G. Ingles Financial Commentary
In our household we talk about finance everyday. It's not a taboo subject nor more than talking about your health is taboo. Meaningful conversations need to happen daily, often, and offer insight into what has happened and what is happening. I have particularly found it needed to be available to the young minds of tomorrow. Young children, adults, and those in their 20s are needed to power our world forward. They are the thoughts and innovative minds of tomorrow, which is way different than it ever has been. Gone are the days of blatant racism, segregation, women not allowed to work in America, nor minorities not able to vote. The times we live in now allow the person ready with an idea, a platform, and drive to be anyone they want and go as far as they can image. It is therefore, important to empower younger minds to think, consider the real world today, and save for their future. We should not wait for the world to introduce foreign concepts to them but rather we should expose them to world concepts at home, gradually. What you'll find is more young adults being ready to own their world vs just renting it for most their life.
-Khyla P., 6/23/24
Investing in Young Minds
How do you build wealth? My answer, make smart decisions about what to do with your money, daily. Here is a great excerpt I read off CNN Underscored on How to Build Wealth written June 3, 2024.
If you want to build wealth, it’s best to have a long-term mindset.
It’s really common sense, but budgeting, maintaining a consistent savings habit, avoiding or paying off debt, stashing money away in an emergency fund and spending less than you make are all pillars of building wealth. Investing is the more glamorous side, and that’s also necessary, of course. But day-to-day money management habits are equally important, if not more so.
When it comes to your investments, you can diversify your holdings by owning stocks, bonds, real estate, and other alternatives like commodities. That’s a proven way to smooth your return and help mitigate losses.
It’s easy to have “expense creep” as your salary increases over time and you feel that you can spend more money. That’s why it’s important to monitor your expenses. Consider doing a review once a year to see if you can trim any excess fat from your budget, such as unnecessary memberships or subscriptions you no longer use.
Assets to Build Financial Wealth
Happy day to you world!! This video talks about the importance of saving money. In the event that you ever would like to retire, go on a big trip, or spend some time in between changing jobs you are going to need some money. Don't be like some of those people who run out of choices. Take time today to save money for tomorrow. Always pay more than the minimum amount on your credit card. And if your employer matches, still save more than your employer will match.
Pounds or Ounces is a must have for your daily life and financial library. This book covers topics I have been taking notes on for 19 years. It will show you have to apply and manipulate financial literacy in your favor. Get it TODAY on Amazon or at your local bookstore.
My $230 Habit is an actual trading journal documenting what's it like to trade in the worst markets with a plan when everything fails. This book covers technical analysis, when to invest, why should you invest, and illustrates the benefits of piece meal investing or building a portfolio slowly vs quickly.
Grab the book on Amazon today for $25.99 or at any bookstore.