investment

8 Posts Back Home

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 it’s not the same. Investing is about creating wealth through the economy. It is important to remember the stock market has historically trended up. That is not to say that there were not bear markets, like the Great Depression and the Great Recession, or that we will not face bear…

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 maybe the rest of us have gotten a real-life example of what not to do that we carry with us throughout our lives. In honor of Father’s Day, we’ve rounded up 10 thoughts about money from some of our favorite TV and movie dads, and extrapolated ways that you can…

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, but many Americans simply don’t save enough of their income to begin with. Savings should be at least 10 percent, if not more. For whatever reason, and it’s not always for reasons we can control, people tend to save less. How do you know if you’ve saved enough? And what…

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 a business empire. It is important to understand that passive income is not passive right away. You usually can’t just write a check and start seeing funds come back to you outside of stock market, annuities and similar financial investments. Every passive income idea has its own pros and cons,…

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 Need Drives What You Save Many people save for retirement by just guessing what they should be saving. Many people save enough to get an employer 401(k) match, but so many don’t save at all. And just because you’re saving some doesn’t mean you’ll have enough to sustain the same…

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 could look a lot different. That is one of the most common reasons people decide to move. Few people can move right into their lifelong dream home right after college or even in their 20s. Due to closing costs, many experts suggest not buying a home unless you plan to…

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 website. You can also access the ratings at Standard & Poor’s, Fitch and Moody’s once you’ve created a free account on each of their respective websites. While no two agencies evaluate insurance companies in exactly the same manner, ratings are generally based on the following factors: Financial holdings How much a company…

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.

Navigate