Frank Wealth

  Many people perceive being wealthy as having nice houses and a pleasure yacht. But the kind of money that the wealthiest 1% of the world's households has dwarfs this concept. This segment of the population large portions of major corporations, multibillion-dollar investment funds, islands in the Caribbean, and even rocket ships taking them into outer space. The average net worth of the 1%, aka the richest 1% of the global population's households, has mushroomed over the past two decades. It now towers higher above the net worth of the average citizen than ever before. Here are some of the basic facts about how the 1% lives. KEY TAKEAWAYS The minimum net worth of the top 1% is roughly $11.1 million. A person would need to earn an average of $823,763 per year in order to join the top 1%. The widening gaps in wealth and income stem from a variety of factors, including the wealthiest's increasing dominance of public and private equity, and tax breaks. Demographic Breakdown Be...

  The ultra-wealthy, known as ultra-high-net-worth individuals (UHNWIs), make up a group of people who have net worths of at least $30 million. The net worth of these individuals consists of shares in private and public companies, real estate, and personal investments, such as art, airplanes, and cars. When people with lower net worths look at these UHNWIs, many of them believe that the key to becoming ultra wealthy lies in some secret investment strategy. However, this isn't usually the case. Instead, UHNWIs understand the basics of having their money work for them and know how to take calculated risks. KEY TAKEAWAYS Ultra-high-net-worth individuals often understand the importance of savings, the basics of investing, and how to take calculated risks. Concentrating portfolios with investments only from the U.S. and the EU is an example of an approach that overlooks potential opportunities elsewhere, such as the emerging markets. UHNWIs do not try to keep up with their neighbors or ...

Being financially secure before you reach 30 may seem out of reach for many people in their 20s, but it's possible. Working toward financial security need not be an exercise in self-deprivation, though many people assume it to be. Attaining this goal even has some immediate benefits given that financial insecurity can be a serious source of stress. The following are 10 steps to consider to achieve financial security before you turn 30. KEY TAKEAWAYS Knowing how much you spend can keep spending in check. Live within your means, don’t use credit to fund a lifestyle, and set short-term achievable financial goals. Become financially literate and save what you can for retirement. Take calculated risks, such as moving to a city with more job opportunities or taking on a new job that pays less but has more upside potential. Invest in yourself by continually upgrading your skills and knowledge. Strike a balance—working toward financial security doesn’t mean you need to deprive yourself.  1...

In a country where economic deficit and unemployment have become the order of the day, conceptualizing a business idea in Nigeria and subsequently starting it can be likened to a goldmine which offers an opportunity for people to tap into a better livelihood. According to Statista.com, a total of 32.5% of Nigerians were unemployed in 2021, with a forecast unemployment rate of 33% in 2022.  Apart from being a gateway to self-employment and helping to put an end to job hunting, starting a private business from various business ideas also comes along with several advantages which include but are not limited to:  Unlimited freedom  Unlike working under someone or organization, where your mode of operation and work is being dictated by your boss/superior, personal l business gives you the privilege to work at your own pace and with ease. This is most suitable for people who may not have what it takes to work for a company due to certain conditions such as old age, underlying m...

  Do you want to learn how to make money using your phone? Today I’m sharing 25 easy ways to make money from your smartphone. The best part is, many of these mobile apps are free to use. This can be a great way for teenagers and students to earn extra money. How much time do you spend each day on your phone? A recent survey says that we spend an average of 3 hours and 15 minutes per day on our phones. We’re spending more time online because many of our pastimes, such as socializing is shifting from offline to online. Since we’re spending so much time on our smartphones anyway, why not use this as an opportunity to make extra money through your mobile phone? If you’re been thinking about how to boost your income, this list of money-making ideas is a great place to start. Whether you’re a teenager, a stay-at-home parent, or you just want to make money fast — many people are looking for ways to make money from home. Today I’m going to show you how it’s possible to make money from your...

Are you a programmer trying to make money online? Well, congrats! You’ve clicked the right link. Keep scrolling for 16 ways to get paid to code online. Are you a programmer trying to make money online? Well, congrats! You’ve clicked the right link. Keep scrolling for 16 ways to get paid to code online. How to Make Money Programming If you’re a programming geek and not making any money online, you are missing out BIG. Anyone (read: you) that’s familiar with languages such as C++, HTML, Python, NET, Java, and PHP, can get paid to code online. This means you can finally combine your love of programming with your love of cold hard cash. Pretty gnarly, right? Technology is only becoming more and more a part of everyday life. I mean, even my grandma knows what TikTok is. This means the value of programming skills is only increasing, too. And the best part about all this is that sweet thing we call the World Wide Web has opened up new possibilities for programmers to find work. You don’t ha...