In the beginning of 2020, the world was going through unprecedented times and most people’s income and net worth were compromised. COVID-19 swept the globe for the first time and instantly investments that seemed safe, had their safety net cut beneath them.
Not only was this a global health crisis, but it was also a financial crisis. Along with widespread panic, people lost their jobs faster than the news could report. Worldwide, pictures circulated that showed people falling into the frenzy, like the infamous image of a man at a grocery store with two carts full of toilet paper.
The chaos made many realize the importance of financial principles that stand the test of time. There are a lot of strategies that may be good for a season because of a tax break or a law change, and this blog will highlight those, but it will also strive to focus on core values that can shape one’s financial future whether they make $20,000 or $2,000,000 a year.
With time, people learn principles that work to help get them through seasons like the one the world is currently in. An example that most know or have been taught is to “treat others how you want to be treated.” This is a good principle to live by whether you are 15 or 55. The goal of this blog is to reveal financial principles that work during good or bad times and keys that will help to keep out of life’s ditches if applied.
Financial Principles for Life will host articles and conversations that cover savings, investments, real estate, business creation, giving and tax saving strategies that can push us years ahead if applied to daily life. While all these subjects are great, they don’t mean a thing without discipline and contentment – this material is discussed and if applied will not only improve financial status but also overall life.
The goal is to help clearly see the basic things that set people on the path to financial freedom. There is so much nonsense in the market right now that can distract from quality investing. There are businesses that have never made a profit and lost 300 million in 2019 selling for a market value of 8 billion – this makes no sense, but people are throwing their money at these stocks like they are the next Amazon.
Interviews with CEO’s, millionaires, business owners, and investors will showcase the value they operate under and make them understandable. Tony Robbins says, “success leaves clues” and it’s one’s job to seek out those clues and make them a reality in their life.