Wealth in Words

Despite what you may think, investing is for everyone. When it comes to investing, the best thing you can do is start. I’ve been emphasizing this for years with clients and friends who ask how, when or where they should invest. As I’ve told them, the sooner you start the faster you can put your money to work for you. The worst thing you can do is become overwhelmed, freeze, and end up doing nothing.    Though getting started can be a struggle, following through on the ideas below will help you  make good investments this year. Stock market While it is common advice, the stock market can offer excellent investment return opportunities for you.  After all, most millionaires earned their wealth through building and owning a business . For most of us, the next best thing is owning stocks which represent an ownership stake in a public company. Even though stocks are at all-time highs you will benefit from putting your money to work in...

Before you say “$100 is not a lot of money for anything,” consider that there are a few strategic options you can use to grow $100 significantly . For example, while $100 may not seem like much today through the power of compounding it can increase substantially. Compounding works by allowing your money to earn interest on interest effortlessly. In other words, if you invest your $100 into the market and earn an average return of +7% annually you will begin to see that account balance grow exponentially over time. In this example, after the first year invested your account balance will be $107 dollars. Then, in the second year your +7% return will be calculated based on this larger account balance of $107 which results in an ending value of $114.49. Assuming an average return of +7% each year you can see how your account has started to increase its earnings power by returning $7.49 in year two after earning just $7 in year one. Over time, the larger the dollar amounts ...