2019-04-27 16:41:00 Sat ET
trust perseverance resilience empathy compassion passion purpose vision mission life metaphors seamless integration critical success factors personal finance entrepreneur inspiration grit
Tony Robbins suggests that one has to be able to make money during sleep hours in order to reach financial freedom. Most of our jobs and life experiences train us to be consumers but not investors or owners. This memetic trend often leads to a persistent investment shortfall in America. As a recent BankRate survey suggests, only 40% of Americans are able to cover an unforeseen $1,000 expense with their deposits. Many Americans choose not to save enough for retirement.
A recent study by the Federal Reserve Bank of Saint Louis finds that only 27% of U.S. households have pension plans in place. In light of this key pervasive lack of financial discipline, Tony Robbins argues that the typical layman cannot expect to earn his or her way into a fortune. Robbins suggests that we need to make money while we sleep.
This personal finance tip sheds new light on the importance of both passive income and compound interest. For instance, if a 20-year-old adult invests $50 per week and compounds this interest income on an average 10% annual return, he or she will accumulate about $2 million at the conventional retirement age of 65. The long-term investment strategy wins throughout stock market fluctuations.
If any of our AYA Analytica financial health memos (FHM), blog posts, ebooks, newsletters, and notifications etc, or any other form of online content curation, involves potential copyright concerns, please feel free to contact us at service@ayafintech.network so that we can remove relevant content in response to any such request within a reasonable time frame.
2025-02-27 07:24:00 Thursday ET
Our AYA fun podcasts deep-dive into the current global trends, topics, and issues in macro finance, political economy, public policy, strategic management,
2023-12-07 07:22:00 Thursday ET
Economic policy incrementalism for better fiscal and monetary policy coordination Traditionally, fiscal and monetary policies were made incrementally. In
2017-07-01 08:40:00 Saturday ET
The Economist interviews President Donald Trump and spots the keyword *reciprocity* in many aspects of Trumponomics from trade and taxation to infrastructur
2019-06-29 17:30:00 Saturday ET
Nobel Laureate Joseph Stiglitz proposes the primary economic priorities in lieu of neoliberalism. Neoliberalism includes lower taxation, deregulation, socia
2019-09-03 14:29:00 Tuesday ET
Due to U.S. tariffs and other cloudy causes of economic policy uncertainty, Apple, Nintendo, and Samsung start to consider making tech products in Vietnam i
2018-06-21 10:42:00 Thursday ET
Harley Davidson plans to move its major production for European customers out of America due to European Union tariff retaliation. European Union retaliator