Page 36 - Blance book
P. 36
Basic Saving & Investing 101
What are saving, investing and entrepreneur?
1. Saving - is amount of something that is not spent or used, example emergency
fund, purchasing a house, buying a car
2. Investing - the act of committing money to an endeavor with the expectation
of obtaining income or profit,
3. Entrepreneur - a person who organizes and create new businesses in given
market.
Food For Thought: Knowledge is power, and it’s a must that you continue
observe, learn and understand.
Always open your savings account in a money market checking and savings
account. You will earn more interest money market vs. bank savings account.
When you start investing always use operational friendly brokerage houses like
Charles Schwab, E-Trade, TD Ameritrade, or JP Morgan Chase. If you don’t want
to be that hands-on with your investments, seek out a financial advisor to help
you put together a financial investment strategy. But do your homework! Not all
financial advisors are out for your best interests, they rely on commission.
Entrepreneurship: we need more entrepreneurs in our family. We have so
many talented people with diverse backgrounds and a strong work ethic. Build
your own business or better yet a portfolio of family businesses that employ
people!
36
