Millennial Investments — Lifehacks & Real Estate

You‘ve probably heard about velocity banking at a point in your life. Especially when you become a homeowner. Velocity banking is one of the most searched mortgage-related terms on the internet. For those who are curious about what velocity banking entails and how you can use it to gain wealth, this article was written for you.

What Does Velocity Banking Mean? ❓

Velocity banking is referred to as the home equity line of credit (HELOC) strategy. It is a financial strategy that uses home equity lines to exploit disposable income in an attempt to pay off your mortgage quicker. Usually, banks can lend up to 80-90%…

Millennial Investments — Lifehacks

We all make purchases in life. Whether it’s groceries, home supplies, entertainment, or leisure, we all shop. One of the best ways to save money is by purchasing gift cards at a discount. The global gift card market size was valued at $615 billion in 2019 (that’s right, billion with a B). That means that there is a lot of unused gift cards out there. Whether people didn’t get a chance to use them or no longer need them, many people with gift cards are not using them and would instead trade that in for cash.

There are 2 gift…

Millennial Investments — Entrepreneurship

Side hustles are a great way to make extra money. They’re easy to start, and most can transform into a full-time income if you’re willing to put in the work to make them into a business.

Todd Baldwin developed this list as a complement to his YouTube video. We’ll put the video below, and make sure to subscribe to his channel!

1. Flipping Products 👟

Flipping products occurs when you buy something then resell it at a profit. It can literally be any good that you’re able to sell at a premium. You can often find deals at garage sales or Goodwill and…

Millennial Investments — News

In just 25 short years, Jeff Bezos turned the original Amazon book store into today’s massive global enterprise. Now, Amazon touches our lives multiple times every day, whether it’s reading a book on a Kindle, getting 2-hour shipping on practically anything, or driving next to an Amazon delivery vehicle.

Jeff Bezos has been the company’s chief executive since its inception in 1994, but on February 3, 2021, Bezos announced in an email that he will step down as Amazon’s CEO in quarter three of this year. His replacement is Andy Jassy, who has been the primary driver for Amazon’s cloud…

Millennial Investments — Monthly Rewind

Wow. We thought this year was going to be different, but already 2021 is on fire. 🔥 Bitcoin is all over the place, and Reddit users are taking on Wall Street. It’s only been a month since launching Millennial Investments 💰, and we’re happy with the progress so far! We wanted to reflect on what we’re doing monthly, so here’s our monthly rewind! 🎬

Let’s kick things off with our top three most viewed articles!

1.) My $50K, 15-Month Master’s in Finance in 5 Minutes🎓

Garrett Ramela reflected on his journey to get a master's in finance from American University and boils down what you need to know in five…

Millennial Investments — Markets

What is Compound Interest? ✏️

Compound interest is simply the interest added to the principal amount of money that is invested or borrowed. The principal amount and the initial interest earned yield more interest over time, resulting in a compound effect. It is making interest from interest, which will eventually lead to enormous growth in interest — and subsequently, wealth. Compound interest benefits the investor, who will continue to earn money as long as their investment is not tampered with.

How Does Compound Interest Work? ⚙️

Let’s assume you deposited $1,000 in your bank account. And your bank offers you an interest rate of 10%/year. So, at the end of the…

Millennial Investments — Lifehacks

It’s no secret that apps have already taken over our phones. It’s also probably not a secret that you’re probably trying to save and invest. Well, we have the perfect list for you! Here are our top 10 personal finance apps to have in 2021. These apps are bound to change the way you view saving and investing. Whether you just want to make a monthly budget or become a crypto trader, we have something for you. Let’s dive in! 🤿

#1 Yotta Savings 🏆

Millennial Investments — Markets

You may have heard stories of people who have become millionaires through investing in cryptocurrency. There are positive testimonies of how some individuals made significant gains from digital currencies’ price explosions in recent times. Cryptocurrency is also becoming popular as an alternative global currency, with Bitcoin leading the pack.

You‘re probably wondering how you can invest in crypto to make a return on your investment? But hold on a second! Aren’t they’re people who have lost their cryptocurrency investment. So, you have to do proper research to avoid running into debt when you hurriedly invest all your money in cryptocurrency…