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.
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.