February 4, 2012
Personal Finance Tips to Help You Make Money
Investment advice is usually geared toward those with thousands, or at least $1,000 to invest, in addition to the standard three-to-six-months salary socked away in a savings account. While this is indeed a fantastic way to start, not all individuals have this kind of money to invest. Don’t worry, there are still great ways to [...]
What’s the difference between a Roth IRA, a Traditional IRA, and a 401K. ? This is a common question I have heard from friends and co-workers looking to start saving for their retirement. All through school we were pounded with the talks of start early and you’ll make more in the long run. Well I [...]
Sometimes finding good advice on money and savings is hard, especially on the internet. Everyone and their mother (literally) seems to have advice as to how you can get rich quick, or save a bundle and retire early. Which advice do you take? I was recently put in touch with a website called Thrifty Scot [...]
Make a commitment to changing your thoughts about money. The more you think and speak negative thoughts about money, the worse your financial situation. You attract what you believe. Conduct an experiment over the next few weeks. Pretend that your life is abundant. Believe that you are attracting money and opportunities every day. When you [...]
Here are the biggest mistakes that folks make on the road to wealth. Double check to be sure that you aren’t guilty of any of these poor judgments. Holding a 30-year Mortgage If you have a 30-year mortgage, you could spend more than $100,000 extra dollars more than those with a 15-year mortgage. Letting Someone [...]
The most solid route to wealth is by acquiring financial knowledge. Everything that you can learn about money aids in your quest for financial independence. The following books are recommended reading on your path: The McGraw-Hill 36-Hour Course in Accounting by Robert L. Dixon and Harold E. Arnett Own Your Own Corporation by Garrett Sutton [...]
CNN features a terrific article on teaching your kids the value of a dollar and a whole lot more. They remind us that children learn about money by watching us every day. Be sure to take this opportunity to model the right lessons for your child’s financial future. Here’s a quick summary: 1. Don’t say [...]