Newsletter
Better Finances for a Better You
← 074 Neontra Newsletter Issue #073 072 →
Estimated reading time: 6 minutes
Did you know?
Switzerland was the country with the highest average wealth per adult in 2023 with $709,612.
Manage all your assets and liabilities to track your wealth real time at Neontra →Word of the week
Generational Wealth
Wealth that is passed down to children or other family members from parents or other relatives. This can include financial investments in children's education, such as covering the cost of college, as well as cash, real estate, or anything else with a monetary worth. It is also known as intergenerational wealth.
Generational wealth: What it is and how experts say you can work to build and protect it by Ivana Pino →Budgeting
Tips to teach budgeting for kids
- Let your kids earn their money
- Discuss wants and needs
- Set savings goals
- Offer your kids a savings incentive
- Let your kids learn from mistakes
Quote of the week
"Trade money for time, not time for money. You’re going to run out of time first."
- Naval Ravikant
Infographic of the week
The Countries With the Highest Wealth per Person
In 2023, global wealth increased by 4.2% as global stock markets rebounded and inflation eased. While Europe, the Middle East, and Africa achieved the strongest wealth growth, the U.S. accelerated at roughly half the rate of these regions, at 2.5% annually.
Highest average wealth per person, by country. Where does your Canada rank? →Saving
Vampire Energy? How Much Is It Costing You?
Take action against vampire energy to save money →Investing
10 Common Investing Mistakes To Avoid by Brean Horne
1) Not building a rainy day fund 2) Forgetting about inflation 3) Not setting financial goals 4) Not using your tax allowance 5) Forgetting fees 6) Not diversifying 7) Not doing your research 8) Following fads 9) Reviewing your investments too little (or too much!) 10) Not learning from your mistakes
Take a closer look at 10 common investing mistakes and how to avoid them →Serious stuff
Key Strategies for Improving Your Financial Wellness By Terry Turner and Thomas J. Brock, CFA®, CPA
You can enhance your financial wellness by improving various aspects of your personal finances →