Everybody wants to be a millionaire who can work half the weekend and lounge on the beach for the rest of the time. Most of us are not actually millionaires. We spend most of our time wondering how millionaires made all of their money. The good news is becoming a millionaire is not completely out of reach. You have to work hard and stay the course if you really want to have more money than you can imagine. Continue reading this article to find out all the ways that millionaires earn and maintain their riches.
Read MoreYou have probably heard about cryptocurrency, but you may not have fully understood what cryptocurrency is all about or how it really works. If that describes your experience with cryptocurrency, then you're in the right place. I would have personally greatly benefited from a cryptocurrency for dummies guide, but unfortunately, there wasn't one out there. So now that I have gained some knowledge in this elusive topic, I am going to share the basics about cryptocurrency with you here. Just think of this as a cryptocurrency for dummies -- who aren't dummies.
Read MoreBuilding wealth takes money handling skills and one way to develop those is to learn about the various methods of savings and investment. While it may be tempting to attempt short cuts like playing long-shot stocks, the sure-fire way to build wealth remains investing in a way that pays a specific return of a minimum yield, hence the popularity of money market accounts, certificates of deposit (CD), and life insurance policies with a cash value account component.
Read MoreNo matter how you look at it, it is unlikely you can survive today without some type of bank account. While you may know that you need to have a bank account, you may not truly understand how they work, especially when it comes to routing numbers. You may not even realize there is such a thing, but it is incredibly important information. Continue reading to find out more details about the routing number overview.
Read MorePretty much everybody wants to know how to make money. If they can easily make money, even better. You can turn your change into savings, then grow that savings quickly by using a combination of micro-saving and micro and robo-investing.
Read MoreWhen it comes to managing money, there is a lot to think about and we always have a lot of questions. If I have learned anything it’s that there is no one size fits all answer. However, there are some basic principles that we should all try to live by.
One of these principles is to save money, and the safest way to do that is through a savings account. While other investments may be a smart idea, we are going to discuss the benefits of opening up a savings account so you can fully understand your options.
Read MoreA certificate of deposit (CD) is one of the many financial management tools that is a low-risk investment and has many benefits. Just like a savings account, CDs also allow you to earn interest, are FDIC insured, and there are different options to choose. A CD will usually have higher interest rates than most savings accounts but those rates do change often.
With so many benefits of CDs, it can seem like a no-brainer to get one. However, there are some things you should know before getting a CD.
Read MoreSaving money is something we all think about doing, but do not seem to spend enough time doing it. For those of you that have your lives together and this adulting thing is no sweat for you, this may not be the article for you. For the rest of you, me included, keep on reading to find out more about saving. The first step to saving is to open a savings account.
Read MoreFinding the best CD rates is just one of the many things you can do to save money and get some money handling skills. The best CD rates can usually be found at credit unions and online banks. If you don’t need immediate access to your money then a high yield CD can be a good way to build savings.
With rates on the rise for a six month or just a year-long CD, this could be a better option than some longer term CDs. With this, you will be able to access your money in months and then even reinvest it into higher rates.
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