profits – ROAD TO WEALTH!

If You Don’t Learn This, You Lose 66% Of The Time

June 4, 2022June 3, 2022 by Road-to-wealth, posted in FINANCE / MONEY

The vast majority of people only know how to buy shares and sell them when the price rises above the purchase price. However, the price in the market has 3 directions.

1. Climbs

2. Floats sideways

3. Drops

It means you only make money 33% of the time. You spend the other 66% waiting while the price goes nowhere or drops. Therefore, you must learn how to make money when one of the other options other than a price increase happens.

The market, in general, has been falling in recent months. So most people have seen their accounts plummet. But today, I’m going to show you how you can make money regardless of the price direction of your investments.

Be part of the disruption and get free stocks when you open a **Robinhood** account. Also, enjoy your fractional shares and commission **FREE**!

Using the strategy of catching dividends, I invested in Intel Corporation (INTC).

Intel company had an ex-dividend date of May 5, 22. Two days prior, I invested $4,540. I made a purchase of 100 shares for $45.40.

Once the purchase went through, I quickly sold an option expiring May 6, 22, for a credit of $38.

Since then, Intel’s price has dropped and remained below $45. Typically, people are left waiting for the price to recover, looking at their accounts stagnant for weeks or months.

On May 6, 22, as Intel’s price did not reach $46 or more, the option lost most of its value. So I did what is called a ‘roll.’

I bought that option for $3 and sold the option expiring May 13, 22, for a credit of $54, giving me a net income of $51.

Similarly, the price of Intel did not recover and remained below $45. Repeating the process, on May 13, 22, the option lost all its value again. I bought the option for $1 and sold the one expiring May 20, 22, for $26. For another $25 net credit.

On May 20, 22, the price still did not rise to $45 or more. Unfortunately, I couldn’t watch the market that day, so the option expired and died, losing its value.

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Starting the week of May 23, 22, I sold a new option expiring May 27, 22, for a $5 credit. Likewise, the price of Intel did not recover, so on May 27, 22, I bought the option for $1 and sold a new one expiring on June 3, 22, for $26, for another net credit of $25.

Since I held the shares on the ex-dividend date of May 5, 22, I received a cash payment of $36.50 via dividend on June 1, 22.

Arrived on June 3, 22, the price closed at $43.39, for which the option expired worthless. But, once again, I couldn’t watch the market on this day, so I didn’t do another roll-over.

For 1 whole month, the price of Intel has remained below the purchase price. However, I have generated a total of $184.50 in cash. Subtracting the $5 I have spent on option purchases, I have a net profit of $179.50 or a 4% for the month.

I still hold the 100 stocks on which I will continue to sell options at or above the purchase price.

With **Robinhood**, you can get cash dividends from well-known and established companies.

As you can see, a person with no knowledge of the market would be holding their shares and would have a loss on paper of $201 and nothing more. That person is possibly frustrated with the market because it hasn’t gone up. But we learn to make money in the market no matter how it goes; we make cash while we wait for the recovery.

I want to teach you these strategies and others for free. So I am working on a YouTube channel in which I will teach you everything I know through videos. The channel will be Investi for Spanish-speaking individuals and InvestCity for English-speaking people. We estimate its opening for the end of summer for Investi and early next year for InvestCity.

Stay tuned, and we will provide you with more information soon.

Now, begin your Road to Wealth!

Leave your comment below. If you liked it, pay it forward. Please share it on social media and help others become successful as well. Your success will be the result of two things: Knowledge and Action.

Follow me on TWITTER, PINTEREST, INSTAGRAM, LINKEDIN, and FACEBOOK for more posts and updates. You can also reach me here with any questions.

DISCLAIMER: Please read our disclosure policy here. This post contains affiliate links, and I earn from qualifying purchases at no cost to you. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Road-to-wealth.com and all individuals affiliated with this site assume no responsibilities for your trading and investment results. The indicators, strategies, columns, articles, and other features are for educational purposes only and should not be construed as investment advice. Information for any trading observations is obtained from sources believed to be reliable. Still, we do not warrant its completeness or accuracy or warrant any results from the use of the information. Your use of the trading observations is entirely at your own risk, and it is your sole responsibility to evaluate the information’s accuracy, completeness, and usefulness. You must assess the risk of any trade with your broker and make your own independent decisions regarding any securities mentioned herein.

How Do Dividends Work? Explained

January 2, 2022December 31, 2021 by Road-to-wealth, posted in FINANCE / MONEY

Companies that pay dividends more often do so in cash. It is a way of generating passive income. Yes, my dear readers, although cash dividends are the most popular and recognized type, there are other dividends besides cash.

