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Viewing posts tagged with: pandemic

Whose Net Worth Might Drop Due to the Pandemic?

by Jenny Smedraon April 2, 2020 ~ Leave a Comment

Whose Net Worth Might Drop Due to the Pandemic?

Forbes Billionaires The beginning quarter of 2020 has been costly for investors around the world. The stock market crash which began on February 20, 2020 saw the Dow Jones drop an average of 17%. This is the greatest drop since the 2008 mortgage crisis, causing more than $6 trillion of global stocks to disappear. This […]

Filed Under: Buzz Around the Web, Money
Tagged With: coronavirus, covid-19, net worth drop, pandemic, stock market crash

Bees Finance Rules

HERE ARE SOME SIMPLE GUIDELINES THAT WILL HELP YOU BUILD WEALTH:  

PAY OFF HIGH INTEREST DEBT: DON’T CARRY A BALANCE ON YOUR CREDIT CARDS

TAKE WHAT UNCLE SAM GIVES YOU: MAXIMIZE YOUR CONTRIBUTIONS TO TAX ADVANTAGED RETIREMENT ACCOUNTS

DON’T PROCRASTINATE: WEALTH TAKES TIME TO ACCUMULATE, SO DON’T WAIT

SAVE, INVEST AND REINVEST: LET COMPOUNDING WORK FOR YOU. SAVE YOUR MONEY, THEN INVEST AND REINVEST IT

SAVE AND INVEST AT LEAST 5 TO 10%: PUT ASIDE AT LEAST A MINIMUM SO YOU’RE STUCK WHEN YOU’RE AT RETIREMENT AGE

HAVE AN EMERGENCY FUND: IF YOU CAN’T SAVE 6 MONTHS OF EXPENSES, GET AT LEAST $1,000 SAVED UP

OWN: OWNING ASSETS IS GENERALLY TO YOUR ADVANTAGE. GET AS MANY AS YOU REASONABLY CAN

IF YOU ARE MARRIED, BUILD YOUR PARTNERSHIP: HAVING A STRONG MARRIAGE CAN BE AN EXCELLENT ACCELERATOR. WORK ON YOUR MARRIAGE AND CARE FOR YOUR SPOUSE.

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