Saving for Retirement I must emphasize the importance of contributing to retirement plans, noting. The average American worker saves only 6% of their pay despite being allowed to save up to 15%. I suggest starting small, perhaps with just 1% of your income, and gradually increasing it as you adjust. If saving immediately isn’t possible and allocating half of any future raises to retirement savings. Even modest, consistent contributions can compound over time, building substantial wealth.

Financial Challenges for State and Local Government Workers State and local government workers are facing fiscal crises that could threaten their pensions. Those eligible for pensions to consider early retirement to secure their benefits, as it’s less likely for politicians to reduce payments for current retirees. Consult a financial advisor to assess the risk of pension reductions and explore options like “double-dipping,” where retirees work elsewhere while collecting pension income.

Economic Decline and Long-Term Financial Planning Concerns about economic decline often lead to anxiety. The importance of focusing on long-term trends rather than short-term volatility. Diversifying investments across different asset classes to spread risk and capitalize on market growth over time. A forward-thinking investment strategy helps shield against economic downturns and positions investors for future recovery.

Real Estate Investment Risks When a caller named Gary asked about buying a condo in Florida using funds borrowed from his 403(b) retirement account, I cautioned against it. Investing in real estate far from home can be risky, especially in regions still recovering from market bubbles. I also warned against borrowing from retirement accounts, as this can deplete long-term savings and create vulnerability if employment is lost. Acknowledging Gary’s real estate experience but urged careful consideration of the risks involved.

Federal Budget Deficit and Debt Crisis David Walker, former Comptroller General of the United States, joined the conversation to discuss the growing federal budget deficit and national debt. He warned that without corrective action, a debt crisis could occur within the next three to five years. Walker advocated for structural reforms, including spending caps, debt-to-GDP targets, and budget controls like “pay-as-you-go” rules to stabilize the economy and avoid global economic fallout.

Encouraging Financial Literacy Among Children Financial education isn’t just for adults—the importance of teaching children about money management. Most parents are more comfortable discussing drugs or sex than money, even though financial literacy is critical for future success. There are resources like jumpstart.org for tools and information to teach kids about saving, budgeting, and investing.

David Walker’s Potential Political Career In a lighter moment, Ric asked David Walker if he planned to run for political office, given his expertise in fiscal policy. Walker shared that although many had encouraged him to run for Senate in Connecticut, he had no immediate plans but did not rule it out for the future.

All information provided is for educational purposes only and does not constitute investment, legal or tax advice; an offer to buy or sell any security or insurance product; or an endorsement of any third party or such third party’s views. The information contained herein has been obtained from sources we believe to be reliable but is not guaranteed as to its accuracy or completeness. Whenever there are hyperlinks to third-party content, this information is intended to provide additional perspective and should not be construed as an endorsement of any services, products, guidance, individuals or points of view outside Edelman Financial Engines. All examples are hypothetical and for illustrative purposes only. Please contact us for more complete information based on your personal circumstances and to obtain personal individual investment advice.

Neither Edelman Financial Engines nor its affiliates offer tax or legal advice. Interested parties are strongly encouraged to seek advice from qualified tax and/or legal experts regarding the best options for your particular circumstances.

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Assets vs. Liabilities: My Financial Wake-Up Call

Here’s how I break it down: assets put money into my pocket. Liabilities take money out. That means things like dividend-paying ETFs, rental properties, and stocks are assets—they generate income for me on a regular basis. On the flip side, luxury cars, designer clothes, and expensive vacations? They’re liabilities. They might make me look rich, but they drain my wallet.

Early on, I was guilty of chasing that “rich” lifestyle—buying things to impress others. But it wasn’t sustainable, and it certainly wasn’t helping me build wealth. Now, I focus on buying assets first and letting those assets eventually fund my lifestyle. That’s how real wealth is built.

Active vs. Passive Investing: Choosing My Lane

Over time, I’ve learned that not all investing is created equal. Some people thrive with active investing—digging into individual stocks, flipping houses, or running businesses. It takes time, effort, and a high tolerance for risk, but the potential rewards can be big.

For me, I’ve leaned more into passive investing. I prefer putting my money into low-maintenance investments like index funds, ETFs, or even real estate syndicates. These “set it and forget it” strategies don’t require me to constantly watch the market, and they still provide solid returns over time.

How I Get Paid from My Investments

There are two ways I get paid: cash flow and appreciation. Cash flow is that sweet, regular income I get from dividends or rental properties. It’s money I can actually use without selling the asset. Appreciation, on the other hand, comes from buying something and waiting for it to go up in value—like when a stock or home increases in price.

