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The BlackProsperity Road Map:
Growth-change
your Thinking/Habits/Confront
your Fears.
Self
Education-
Knowledge is the key to successful wealth building.
Educate-Yourself
to maximize your talent.
Career
Planning-Plan
the Career that is right for you. Discovering Your talents.
Money
Management-Learn
How to control your money.
Smart
Banking-utilizing the full services of your bank.
Credit-Learn
how to use it to your advantage and stay out of debt.
Investments-Learn
about them to gain some money back.
Real
Estate-A good
start in investing.
Entrepreneurship-Owning
your own business is it for you ?
Retirement- Don't
be fooled what you do with your money dictates what kind of life style you
are going to live. Weather it's Good, Bad Or Ugly
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"
According to the National Association of Realtors, the median age of
first-time buyers is 28 years"
blackprosperity
What is this about investing money, the purpose of
investing money is to make more money and allow interest and or dividends
to add up and reinvest this is the true way to wealth building.
- Savings account-
- Certificate of Deposit (CD)
- Bonds
- Mutual Funds
- Stocks
- Mortgage-Backed Securities
- Real estate
Liquid Assets
Any money that can be accessed on short notice, such as checking and
savings accounts, short-term investments and Treasury bills (T-bills).
Use their current value.
Investments
Stocks, bonds, mutual funds, stock options, annuities, life insurance,
employer-sponsored retirement plans, and other employee benefits. Use
their current after-tax value.
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Discovering Your
Net Worth |
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Assets |
Liabilities |
Liquid Assets
Any money that can be accessed on short notice, such as checking and
savings accounts, short-term investments and Treasury bills (T-bills).
Use their current value.
Investments
Stocks, bonds, mutual funds, stock options, annuities, life insurance,
employer-sponsored retirement plans, and other employee benefits. Use
their current after-tax value.
Real Estate
Calculate the current after-tax market value of your primary residence
and any vacation homes or investment properties.
Personal Property
Cars, motorcycles, boats, jewelry, furs, wine, and electronic equipment
are all part of your assets. Some assets, like artwork, antiques or a
stamp collection, may appreciate in value, while others, like cars and
boats, depreciate over time. Use their current market value.
Miscellaneous Items
Include anything else that does not fit into the aforementioned
categories. Such items might include equity in a business or a trust
fund. |
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Mortgages
This is usually the single greatest liability that many people have. Use
the mortgage balance.
Secured Debt
Any items that can be recuperated and resold by the lender, such as
cars, trucks, motorcycles, boats, and business loans. Use the loan
balance.
Unsecured Debt
Personal loans such as student or renovation loans. But for many people,
credit cards represent the greatest source of unsecured debt. Use loan
or credit card balances.
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To learn more about investing go to:
Investopedia.com - your complete, unbiased, and easy to understand educational guide to investing and personal finance. The site includes the most comprehensive investing dictionary on the web as well as tutorials and articles covering just about every area of the market.
" There are Two Things That Speaks Louder Than Words, Action
And Money; HOW LOUD ARE YOU"
c.w.hurd
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