Kevin Nalls Jr

Mrs. Makar

Civics/Economic

19 March 2021

Investment

My names Kevin Nalls Jr, and I’m 41 years if age wondering what I should do with my

money. I currently work at UMPC as an ER Nurse, I’ve been working for about 17 years coming

up to 18 years and for some time now I’ve been wondering how I should invest my money for

my future for my 401k, kids, stock, and maybe real estate. I chose these things due to my kids

choices of schools for college and knowing the tuition it’s something I want to be free of in some

way of paying all that money, with stocks I believe that investing into the right one will help me

add a stable side hustle to gain money than just my job, real estate due to another way of being

able to get money from the side by getting an mortgage from someone else, and with my 401k

funds I want to invest into that to help for the future.

 One investment I am planning to put my all into is saving extra money from my paycheck

into a savings account for my kid’s future choice of school. I’ve been doing it for some time

now, but I really am committed that every time I get paid from my job that I at least put $100-

$350 into a private account to ensure that I save money to either pay for my kid’s colleges. Or

another reason I add money into the account is for a rainy day to be prepared for anything that

may happen in the future. A Saving account is opening an account at a bank or credit union and

deposit money into it. While it's stored in the account, my money earns interest, paid by the bank

which is an low risk I believe in my case.

 At my age being in my 40’s now and with technology coming so far I decided to invest

into stocks that seems like a moderate risk to proceed into this field. With stocks I believe it’s

a good way to gain promised money from corporations while also having not to put so much

effort in as well. Also, if anything were to happen to the company that I invested in, I could

easily back out by selling that stock and getting away from that company that may have more

downfalls in the future. A stock being a share which entitles the holder to a fixed dividend,

whose payment takes priority over that of common-stock dividends.

 With Real Estate I believe this is a risky investment due to the point of having the money

to be ready for the property I’ll buy. The maintenance, renting/buying, cleaning, payments, etc.

are all ways that money can either be lost or gained. However, I believe that it is also a passive

income that in a good long-term investment the value can increase meaning I gain more money

which would be beneficial. Also, when my kids get older, we are going to put their names under

property so they have a passive income going their way as well, they can either live in the house

or if they want to have someone rent out and gain money just like that. Real estate is property

consisting of land, the buildings on it, and any natural resources within the property boundaries.
 With the investment into the 401k being a very low risk of investing in I love the

idea of taking a portion of my salary to help with my retirement plan. With this I am

given the chance to not worry about money in the future since money will be stored away

for me giving me a chance to go on vacation or do multiple things with my money. I also

think this is an good investment since I can work up until my early 60’s making sure I use

my money wisely, and once I retire I still have an extra portion of money to spend in

which I’ll probably use to help with my kids dreams and anything that may happen in the

future. A 401(k) is a qualified retirement plan, which means it is eligible for special tax

benefits.