March is over but upcoming months may not be any better. WOW, we are living in a wild time right now. I know our boys should remember this the rest of their lives. March again wasn’t a fun month if you have money in the Stock Market or in Digital Currency. As you know the Coronavirus is growing and it hurting people, businesses and our economy. For us we may not like seeing the stock market numbers but we know we are in for the long haul and we feel the stock market will come back sometime down the road and be even stronger than it was.
For our family Roth IRA’s and Roth 401K’s are currently our best option. We are a huge fan of them. It isn’t for everyone but we stress to our boys to start with Roth Retirement Accounts early to help them towards their Financial Freedom goals.
Many people do not have enough money in their bank accounts to pay for a $1,000 car repair bill. I have worked with and talked with so many people that had less than $100 in their checking and savings account. Many had no retirement savings either. I have heard that one out of four people have no emergency savings fund.
Once debt free it is important to stay debt free. This is one of the lessons we teach our boys. It is easy to get back into debt if you let yourself once you are debt free. I know this from personal experience. I let myself do this several times until I got tired of the rollercoaster of debt and jumped off.
Let’s try to forget February and look forward to March. There is a lot of negative news right now that for sure is affecting the stock market. With the Now the Coronavirus situation. There is so much news about the Coronavirus everywhere.
ebruary wasn’t a fun month if you have money in the Stock Market or in Digital Currency. As you know the news stations have been pounding how bad the Coronavirus is and it has been tanking the Markets. For us we may not like seeing our numbers but we know we are in for the long haul and we feel the stock market will come back sometime down the road and be even stronger than it was.
Everyone has different situations that can affect when they choose to start taking Social Security payments. Some of my friends started at age 62 and some waited till age 70. For your situation it would be good to visit with your Financial Planner and your local Social Security Office.
We just showed the boys again today how we were over charged at the store. It was only $4.20 on that trip but like we told them that $4.20 if it happened each week it would add up to $218.40 in one year.
Some people don’t like to think or talk about their own budget. They may feel like it is work to do or they feel they won’t have anymore fun in life if they start following a budget.
We had another record Net Worth month even with everything going on in this world. There is a lot of negative news right now that could for sure be affecting the stock market. With the Trump Impeachment case going on right now to the Coronavirus outbreak. Now the CDC said they confirmed Friday a second US case of the deadly Coronavirus.