From the time you and your partner learned that your first child was on the way, you likely started thinking of ways to provide for them and secure their financial future. Undoubtedly, your children are the most precious thing in the world to you, but love doesn’t pay college tuition or create a financial foundation for when they reach adulthood.
As a family leader, it’s up to you to provide your family with shelter, financial security, and the tools to help your children survive independently as adults. Continue reading to get some tips that will help you to increase and manage your family’s assets.
Invest where the smart money is.
Many investors will tell you the most secure investment is gold. However, if you want to grow your capital, it’s better to invest in a gold mining company like Alamos rather than in gold itself. Alamos Gold is one of the leading gold mining companies in North America, and they’ve had success since procuring their first operating mine in 2005 in Mulatos, Sonora, Mexico.
In its 16 years of operation, Alamos has extracted over 2 million ounces of gold from the Mulatos mine and generated over $400 million in free cash flow, which is the net profits left after taxes and investments are subtracted. As you can see, Alamos’s Mulatos operation has generated a lot of profit for their company as well as dividends for its shareholders.
You would think that, with all those ounces of gold mined from the Sonora mine, it’s their largest operation, but Alamos’s Young-Davidson mine in northern Ontario is their flagship operation. Also, some experts call the Island gold mining operation the company’s rockstar. Furthermore, Alamos Gold Inc. has reached an agreement with the Turkish government to begin mining operations in the Republic of Turkey.
With the Young-Davidson, Mulatos, and Island gold mines all producing great results and the coming Turkish project, you should be checking your investor alerts regularly so you can see the moment when the value of your Alamos shares begin to skyrocket.
Treat your home like the investment it is.
When you first bought your new home, the last thing on your mind was having to put in a service call to have a contractor come and repair your plumbing, appliances, or other home systems. New homeowners often neglect to plan for future malfunctions, but as surely as you have appliances in your home, you’re going to need repair services at some point. A home warranty is an excellent way to protect your plumbing, appliances, and pockets from malfunctions in your home systems.
Arizona is a place where the last thing you want to be without is your air conditioner. The AFC Home Club offers the top rated home warranty in Arizona. As a member of America’s 1st Choice Home Club, you get the peace of mind of knowing your home and appliances are covered by a comprehensive warranty.
Diversify your portfolio to mitigate investment risks.
Many people never get into investing because they fear the risks associated with it. However, investing is your best shot at achieving what we in the United States call the American Dream.
Surely, you’re familiar with the phrase “Don’t put all your eggs in one basket.” The wisdom behind that phrase is if the basket breaks, you lose all your eggs. Well, the same principle applies to investing as well. Spread out your investments—diversify your portfolio so that no single financial misfortune can cripple your capital.
Cryptocurrency is one of the hottest investments on the market right now. Indeed, crypto is volatile, however, diversity is possible, and invincibility is nonexistent in the investment world. So, spread your investments around rather than putting all your capital in one basket. Yes, a basket or two may break, which is the point of having multiples.
Increasing and properly managing your family’s assets ensures that your biggest investments will be around for your children when they grow up. Protecting your home with a warranty is a great way to save thousands on home and appliance repairs. Furthermore, investing in the gold miner rather than the gold increases the chances you’ll maximize the value of your investment. Finally, diversifying your investment portfolio is a great way to spread your wealth and mitigate investment risks.
