Money. Cash. Capital. Funds. Finances. Moola. Currency. There are lots of different words used to define what makes our world go round. We spend money everyday to buy goods and services. We use money to invest in beautiful Belize, travel the world, support our families, and live a fulfilling life. But did you know there is an actual difference between money and currency? Before we get into the differences, let’s review a little history. For the last 3,000 years, money has existed in some shape or form. Before that time, a system of bartering existed, which is the direct trade…
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Are you tired of worrying if your data will be compromised? According to Security Magazine, Risk Based Security’s 2021 Data Breach Report revealed there were 1,767 publicly reported breaches in the first six months of 2021, which exposed a total of 18.8 billion records. Just last month, 50 million current and past T-Mobile customers had their personal records stolen by a 21-year-old hacker. As today’s technology evolves, the vulnerability and chances of our personal data falling into the wrong hands increases. A data breach can be intentional or accidental. It might involve the loss or theft of your Social Security…
Giving back has always been an integral part of who David Kafka is. That’s how the Broker/Owner of RE/MAX 1st Choice Belize and Founder/Director of Caribbean Capital Group LLC, wound up donating multiple firetrucks to his town – and brought his community together in the process. When his small town was left with no working fire trucks, the former firefighter (and RE/MAX Hall of Fame affiliate!) worked tirelessly to help. Read more about this incredible story by visiting the RE/MAX Website!
Have you ever considered investing, but you aren’t sure where to start? Maybe you’ve been told that you should save your money to invest in the next big idea, a large corporation, or the stock market. The most popular ways to invest in the financial world are through stocks, equities, and bonds. Many investors’ portfolios are exclusively composed of these types of financial assets. However, solely depending on investing in stocks or jumping into a currently popular investment craze is like throwing spaghetti at a wall and hoping that it sticks. Within the stock market, there isn’t a clear path…
What does it take to be in the top 1% in the US? According to the 2021 Knight Frank Wealth Report, roughly $4.4 million. While you might not have that kind of net worth, you can still take a page out of their book when it comes to making investment decisions. Here are a few key points to investing like the top 1%: Their portfolios are diversified. According to this article from Yahoo Finance, “In addition to holding 61 percent U.S. equities (stocks), the top one percent typically has 12 percent cash, 11 percent allocated to real estate, 6 percent…