Secondary Sources: Wealth-Building, Dollar, Gold
One of the enterprises in REDFs portfolio is Buckelew Programs, a mental health agency with 220 employees that provides a continuum of services to roughly 7,000 clients each year and operates three social enterprises, including a green cafe and a green cleaning service, as well as a staffing service. This year, it intends to open a fourth social enterprise, a fresh-cut produce processing business. In Grayland, Washington, Coastal Community Actiona nonprofit agency that operates a range of housing, food, healthcare, and employment programshas built a 6 MW wind farm consisting of four wind turbines. The wind farm, which sells energy to the electrical grid, generates enough power to satisfy the energy needs of more than 1,500 households.
Stages of Wealth Building
A new study from the Urban Institute finds that Ms. Brady and her peers up to roughly age 40 have accrued less wealth than their parents did at the same age, even as the average wealth of Americans has doubled over the last quarter-century. Because wealth compounds over long periods of time a dollar saved 10 years ago is worth much more than a dollar saved today young adults probably face less secure futures for decades visit down the road, and even shakier retirements. Dollar: Dean Baker says that the value of the dollar doesnt say anything about the strength of the U.S. economy. Fans of arithmetic and believers in accounting identities know that an over-valued dollar is at the root of our current economic problems.
On the other hand, we may also be incurring significant new expenses, too. Things like homeownership , cars, marriage and even children inevitably make a big impact on our finances. Be realistic about your new financial demands, but don’t lose sight of the foundation you need for your next stages of wealth. Invest in your career by expanding your skill set and networking with industry leaders so you can keep abreast of new developments in your field.