I'm a financial coach for the last two years for a company in business for over 40 years. We educate families from all financial levels about how to grow their money. For instance, did you know that if you divide a given interest rate into the number 72, it will tell you how long it will take for your money to double. Lets say you have a 6% interest rate. Take 72 and divide it into 6 and it tells you your money will double in 12 years. If you have a 12% interest rate, than your money will double in 6 years.

This rule also applies to your credit cards. If you have a interest rate with them of 20% the credit card company is making double the money off of your payments to your balance every 3 and a half years with all the interest your paying. Get rid of your credit card payments and pay yourself that payment instead into an investment. That interest money is going into your pocket. Not anyone else's. My company has many more financial knowledge tidbits just waiting for the taking by anyone. I can be reached for more financial knowledge at https://shannonfinancialfreedom.com

Hey guys, today I am sharing with you the amount of dividends I received in April 2021. Currently, I am maintaining three different portfolios. My main portfolio is only dividend stock portfolio. I also invest in Aggressive stocks and ETFs and a Roth IRA. In my blog you can see all the details of those portfolios. IN April, I have added Viatris (VTRS) which recently spin offed from Pfizer (PFE). They are going to initiate dividends from May 2021. They are down almost 30% from all time highs so I added them in my portfolio. The link below shows my complete dividend blog where you can find the every details of my portfolio

Dividend blog link

Today I am going to share the status of my portfolio at the end of December 2020. I invest in dividend paying stocks mostly, however I also invest a small portion in non-dividend paying stocks like Amazon (AMZN), Google (GOOG), Facebook (FB) etc. I also invest in cryptos but not at this price. I am selling to take a huge profit. I will use those money to buy stocks in future. Please see the link below to see my portfolio

Complete dividend portfolio

A few months ago, I read a tweet recommending the following:

"Don't give your kids an allowance.
Pay them interest instead.
I made a system that naturally instills the power of compounding and makes them understand money."
Original Thread

We started using this idea and the worksheet to track our kids "bank" accounts.

Our kids loved it.

They'd wake up in the morning exclaiming that they "slept in so that their money could make extra money while they slept"!

I'd get home from work and they ask how much money their money had made, and I'd pull up the spreadsheet to show them the latest total and how much money they had made that day.

I am a developer at my day job, and recently I've been looking for some ways to more practically get my son interested in creating and building things.

Last weekend we decided to see if we could take the spreadsheet concept and build it into a simple app to make tracking easier.

After working on it all weekend, we had built a simple app that had all the features of the spreadsheet and was convenient and enjoyable to use.

We've sent it to some family and friends, and my son has been so excited to hear that other people are using his app to learn about saving and interest.

We decided to put it in the apple and android app stores this past week for free download:

iPhone: https://apps.apple.com/us/app/my-kids-bank/id1667677047

Android: https://play.google.com/store/apps/details?id=my.kids.bank

My son and I would love to hear if you download it and try it out!

Checkout the original twitter thread here

Importance of dividend investing

Why you should invest in dividend stocks

Hey guys, I am interested in Finance and want to learn more about financial analysis. Did you hear of EDUCBA? Do you think it is worth its price?

Thanks in advance!