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“… I figured instead of being mad about it, I should do something about it” An Alchemist who created her financial destiny and inspired many.
“I had a member at our bank come in because he was upset that we were taking “dividends” from his account. I had to explain that process and that was frustrating. I figured instead of being mad about it. I should do something about it. I started teaching my kids some of the terms we got questions about frequently and the Internet saw it and asked for more info on it.”
“ Start with a Budget! Write it down on real paper with a real pen.”
"Save until you can start investing!"
Did your parents share about their income and tracked expenses in your presence? Or this was something that you were totally ignorant or indifferent as a child?
Do you know why money is a great servant but a bad master?
An IRA actually stands for Individual Retirement Account, which is actually made for a minor and is held by parents or guardians until the kid turns 18. The ideal concept of parents for making IRA accounts is that their kid doesn’t suffer from the financial crisis and that they have some sort of financial stability as they grow up, hence can start learning and saving as soon as they grow up.IRA accounts are of two types basically -1. Traditional IRA - In traditional IRA, one is supposed to pay taxes while they withdraw the money from the account.2. Roth IRA...