How to Build Financial Wealth by Dennis Perry

How To Invest in Stocks

dennisperry1 — 2023-12-04 22:14:36 UTC

Given in the article it shows how to invest your money into stocks. This website explains how brokers can help you invest in the stocks you like. You learn how to make an investment account. It also explains the difference between stocks and funds, and how to decide which one is the best for you. These learning experiences help you invest and find the professionals to help you on your way there.

5 Ways to Get Out of Debt

2023-12-04 22:16:42 UTC

In this web article, the best ways to get out of credit card, student loan, or mortgage debt is to 1) list everything you owe, 2) decide how much money can be contributed each month, 3) reduce interest rates, 4) manage outstanding balances, and 5) avoid new debt. This article is especially useful to younger generations because of the ongoing debt rise due to poor financial education. Because of this, learning how to manage your debt will be an extremely important skill to learn early. However, this article is biased because it is promoting the services of Experian, a credit company. Furthermore, it does not expand its scope to how debt can be avoided in the first place.

6 Steps to Building Your Portfolio

2023-12-04 22:17:23 UTC

In this web article, some rules of thumb are established for creating a financial portfolio. These steps are as follows: 1) build an investment profile, 2) allocate assets, 3) diversify assets, 4) select investments, 5) consider taxes, and 6) monitor the portfolio. This article is especially useful to younger generations because, before research, I had no idea that financial portfolios existed. Because of this, teaching the importance of building portfolios will be more than useful to the class. However, the information in the article is biased because it was written to highlight the perks of Citi, a finance company.

Stocks: What They Are, Main Types, How They Differ From Bonds

2023-12-04 22:18:03 UTC

In this web article, stocks are defined as investments in a portion of a company in a specific market. Buyers can buy and sell stocks based on the appreciation or depreciation of a company’s value. This article is for younger generations because almost 90% of people lose their money due to poor investments and risk management. It also provides more clarity to the numerous financial markets. Because of this, the article is unbiased as it comes from an informational brand.

How to Invest Money: Choosing the Best Way To Invest for You

2023-12-04 22:19:01 UTC

Based on the article, investing is defined as the process of buying assets to receive later benefits, particularly money. To invest, you 1) have to give your money a long-term goal, 2) decide if you need professional help, 3) create an account, and 4) match your investments to your risk tolerance. The credibility of this article is accredited to NerdWallet, a well-known finance company. This article is useful to younger generations because many people do not know how to start investing, let alone building their wealth. However, this article is biased because it is actively promoting the perks of a company.

Rich Dad, Poor Dad

2023-12-04 22:19:52 UTC

Rich Dad, Poor Dad is a compelling narrative about an economically stagnant upbringing and the importance of financial education to younger generations. This book is useful because it has numerous financial principles, including how to invest, save, and spend your money. Its credibility is accredited to its author, Robert Kiyosaki, a successful business owner and financial manager. However, Kiyosaki’s expertise is objectively biased to fit the knowledge level of his demographic, young adults. Furthermore, his perspective on finances can differ from a more seasoned entrepreneur.

10 Principles of Building Wealth - YouTube

2023-12-06 21:47:28 UTC

In this video it names various points in how and why these help build your wealth. Investing in appreciating assets, if you wanna build wealth accumulated wealth is dependent upon what you do with your money. Avoiding conspicuous consumption. people get such an urge to fulfill their desires by spending unnecessary money. Everyday we're asked a question to fulfill temptation or be patient and enjoy wealth tomorrow. Apply leverage to build your wealth. You wont get wealthy trading time for money and you CAN NOT do it by yourself. Leverage isn't over working it's working smarter not harder. Debt is a big thing in the financial industry and detaching yourself from things you do not need will lead you the opposite way from dept.

7 Principles Of Building Wealth - YouTube

2023-12-06 21:49:11 UTC

In this video it shows many ways on how to build your wealth. It explains ways to grow financial literacy by improving your knowledge about finance. Financial literacy is the bases with your affiliation with money and is the key to becoming wealthy. Along with the network, the network is connecting to the right people and is the key to becoming wealthy. The intention with the network is professional connection and helping each other grow. Set realistic goals and create a vision, grow an emergency fund, reduce expenses, start investing, and invest in yourself!

How Millionaires Build Wealth! (With Dave Ramsey) - YouTube

2023-12-06 21:52:22 UTC

In this video your sitting down with self made millionaires and them sharing they're inside scoop on how to build you wealth. giving tips to young adults who want to build their wealth. comparing and contrasting ways and truly giving their own experiences on how they build their wealth. its very encouraging and lets us see their big mistakes and helps the viewers learn from what they've already already gone through. It includes the Ramsey 7 baby steps and millionaire next door. This video lets us know that it takes one step at a time and teaches focus and intensity to what your doing.

2023-12-08 21:57:17 UTC

This video is very helpful. It shows animations and many good tips and topics on how to grow you financially and why its so important. it really explains why and it's a lot of good factors on why its gonna help you future tense. it gives examples and definitions and always the listeners to visually see what the video is talking about which is very helpful to most listeners.