These include dividends on stocks, bonds, property, and scrip (promissory notes). These are more likely to be used when acquisitions of other companies or in particular situations.

When companies pay cash dividends, they are sharing the company’s retained earnings with their investors. Cash payment will be deposited automatically in the accounts of each investor without requiring any action on their part. So if you invest in a company that pays dividends, you do not have to do anything to receive it. Your broker will do everything for you. You will have 2 options: receive the cash and use it as you think best, or activate what is known as (DRIP), a Dividend Reinvestment Plan that automatically buys you more shares in the company you are investing in.

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How do you know which one suits you?

Very simple, if you are retired, with a good pension check and a huge investment account, accept the dividend as cash and enjoy it while supplementing your passive income.

If you still work and have a small account that cannot live on those dividends, enable your DRIP and not touch it until you retire.

Important dates:

To know if you will receive the dividend or not, you have to understand the following dates.

– Declaration Date: this is the day when the board of directors sits down and decides to announce the amount that each investor will receive per share and the ex-dividend date. Please understand that this date is just an announcement of what will happen. You still do not have the right to receive the dividend.

For example, the local newspaper has a page announcing that they will give toys to the children present on Saturday. Just as the child must be present on Saturday to receive his toy, you will receive your dividend if you owned shares in the company on the announced day.

– Ex-Dividend Date: this is the most important date apart from the payment date. To receive the dividend, you have to own shares by this date. Therefore, anyone who wishes to receive the dividend must purchase their shares BEFORE this date. At least the day prior since this is the first day that the shares start trading without the right to receive the dividend. Every day the market opens, shares will go up and down in price, but this date is the one that separates the line from each other, whether you receive the dividend or not.

For example:

The directors of Apple (AAPL) announced on October 28, 2021, that they would pay a dividend of $0.22 per share. The ex-dividend date was November 5, 2021, payable on November 11, 2021.

Anyone who wanted to receive this dividend had to buy their shares BEFORE November 5, 2021. If you purchased on November 5, you would not be entitled to anything since the directors announced that this would be the ex-dividend day. In other words, everyone purchasing from this date forward would not be entitled to the dividend until a new announcement.

– Record Date: is the date on which you must be a shareholder to receive the dividend. It is usually one or two days after the ex-dividend date. We do not do anything with this date. It is not as important to us as for the directors since this is the list of shareholders that will appear to receive the dividend.

– Payment date: It is the day you will receive your money. This date varies between companies. It can be from 1 week to a month after the ex-dividend date. Ensure to verify the information so you don’t miss your payday.

Let’s practice:

Cisco Systems Inc (CSCO) announced a $0.15 per share dividend with an ex-dividend date of January 4, 2022, payable on January 21, 2022.

1. If you have 100 shares, how much will you receive in dividends?

2. When is the last day you can buy shares and receive dividends?

3. When will you receive your $15?

Bank of America (BAC) has gained over 200% in the last 5 years.

Summary:

1. You will receive $15 in dividends. Multiply the number of shares by the amount of the dividend paid (100 shares x 0.15 cents in this example).

2. January 3, 2022, is the last day to buy and receive the dividend.

3. You will receive your dividend on January 21, 2022.

It’s that simple, my friends. If you want to verify which companies will pay dividends on a specific day, visit this Nasdaq page. Now put this new knowledge to good use.

Now, begin your Road to Wealth!

Leave your comment below. If you liked it, pay it forward. Please share it on social media and help others become successful as well. Your success will be the result of two things: Knowledge and Action.

Follow me on TWITTER, PINTEREST, INSTAGRAM, LINKEDIN, FACEBOOK for more posts and updates. You can also reach me here with any questions.

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HOW TO IMPROVE YOUR FINANCES!

May 28, 2019October 14, 2019 by Road-to-wealth, posted in FINANCE / MONEY

“Life is too short to be living somebody else’s dream” – Hugh Hefner

DISCLAIMER: Links in this post may contain affiliate links. Honesty above all. Please read our disclosure policy here.

Did you know that destinations are made from small actions? It is true, and although the habit does not make the monk, those habits forge our future.

If you are surprised when looking at your finances because they are almost in intensive care, do not worry. We will talk about various habits that may be causing you an unnecessary exit of money; and how to solve it.

