I went on YouTube tonight, to listen to some music. One of the videos that popped up was a song about the stock market. Click here to go the the video. This channel apparently has a few videos related to finance. There is one on money management. A third video is about The Way to Wealth.
As people go through there lives, the light bulb comes on for some people. They realize that they need to make better financial choices in their lives. The money you put in a savings account pays very little interest these days. With the rates so low these days, the saver is losing moving due to inflation.
Some options for people are to get a second job, invest in the markets or real estate, or start a small business. With a second job, this could be used to help pay expenses or pay down bad debt at a quicker pace. When investing, people have there money work for them though the companies they are partial owners in, which means they are shareholders. When a company like McDonald's make a profit, they may share some of those profits with shareholders via dividends. McDonald's pays a dividend and has done for year. So after the purchase, a person will get a quarterly check from McDonald's as dividends in proportion to the amount of shares they own on the dividend record date. This income comes in with zero effort, besides the investment, on a quarterly basis for most companies.
An investor can also purchase real estate that he or she can rent out. Then rental income should be large enough to pay the mortgage payment on the property, insurance, property taxes and other expenses related to running the property.
DISCLAIMER:
No comments:
Post a Comment