This is a three-part series on how to make your next million dollars. The key to doing this is PLANNING! There needs to be a “savings” line item in your monthly budget. Unfortunately too many investors are not saving much, if anything at all. Part 1 of the series discusses the key behavioral trap investors fall into that prohibits them from reaching this milestone. Part 2 describes the assumptions you need to consider when calculating how long it is going to take you to get ... Continue Reading
The first in a three-part series on making your next million dollars.
Invest in stocks for less than $25 a month.
Investing in company stocks is a great way to earn dividends and build wealth over time. However, most brokerage houses charge several hundred dollars to invest in stocks. Even discount brokerages like E-Trade and Ameritrade want about $10 per transaction. These fees exist because you buy and sell stocks through a middle man (i.e., stock broker) when you use a brokerage house. So what can you do if you have only $25 to invest in stocks each month? Avoid the middle man You can actually ... Continue Reading