Millennials are saving their money, but not for retirement

HOUSTON — Once again, millennials are breaking the mold!

A new Merrill Edge report suggests millennials arent saving for the future, but for fulfillment instead. Researchers said it is the first generation to plan for financial freedom, instead of retirement.

An estimated 63% of millennials polled say they are saving to live their desired lifestyle, but only 45% of Gen Xers share that same fun first mindset.

On the flip side, 55% of baby boomers said they were saving to leave the workforce, while only 37% of millennials are worried about their golden years.

Young adults are willing to do whatever it takes to achieve freedom and flexibility– even if it means working for the rest of their lives, Aaron Levine said.

It looks like saving for a rainy day is no longer the way, and living in the now is the wave of the future!

Dville to host Juneteenth Freedom Festival

Donaldsonville’s Juneteenth Celebration features various special guests and performing talents from all over the south such as Claude Bryant Reggae Allstars (12:30 -1 pm), DJ Derrick 1:30-3 p..), Bucket List Band (3-4 pm), Universal Language (4:30 -5:30 pm) and the Michael Foster Project (5:45-7 pm).

There will also be numerous workshops focusing on the theme of Financial Freedom. According to organizer Tamiko Garrison, financial gurus such as credit coaches, investment consultants, bankers, financial planners and tax attorneys will be on hand to discuss credit repair, investments and banking to assist families, teens and adults with securing financial freedom in their lives.

“The festival is about love, togetherness and a celebration of freedom,” Garrison said. “It is open to everyone. We have to remember our past so that we can learn from the good and never repeat the bad. The celebration is not just for the city, parish or state, it is for the world.”

For more information about the free event visit

Get Peace of Mind and Financial Freedom with a Household Budget

With the economic times hitting so many households so hard it is time to find out how you will be able to manage in these difficult times. A household budget must be implemented in order to determine where you are overspending and can cut costs. This can help you begin to practice cost analysis methods before you go out and spend money.

A cost analysis is a method of determining the overall cost of a family event. For example, you want to take your three children to the movies and you want a real cost of the show. The show is 50 miles away, the kids must eat, you have to buy tickets, etc. You may find the overall cost to go to the movies after gas, food and tickets, is around $ 100 or more. This is not cost effective for your budget. Determining the cost of a movie is not only the tickets to get into the show. This is where many people go wrong with their budget and they cannot figure out where their money went. Take snacks, carpool, eat first, or just rent a movie on pay-per-view and stay at home. A cost of $ 5 is much better than $ 100.

Women Are Looking To Build Wealth And To Have Financial Freedom!

Women are discovering that money is power. They are now learning how to earn it, accumulate it, invest it, spend it and manage it like a professional.

According to a special programme presented by BBC Radio4’s Money Box which looked at women and finance they revealed that within 20 years women will control 60% of the personal wealth in the UK, claimed research published earlier this year. There are also 24% more women millionaires under the age of 44 than men, the report added.

Here are the ways to buy bitcoin, according to a real investor in the digital currency

I get this question all time and now with bitcoin up 100 percent this month — yes, in just one month — my phone is ringing off the hook with friends, family and investors asking how they can buy some bitcoin.

To be sure, I do think this latest run is a bit of a price frenzy and a correction could be overdue. Bitcoin is a revolutionary and disruptive technology, but it is not immune from the very human emotions of fear and greed. However, I do think for the long term, it is vastly undervalued today.

When I first bought bitcoin in 2013 the process was cumbersome and even a little scary, but today it it is much easier. Individual and institutional investors have some very simple ways to gain exposure to this new asset.

If you are an individual investor and want to buy bitcoin the easiest way is through a digital asset exchange like Coinbase. Coinbase is one of the largest US-based bitcoin companies that facilitates not only buying bitcoin, but also the storage of bitcoin. Opening an account with Coinbase is painless and once you link your bank account you can buy and sell bitcoin with ease.

Beyond the ease of use, Coinbase also offers a vault that can be used to store your bitcoin. Since bitcoin is a new financial system that can operate without traditional banks, you control your finances. However, this financial freedom means that you are responsible for the safekeeping of bitcoin. The vault option at Coinbase makes storing bitcoin simple and it has many layers of security.

If you would rather buy bitcoin in a retirement account like an IRA, you can do that too. The Bitcoin Investment Trust (GBTC) is a publicly traded trust offered by Grayscale that holds only bitcoin. This is a good solution for those looking to make a long-term tax efficient purchase of bitcoin. However there is a caveat, the Bitcoin Investment Trust is thinly traded and often trades at a premium to the price of bitcoin.

Institutional investors are also getting into the bitcoin game. For my hedge fund that invests in digital currencies like bitcoin and Ethereum, I use Genesis Trading. Block trading desks, like Genesis Trading, give institutional investors the ability to buy large amounts of bitcoin with very little slippage.

