The NYSE is America’s oldest stock exchange. It traces its roots back to an incorporation agreement signed under a buttonwood tree in 1792. Its basically a building with a bunch of huge rooms where people buy and sell stocks. Hint: its the chaotic place you see on the back of CNBC broadcasts. By volume alone this monument to capitalism is one of the world’s largest places where shares are traded. Over a billion units of stock are bought or sold on the NYSE every day. Wealth is made and lost every minute the exchange is open, sometimes in drastic amounts. It’s a place of action where perceived wealth (in the form of stocks) is trading hands every second.

MANAGE YOUR MONEY TOGETHER

Here are some simple guidelines for DINKS to build wealth:

1) Collaborate: Meet regularly to talk about money, set goals together, track and monitor them.

2) Understand and respect your partner. Take time to understand your partners values about money.

3) Watch the numbers. Get a budget, monitor your spending and track your net worth.

4) Max your retirement. Maximize contributions to your tax deferred retirement accounts.

5) Invest in stock. Stocks perform better than bonds or cash.

6) Avoid high interest debt. Credit cards and title loans are financial cancer.

7) Diversify. Don't put all your eggs in one basket.

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