In light of the recent economic volatility, a lot of people are wondering what's going to happen next. No one can see the future, but I want to paint a broad picture of what could likely happen, and how it will affect you in 2009.
My father taught me about money at a young age. By 19 I had already traveled to multiple wealth-building seminars across the country ranging in everything from stock trading, real estate and to making a living as a professional speaker. After meeting multiple millionaires I wanted that lifestyle for myself and trading stocks seemed like the best way for me to get there.
The Fast Rise
Talk to people nearing retirement and they will say they wish they had saved more.
Like many young people my first priority after high school was to go to college. However, upon doing further research (hours of Googling and browsing Craigslist for jobs), the future employment market for college grads didn't seem as lucrative as it had been made out to be. So I took the opposite approach. I figured I could get a house and rent out the rooms for income when I was ready to attend school.
The stock market is complicated. Most people only invest through their 401k or IRA retirement plans. It takes a person obsessed with money, or at least numbers, to truly enjoy watching the stock market. From afar it's just a bunch of meaningless graphs and charts, but there's a lot more to it than that.
Investing can seem like a complicated and mysterious beast. How are we supposed to make sense of all of the jibber-jabbery jargon and numbers? Company-matching 401ks, Roth IRAs maxed out at $5,500 annually, $3,000 minimum investments, $8.95 fees for every trade, any time you trade and many more mind-boggling figures.
April 15 is Tax Day, and nearly 90 percent of people have already received their refunds. The average refund at this point? $2,893.
Got a passion in need of promotion? If you need a little help raising money for a cause (no matter what it is), you’ll probably want to take a few notes.