My investment thesis on bitcoin and blockchain technology is that it is a disruptive force in financial services and will likely be the foundation of the next-generation internet also called Web 3.0. Its worth noting again that while bitcoin has a lot of real-world potential use cases, its price is still subject to volatility, which could get extreme in some cases.

Financial Freedom settles HECM violation allegations

Reverse mortgage lender Financial Freedom has agreed to pay $89 million to settle False Claims Act allegations involving unearned interest payments it received from the Federal Housing Administration.

Financial Freedom is a subsidiary of OneWest Bank. Before the financial crisis OneWest had been IndyMac, which failed and was purchased in 2009 by future Treasury Secretary Steven Mnuchin. It was sold to CIT Group in 2015.

How one man created his own budget and paid off $48k in debt

1. When did you realize that you needed to take control of your finances?

When my wife, Nicole, and I started talking about having kids – something that was so important to both of us – it got me thinking of the severity of our financial situation. I wanted to change our financial family tree for the better. I wanted our kids to know how to avoid debt and start to build wealth early, so they would be set on a path to financial freedom. If this family tree was going to change, I had to change first.

2. What was the very first step you took on your journey to financial freedom?

We developed a monthly written budget that defined our way forward. We knew we had to reduce our expenses and increase our debt payments ($48,132 in debt when we started). The written budget guided us to ensure that we would stay the course.

Nicole and I agreed to meet every month to create and review the budget. I dubbed this the budget party. She did not find it to be much of a party per se, but I figured if I call it a party she might be more willing to show up.

The monthly party consisted of pizza and us developing a zero-based budget through Mint where every dollar that we earned each month was committed. This way we were controlling our money instead of our money controlling us.

How an ‘average guy’ can save for a comfortable retirement

Leungs chosen route into funds is to invest in Vanguard passive funds through InvestNow, a Fintech business that launched in March, as well as directly from Superlife, Simplicity and NZXsSmartshares.

In just two months, InvestNow has facilitated more than $50million of fund investments for self-directed investors like Leung, with its growth fuelled by word of mouth.

Leungsinvestment philosophy is to be smart and lazy, to achieve financial freedom by being smart on just a few things, and then to be lazy by not doing much else.

Marco Robinson to give free seminar on financial freedom

KUCHING: Discover the secret of being successful at entrepreneur and author Marco Robinson’s free seminar, detailing his journey to financial freedom.

Scheduled to be held on April 1 at Pullman Miri Waterfront Hotel, Robinson will describe at length his rise to success by giving the underprivileged and persecuted a second chance.

For the best-selling author and award-winning entrepreneur, his desire to fight for success started with saving his mother from living on the street, and it didn’t stop there.

Robinson has just completed filming ‘My Great Property Giveaway’ with Channel 4 in the United Kingdom and has spent the last 12 weeks finding the most deserving people to give a home to.

He was willing to give one of his properties, mortgage free, to a deserving underprivileged family and has helped a Syrian asylum seeking family find sanctuary in their own home and help them find peace.

The 48-year-old owns over 100 properties and has a net worth that ranks him as a self-made millionaire.

At the age of two, Marco had already come face to face with traumatising and turbulent times at home. His father was a gambler, and his mother had to leave the marriage to live on the streets.

He moved to 35 schools before he was 10 and dropped out of school at 15 to get a cleaning job.

With nothing but a beat up Volvo and laptop to his name, Marco wrote his first book, ‘Close the Deal amp; Suddenly Grow Rich’, which chronicled his life as a salesperson . It went on to become a best seller.

Dumbfounded by its success, but barely surviving on its royalty, Marco began asking himself how he could become a millionaire.

Using his intuition to guide him, history to forewarn him and open mind to constantly push him, he made a personal fortune of $12 million in 2009 from developing the first Vacation Incentive Company in the world and attracted big clients such as Citibank, BMW, Mercedes-Benz and others.

Today, after decades of struggle and disappointment, Marco has made his name as a multimillion dollar property investor who is now on a mission to help people change their lives.

He has been invited to speak at numerous events on the public speaking and motivational talk circuit, made countless appearances in a number of radio and television networks in the United Kingdom and is no stranger to the pages of renowned publications such as Forbes and Bloomberg.

His second book ‘The Financial Freedom Guarantee’ is an award-winning retirement plan that outlines the strategies adopted by him to amass his own fortune in property.

Robinson is also the winner of the I-Property People’s Choice Best Real Investor 2016 and creator of the hit TV show ‘My Great Property Giveaway’.

For more information on Marco, visit Those interested to attend the seminar can contact Suzzanne at 012-6222997 or email