They say the average millionaire has 7 forms of income. 💰
While I may not be a millionaire, I do see the purpose of not having all your eggs in one basket.🥚 Let’s say you got fired or laid off. Do you have enough money saved up to pay your rent? Or do you have a second income that can withstand your lifestyle? 💸
Did you say no to both of those? Then this message is for you. 🗣
I’m not telling anyone to go get two jobs, because two jobs are for two people. I am saying to always be prepared with saving and investments.
Always have more assets than liabilities and live below not at your means.
Not only will you be prepared for the “what if’s” you will also develop a good nest egg for when you retire. 🎉
Jack Dorsey, chief executive of Twitter and payment company Square, has spoken of his strong belief in the future potential of bitcoin.
In an interview with The Times published Wednesday, Dorsey, himself a noted bitcoin investor, said he believes the cryptocurrency will take over the U.S. dollar's dominant place in world finance and become the primary global currency for payments.
Suggesting the shift could happen in 10 years or perhaps less, the entrepreneur said: "The world ultimately will have a single currency, the internet will have a single currency. I personally believe that it will be bitcoin."
While conceding that bitcoin is faced with scaling issues right now, making it "slow and costly," Dorsey nonetheless argued that new solutions will ease that difficulty in the end.
"As more and more people have it, those things go away. There are newer technologies that build off of blockchain and make it more approachable," he said.
In fact, Dorsey is putting his money where his mouth is in an effort to bring about faster, cheaper bitcoin transactions.
Many mutual fund investors are quick to withdraw their cash when returns turn sour. But several academic studies have proven that investors who jump from one fund to the next, chasing performance, tend to do vastly worse than those who stay put. Be prepared to stick with a fund through good times and bad -- with one exception.
Selling stocks can present a more complex set of questions. Two major warning signs may suggest that it's a good time to sell:
1. The business's fundamentals change. Is a new competitor rendering its basic products obsolete? Is the company branching out into areas wildly unrelated to its core competencies, leaving you no longer able to understand the business?
2. The stock becomes overvalued. Has the market bid the company's shares up to unsupportable heights? Is the stock likely to crash on the slightest bad news? Does the risk of such a tumble outweigh any tax hit you'd take by selling now?
Read more: https://www.gemamagic.com/news/detil/1124022018115548
Everyone can be a winner with Gema Magic Indonesia 🌏
Gema Magic Indonesia
PT. Master Mulia Gema Indonesia
Gedung Sarinah, Lt. UG, No.8, Jln. MH Thamrin, Jakarta Pusat