Fact Check Finance: Mitt Romney has $102 million in a Roth IRA?

roth ira
I recently saw a post on Instagram shared by a personal finance coach berating anyone not taking advantage of a Roth 401(k). He used Mitt Romney’s $102 million individual retirement account (IRA) as the basis for the statement. Unfortunately, he was misinformed. That’s not a Roth 401(k) First, Mitt Romney has an IRA, not a 401(k), estimated between $20 million and $102 million. Further,...
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3 Things I Learned from My Failed Business – Part One

failing at business
I have failed at business ventures for a decade. They either flopped outright, or I was unable to execute my idea correctly. I was embarrassed when I realized my dreams wouldn’t come to fruition after I had promoted my services. I can say it proudly now because I learned some valuable lessons. Start the Business First, the best way to start a business is to take steps to execute. Talking about...
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3 Reasons You Should Start an Investment Club

investment club
If you and your friends have thought about pooling your resources to create an investment club, then you should go for it. I’ve considered the idea but have, regretfully, failed to execute. Maybe it’s because I didn’t fully understand all of the benefits. Here are three reasons you should start your investment club. Share the Wealth and the Risk To begin with, you have access to...
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4 Things Gaming Taught Me About Money

gaming taught me
One way I learned about personal finance and business is online gaming. I know it seems farfetched, but it’s been eyeopening. Here are four things gaming taught me about money. Work For It The first lesson I learned about money is that you have to work for it. You may start with nothing, but if you work hard and seek it diligently, you can find more. I refuse to spend real money on games unless...
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3 Reasons Why You Should Write a Book

write a book
Have you ever thought, “I should write a book?” Do you have a lot of opinions and want to share them in a safe space? Perhaps you want to write that bestseller you’ve been sitting on for a decade. Either way, here are three reasons why you should write a book. Writing is Self Care First, expressing your creativity is a form of self-care. You’re working your brain while allowing...
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