Tag: money management

Stop Spending Money!

ericmilton

Did you know that in America, we buy so much stuff it’s ridiculous?

I’m not talking about things we need like food, shelter, clothing, and our cellphones.  I’m talking about the money on crap we don’t need.  That figure is in the billions.

How do I know we spend money on crap?  Two statistics I just learned provide rock solid proof…

Exhibit A: There are more storage units in America then there are McDonalds, Starbucks and Subway combined.  That’s crazy!

Exhibit B: 30% of donated clothing still have the price tags on them.  That’s incredibly wasteful!

Get this: the average American could not come up with $400 in case of an emergency.

As far as retirement savings go, we are in serious trouble, because only a small percentage of people over 50 have anything saved for retirement.

In no way am I saying that you have to live a life of deprivation.  However…before the next purchase you make, ask yourself: do I really need this?

Until next time…

 

My book, The Stock Market is For Everyone, is a short guide for the beginning, inexperienced investor that is easy to understand and can be put into action immediately.

Click here to be taken to its Amazon page.

(Disclosure: As a participant in the Amazon Services LLC Associates Program, I earn a small commission on each sale generated through these links.)

Investing Is More Crucial Now Than Ever!

ericmilton

For the last 8 years, I’ve been in workforce development, and I’ve noticed a very scary trend: the number of senior citizens applying for minimum wage jobs seems to be increasing.

I don’t have any empirical data to back up my observation, but the eye test is telling me that my assertion is correct.

To top that off, an employer I know that recruits home health aides recently participated in a job fair, and told me the number of people over the age of 50 inquiring about becoming an HHA – a job both low-paying and physically taxing – was frightening.

I know that life has its ups and downs.  Unexpected events will undoubtedly occur.  I, myself, have had many financial setbacks.

But ultimately, I am the reason for my financial situation.  Me.

That means you are, too.

Ladies and gentlemen, we are on the cusp of one of the greatest investment opportunities of any lifetime, and we must take advantage of it.

There is real wealth out there.  It’s yours if you want it!

If you want to know where to look, try investing in the following areas:

1. Mobility as a service

2. Robotics

3. CRISPR genome editing

4. Deep learning

5. Mobile payments

6. 3D printing

7. Blockchain technology

8. China

All of the categories above are emerging technology platforms, except China.  China is a play on Demographics and the emergence of their middle class.

Over the next couple of weeks, I will identify companies you might want to watch in each of these platforms.

Investing is more important now, than ever.  No one in the latter part of life should be in the position of having to apply to jobs that pay the bare minimum and strain the body.

If you need assistance getting started with investing in the stock market, please pick up a copy of my guide, The Stock Market is For Everyone, or reach out to me for a personal consultation.

Whatever you do, do it now.

 

My book, The Stock Market is For Everyone, is a short guide for the beginning, inexperienced investor that is easy to understand and can be put into action immediately.

Click here to be taken to its Amazon page.

(Disclosure: As a participant in the Amazon Services LLC Associates Program, I earn a small commission on each sale generated through these links.)