Paper

Paper assets are anything you invest in that gives you a digital title of ownership (stocks, bonds, etc). This has been the number one way that most investors around the world have built generational wealth.

Business

From female founders to startup entrepreneurs, business is the most sought after asset known to humankind. Primarily due to its labor-intensive methods, more people feel inclined to start one.

Businesses give you the advantage to pass something down to future generations and a great source of income if you can handle the ups and downs while becoming profitable.

Precious Metals

For over 5,000 years, gold and silver have been used as money and wealth insurance policies throughout different periods of civilization.

Only the savviest investors and major banks continue to hold onto precious metals to help manage their investment portfolio. During times of economic uncertainty, metals typically outperform other assets.

Real Estate

Property is said to be the number one way to pass down a legacy. Real estate is a different type of asset class. Depending on how you own it, it can be an investment (which might cost you money at first) or an asset (an income producing advantage).

Depending on where we are in the Boom/Bust cycle we allocate more of our energy too. the value of assets can go from undervalued to overvalued overtime or over night.

As Financial coaches and Wealth Advisors, we know the power of a good financial plan. We help our clients achieve wealth and accumulate smart percentages of assets listed above.

The post Wealth Wednesday: The 4 Main Asset Classes appeared first on Black Couple Travels.

Recently the price of the big three (Bitcoin, Ethereum, Litecoin) has been very volatile (rapidly up and down). But out of the shadows of the previous two, one has begun emerging; Litecoin.

Everyone wants to know why Litecoin has gone up, almost surpassing Ethereum for the number two valuation spot. Next to every single analyst can tell you it went up, but they have no idea why. This is because they don’t have a background in economics or an understanding of money.

We have found the answer why. It’s even simpler than you think. The rising price has nothing to do with some algorithmic computation or some other long smart-sounding word no one has even heard of. It’s because of two very common sense reasons.

Basic Economics

Supply and Demand is the key reason why Litecoin has surged. Litecoin has a special relationship with Coinbase/GDAX. The creator of this altcoin was the head engineer for Coinbase. The more popular Coinbase becomes, the more people will buy it because (for now) you only have 3 coins to choose from.

Everyone understands diversification is key. More than likely, as people see the price of cryptocurrencies available on Coinbase fluctuate, they want to be safe and have more than just Bitcoin.

Transaction Speeds

At a working dinner, one of my business partners paid another partner back in Litecoin. It literally took two blinks to go through. Because of Litecoins scalability (networks ability to handle transactions faster), the blockchain can execute more transactions than Bitcoin.

Learn more about how the economy is changing and how you can capitalize on it joining the 2018 Great Wealth Transfer.

The post WHY THE PRICE OF LITECOIN IS GOING UP appeared first on Black Couple Travels.