Wealth Within Your Reach

  I was a complete cryptocurrency  newbie when I got interested in investing in cryptocurrencies. Below are the steps I took to build my crypto currency portfolio: Before we get into it, a word of caution - it is  wise to remember that even as crypto usage becomes more wide spread, it can still be a very volatile investment. You must remember this fact as you create a balanced crypto portfolio, because unlike a traditional investment portfolio a crypto portfolio contains a single asset class that has a higher risk profile overall. Below we look at some pointers that will give you a jump start as you venture into the fast-paced and ever changing cryptocurrency world. 1. Understand Cryptocurrency Essential Principles Before considering investing in cryptocurrency, understand what is cryptocurrency, what are the different types and the basics of digital assets and blockchain technology. When entering into the crypto investing, the venture should be approached with a lon...

1. Start saving for kid's college as early as possible College savings accounts and plans, like a 529 plan (US) or RESP (Canada) help jump start children’s future education early so there is less of a financial burden years later. These plans also allow tax-free withdrawals when you take out money to pay for college. By getting started early, you can save a significant amount of tax savings. The power of compound returns can be so beneficial, so get started early on.  2. Review employer benefits, take advantage of all of it Many companies offer more than just retirement plans which will help save money and even invest to earn more. Do review the employer provided benefits thoroughly.  Employee Stock Purchase Plans (ESPP): An employee stock purchase plan (ESPP) is a program in which participating employees can purchase company stock at a discounted price. Employees contribute to the plan through  deductions which build up between the offering date and the purchase date. Em...