Wednesday, December 01, 2021

How to receive monthly passive income for life? - In 1 Minute | Ewpple

Ewpple | Income For Life

Ewpple - Best wealth management strategy for all!

1. Save
Save 10% to 20% of your monthly income before spending.

2. Develop
Develop an ETF portfolio with a 7% to 9% return per year.

3. Invest
Invest the monthly savings into the ETF portfolio.

4. Withdraw
Withdraw by selling from the portfolio the needed amount.

5. Use
Use the proceeds for your intended needs like retirement or children's education, etc.

Thank you, and contact me if you need help with personal finance.

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Wednesday, November 24, 2021

3 Easy Steps To Grow Your Wealth! - In 1 Minute | Ewpple

Ewpple | Income For Life

Ewpple - What's the best way to build your wealth?

1. Design a wealth plan

For example,
• Goal - Retirement
• Savings period - 25 years
• Monthly savings - $552

2. Build a savings fund

Set aside the monthly savings before spending.
Buy the 3 ETFs portfolio with 7% to 9% annual growth.
Reinvest all dividends.

3. Monitor performance

Track monthly portfolio actual value vs. projected.
Increase the monthly amount if miss target.

Thank you, and contact me if you need help with personal finance.

Please read the disclaimer page here.

Wednesday, November 17, 2021

How to build savings funds? - In 1 Minute | Ewpple

 

Ewpple | Income For Life

Ewpple - Which ETF to use to create savings funds?

Use your monthly savings to buy these 3 ETFs.

Equity ETF
It tracks a specific stock index movement.
It's used mainly for capital gain and pays the lowest dividend.
Examples of Equity ETFs are SPY & QQQ.

REITs ETF
It uses a basket of listed REITs to track a REIT index.
It provides a higher dividend while still having a moderate capital gain.
Examples of REITs ETFs are VNQ & VNQI.

Bond ETF
Its portfolio mimics the corresponding bond index.
Investors used it for its' stability in price & dividend.
Examples of Bond ETFs are AGG & BND.

Thank you, and contact me if you need help with personal finance.

Please read the disclaimer page here.

Tuesday, November 09, 2021

What can you do with savings funds? - In 1 Minute | Ewpple

Ewpple | Income For Life

Ewpple - What are the 6 benefits of savings funds?

1. Emergency Funds
Emergencies like major illnesses or accidents often require a large sum of money.

2. Retirement
Long-term savings can build sufficient retirement funds.

3. Job Loss
Savings can cushion a sudden loss of income.

4. Holiday Getaway
Use savings instead of a loan to go on a dream vacation.

5. Reduce Debt
Savings can reduce the debt burden and avoid piling on liability.

6. House Purchase Downpayment
Downpayment cannot be borrowed from the bank. Use savings instead.

Thank you, and contact me if you need help with personal finance.

Please read the disclaimer page here.

Thursday, October 28, 2021

The 4 Pains Of Poor Financial Management - In 1 Minute | Ewpple

 

Ewpple | Income For Life

Ewpple - The four dire consequences of living without a financial plan.

1. Debt disaster
Poor financial management can lead you to overspend and incur substantial debt.

2. Insufficient retirement savings
You will need a saving plan to build enough retirement funds.

3. No money for unexpected events
Unexpected events can incur massive expenses. It will be a huge disaster if you don't have money for it.

4. Lacking children education funds
The university fee is increasing yearly due to inflation. Start saving early, let the education funds and your child grow together.

Thank you, and contact me if you need help with personal finance.

Please read the disclaimer page here.

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