Everyone has different ideas about how to spend money wisely. Some like to invest and save, while others have a habit of spending too much.
"Living stingy" means something different to everyone. If you're already pretty frugal, living stingy could mean cutting back on some groceries, or attempting to cut back the electric bill. If you're used to living the life of luxury, living stingy could mean eliminating going out to dinner or buying a car with a lower monthly payment (or no payment).
Greetings Achieving Financial Awesomeness blog readers and welcome to our Leading to Success Interview Series where we learn more about the habits and strategies that have led individuals to become successful in both their professional and personal lives. And, most importantly, how you can implement these into your own life.
Today, we sit down with actress Giovannie Espiritu to learn more about her journey and how she got to where she is today. Currently, she stars in Dyke Central on Amazon Prime and plays Jackie in the thriller movie D-Railed.
When the stock market takes a sudden turn downward, it can be easy to get worried about your investments. Market turmoil can cause even seasoned investors to take pause. Watching the value of your investments go down can certainly be disheartening.
In fact, a 2018 study found that Americans are more stressed by money issues than by personal relationships or work. Stock market volatility is nothing new so finding the best way to cope with the swings will help give you peace of mind. Getting your finances in order will help you weather the inevitable ups and downs of your investment portfolio.
When it comes to investing, putting money into stocks is one of the best options for the long term. However, as you can imagine, trading in the market can be complicated and somewhat confusing for first-timers. Fortunately, there are tons of resources on the subject, so getting started is all about doing a bit of research.
We’ve compiled a list of five great value investing books worth a read. Whether you’re brand new to the world of stocks and investing or just want to polish your knowledge, each of these books is going to help.
According to a recent study, over two-thirds of Americans (69 percent) have less than $1,000 saved in a bank account. This statistic is troubling for many reasons, particularly when it comes to having an emergency fund or saving for retirement.
If you’re one of these individuals, you may be struggling with the idea of saving money. However, what if you could stash up to $5,000 within a year? It might seem far-fetched right now, but it is possible. We’re going to show you how.
Not everyone wants to spend the next 30 years paying a mortgage. Most of us want the wprivilege that comes with homeownership but feel it’s a lot to have to carry for so long.
Wouldn’t it be great to be a homeowner and not have to carry the burden of a 30-year mortgage for, well, 30 years? What if you’re pretty close to retirement but still foresee a lengthy mortgage payment in your future?
If you’re like most Americans, you have a substantial amount of debt. Unfortunately, accruing debt is all too easy in modern society, which means that it’s incredibly difficult for some people to get on top of their money and take back control.
However, just because it’s challenging doesn’t mean it’s impossible. As long as you’re willing to fight the good fight and make some significant changes to your lifestyle, you can learn how to dominate debt.
The newest version of the iPhone just came out, and it seems like all of your friends are getting it. The latest console has just been unveiled, and your buddies were some of the first to buy it. Does this sound familiar?
These days, it seems like more and more people are participating in “conspicuous consumption.” Back in the ‘50s, this was referred to as “keeping up with the Joneses.” The Joneses were a well-to-do family that always had the latest appliances and vehicles, and they forced everyone on the block to catch up to their level.
For many of us in life, regardless of what it might be, we typically try to figure how to do things by ourselves. It could be fixing the car, something around the house, or as we’ll be covering here, managing your own investments and finances.
At some point in our life, though, lack of time and knowledge becomes an issue. Most of us can figure out the basics of investing and financial planning, but eventually, you simply don’t know what you don’t know if it’s not your profession.
According to the American Research Group Inc., the average American intends to spend $992 this holiday season. For some, this could end up breaking the bank if they’re not careful. With all of the pressure to spend during the holidays, it’s easy to go into debt. If you want to avoid debt this season, here are a few tips to survive the holidays debt-free.
Review your monthly budget and determine what you can truly afford this season. Don’t stretch yourself too thin and allow some wiggle room for unexpected expenses.
If you’re approaching retirement and looking for ways to beef up your monthly income, there are many strategies to consider. You could pick up part-time work or start a side hustle like tutoring or delivering groceries. Or, you could just rent out your home or part of your home for cash and travel the world.
If you think that final suggestion is intriguing, you’re not alone. Thanks to technology brought to use by companies like Airbnb and VRBO.com, it’s more common than ever for senior citizens or anyone approaching retirement to use their home as an income-producing asset so they can do…well….whatever they want.
For some people, managing money can be challenging. It can seem like a struggle to maintain your finances when life happens, whether it’s an unexpected repair or a debt that never seems to go away.
However, keeping your money under control is imperative, especially as you get older. Even if retirement is still a couple of decades away, it’s never too soon to take charge and make adjustments to ensure that you’re financially stable now and in the future.
Student loan debt in the United States is over one trillion dollars and growing. Millions of people are carrying the burden of student loans. Many still can’t see the light at the end of the tunnel when it comes to paying them off.
Paying off your student loans can be difficult. With high interest rates and different rules than other types of loans, student loans are a tricky business. For those that want to be done with them at last, we have some great tips for paying off your student loans in less than five years.
There are many reasons why you may want to determine how much your business is worth.
You may be approached by a proposed buyer. You may want to sell and invest the money for your retirement. You may want to know it for insurance purposes.
If you are retired or getting close to retirement, chances are you are familiar with budgeting. There are many techniques for budgeting out there, but the basic idea is to balance your income and expenses. One way to do this is to think about your expenses as percentages.
Budget percentages, as made popular by radio personality Dave Ramsey, help you understand where your money is going. The goal is simple: keep your expenses in each category within a certain percentage of your income. Most people who follow this method adhere to 10 common categories.
The business world uses the term 401(k) often. Many employers offer their employees these retirement accounts as a benefit to working there.
Some employers even offer 401(k) matching. This benefit is exactly as it sounds. An employer matches the amount of money that you contribute to your 401(k). So, you put money into your 401(k), and then your employer does the same.
If a business wants to hire and retain top-performing employees, it needs to offer substantial benefits. While options like healthcare and paid time off are enticing, nothing is quite as appealing as tax breaks. High-earning workers typically want to save as much money on taxes as possible while maintaining investment opportunities.
Fortunately, that’s accomplished through deferred compensation plans. These plans can come in many forms and offer specific advantages (and potential disadvantages). This article will dive into how these plans work and why they can be so attractive.
Not everyone can qualify for a traditional life insurance policy. Depending on your health and lifestyle, an insurance underwriter might be reluctant to approve your application for a policy.
If you have only applied to a company or two, don’t give up on a traditional life insurance policy yet. Every company has different standards that they follow, and something that disqualifies you from one might not disqualify you from another.
Retirement should be fun, and make life a bit more simple. You shouldn’t be struggling to live off of the money you have.
How do you expect to get by after retiring? You may only rely on a small income from your social security.
Only 32% of Americans are investing in 401(k) plans. Even though 59% of American companies offer these plans to their employees, many U.S. citizens opt out of one. If you work for a company that offers a 401(k), it is in your best interest to sign-up, especially if you want to live comfortably after you retire.
While having a 401(k) is a great investment, people go through rough patches and need additional financial support to help pay for expensive situations. If you have a 401(k), you can get a loan to help you with your finances. Before applying, we want you to know how much a 401(k) loan will actually cost you.
