You don’t have to know everything about how Wall Street works to build wealth. Knowing and applying the basics of investing over your lifetime is the key to success for investing over a lifetime. Meet Marian Blanton, a schoolteacher who, with patience, some financial education and a steady track record of regular investing, turned her teacher’s salary into an investment portfolio worth $1.3 million!
In our Investor’s 101 segment, Rob Black explains how the power of compounding can, over time, turn a few dollars into a big chunk of change. The more time your money has to compound, and the sooner you begin to save, the more you can earn in returns – meaning you’ll have more money to fall back on when you’re ready to retire.
We also help you figure out how much risk you should take with your mortgage. In our “Scam Alert,” beware of promissory notes. In almost all cases, the only profits go to the promoters of these schemes, and investors are left holding the bag. You’ll meet one woman from Georgia who found out the hard way.