I like to combine both strategies. I hold dividend-paying ETFs that pay me quarterly, and I have long-term investments that I’m confident will grow in value. That balance gives me steady income and long-term growth.

Picking the Right Strategy for Me

I’ve realized that choosing the right investment strategy is personal. It depends on how much time I want to spend, my comfort with risk, and how involved I want to be. For example, if I have $100 and not much time, I can throw it into a low-cost ETF and automate monthly contributions. If I have more capital and time, I might explore real estate or private business deals.

The key for me has been to start small, learn as I go, and diversify over time. I didn’t try to master everything at once.

Making My Investments Work Automatically

One of the smartest things I ever did was automate my investing. I use platforms like M1 Finance to make regular contributions through dollar-cost averaging. That way, I invest consistently whether the market is up or down, and I don’t get stuck trying to time anything.

If you’re more into active investing, that’s fine too—but do your homework. I’ve learned to research financial statements, understand economic trends, and study the locations of any properties I’m considering. Real estate especially requires knowing where people are moving and why.

I Never Stop Learning

If there’s one habit that’s accelerated my financial growth, it’s financial education. I read books, take courses, and follow people who know more than I do. Every time I level up my knowledge, my investing gets smarter—and more profitable.

Education isn’t optional in this game. It’s the edge that helps me make better decisions and avoid costly mistakes.

My Goal: Financial Freedom, Not Just Looking Rich

At the end of the day, everything I do financially comes down to this: I want my investments to generate enough income to cover my lifestyle. That’s what financial independence means to me—freedom from needing a paycheck, freedom to live on my own terms.

To get there, I diversify. I’ve got money in the stock market, real estate, and some alternative investments. I don’t chase trends—I focus on building income streams that can weather any storm.

And most importantly, I’m in it for the long haul. I know that consistent investing over time will get me where I want to go.

Jaspreet Singh is not a licensed financial advisor. He is a licensed attorney, but he is not providing you with legal advice in this article. This article, the topics discussed, and ideas presented are Jaspreet’s opinions and presented for entertainment purposes only. The information presented should not be construed as financial or legal advice. Always do your own due diligence.

The post How I’m Building Wealth by Focusing on Assets, Not Liabilities appeared first on ROI TV.

Why It’s Time to Aim Higher

Most retirees don’t have millions saved. In fact, only 3.2% of retirees have $1 million in investable assets, and a tiny 0.1% have $5 million. But here’s the kicker—those who’ve reached millionaire status often followed simple, consistent strategies. This isn’t about luck. It’s about commitment, planning, and using the tools available to you.

The Power of Partnership and Planning

One of the most overlooked success factors? Partnership. A whopping 86% of millionaires are married, and they often attribute part of their financial success to having a partner who shares the same money mindset. It’s not about finding a rich spouse—it’s about teaming up with someone who’s equally invested in your future.

Employer-Sponsored Plans Are a Game-Changer

Here’s where the numbers really add up. 80% of millionaires cite their 401(k) as the #1 driver of their wealth. Why? Because it combines three magic ingredients: automatic saving, tax advantages, and free money from employer matches.

Let me break it down:
If you earn $80,000 per year and contribute 10% of your income with a 3% employer match, over 40 years that could grow to around $1.3 million. Without that match? You’d be closer to $670,000. That’s nearly double the growth just by taking full advantage of your employer’s plan.

How Much Should You Save?

The data tells us that the average millionaire saves about 23% of their income. That might sound steep, but most financial pros recommend at least 15–20%—and that can include your employer match. The average 401(k) contribution rate rose from 8.8% in 2019 to 14.1% in 2024, so people are already on the right track.

Let’s say you earn $100,000 and save 20% annually (including employer match). Over 40 years, that could grow to $6.5 million, thanks to compounding interest.

The Secret Is Time and Consistency

Wealth-building isn’t about overnight success—it’s about consistent progress over decades. 80% of millionaires reach that milestone around age 50, and it takes them an average of 32 years to get there. Like building muscle at the gym, those early “reps” are the hardest—but they set the foundation for big gains later.

Compounding accelerates over time. For example, a portfolio that reaches $4.3 million in year 35 can grow to $6.5 million just five years later, without increasing your contribution. That’s the power of long-term investing.

