Secret #0009

This week’s newsletter has a top-secret tip on how to retire rich 🤑, a newsworthy story on the future of healthcare you’re going to want to check out 💊, and the credit card Taylor is OBSESSED with 🤩. Read more to get the priceless tea!


In today’s world, retirement accounts are a critical part of your long-term financial plan. A retirement account allows you to invest in things that will help you save for retirement over time, like stocks and bonds. There are different kinds of accounts that you can use for this purpose, but we’ll focus on the most common type: Individual Retirement Accounts (IRAs). In this newsletter, we’ll explain what an IRA is and why it’s important for your financial future!

A retirement account is an investment account (like a 401(k) or IRA) that allows you to save money for your future.

You can choose between two types of accounts:

  • Traditional IRAs
  • Roth IRAs
  • A retirement account is a great way to save for your future. You can start with a small amount, and increase it over time.
  • You can invest in stocks, bonds, mutual funds, or other types of investments. Your investment options will depend on what type of retirement account you choose. For example:
  • If you’re using a Roth IRA as your primary retirement savings plan (rather than other types listed above), then you can invest in an assortment of stocks and bonds through index funds like [Vanguard]( [Blackrock’s iShares]( (ETF). This will allow investors to grow their money while minimizing risk by diversifying their portfolios across several industries rather than putting all their eggs in one basket

Now that you understand how important it is to have a retirement account, the next step is choosing which one is right for you. There are many factors to consider when choosing a retirement account. Here are some things to keep in mind:

  • Choose an account that’s easy to use. If your company offers more than one type of plan, find out what each plan’s contribution limits and fees are before deciding which option will work best for your situation.
  • Look at the different investment options available and decide whether they align with your risk tolerance (the amount of money invested). For example, if you’re relatively young and don’t have much saved up yet but still want some protection against market fluctuations during volatile times, choose a low-risk option such as mutual funds or exchange-traded funds (ETFs). On the other end of this spectrum would be someone who has been contributing regularly throughout their career; these individuals might invest in more aggressive options such as stocks or closed-end funds due to their higher potential returns over time.* Determine how easy it’ll be for

you–and/or others in your household–to access these investments later down the line.* Consider what type of investment choices exist when making future contributions; these may include mutual funds or ETFs.*

A retirement account is a savings plan that you can contribute to through work, or you can open an IRA (individual retirement account). You invest the money in the account, and it grows tax-deferred. You don’t pay taxes on any gains until you withdraw them.

You should also know that there are two types of IRAs: traditional IRAs and Roth IRAs. The difference between them lies in when you pay taxes on your withdrawals: with a traditional IRA, you don’t have to pay taxes until you withdraw the money; with Roth IRAs, you pay taxes upfront but then never have to worry about paying them again as long as certain conditions apply throughout your life. If your income level qualifies for both types of IRAs (and many people’s do), consider investing some of your savings in each type so that they complement each other instead of competing against one another over time.

Healthcare prices are rising!

There are two big reasons why healthcare costs are increasing. First, there are fewer companies offering coverage to their employees. Second, more people rely on government programs like Medicare and Medicaid than they used to. The number of businesses that offer health insurance has fallen steadily over the last decade according to data from Kaiser Family Foundation: The percentage of firms offering health benefits dropped from 70% in 1999-2000 to 63% in 2009-2010, a decline of 7%.

You might be wondering why the United States spends so much more on healthcare than other countries. For starters, other countries spend less money on health care. The United States has the highest level of per capita spending in the world, followed by Switzerland and Norway. And unlike some other countries that have single-payer systems or government-run insurance plans (like Canada), we have a private system run largely by for-profit insurance companies with very few regulations in place to control costs.

If you have health insurance, you’ll be paying more for it. If you don’t have health insurance, or if your employer doesn’t offer it, premiums will be higher when you’re shopping for a plan on the open market. This is true even if your employer does offer coverage —the cost of providing benefits often gets passed along to employees in the form of higher wages or lower raises.

One reason why health care costs are rising so much is simply that they’re expensive services to provide: hospitals need beds and equipment to treat patients; doctors need training and office space; nurses and technicians must be paid; pharmacies must stock their shelves with drugs (and those drugs cost money). Another reason might be that some people are uninsured or underinsured (meaning they can’t get adequate coverage because they’re poor). That means they’re less likely to seek out preventative care when they should—treatment which would cost less in the long run than treating advanced disease later on.

This past week I went to San Antonio and had such a blast seeing Elton John in concert! On my travels, I had a connecting flight in Dallas where there is an American Express Centurion lounge. Because I hold an American Express Platinum Card, I was able to get in along with bringing a +1!

There were free drinks, amazing food, and delicious desserts. There was even a spa at the Dallas location, but unfortunately, by the time we arrived, it was closed.

Card Benefits:

  • Travel benefits include $200 airline fee credit
  • Earn 5X Membership Rewards® points on eligible prepaid travel on
  • Experience the latest shows, audiobooks, music, news, and recipes. Get up to $20 in statement credits each month when you use your Platinum Card® for eligible purchases.
  • View more here.

Annual Fee: $695

Apply for an American Express Card with this link!

This is a new section on the newsletter where you can ask me anything about finance, money, buying a house, personal finance tips, etc and I’ll be sure to help you out!

Bryan, it is never too early to start saving and investing. It’s important to understand that when you’re young, the longer your money has to grow, the more impact it will have on your portfolio later on. You also need less money down payment for a house or apartment because of this principle: compound interest will save you some cash in the long run!

An investment is something you buy in the hope of selling at a higher price sometime in the future. You can also think of an investment as a way to make money. There are many different types of investments, but they can be divided into four main groups: stocks and bonds, mutual funds and index funds (which are like stock funds), real estate, and gold or silver (which are called commodities). Cryptocurrency is a relatively new type of investment that many people are considering.

Here are some things you should know about each type:

  • Stocks – A share of ownership in a company; an equity security that entitles its owner to vote on corporate matters such as who gets elected president or treasurer
  • Bonds – A certificate showing ownership by one person (the bondholder) over another’s debt obligation; often issued by companies or governments
  • Mutual Funds – An investment fund whose shares represent fractional ownership in the fund’s net assets rather than direct ownership stakes in its underlying securities; managed by professional money managers
  • Index Funds – Funds designed to reflect (or track) changes over time in their respective market indexes without attempting any active portfolio management

Once you decide which stock type is best for you you can talk to your parents about opening a custodial account. A custodial account is an investment account set up by a parent or guardian for a minor. The parent or guardian controls the account, but the minor can withdraw money from it and make additional investments on their own.

Custodial accounts are easy to open, especially if you have the help of a financial adviser. You can invest in a variety of investment vehicles like stocks, bonds, mutual funds, and ETFs (exchange-traded funds).

Many custodial accounts also offer automatic investments that make regular purchases into an investment vehicle without having to do anything else besides setting up the automatic purchase schedule yourself. These can be helpful for young investors who don’t want to spend time researching new stocks or mutual fund options each month—just let your custodian handle it!

Your finance friend,



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Priceless Tay is where ambition meets financial finesse, and where go-getters like you come to thrive. It’s the ultimate resource inspiring the savvy go-getter to achieve their goals with confidence.

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