spend much time working on it. Until recently. The more I do, the more potential I can see in future income. And this month I get my first $750 check for a great program you may also qualify for. It is guaranteed for six months, if you are approved. Some people I know have been getting it for nearly two years!
What I like as much as the potential for drastic income growth, is the camaraderie of others doing the same thing.
We have several training calls and webinars each week, and I learn a lot. Even better, I get to interact with like minded people, who are all very supportive of each other.
We also have daily chat groups and even Prayer chains. If this sounds like the kind of atmosphere you would like to work in, while actually working from home or anywhere you can get internet access, then feel free to join us!
When you do, or even if you don’t, you might also like to check out cryptocurrency as a way to invest. For example, if you join Coinbase, you get money (crypto) just for joining. And then you can do quizzes on their site that actually pay you, while you are learning about crypto! I just got a notice this afternoon from Coinbase that I earned more TEZOS today. I haven’t done a darned thing with Coinbase in weeks, to be honest…but I got paid!
Today I went on and did several quizzes and earned $25. You can also get $10 in free crypto when you buy $100 in crypto using this link. You can then use this knowledge to not only invest in a more informed manner, but promote it and earn when other people use your link to sign up.
See what I mean? There are so many ways out there to get into business and investing! And while all of our journeys will take different paths, we are heading the same way–towards success and fulfillment. Bon Voyage!
Response Magic