investment

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Maximize Your Money With Smart Investments

A penny saved is a penny earned, right? Savings is important piece of your financial wellbeing, but to really maximize your money—or even just keep pace with inflation—you also need to invest. During periods of stock market volatility, though, investing can be difficult to embrace. Understanding the basic history of the stock market, as well as different investment strategies can help boost your peace of mind as you look to invest even during periods of market volatility. What Investors Should Keep in Mind Though some people choose not to invest because they feel it’s a gamble, the real scoop is…

10 Thoughts About Money From Favorite TV and Movie Dads

For better or for worse, many of our attitudes about money come from our parents. And no matter their financial situation, profession, age, or number of kids, dads around the world have managed to spout the same cliché “dad-isms” about money to their families: “Money doesn’t grow on trees.” “Do you think I’m made of money?” “The barcode isn’t scanning? I think that means it’s free!” “You get what you pay for.” “Dad, I’m broke.” “Hi Broke, I’m Dad!” Of course, the luckiest of us have gotten some real pearls of financial wisdom passed down from our fathers … and…

What You Should Think About When Thinking About Retiring

A Gallup Poll in 2016 reported that nearly two-thirds of Americans worried they did not have enough money for retirement. With other polls showing the retirement age is rising and more data showing Americans should expect to retire even later in life than previous generations, what effect does that have on your future plans? Check Your Savings and Create a Budget It seems to be an obvious first question: Do you have enough money socked away in savings? A majority of pre-retirees probably don’t have enough in savings if they wanted to quit working tomorrow. Life expectancies are growing, yes,…

Passive Income: How it Works and How to Make it Work for You

What is passive income? Passive income is a strategy of using personal finance and other resources to generate a long-term, recurring income with little or no work. Many people around the world dream of making money when they are asleep, but to a large number of those interested in passive income, it is a pipedream with no tangible results. The Passive Income Strategy Passive income is a long-term strategy to help generate income for everything from covering the bills to early retirement. You can use the proceeds however you want. Maybe you reinvest to build your passive income project into…

Estimate Your Income in Retirement Annually

Few people want to work forever, which means you will need savings. While every American is already saving some thanks to Social Security, you’ll likely need more if you want to maintain the same standard of living in retirement you enjoy today. And if you want to have a dream retirement, you’ll definitely need to make sure you save enough while you’re working to reach your goals. Start by estimating what you need and working backward to a savings rate. If that seems tricky, follow along with this guide and you’ll be on track to a great retirement. What You…

Moving to “Level Up” Your Real Estate and Finances

In real estate, there is a concept known as a “starter home.” A starter home is a lower cost home that works great for current needs, but may not be a perfect fit for the long-run. While moving is expensive and can be quite a hassle, it can help you level up your real estate and personal finances at the same time. Needs Change Over Time When you move into your first home, you may not have kids, you may not have a dog and you may not have a significant other. But fast forward a few years and life…

Life Insurance Companies Ratings

Life insurance can be a decades-long investment, which is why it pays to thoroughly research your options before deciding on a company. Fortunately, all the major life insurance companies have financial strength ratings, which estimate how likely an insurer is to pay its claims. However, not all ratings are created equal. Here are four things you need to know about life insurance company ratings before you decide on a life insurance company. Know the Players The primary rating agencies are A.M. Best, Standard & Poor’s, Fitch and Moody’s. Anyone can access A.M. Best’s financial strength ratings by searching the company’s…

May is National Commitment Month

Wedding VowThe month of the May is National Commitment Month. What does that mean? Isn’t the whole point of being “committed” that you don’t have to worry about being “wishy-washy” or unsure of something? You commit yourself to a relationship because you and your partner want clarification of the status of your togetherness. You commit yourself to purchasing a home because you want to officially live there. These are good points, and to be fair, the act of deciding whether or not you want to invest your time in something is critical. We are glad that you make conscious decisions to carry out a task. We make choices to dedicate ourselves to a cause, which is important, but what we often neglect is the act of re-confirming our commitments and measuring the successes of them.

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