1. The habit that affects both men and women, Make shopping a therapy. There are many therapies that do not spend your hard-earned money. See if you can give an opportunity to some of the following: listening to music, cycling, playing sports, and even cursing the referees. All these things help you reduce stress and do not affect your pocket.

2. Bad vibes. Crying about money all the time, makes you attract bad energies which prevent you from getting what you really want. Need to be more positive. Start each morning saying “Things get better every day”, or something like that. The important thing is that with positive thoughts, you attract good vibes.

3. Do not finance yourself in pawnshops. Interest rates can reach 200%. It should not be an option. That’s it.

4. Eat out more than three times a week. There are very few people who travel for work all the time and those people usually get money to spend on food from their companies. They are not spending out of pocket. This means that eating out is more of a luxury than a necessity. Nothing wrong with going out on a weekend to eat with friends or family; doing it too often is the problem.

5. Do not pay the minimum on credit cards. Banks and businesses mail you the minimum payment, but it’s not to help you. While paying the minimum, it will take you longer to pay off the card which means that they will steal more money in interest each month. Don’t do it.

6. You save very little, and what you save, sits in a common bank account where you do not earn anything in interest but you do get charged for service fees.

You have three options:

A. Use an account that automatically invests your savings in the market and helps you generate more money. For example, Acorns. This is a very user-friendly platform, which helps you save and invest without requiring any time spent from you. It also helps you get cash back when you buy directly from the application in your favorite stores such as Groupon, Amazon, AT&T, Adidas, Bed Bath & Beyond, Xfinity, Dell, ESPN+, eBay, Forever 21, GNC, Kay Jewelers, and about 300 other businesses.

B. Open an account with Robinhood which is an investment platform with a commission FREE policy. Also, get a free stock when you open your account. It’s great since you are already in profits as soon as the stock moves one cent in your direction. Take into consideration that it will consume more time since you have to transfer the money and decide on the companies that you will invest.

C. Open an account with an online bank that can pay you an interest of 2% or more. These online banks are better than common banks with buildings and employees because by not having to pay rent or wages, they can pay up higher interest to you. Mine is MySavingsDirect which pays me a 2.37%.

I hope it helps! Leave your comment below.

Remember, it’s all about the road to wealth. If you liked it, pay it forward. Don’t forget to share it on social media and help others become successful as well. There is plenty of room for all of us. In the end, your success will only depend on you and not what others do.

Follow me on TWITTER, PINTEREST, INSTAGRAM, LINKEDIN, FACEBOOK for more posts and updates.

If you have any questions, you can reach me at questions@road-to-wealth.com

HOW TO BUILD AN EASY, S.M.A.R.T. BUDGET

April 13, 2019October 14, 2019 by Road-to-wealth, posted in FINANCE / MONEY

“Don’t underestimate the power of consistency and desire” – Unknown.

DISCLAIMER: Links in this post may contain affiliate links. Honesty above all. Please read our disclosure policy here.

My friends! We have a simple goal here, and the goal is to become rich, not just look rich. So, how do we get there? Well, you have to put your money to work for you. In order to do that, you need to ensure that every single cent that you receive as income has a job to do.

But Joey, what does that mean? It means that you have to prepare a plan, follow that plan and tweak it as necessary. If you still don’t understand or don’t know how to budget, don’t be ashamed. You are not alone!

What I learned from wealthy friends is, they know how much they will make, they know how much has to go towards paying the bills. They also know how much they want to save and invest. Finally, they know how much they will have for fun. Yes, when you prepare your budget, ensure to account for some fun and entertainment too.

Let’s begin with the basics. Before we draw our map, we need to understand what we are doing. We will definitely not learn this on Instagram or Twitter. You have several options. If you know Excel, you can do this a lot quicker than most since the formulas will help you automate the results. If you are not tech-savvy, then you can write it on paper and will probably need a calculator to plug in the numbers and results.

What is a S.M.A.R.T. budget? It is an easy acronym that helps you remember what is important when you are planning and preparing your budget.

Specific – you need to be specific with your financial goal and know what do you want to do with your money. That includes the short term (buying something now) and long term (plans for retirement).

Measurable – as you go, you want to see your progress. That is how you will know if you need to step it up or just keep going with the flow. It will also help you see if you overspent or underspent and where.

Achievable – In order for your budget to be successful, it needs to be achievable. If necessary, you can examine your budget at the end of the month to compare your projected numbers against your actual numbers. Make adjustments as you go and if necessary.

Realistic – you need to be honest. For example, you plan to spend $20 eating out at your favorite restaurants but you know you like to order Dominos, take friends or family to Burger King and pay for them, and end up at the Chinese buffet to end the week. Know your tendencies and patterns.

