You’ve heard the cliches: A penny saved is a penny earned. The love of money is the root of all evil. Unless you were born with a silver spoon in your mouth, you’d better bring home the bacon or you won’t have two nickels to rub together. Mo’ money, mo’ problems.
Read MoreThinking about a time when you may not be able to make decisions about or handle your own affairs can be scary. However, it is something we all should think about, even though it might not be pleasant.
A power of attorney is great to protect yourself and your assets just in case the unexpected happens. There are some differences with each of the power of attorney documents. It may not seem like a big deal, but choosing the right one is important. Continue reading this article to find out which one is right for you.
Read MoreIt may seem unlikely that you suddenly have $100,000 in your bank account but windfalls could happen. You may sell your larger home in order to downsize, sell your small business, or get an inheritance. You may have also built up some wealth after years of hard work and now want to put those savings to good use. If you want to learn how to invest 100K, you should be in good financial standing and know how to handle money.
Read MoreAl Gore’s net worth was not always what it is today. He was a millionaire with a net worth of $1.7 million, but he was not a multimillionaire…yet. Here is his story and how he turned less than $2 million into a net worth of over $300 million.
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 MoreEverybody talks about how to build passive income now. Its popularity as a buzz word began with “The Four-Hour Work Week.” Do you really know what it means though?
Some people think it refers to a magical way to make money without any work. Nope. Whether you choose developing a product, entering affiliate marketing, creating an investment portfolio or one of the plethora of other methods, you still have to work. The idea behind wanting to and succeeding to build passive income rests in its work stages.
Investing in stock can be a tricky undertaking. Stock has long been thought of something you should not do if you do not understand the nuances of stock trading. Things have changed over the years when it comes to stocks and day trading. If you are in a position where you are considering trading stock, then you may be ready to take the plunge into investing.
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.
Read MoreSaving money often proves to be difficult for some people. I completely understand. I admit, saving money, while I do it, is not the highest on my priority list. It should be higher, I know. It is something I struggle to do. To me, it is a balance between having what I want now versus saving money for a future that may never come.
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