What can you do to prevent growing wealth inequality? Well, what can’t you do? You have the power to save and invest for your future and that includes your children, if you plan ahead and put some money aside now. Most people don’t even think about it, but the best financial advice I can give you is to invest in a Roth IRA, open up a savings account with the major banks or invest in the stock markets, the real estate markets, or in gold.
Investing in education is one of the most important things you can do today to ensure growing wealth and financial security for yourself and your family. That means that you need to invest in higher education. Today, students are working two minimum wage jobs just to make ends meet and tuition costs at four-year colleges are beyond inflation. So don’t take on student loans. If you want to be proactive, start saving for your children’s college education now.
Wealth management and investing in the financial services industry is another area that can move you toward financial security. If you are already an owner of a small business, start a retirement fund for yourself and your family to build long-term wealth. You can make money from the equity in your business as well as dividends from your stock holdings. Remember, the stock market is the problem with the American economy right now and the problem will only get worse if the government starts regulating the banks again. The last thing the American people need is more regulation from the federal government over every aspect of their lives.