Final Thoughts: No Gimmicks, Just Good Habits

There are no magic tricks here. You don’t need to win the lottery or invent the next big thing. You just need to save consistently, invest wisely, maximize your benefits, and ideally, build your life with someone on the same path. Wealth-building is a marathon—not a sprint—and every step you take today sets you up for freedom tomorrow.

So what are your goals? Drop them in the comments. Let’s learn from each other and build financial freedom together.

All writings are for educational and entertainment purposes only and does not provide investment or financial advice of any kind.

The post How to Build a Multimillion-Dollar Retirement Portfolio appeared first on ROI TV.

I’ve learned that the key to surviving and thriving during market crashes is having a strategy in place. Without one, it’s too easy to get caught up in fear and make emotional investment decisions. That’s why I follow two core investment strategies—passive and active—which help me take advantage of the market instead of falling victim to it.

1. The Importance of a Financial Strategy

One of the biggest mistakes investors make is going into the market without a plan. It’s easy to follow random internet advice or react emotionally when stocks take a hit, but that’s a fast track to losing money. I focus on having a clear financial strategy that keeps me grounded and prevents me from making costly mistakes.

There are two approaches I use:

• Passive Investing: I follow the ABB (Always Be Buying) strategy, which means I invest consistently no matter what’s happening in the market.
• Active Investing: I apply the POOP (Panic leads to Overselling leads to Opportunity leads to Profit) strategy, which helps me find undervalued assets when markets crash.

2. My Passive Investing Strategy: ABB (Always Be Buying)

If you want long-term wealth without stressing over market fluctuations, this is the strategy I recommend.

What is ABB?

• I invest in the stock market consistently, no matter what’s happening.
• I automate my investments weekly or monthly into broad-market funds like the S&P 500 (SPY) or Total Market ETFs (VTI).
• I ignore short-term volatility and let my investments grow over time.

Why ABB Works

The stock market historically rises over time, even after major crashes. By investing consistently, I naturally buy more shares when prices are low and fewer when prices are high. This keeps me from trying (and failing) to time the market.

If you’re a passive investor like me, the best move during a crash is simple: keep buying.

3. My Active Investing Strategy: POOP (Panic → Overselling → Opportunity → Profit)

For those who want to take a more hands-on approach, here’s how I actively invest during market downturns.

What is POOP?

• Panic selling happens – People dump stocks out of fear.
• Overselling creates opportunities – Great companies get dragged down with the rest of the market.
• Opportunity arises – I look for fundamentally strong stocks that are now undervalued.
• Profit comes later – As the market recovers, these investments skyrocket in value.

Example: In March 2020, stocks like Amazon, Tesla, and Apple tanked due to the pandemic. While others sold in fear, I saw an opportunity to buy at a discount. A year later, those stocks had bounced back and delivered massive returns.

If you want to follow this strategy, the key is to analyze investments carefully before buying.

4. How I Analyze Investments Before Buying

Just because a stock is cheap doesn’t mean it’s a good buy. Before I invest, I always check:

• The CEO & Management – Is the leadership strong?
• Financial Statements – Are profits growing or shrinking?
• Earnings Reports – How has the company performed over time?
• Valuation – Is the stock overvalued or undervalued compared to historical trends?

I focus on high-quality companies that are temporarily undervalued rather than chasing anything that looks “cheap.”

5. Why Long-Term Investing Wins Every Time

No matter how I invest—passively or actively—I always think long-term.

Why?

• The S&P 500 has averaged 10% annual returns for decades.
• Even after recessions, the market always rebounds to new highs.
• The biggest gains go to those who hold steady instead of panic-selling.

Personally, I invest every single week, whether the market is up or down. I also increase my investments during downturns to take advantage of lower prices.

This strategy has allowed me to build wealth while avoiding emotional decisions.

6. Investing in Financial Education is My Best Investment

Jaspreet Singh says, “Your best investment is in yourself.” I 100% agree.

The more financial knowledge I gain, the better my investment decisions become. That’s why I:

• Read books on investing and money management.
• Follow trusted financial news sources (like Market Briefs).
• Watch finance videos to learn from experts.

If you want to build wealth and invest wisely, learning about finance is just as important as investing itself.

Final Thoughts: How to Succeed in Market Downturns

• Market crashes aren’t the end of the world—they’re an opportunity.
• If you’re a passive investor, stick to ABB (Always Be Buying).
• If you’re an active investor, look for POOP (Panic → Overselling → Opportunity → Profit).
• Don’t let emotions drive your investing decisions.
• The market always recovers, and long-term investors always win.

