Stop making these 7 money mistakes!

How Mutual Funds and ETFs Build Wealth

  December 28, 2021  |    #Make Money

This is our second post in a series about investment types. As 51 percent of Americans didn’t save for retirement in 2014, they unfortunately have so far missed out on the fourth longest bull market run in history. The most common reason survey respondents gave for not investing was they didn’t know enough about investing to invest. With this series, we hope to demystify investing.

Last week we discussed individual stocks, both common and preferred stocks. This week, we’ll discuss mutual funds. Next week we’ll discuss exchange traded funds or ETFs.

A History Lesson on Retirement

  December 16, 2021  |    #Live Fabulously

We recently read “The Greatest Retirement Crisis in American History” in Forbes by Edward “Ted” Siedle. In it, Sidle argues, as the title eludes, that we are about to experience the greatest retirement calamity in our nation’s history. He suggests we are in wave one of up to four waves caused by retirement planning shortcomings. The first wave, which recently started, forces retirees back to work. “Welcome to Wal-Mart.” The second wave delays retirement for most. The third wave cancels retirement for most and the fourth wave financially ruins most senior citizens. 

Avoid these 7 mistakes to get on the fast path to wealth.