Classes, history classes, Foreign Language classes you can graduate with a deep understanding of quantum phys s physics. You can get a ph. D. In modern literature they teach that in school if you get enough education but you know the one thing they almost never teach in middle school or high school, to say nothing of college, Financial Literacy and im not talking about economics here you could be an econ major and still learn nothing about personal financial planning, retirement readiness, let alone how to invest your money wisely. Money is just not talked about its almost like a third rail of American Education youre a thousand times more likely to read doss capital. Marx is actually a pretty good economist, hes not going to show you how to balance a checkbook, let alone manage a portfolio of stocks. Financial literacy, the third rail thats why aisim on a Constant Mission to teach you how to manage your money so you can be a better investor. Think of this show as a continuing educatio
Only geometry and physics you know the one thing they almost never teach you in high school, let alone touch with a tenfootpole in College Financial literacy im not talking about economics here you can be an econ major and still learn nothing about personal Financial Planning or Retirement Readiness or even how to balance a darn checkbook, let alone how to invest your money wisely money is not talked about in education. Its like the third rail of the whole educational system and thats why im on a Constant Mission to teach you about every aspect of managing your money so you can become a better investor, both when it comes to retirement investing and playing around with what i call your discretionary mad money portfolio. Which is why i wrote get rich carefully to begin with. Even if you dont own individual stocks, you probably have some kind of exposure to the stock market a 401 k plan, which is why i want to take a moment to talk about retirement for those of you who have been living i
Absolutely the most important one, but still just one part of building real wealth. There are some people, call them the 1 if you will, who can make enough money from their ordinary daytoday income to become truly rich. What a great thing. But for the vast majority of americans, that paycheck is simply not enough. You need to augment it, work with it. If you keep watching, im going to tell you how to do that, not just for the next year or two years but the rest of your life. Now, usually i come in here and tell you what i think of the market, what themes are think are best, stocks that best fit those themes but the truth is before you even start investing in stocks, there are a lot of other things you have to do if you want the payoff from those investments to mean something lathe e later on in life when you most need the money. You may not want to hear this, but its fruitless to think you can get rich in stocks if you havent laid down a tune decontamination for building longterm wealt
Course, the uk down ever so slightly. 10year note yield hanging around what has been and continues to be that lets call it 1. 58 level. Crude oil down after a move up a bit over the last couple days. Although yeah, weve been around the 46 level for a little bit. Its been a level where when we get to 50, a lot of the Oil Producers sell a lot of futures and thats because they can thats a lot of debt payments. They sell futures and capture. Get back to 40. And then you see more cessation of rig count but rig count up 30 this year. Low base. But rig count, its very big since the oil took out the 50 level that one day. Im sure well get to more on oil and gas a bit later in the program. Our road map starts with the last trading day of august, thats today. Its been a flat month. Things could be ramping up in september. Apples 14. 5 billion tax bill from the European Commission is stirring up a lot of global concerns. Were going to take a look at what may be far reaching ripple effects and the
D what i ca your discretionary mad money pfile. Icis a big reasonhy i wrote get richarefully to begin with. Even if you dont own individual stksctly you probably ha some of exp t the ock maet. A 1 planhere you kepthe bulkf your retirement fun, which i want to take a moment to talk about retireme. For thos you living in a cave40k plan a e main merans se. Theyre offered byyour employeandyre ahere fe iesent vicles there, along with the i. R. A. Imlking out the individual requirement ccou. Wait for those of you whore about to flasleep or change t channel becahe whe id of savi foretiremtuts you to sleep, hea me out. Because you need toknow thi f. M going to tel you some things that u wot hear from e soalled perts. Is shois differe. At thipoint, itsetty mch become coonal wisdoth you have to invesn you 401 k . Th a idi would not contribute to a 401 k plan. You to max out your 401 k if you me engh money for tt to befeasible. The maximum coribution tds toe ingup over tie. 17,25, 1800 in 2015. T