I follow these strategies because they help me build wealth while keeping my emotions in check. If you want to navigate market downturns successfully, I highly recommend finding an approach that fits your personality and risk tolerance.

Now, go out there and invest with confidence!

Jaspreet Singh is not a licensed financial advisor. He is a licensed attorney, but he is not providing you with legal advice in this article. This article, the topics discussed, and ideas presented are Jaspreet’s opinions and presented for entertainment purposes only. The information presented should not be construed as financial or legal advice. Always do your own due diligence.

The post How to Invest During a Market Downturn appeared first on ROI TV.

If you’ve ever wondered why some people seem to thrive financially while others struggle, it often comes down to these fundamental wealth-building principles.

1. Shift Your Money Mindset

Before you can build wealth, you need to think like the wealthy. Jaspreet emphasizes four key mindset shifts:

Believe that wealth is possible – Anyone can build wealth with the right habits.
View money as a tool – It’s not about hoarding cash, but using it to grow your wealth.
Understand that money is abundant – There is more than enough opportunity for financial success.
Accept the responsibility to succeed – You must take ownership of your financial future.

Wealth isn’t about spending on Gucci bags or luxury cars—it’s about investing in income-generating assets that set you up for the future.

2. Cash Is King, but Cash Flow Is Queen

Jaspreet stresses that while having cash is important, it’s cash flow that truly builds wealth. Instead of just saving money, invest in assets that generate consistent cash flow, like:

• Real estate rentals
• Dividend-producing stocks
• Business investments

He shares his personal experience of investing for cash flow since 2011, proving how long-term strategies generate lasting wealth.

3. Study Trends, Not Emotions

One of the biggest mistakes investors make is chasing hype. Whether it’s meme stocks, crypto, or overpriced assets, emotional investing often leads to losses.

Instead, study long-term trends:
Where is money flowing?
What industries are growing?
What businesses are thriving?

To help investors make informed decisions, Jaspreet created Market Briefs, a free financial newsletter that delivers unbiased financial news.

4. Debt Is Spending Future Income

Jaspreet warns against using debt to maintain a lifestyle or buy luxury items.

Credit cards and 0% APR offers sound great, but they trap people in high-interest payments.
Car loans for brand-new vehicles drain your income for years.

Instead, save up and buy what you can afford—this way, your money works for you, not against you.

5. Grow the Pot Instead of Squeezing Pennies

Yes, saving money is important. But focusing only on cutting expenses isn’t enough—you need to increase your income.

Instead of just clipping coupons, ask yourself:

How can I make more money?
Can I take on a side hustle or start a business?
What investments can help me grow my wealth?

Example: If a real estate agent sells your property for a higher price when given an incentive, you earn more instead of just saving a few dollars.

6. Value Over Price

Jaspreet learned a tough lesson when he hired a cheap accountant who cost him more in mistakes than he saved.

Sometimes, going cheap is the most expensive decision. Whether it’s legal services, financial advice, or home repairs, paying for quality often saves more money in the long run.

7. Use the 75/15/10 Plan

To build wealth efficiently, Jaspreet follows this simple rule:

75% of income for expenses (rent, food, daily life)
15% invested (stocks, real estate, business)
10% saved (emergency fund, future goals)

The key? Live within your means while steadily growing your investments.

8. Time Is Your Best Investment Ally

One of the most powerful wealth-building tools is time. The earlier you start, the more your money compounds.

Example:

• Investing $500/month for 25 years = $750,000
• Adding just 5 more years = $1.25 million
• Warren Buffett didn’t become a billionaire until his 60s, proving the power of long-term investing.

9. Don’t Let Salespeople Make Your Financial Decisions

Many financial professionals—insurance agents, mortgage lenders, and car dealers—are salespeople first.

Their goal: Sell you more products.
Your goal: Make smart financial choices based on knowledge.

Educate yourself on:
Investments (stocks, real estate, ETFs)
Loan terms (mortgages, credit, interest rates)
Retirement planning (401(k)s, Roth IRAs)

The more you know, the less likely you’ll fall for bad financial advice.

10. Wealth Alone Won’t Solve Everything

Yes, money reduces financial stress, but it won’t fix everything.

Jaspreet emphasizes that wealth must be balanced with:
Physical health – Exercise and nutrition matter.
Mental well-being – Stress and burnout can impact success.
Spiritual growth – Finding purpose beyond money.

Financial success is just one part of a fulfilling life—don’t neglect the other aspects of well-being.

