Millionaires and old money families have something in common. Their money works FOR them. Start today by having your saved money work for you too! Your money earns interest if it’s in a savings account or money market. You might also be earning dividends on stocks, or interest payments from a b

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Here’s how a weekly budget works: 💰Figure out your take-home pay per week. This likely requires a bit of basic division since many people are paid bi-weekly or at another cadence. 💴 Next, look at your spending on necessities, such as housing, utilities, basic food (but not dining out or those

Many people don’t think about their spending objectively. Money is very emotional- meaning many of us spend money to feel better when we’re sad or bored. This can look like splurging on a new bag or shoes after a break up, paying high prices for DoorDash to satisfy a craving, or booking a vacat

Let’s discuss a few financial things you need to know about mortgage loans. 🏡 Your credit score will help you determine your financing options; lenders use it (among other factors) to set the terms and rates of your loan. The higher your score, the lower the interest rate you will be eligible fo

If you haven’t heard of DRIP yet, this post is for you! A DRIP is a “dividend reinvestment plan” where cash dividends earned on eligible securities in your account are reinvested to purchase additional shares automatically and commission-free. DRIP allows shareholders to reap the benefits of

Had the most adorable and fun photos taken of my pup.. he’s a weenie mix and LOVES food, so it was easy to get him to participate in this photo shoot 😂 #Petlover #lemon8challenge #dog #dogsoflemon8 #puppy #doxie #dauchshund #photography #pets #petsoflemon8

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The hardest part about investing is deciding what to put your money into. While the “right” answer is going to be different for everyone depending on their goals, risk tolerance and timeline, there are a few things to know that will make it easier! 📈 Holding diversified stocks long term is usua

Ordinary Shares vs. Preferred Shares Basics: 📈 Ordinary shares (aka common shares- you might even see it labeled as ORD SHARE) trade on the market and these are what most people are referring to when they just say “stocks”. This is the primary type of stock that is traded. These shares might pay

When you first start investing there can be a lot of overwhelming information. When you buy stocks, chances are at some point you’ll receive an email from your broker about a “Proxy Voting Event” or something similar. Let’s break down what this means. Companies who trade publicly on the market u

Let’s talk about Individual Retirement Accounts (IRAs). This is where many people get stuck- should you choose Roth or Traditional? Let’s break down the similarities and differences: Same for both: 1. They both have a $7,000 limit on contributions yearly for 2024 (or more if you’re over the

A dividend is the distribution of a company's earnings to its shareholders and is determined by the company's board of directors. Dividends are often distributed quarterly and may be paid out as cash or in the form of reinvestment in additional stock. This is money paid to you, and y

The term “lifestyle creep” refers to the phenomenon where people tend to live just at their means, or spend as much as they can afford. An example is if someone making 50k a year salary was living paycheck to paycheck, as soon as she gets a raise and starts making 60k- we would assume that she’

A mutual fund is like a basket of stocks. You can buy a “slice” of the fund, which allows you to own tons of different stocks with one easy purchase. However, mutual funds are not exchange traded, meaning they only trade once a day and don’t operate like a stock. An expense ratio (ER) is a

✨Stop buying things that will clutter up your home. Less is more! ✨ Buy staples and investment pieces for your wardrobe. You don’t need to have every trendy shoe or bag. They go out of style so quickly and you do not get your money’s worth. Be selective and buy less. Thrift when you can! ✨ P

The truth is that Crypto is pretty volatile. No one truly knows if it will fizzle out, become the universal norm in 10 years, or something in between! Digital assets are relatively new and are not currently being regulated the way other securities and currencies are, which means they can be ris

Having trouble saving money? Follow the tips in the pictures to help stay on track with your savings. If you choose to save and invest (even a small amount) each month, you’ll be so much better off. Save what you can and over time the power of compounding will change your life! #save