Back in the day, when I was on the job, my goal was to put in my 25 years in the fire service and retire as a Firefighter/ Engineer and collect a pension. Just like many Americans were looking forward to retirement. It would be a time to reflect on their hard work and a life well-lived, while they relaxed and sailed off into the sunset. Sound familiar? Maybe you had retirement dreams years ago to explore tropical paradise (psst…Belize is always a good idea), spend more time with your future grandchildren or buy that beautiful piece of real estate…
#cryptocurrency
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…
After the economic recession in 2009, Bitcoin attracted investors who were curious about the possibilities with cryptocurrency and the fact that this emerging asset was comparable to precious metals. Flashforward to current times with the Covid-19 pandemic, and many of us learned the importance of savings and investments. People were disgusted with Wall Street’s manipulation and tired of gambling their money away into the stock market (the disasters of GameStop and AMC come to mind). Real assets seemed more appealing as the days passed, and investors continued to branch out to options that were considered safer, including: > Real estate…
As the coronavirus pandemic continues, it’s clear that the global economy has been severely impacted, and the prices of goods and services will continue to rise. Electronics, groceries, gas, furniture, and…nearly everything is becoming more expensive as the days pass. My favorite BBQ place in San Pedro went from $10 BZD for a plate of BBQ to $12 BZD. Hand sanitizer, Lysol spray, Clorox wipes, and so many other items are all more expensive. But why is that? Inflation. Inflation. Inflation! The U.S. Federal Reserve has created funds by printing money and injecting it into the economy through unemployment and…
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…