Expanding Investments lead to Living In StyleWritten by Ida Byrd-Hill
Everyone secretly desires to be ‘Rich and Famous’, whether it is on local, national or worldwide scene. We spend our lives chasing this desire. We strive to live in a spacious home in an affluent neighborhood decorated by a professional interior designer. We enroll our children in prestigious private or public schools to acquaint ourselves with finer things in life. We join social clubs to have access to mover and shakers in world. We adorn our bodies with best jewelry, clothes and accessories that money can buy clubs outfitted in designer clothes We, even, jetset amongst wealthy at exotic locations around world. Yet we miss basic concept that makes ‘Rich and Famous’ who they are. They are rich and famous as these individuals live a life where they consciously map out their life’s purpose and direction. They set out to achieve that purpose within a profitable career whether it is in sports, showbiz, business or medicine. Consequently, they have large investment and bank accounts. Their accumulation of assets—cash and
| | Hold the Dollar Rule the WorldWritten by Ida Byrd-Hill
Today, all Americans are engrossed with news reports of stock market decline. You’ve heard news reports and said to yourself “ I’m glad I am not obsessed with money like rest of country.” The question you should be pondering is “Why is our country obsessed with stock market?”The stock market represents bedrock of American society – capitalism. The stock Suppose an individual invested $1000 a year every year from 1925 to 2000 in companies that revolutionized 20th century – AT&T, Ford, General Motors –, their estate would have grown to more than $$69,559,828. (This assumes no additional deposits and an average rate of return of 12.70%) The average American enjoys enormous accumulation of wealth/capital/money via stock market. This wealth/capital/money has given them freedom; hence they are very concerned about upward and downward spiral of market. You are thinking “Freedom?! How can money bring freedom? We have freedom given to us by Constitution.” Yes, we have implied freedom, yet magnitude of freedom an individual or family enjoys can be directly related to their wealth ranking in society. This philosophy has been fundamental in America.
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