Prosperity Thinkers BLOG
At Prosperity Thinkers™, we have a wealth of information for you. Please take a moment to look through everything and if you have questions, please email Support@Prosperitythinkers.com.
The Ultimate Guide to Financial Planning Myths
What does financial planning entail…and what does it get wrong? See, the financial planning industry has long been perpetuating misleading ideas about retirement, savings, and investments. And a “plan” can only get you so far—assuming everything goes according to plan. Yet life so rarely
Your “Cash from Scratch” Guide to Creating Income
How to Start a New Side-Hustle, Job or Career Working from Home! 2020 is over and the world is beginning to open up again, yet many people are realizing that there’s more to life than a job they dislike. After a record-high unemployment rate
7 Investment Strategies for Volatility in the Market
“Every decade or so, dark clouds will fill the economic skies, and they will briefly rain gold. When downpours of that sort occur, it’s imperative that we rush outdoors carrying washtubs, not teaspoons. And that we will do.” Warren Buffett These are uncertain times
Understanding the Impact of Credit in the Economy
Most of us have a basic understanding of how credit and debt works based on our personal experiences. We borrow someone else’s money (the bank’s, the mortgage company’s, a friend’s), then we buy something and repay the lender with interest. That’s the basic formula:
Disrupting Money: The Rise of Bitcoin and Cryptocurrencies
Disruptive technology has come to the financial world. Bitcoin and other digital currencies are reshaping how we think about money. As Peter Diamandis observes, cryptocurrencies are making money “more digitized, dematerialized, and democratized than ever before.” Bitcoin also provides a way for people to
Live Long and Prosper: Learn 5 Ways How to Never Run Out of Money in Retirement
A 2019 survey by AIG Life & Retirement revealed a surprising 53 percent of respondents listed living to 100 as a goal. Today, as life expectancy for Americans is increasing, more people than ever are reaching this goal. With so many people planning to
Financial Flexibility: Saving Too Much in All the Wrong Places?
“30% of workers dipped into retirement funds during 2020.” (Forbes, Janurary 6, 2021) Financial Flexibility: Since the 2008 Financial Crisis, more people have been raiding their 401(k)s than ever before, but not for retirement. In 2013, the Los Angeles Times reported on a HelloWallet
Convertible Term Life Insurance: A Third Option
“The third option is that other possibility…”– Lynn Barrette, Counselor and inspirational blogger Life Insurance: It’s Not An Either/Or Decision “Whole Life or Term Insurance?” It’s a never-ending debate amongst financial advisors and self-proclaimed experts. Today, we’d like to suggest a third option: convertible term life
SELF-INSURANCE: A DIY Project to Avoid!
Ever take pride in something you did on your own? It could be something as simple as preparing an expense tracking sheet or as involved as a home repair. American society celebrates those that are self-made. It’s why we hold entrepreneurs on a pedestal;