Have you heard about Coronavirus yet? If not, you must be living in a remote Forest without a cell phone. Let’s try to forget the last few months look forward to April. Business industry is being shut down more and more each day.
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.
Most people probably would say they love and care for their family and friends. Myself I like to solve problems because I don’t like to see anyone suffer. Especially when it is my family or friends. It normally has felt good when I could help them out with loaning people money but then normally those feelings go away and new feelings of pain seem to set in.
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.
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 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.
We all probably have different meanings of what a “Need” or a “Want” is to each of us. We have tried to get our boys in the habit of looking at things as a Need or Want when they want to buy something.
December felt like a roller coaster for me this last month but when the month ended, we were up a lot for the month and over a year ago. I don’t quite know how after selling some stock and with all the negative political news on TV again in December.
It would be really hard or impossible to know everything about everything even though my teenagers think they do. LOL Building a Financial team is one of the Mills Family Financial Freedom rules we cover with our kids.