Hello there!

 

Black Friday and Cyber Monday are upon us, tempting us all to part with our hard-earned money for some fancy clothes or shiny new gadgets. 

 

But before clicking “add to cart” in these virtual stores, consider putting your money in something different.

 

There are plenty of businesses raising capital on TruCrowd and Fundanna that could use your investment and support. 

Since we’re on the subject of better spending habits, may we sway you into learning more about financial literacy? We’ve included some useful tips in today’s bulletin. 

 

We hope everyone had a great Thanksgiving celebration. Enjoy reading and stay safe out there!

 

Keep aiming high,

Claudia Ecobici

NOVEMBER 27, 2020

TRUCROWD BULLETIN

The week’s top stories for investors and entrepreneurs

According to the NFCC’s 2019 Consumer Financial Literacy Survey, 1 in 4 adults in the United States is not confident about their savings at all. Meanwhile a study by FINRA Investor Education Foundation, posits that  1 in 4 young Americans fail to pass a financial literacy test. 

 

Americans are struggling with financial literacy and it’s time to practice some habits to develop it.

 

Practicing self-control: Self-control and smart financial decisions have strong associations, according to research. While it can be difficult, practicing self-control in spending greatly affects one’s attitude towards saving, consumer temptation, and peer pressure.

 

Educating one’s self: Open opportunities for growth and security by doing ample research in proper handling of your finances. There are infinite sources online that provide relevant information in every industry that you may be interested in. 

 

Setting financial goals: Setting up financial goals keeps you motivated to cut back on expenses and spend your money wiser. It's important to keep these goals attainable and simple and you'll be on your way to better financial security.

 

Having a budget: Avoid unnecessary spending by having a set plan for your budget. By being on top of the amount you spend versus how much you earn, you'll be able to see which expenses are essential and which aren’t. 

Why let your money sit around and do nothing when it can “work for you” and bring home additional dollars? Here are some ways to earn more with the money you have sitting on your account.

 

Credit card rewards: It might seem like using your credit card isn't going to help you grow your income, but finding a card with rewards that suit your lifestyle means the money you spend gives back.   

 

Passive income: There are multiple ways to use your money as capital for passive income. Let your money earn more by investing in real estate, engaging in silent partnerships in businesses, or doing some affiliate marketing. These things require time, money, and effort at the start but the rewards you'll reap in the future will be worth it. 

 

Investments: Investing in a company’s stocks has become one of the most popular means to generate income without much sweat. For unaccredited investors, equity crowdfunding can be a good alternative. In equity crowdfunding, anyone, regardless of income or net worth, is given the opportunity to invest and own equity in companies they choose to support.