This week’s Personal Investment Tip is about cash flow; Cash flow is definitely queen! The reason I say this is because it’s difficult to increase your investment money each month if you are not cash flowing, unless you have been blessed with a one-time inheritance, bonus, or large capital gain from some type of investment. Even if you have had such a fortunate financial event, you still probably want to focus on adding investment capital on a regular basis so you can really compound your wealth. Cash flow calculation is simple; it’s just the amount of money coming in less the amount … [Read more...]
You Won’t Believe What A Difference This One Little Thing Makes!
March 31, 2011 By Leave a Comment
Today’s Personal Investment Tip is about the relationship between tax advantaged accounts, such as IRA’s and retirement accounts, and the outcome or investment objective you have for each investment. By tax advantaged account, am referring to an account that is either tax free, or, more commonly, tax deferred, meaning you’ll pay taxes on the account’s investment returns, you just don’t have to pay until later. You probably already know the importance of wealth compounding tax free since it grows significantly more than wealth that is taxed; the difference is enormous. It is so … [Read more...]