Time-oriented – In order to achieve your financial goals and meet your timeline, you need to break down the big goals into small steps that will gradually take you to where you want to be.

Now that you have a better understanding of what a SMART budget is, know that making your budget is just the first step. You need to keep planning. Discipline and perseverance will help you sustain it and improve it.

Few tricks to making a budget that works are:

* Ensure every penny of your income has a job to do. If you don’t account for every cent you make and don’t give it a job before you even receive it, that penny will find a place to land and most likely will not be where you want.

* Do not charge your credit cards more than you can afford. A big problem is that many of us use our credit cards when we already used up all of our cash. But we are wrong. The right way to use a credit card is having the funds available in your account. That way it won’t hurt you when it’s time to pay off your card. A rule you can use is the rule of 7. When you are tempted to buy something, wait 7 days. Then ask yourself again if you still want it. More than likely you won’t.

* Review your budget several times for adjustments. You want to have this budget ready before you get paid. Do not wait until you start paying your bills, or your money will have control over you instead of the other way around. It is essential that you sit down, review your budget and make adjustments. Stay on top of your game. The great MLB hitters are the ones that prepare for the pitcher they will face. They don’t wait until the pitcher is on the mount to ask for a scouting report.

* Know how much money you have at all times. Staying with the MLB analogy, life is great at throwing us curve balls. We need to know what we have in order to prepare for the unexpected things that happen every month.

* Always track your spending. Your rent, car loan, and some other bills rarely change. We know we won’t overspend there. But dining out, buying groceries, buying on vending machines at school or work can throw us off. By the way, get cashback and great offers in groceries with Ibotta. Just register for free and see how much you will save each month.

Without further ado, let’s see how a budget should look like. At the beginning of the month, we use projected numbers but at the end of the month we use actual numbers to know what adjustments are needed.

Let’s begin with:

Projected income:

All of your income, paycheck, wages or whatever and add any extra income you make, like answering surveys online, washing cars, paint houses, cut grass, etc.

Projected Housing expenses:

Mortgage / Rent, Phone, Electricity, Gas, Water and sewer, cable/internet, waste removal, maintenance or repairs, supplies, other

Projected Loans:

Personal loans, student loans, credit cards, etc.

Projected transportation expenses:

Vehicle payment, insurance, gas, maintenance, other.

Projected savings:

Savings will vary by individual needs. You can use a percentage of your income. If you choose that option, then do this step first before anything. Another option is to use a specific amount. Option three is taking an amount from what is left after paying all bills.

Projected entertainment:

Movies, concerts, sporting events, other.

Projected balance:

This is what you projected as your income and subtract all the expenses and savings. Ensure this number is positive. This is the amount that you will have left for your personal use or whatever you decide to spend it on.

Tools used to aid with budgeting:

Acorns – automated savings, investing and cashback rewards, rolled into one. Just $1 monthly fee. (full report)

Credit Sesame – raise your credit score and follow their tips. You will be able to get lower rates in future loans, hence pay less and save money. (full report)

Fundrise – easiest way to save and grow your money while becoming a landlord without the hassle. The best part is you can start with only $500. (full report)

Gabi – is a service that will help you find the lowest price you can find for your car insurance. I saved $936 when I switched. And it took me no more than 10 minutes. (full report)

Ibotta – Save on groceries, get offers and rewards every week. Bonuses and cashback. (full report)

Inboxdollars – watch videos, answer surveys, search the web, get paid, transfer to your paypal account. I use it for extra income (full report)

Lucktastic – extra income, scratch digital lottery tickets, join different contests to win free groceries, free gas, or cash. (full report)

Swagbucks – extra income, get paid to watch videos, search the web, answer surveys and much, much more. (full report)

LendingClub – is my number one (#1) choice to save, and grow your money substantially. But, it is restricted to the United States and some states can’t invest either. Cross your fingers your state is in and not out. Also, you will need some money saved to begin. In order to get all the bonuses, you need to begin with $5,000. If you don’t want the bonuses, it is recommended you begin with half of that. (full report)

Paribus – will verify your emails, keep track of the price you paid for items and get your money back when the item’s price drops. Also, can get you compensated when your shipment is late. Everything while you sleep or go about your day. (full report)

Robinhood – my number one platform for trading. Commission-free and simple. Plus get a free stock like Amazon or Coca Cola when you sign up. (full report)

