Chuck Schumer was born and raised in Brooklyn, New York in a Jewish family. He still lives in New York and it’s no wonder he likes to keep up with everything that’s related to New York.
He devoted his carrier to protection of the middle class and all of those who are working with the aim to reach middle class. This is probably because he comes from a middle class family.
Chuck Schumer is an American Harvard Law School politician who has recognized how social media plays a big role when it comes to communication and just how much social media can assist when it comes to creation, spreading and exchange of political content on different platforms.
He likes to say that the main part of his job is to make sure government works for all the New Yorkers. He was the leading sponsor of the Violence against Women Act, which combats sexual assaults and domestic violence against women.
He doesn’t think it matters if the problem is safety, global warming, local taxes or development of tourism or new jobs, as long as his work can help improve lives of individuals and the community.
He even announced a major plan with the goal to make New York carbon free before 2050. Seeing how good of a job he is doing as a politician, it can come as a bit of a surprise that his original plan had no connections to law or politics.
He wanted to be a basketball player, but everything changed when his friend died in Vietnam. Because of his strong beliefs against the war in Vietnam he joined Harvard’s young Democrats. As a young activist he became aware of the fact that ordinary people can bring change, through petitions and protests, and it drew him to start engaging in politics.
Chuck Schumer loves spending time with people, he constantly travels around New York and he is the only New York senator who visits all 62 New York’s counties. He started engaging in politics in 1974. as a member of the Democratic Party in the New York State Assembly, where he was re-elected eight times. This shows just how well he handled himself as a politician. Politics is overall an “expensive sport” so donations are somewhat of essential.
Chuck Schumer managed to secure donations from many top law firms from the Wall Street. When it comes to donations, politicians can find themselves in a tricky situation very often if donations come from not-quite-moral people. This kind of a mistake can ruin a career of a good politician in seconds. That awkward situation happened to Chuck Schumer too. Jeffrey Epstein who was accused of being a sex trafficker donated about $7000 to Chuck Schumer campaigns between 1992 and 1997.
He wasn’t the only politician who got donation from Epstein, many other politicians also got donation from him, but he was the only one who felt the moral obligation towards the victims of sex trafficking, That is why he donated far more of his own money to anti-sex trafficking and anti-violence against women groups. He fought for the designation that will provide law enforcement towards additional human resources, to prevent trafficking.
As a politician Chuck Schumer dedicated to ensure that America lives up to the ideals of freedom, justice and equality for everyone.
When it comes to business, Chuck Schumer is one of a few politicians who successfully managed to gather more donations comparing to any other average Senator for their campaigns. Most of Schumer’s worth comes from his salary, but also with his cleverly investments during the past decades. Nowadays, his annual salary is $193,400. And his estimated net worth is $900 thousands.
Even with this kind of net worth he still invests and makes financial plans for his future. He mostly invests in insurance and real estate. He invested a portion of his money in credit unions, since credit unions tend to offer lower fees in comparison to banks. Credit unions are member-owned, which is why they are the smart choice if you want to save some money.
Another smart choice for investments is private pension insurance, at least according to Chuck Schumer, because he also invested a great deal of his savings in this type of insurance, to make sure he has a secure future. Pension insurance can be a good choice for people who need a more flexible option because they allow you to vary the amount you pay and you chose when you want to make your payments.
But before you invest it would be wise to get some proper advice from an independent financial adviser. Since any Member of Congress receives a pension, they do not have to make a backup plan, but Chuck Schumer did it anyway.
There are a lot of smart decisions you can pick up from a smart man like him. This doesn’t just apply to big investments, even when you are planning a trip, or want to buy a new car or fridge; you need to have certain information in order to make the best decision. The same applies for investing in savings, stocks or mutual funds.
Knowledge helps us make a “smarter” investment decision. Your preferences, opportunities and goals determine how you invest and choose the type of fund you are investing in. But still, many of us think that we do not have enough money and that we can’t afford to put some away. Perhaps, all of us should think a bit more about the future and about the time you won’t be able to work anymore.
But before you make any investments, you should always keep in mind that if you are not sure that you understand everything you need to know about some financial product (e.g. bank savings, private pension, mutual funds, insurance, etc.), you should explore and research, ask questions, look for real-life examples until you understand it, and invest your money only when you understand all of the disadvantages and benefits. So, be smart and invest smart.
