Sunday's & Business

How to Maximize Your Income

June 16, 2024
minute read

Happy Sunday! Welcome back to SUNDAYS & BUSINESS. This week features Ben Blumenfeld Wealth Manager at Merrill Lynch with three easy-to-implement tips on How to Maximize Your Income.

Think about the future.

You built a business. Your income is growing. Now's the time to think about the future. Start saving so you can pay for your kids' weddings, support them, retire without stress, etc. Every dollar should have a purpose.

Put your money to work.

You've saved; invest in a way that'll get you to where you want to be based on each goal's risk tolerance and time horizon. Invest, diversify, then set and forget. Don't let the stock market news get to you.

The power of compound interest.

The smallest amounts add up over time. $200 invested monthly over 40 years at an average return of 10% will get you around $1,000,000! Start small. Build up your portfolio. You're in charge of every dollar you earn.

We hope you found this week’s episode insightful and helpful.

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Have a successful week ahead!