Making the decision to invest is an important step to growing your wealth. But investment options vary, and it’s important to know what investment vehicles are best for your personal situation. One common investment option for people just getting started in the market are mutual funds. Why? Mutual funds are actively managed by professionals, so… Read More
AVOID COMMON 529 SAVINGS MISTAKES (AS REPORTED BY MIRANDA MARQUIT ON WWW.MONEYNING.COM)
A 529 college savings account is a special kind of investment account that allows you to save for your child’s post-secondary education expenses. Because of its tax benefits, it is one of the best ways available for parents to put money away for their kids’ college education. The money can be used for a variety… Read More
MORE AMERICANS STRUGGLING TO PAY THE RENT (AS REPORTED BY BETH BRAVERMAN ON FINANCE.YAHOO.COM)
Fewer people owning homes means more renters in the market. And when there are more renters in the market, the rental prices are driven higher. That’s exactly what’s happening in the marketplace right now. And that is leading to more and more people who are having trouble affording their rent. Rental prices rose an average… Read More
OVERCOMING THE FEAR OF INVESTING (AS REPORTED BY WILLIAM COWIE ON WWW.GETRICHSLOWLY.ORG)
Fear is one of the primary reasons why people wait too long to start investing. They fear what they don’t understand, or think that they don’t have enough money to make it worthwhile. But the sooner you get started, the faster you’ll learn, and the more time you’ll give your money to work and grow… Read More
IS DELAYING LIFE’S MAJOR MILESTONES A GOOD THING (AS REPORTED BY STEFANIE O’CONNELL ON BLOG.PERSONALCAPITAL.COM)
There is a growing trend among today’s adults, especially the younger generation of workers we refer to often as Millennials, to put off life’s major milestones longer than their parents and other previous generations. People are leaving home to live on their own later, buying homes later, getting married and having children later in life… Read More
8 TIPS TO HELP YOU GET A RAISE (AS REPORTED BY REBEKAH CURRY ON BLOG.PERSONALCAPITAL.COM)
Make more and spend less. At the end of the day, that’s what all the personal financial advice anyone can give you boils down to. If you make more money, and spend less money, your wealth will grow. You’ll be able to save and invest for the future. And while most people focus on the… Read More
A NATION OF RENTERS (AS REPORTED BY MECHELE DICKERSON ON WWW.QZ.COM)
Home-ownership is lower than it has been in the last 20 years. That’s a big deal for a country that bases a large part of its economic success on the housing market. It means that more and more Americans must resort to renting instead of owning. And that’s having negative consequences that are finally getting the… Read More
23 THINGS YOU WISH YOU DID WITH YOUR MONEY BEFORE TURNING 30 (VIA GENE GIANNOTTA OF BUSINESSPUNDIT.COM)
There seems to be a growing emphasis on the age of 30. Today’s youth is fixated on that number; the age at which true adulthood seemingly begins. For many, the start of a person’s fourth decade on the planet is marked by several key milestones. You might be in possession of a car, or a home. One… Read More
FREE FINANCIAL COACHES GIVE THE WORKING POOR A SECOND CHANCE (VIA MANDI WOODRUFF OF YAHOO FINANCE)
In a mostly volatile, and occasionally harsh economy, stringent financial planning no longer is befitting of the “ideal” label. Necessity is the name of the game, and if you are not on top of your cash flow (weekly, monthly, or annually), the consequences can be brutal. Unfortunately, such is the case for many citizens out… Read More
THE BENEFITS OF PAYING YOURSELF FIRST (VIA HOLLY JOHNSON OF GETRICHSLOWLY.ORG)
You are fresh out of school. Maybe you have been working for a few years. That entry-mid level salary may or may not be your financial ceiling at this time. Regardless, it provides you with a steady flow of income; one that brings with it peace of mind. Just be sure to pocket some of that… Read More