Heres the answer youre probably here to find. Never invest through an insurance company. Especially if you're young and have a family depending on your income if something happens to you, you ABSOLUTELY have to have TERM life insurance (10x-20x your annual income, or $100k salary = $1M-2M in term life insurance). Get out of debt, and stay out of debt (credit cards, student loans, auto loans/leases, buy now pay later, etc) Always pay cash for cars, pay cash for everything except your own house, and pay that off as quickly as you can after you're consistently investing 15% of your salary into retirement accounts. If your company offers a 401k, start with the percentage of the 401k match, then max out your Roth IRA, then go back to you 401k if youre not to 15% yet: if you have your own company, start a solo 401k. Self-directed accounts are best, anywhere with no fees. Dollar-cost-average 15% of your income into the SP500 (SPY, VOO, etc) from the time you get your first job at 16 until you retire at 65, and you'll be a multimillionaire. You're welcome. Keep leasing your cars, spending on credit cards, financing everything, and "investing" through insurance companies, and you'll be broke. And guess what, it works the same for every person, regardless of the amount of their melanin.
@generalvanman82702 ай бұрын
Another thing... Universal healthcare , 2 year technical and trades degrees for free and a ban on renting single family homes
@generalvanman82702 ай бұрын
Professional sports and entertainment have helped closed the wealth gap for African Americans as a whole but all in the wealth gap needs to be closed as a whole... It's just rich and poor in our world and that's not fair, healthy, or sustainable unless you're looking for a mental health crisis, rampant homelessness , and individuals or small groups going on shooting sprees. The only solution is to propose a maximum wage then bring up everyone else to a minimum of 10x that for example GM CEO makes 28,000,000 year.... Realistically it should be 330,000 /year since auto workers only make roughly 33,000 year the other option is to increase the workers pay to 2.8 Mil a year.... That's fair