Estate planning is something you should get into if you haven't yet done so. You'll want to ensure that your home and your other assets get distributed in a way that makes life much easier for your loved ones after you're gone.
Today we're going to talk about the revocable living trust and why it might be the best path for you to take in your estate planning journey.
Read MoreYou’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 MoreMillennial readers may not give much thought to trusts or trust funds unless you receive one at 18, 21, or 25, the most common ages for receiving money from a trust set up by your parents or grandparents. You need to think about it though whether you would receive money or leave it to someone.
In fact, among the many types of trust accounts that exist, you can even set one up to provide for a family member or organization, or another individual while you both live. Keep reading to learn more.
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 MoreWealth, like speed, or musical talent, or strength, or size, or pretty much anything else is almost always relative. What one person drops in the snow without noticing might make another feel rich beyond their wildest dreams to find. I’m not sure it’s realistically possible to quantify what counts as “wealthy.”
However, here are FOUR ways I think we could more usefully measure wealth. You choose the one or the combination more useful to you and do with it as you see fit. Then, if it turns out we can help with any or all of it, just let us know.
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.
Read MoreMany of you may not even have a savings account in which to save money. You cannot even begin to save money if you do not have a place to put it. Unless, of course, you are saving money in envelopes at home. Do not laugh, I know people who do it and that system works really well for them. It is probably not the best system for everyone.
Since I do not recommend that for you, in this article, I am going to give you some helpful information about online saving accounts. This can be your go-to guide for savings.
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