A Self-Directed IRA is technically not any different than other IRAs (or 401ks). Self-directed IRAs have been around for years, but they’ve been gaining popularity recently among do-it-yourself investors looking to expand beyond stocks, bonds and mutual funds. A self-directed IRA is not for the passive investor. You must be involved. Self-directed accounts put more
Most individuals are instructed to get an education and then a job. Then, after landing a solid job, the recommendation is to save a percentage of each paycheck for the next 40+ years until retirement. This linear path from school until death, means spending the majority of each day at work, climbing a ladder, to
What is a financial portfolio? In simple terms, the word portfolio is used to describe a collection of things. It can be art, stocks, bonds, real estate properties, or precious metals. Our job is to build an investment portfolio that meets our needs, fits our situations and consists of assets we understand. Typically, you can
What is the Coptic diet? Do you know? As we elevate spiritually certain things, activities, tastes and cravings do fall away. However, in all things we say, moderation. As Copts we know that all sickness is not unto death however, many of us are an illness away from financial death or ruin. Illness costs money,
Many of you have enjoyed watching Cookie’s antics every week on the show Empire. While you were watching, the term IPO was mentioned at least once every episode. An IPO or initial public offering is the first sale of stock by a company to the public giving those who purchase a portion of ownership. I
Exercise a full understanding of what it means to save money. Most ads boast save money and shop here. That can be an oxymoron. You can save a lot of money by NOT shopping at all. Make sure your purchases are deliberate so that you can avoid spending unwisely. For example, it’s now the end
Let’s consider how to apply the miracle of the Resurrection beyond our Spirit. What’s the difference between a nice neighborhood and one that’s not? The same buildings are north and south of the city; however, the inherent value of real estate is considerably lower south of Madison. The one thing we all can do is
There is an integrity and character demonstrated in how you deal with your debts. Some people freely incur debts with no thought on how they’ll be paid. Your money habits (aka credit worthiness) are an indicator of how you deal with debt. Strive to do what’s right in everything you do particularly concerning your finances.
Delaying even a small task or issue can most times result in a big expensive problem or project. Kicking the can or putting off until later can sometimes result in very expensive lessons. Procrastination costs — big time. We’ve all done it: Put off something until tomorrow that could have been done today. Habitual procrastinators
This links up with a MKFP post not so long discussing integrity. We can all agree to the command “do what’s right!” The 1989 movie penned it as “Do the Right Thing”. Some may think this is reserved only for how we deal with one another when it’s actually a universal concept we can apply