S’more – easy extra income, download to your phone, get paid every morning when you unlock your phone. Get extra points when you watch videos or complete surveys. Redeem prices. (full report)

Sweatcoin – more extra income, download to your phone, get paid to walk outside your house or building. The idea is to give incentives to individuals while helping them to get or stay in shape. (full report)

Truebill – save on monthly bills and stop overpaying for them too. This app will search for refunds and it will also negotiate on your behalf to get better deals. (full report)

Wish.com – Is my favorite site to buy items coming from China, cutting the middle man out of the picture. Cheaper than eBay, Amazon, Walmart, you name it. Use code: PJXXZYH (full report)

I will leave you with a picture so you know what it needs to look like. At the beginning of the month is going to be projected, but ensure that you keep track of your numbers throughout the month and do it again at the end of the month with your actual numbers. That is how you know, what type of adjustments you have to make. Also, modify it as necessary. Everyone’s circumstances are different.

I hope it helps! Leave your comment below.

Follow me on TWITTER, PINTEREST, INSTAGRAM, LINKEDIN, FACEBOOK for more posts and updates.

If you have any questions, you can reach me at questions@road-to-wealth.com

EARN 3-8% ON YOUR MONEY PLUS A BUSINESS IDEA

February 15, 2019January 19, 2020 by Road-to-wealth, posted in FINANCE / MONEY

“All big things have small beginnings” IG @Inspyire

DISCLAIMER: Please read our disclosure policy here. Links in this post may contain affiliate links and as an Amazon Associate, I earn from qualifying purchases..

We all have goals in life. My goal is to create wealth that will last for generations. So, I decided to take the matter in my own hands because no one will do it for me.

I’m learning tricks and techniques from the wealthy, and it makes so much sense now. They don’t work for money, they are looking to acquire assets that will give them a stream of income whether they work or not.

One of the oldest ways to earn passive income is lending out money. Just like the banks. Banks give out your hard earned money in loans, they collect monthly payments (interest) and they have no risk since it is not their own money anyways. You see how well they do, don’t you?

How do you become the bank you say? Through LendingClub.

LEND LENDING MONEY INVEST INTEREST NOTES BORROW LOANS

This is how it works. You rent out your money to other people, and the rent you charge is the interest rate. Which will vary depending on how conservative or aggressive you want to be. But now you are the one getting paid! Not the bank.

Instead of having your money sit at a normal bank account and pay more in fees than what you get in interest every year; you collect a diversity of interest.

So, now thanks to technology, you can spread out your risk by lending only $25 to each note. That means if for some odd reason the borrower can’t payback, you only lose $25. Again, the probabilities are on your side.

Let’s get a little bit deeper now. Let’s say a borrower needs a $25,000 loan.

He or she borrows $25 from 1,000 people; instead of going to just one entity (like a bank or rich person), for the full $25,000 which would be very risky to that one entity.

As you can see, this scenario presents much less risk because the most you could lose is $25.

As you can see, I don’t only write about these opportunities, I’m also invested and can prove it works. I put my money where my mouth is. No empty words here.

Just 15 years ago, this was impossible, but thanks to the internet and it’s wonders, it is very possible in this day and date. The peer-to-peer lending industry, as it’s known, is thriving for borrowers and investors alike.

Note: Currently only residents of the following states may invest in LendingClub notes and it may change in the future as contracts expire: AL, AR, AZ, CA, CO, CT, DC, DE, FL, GA, HI, IA, ID, IL, IN, KS, KY, LA, MA, MD, ME, MI, MN, MO, MS, MT, ND, NE, NH, NJ, NV, NY, OK, OR, RI, SC, SD, TN, TX, UT, VA, VT, WA, WI, WV, or WY.

Bonus: Business Idea

Disclaimer: This is not my idea. I saw the idea on Pinterest and I’m sharing it with the hope of helping others that might have this talent and would like to make some extra money.

Are you good at sports?

If you are, choose the sport that you are good at and buy the equipment required to train. Depending on the sport let’s say it will be a front investment of $300. You will need to advertise to the students at local schools near you.

Do a 2-hour class with 20 students at $10 per student. We are looking at $400 per day. With 261 working days on average per year, that translates to $104,400 extra per year.

Begin your Road to Wealth!

Leave your comment below. If you liked it, pay it forward. Share it on social media and help others become successful as well. Your success will be the result of two things: Knowledge and Action.

Follow me on TWITTER, PINTEREST, INSTAGRAM, LINKEDIN, FACEBOOK for more posts and updates.

If you have any questions, you can reach me at questions@road-to-wealth.com