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...

  If you want to build wealth fast – like really fast – then investing in a vehicle such as a Roth IRA will not get you there. If you’re younger and your income limits allow, open up a Roth IRA. Invest in mutual funds and ETFs. Make sure you have enough cash in your emergency fund. Starting your financial life with those good habits will bleed over into your success in building wealth. Okay, so how do you build wealth fast? Let’s take a look. Drop Your Living Expenses Like Crazy I know, this isn’t very exciting, but this is the definition of wealth. As Todd Tresidder of FinancialMentor.com says, “Great wealth builders focus on both saving money and earning more.” What Todd is pointing to here is the gap between your expenses and your income. Expenses should always be lower than your income. The larger that gap, the more wealth you can accumulate. Let’s face it, you can’t invest unless you have money to invest. If you’re currently living beyond your means and have no additional mone...

  How can you earn more money? You’d think a question this simple would have a simple answer. Yet experts’ attempts to explain the nuances of earning — whether disguised as personal finance, business management, or the importance of education — could fill a file server. You could read all the articles, watch all the how-to videos, listen to all the podcasts, and even attend the right business school, but still not know the best ways to make money. Why is it all so complicated? I have an idea: It’s because only you are qualified to answer the question of how you can make more money. Think about it: Just like our relationships, our time, our food preferences, and even our financial choices are personal. What works for me may not work for you. Likewise, I might not survive a day doing something you’d excel at. And while education, knowledge, and experience matter a lot, they are only the ingredients. You have to get into the kitchen to cook up your own recipe for financial success and...

  Treasure hunters would revel at the idea of getting free money. But is it really a thing? I mean, are there seriously companies out there that will just give money away because they are nice? Yes, and no. Companies often pay out sign up bonuses when you use a new service. Some of the best (and easiest) ways to get free money are to switch services that you use every day anyway, such as bank accounts or credit cards. Other companies will pay smaller bonuses for you to try their app. Take a look at this list of ways to get some free money fast, and choose the best options for you. Attention student loan holders: Now is a great time to refinance your private student loans to get a better rate and save on your overall monthly payments.  Best of all, this is totally free to do! However, if you have federal loans, we recommend you not refinance them at this time as you may lose forbearance and other protections. We all need our savings accounts to be much larger than they are. But...

Elon Musk, a man constantly making waves at the forefront of innovation. Driven by his boundless curiosity, the key trait he utilised to establish industry-leading companies like SpaceX, Tesla, PayPal and many more within a scant few years. So what is the secret behind Elon’s genius? You may have wondered how this man can seem so smart, well here are 6 steps you can take to follow his way of thought. 1. Open up to new perspectives Many think that specialising and becoming an expert in a particular field is the way to success and the forefront of development, Elon Musk begs to differ. Rather than becoming an expert in a single field, Elon Musk is an ‘expert generalist’ with deep knowledge in multiple fields of different disciplines. Here are some of the things you should do to be as knowledgeable as him: Look for a subject that interests you and don’t be afraid of the difficulty in learning it Challenge the established status quo. Look for new opportunities rather than ones people are a...

At the end of this answer, i will show you how you can get 20,000 TikTok Followers, so make sure to follow with me till the end! TikTok has grown dramatically over the past few years, crossing one billion monthly active users in 2021. Along the way, it's created a new generation of digital stars like Charli D'Amelio and Addison Rae Easterling who converted their TikTok fame into lucrative business empires. But you don't need to have millions of fans to start making money on TikTok. There are myriad ways that users of the app can get paid, from using built-in monetization features to joining promotional campaigns for brands and music marketers. For example, TikToker Lucy Davis, who has around 578,000 followers, told Insider she earns between $20 and $300 each time she livestreams on the app. (Read more about how much Davis earns.) Making money directly from TikTok TikTok offers built-in monetization tools for influencers, including a creator fund, a tipping feature, a subsc...

There are many interview tests that are conducted for job applicants by human resources personnel after the job applicants have passed the first stage of the interview. In the second stage of the interview, the human resources personnel and top management official of the company may be present and it is at this stage that most job applicants either make or mar their chances of being employed. The company interviewer will be interested in testing the job applicants in the following areas. 1) Dressing: The dressing is an important aspect of the interview process. Your dressing will create the first impression anybody will have of you. When going for an interview it is advisable to dress properly and this will show a pleasant personality. You will be addressed according to the way you dress. There are certain color combinations that are appropriate for an interview. There are certain colors that you should avoid. Colors such as red, green, and yellow should not be used to make your suit. ...