When most Americans received their $1,200 stimulus checks, the money went to alcohol, legal marijuana, and credit card payments. Those that had more liberties with their money spent the cash on health and wellness products. Brands like BrainMD, Numedica, and Terry Naturally got a significant boost. A few families tucked their money into savings for …
High-Interest Earning Investments for Risk-Takers
If you don’t mind having some risk in your life, stocks are always one of the best options for your money. By purchasing equity in a company, you can take advantage of its growth. When dividends come your way, that means your portfolio continues growing because you can keep reinvesting those earnings. The S&P 500 …
Investment Opportunities to Watch in 2021
After 2020 turned the investing year on its head, 2021 promises a potential glimpse at normalcy. You’ll still see some companies performing up to or beyond their expectations, such as Amazon and Apple. Some businesses will continue looking for ways to build equity, with names like Ford, Six Flags, and General Motors making that list. …
Should SMBs Keep a Lawyer on Retainer?
Although it can seem like a cost-saving measure to avoid hiring an attorney or keeping one on retainer, the benefits of this investment typically outweigh not having it. Having a retainer ensures that you can work out an advantageous legal strategy with your attorney. That effort increases the chance you’ll prevail during litigation. Your lawyer …
Why Do Currencies Differ Between Countries?
Each country has a unique currency with a specific value. It fluctuates based on trade, demand, productivity, and several additional factors. When you see the price of something in one country and compare it to another, you have a reasonable idea of knowing the differences in each culture. The exchange rate doesn’t tell the entire …
Follow These 4 Business Ethics Rules for More Financial Success
Some businesses don’t seem to have any morality infused into their infrastructure. They say, do, and create whatever is necessary to achieve profitability. When you look at companies like Volkswagen and Wells Fargo, it doesn’t take long to see that poor ethics might create short-term gains and long-term losses. If you want to achieve more …
How to Assess the Risk of Any Investment Opportunity
When was the last time you thought about your financial health? After 2020’s events, it is easy to put one’s health above any other decision-making need. You need to take care of yourself before you can accomplish goals or chase dreams. That’s why products from brands like Dr. Mercola and Bluebonnet saw surges of interest …
What Is the Best Way to Invest $50,000?
If you’ve got $50,000 burning a hole in your pocket right now, investing it seems to be the right choice to make. When you have that much cash available, how you proceed depends on your situation. Are you wealth-building, saving for retirement, or trying to get out of debt? It also helps to diversify your …
How to Disinfect the Money in Your Wallet
After the coronavirus began to spread across the United States, many people became hyper-aware of what germs might be lurking around them. One of the most notoriously dirty items that we regularly use is money. Many outlets and merchants requested consumers start using contactless payment methods to avoid cash interactions at the register. Since a …
What Is the Economic Outlook for 2021?
After the coronavirus lockdowns of 2020 that spared essential businesses only, global economies tumbled by 10% to 30% – and sometimes more. The U.S. experienced a 31.4% reduction in GDP from the year before. That information translates to an expected 4% GDP decrease worldwide. It’s one of the steepest declines on record. The Trump Administration …