Day 1 recap: Our focus should be to help each individual person to thrive and enjoy a better life.
Day 2 recap: We have determined the scope of the project to include health, wealth, wisdom and fun sections.
Day 3 recap: We will provide the best healthy recipes and connect people with the best healthy food delivery services.
Day 4 recap: People can learn the most easy and effective ways to keep healthy, but they also need to take actions by themselves. When things get complicated, we can connect them with the best professionals to solve those problems.
Day 5 recap: We can help people to find the best ways to treat common diseases, connect people with the most reliable telehealth systems in the world, and can also introduce some untraditional ways to treat diseases.
Day 6 recap: we can provide all the necessary information and knowledge for better education, and can connect people with the best experts for education planning and learning.
Day 7 recap: we can provide the necessary information and knowledge to help people find jobs and pursue good careers, can connect them with professional career services, and can even create the best job opportunities.
Based on solid and consistent income from jobs, people still need good personal financial planning to achieve financial independence and happy retirement.
We can provide the best recommendations to help people (for both pre-retirement and retirees) setup goals, save money for spending, understand budget and savings, manage retirement investment portfolio, understand about debt, protection and insurance, as well as tax and estate planning.
There are some common pitfalls that all people should be aware of:
Bond is the way to get consistent income with principal protected. Bond ETF is not, and can be significantly depreciated in a rising interest rate environment.
Don't trust any stock subscription or trading services, especially with pitch like "10X your investment", "Double in a month", etc. Nothing can beat S&P 500 index consistently.
Don't YOLO (You only live once) one stock option with all your money. Speculation is just like buying a lottery. Speculative or short-term investments should be within 5% of all investments. You should be prepared to lose all the money invested for speculations.
If you want to invest in a S&P 500 index ETF, don't expect any good short-term return. You have to consistently contribute each month over at least 30 years, and with dividend automatically reinvested.
Don't try to time the market. When you believe the market will crash, it will go through the roof. When you believe the market will go up forever, it will crash hard. The only right thing to do is to buy more when the market crashes more than 50%, and wait for it to recover.
If there are some complex needs for investments, insurances, taxes and estate planning, we can also connect people with professional services.
Small business or real estate can be considered as a second job, or an investment. The purpose is to increase income and shorten the time required for financial freedom.
We can provide all the necessary information and knowledge to help people get started. We can also connect them with the best quality professional services to improve returns.
In summary, we can provide the best recommendations to help people achieve financial independence and happy retirement while avoiding all pitfalls. We can also connect them with the best quality professional services when required.
That is good for Day 8, and we have covered all the wealth sections.