Final Thoughts: Wealth Is Built Over Time

Building wealth isn’t about luck—it’s about consistent habits, smart investments, and long-term thinking.

Shift your mindset and believe wealth is possible.
Invest in cash flow, not just cash.
Avoid debt and financial traps.
Focus on long-term growth over quick wins.

By following these 10 wealth laws, anyone—no matter where they start—can build a strong financial future.

Jaspreet Singh is not a licensed financial advisor. He is a licensed attorney, but he is not providing you with legal advice in this article. This article, the topics discussed, and ideas presented are Jaspreet’s opinions and presented for entertainment purposes only. The information presented should not be construed as financial or legal advice. Always do your own due diligence.

The post 10 Laws To Live A Wealthy Life appeared first on ROI TV.

The stock market is experiencing its worst week since 2022, with the S&P 500 now in correction territory, meaning it has fallen 10% from its recent highs. This downturn is raising concerns about a possible recession and inflation impact, prompting investors to rethink their strategies.

Treasury Secretary Scott Besant reassured investors, emphasizing a long-term focus on the real economy, job growth, and stable asset gains. But should investors be worried? Let’s break down the key factors influencing the market right now.

Are We Headed for a Recession?

Recession fears are growing, but there’s no official declaration—yet.

A recession is defined as two consecutive quarters of economic contraction. While the U.S. technically met this definition in 2022, the government did not declare an official recession due to revised criteria.

Currently, there’s no confirmed recession because the economy has not seen a full six-month slowdown. However, continued market declines, slowing job growth, and investor anxiety could increase the likelihood of an official recession in the coming months.

Investment Strategies During Market Uncertainty

1. Stocks Are a Long-Term Play

Scott Besant advised that stocks remain a safe investment over the long term, even if short-term conditions seem shaky. Market cycles include ups and downs, but those who invest consistently tend to see gains over time.

2. Shift to Safer Investments

As market uncertainty rises, investors are moving money into safer investments such as Treasury bonds and gold. This is causing:

• Falling Treasury yields, signaling a shift toward bonds.
• An inverted yield curve, which historically indicates concerns about economic stability.
• Gold prices rising, reflecting investor demand for safer assets.

3. Market Corrections Can Be Buying Opportunities

Market corrections aren’t always bad—they create buying opportunities for long-term investors. Many seasoned investors increase their investments during downturns, buying stocks at lower prices to benefit from future rebounds.

One approach? Consistent investing regardless of market conditions. The speaker in this discussion personally invests every Wednesday and increases contributions when the market is down to maximize returns over time.

Tax Proposals That Could Affect Your Money

Commerce Secretary Howard Lutnick revealed that President Trump’s proposed tax policies aim to eliminate federal income tax for individuals earning under $150,000 per year.

While this proposal is still in discussion, changes in tax laws could impact take-home pay, investments, and economic activity. Additionally, potential tariff adjustments may influence business costs and consumer prices.

Inflation Is Cooling—But What Does That Mean?

Inflation is slowing faster than expected, but that doesn’t mean prices are falling—it simply means prices are rising at a slower rate.

• The Federal Reserve aims to bring inflation down to 2%, benefiting long-term business growth.
• However, real inflation numbers differ from official reports—for example, grocery prices are still 23% higher than pre-pandemic levels.

Despite slowing inflation, the cost of living remains a major concern for everyday consumers.

Final Thoughts: How Should You Invest Now?

Market volatility can be overwhelming, but the key is to stay calm and focus on long-term strategies. Here are the main takeaways:

Stick to a long-term investment plan. Market corrections happen, but history shows they often lead to rebounds.
Avoid making emotional investment decisions. Reacting to short-term news cycles can hurt your portfolio in the long run.
Diversify your investments. Consider a mix of stocks, bonds, and other assets to hedge against risks.
Monitor economic policies and tax changes. Potential shifts in taxation and tariffs could influence financial planning.

Navigating financial markets requires patience and a disciplined approach to investing. By focusing on long-term growth rather than short-term fear, you can set yourself up for financial success—no matter what the markets do.

Jaspreet Singh is not a licensed financial advisor. He is a licensed attorney, but he is not providing you with legal advice in this article. This article, the topics discussed, and ideas presented are Jaspreet’s opinions and presented for entertainment purposes only. The information presented should not be construed as financial or legal advice. Always do your own due diligence.

The post Investors Are Preparing For A Recession  appeared first on ROI TV.