Do you want to become rich beyond your wildest dreams? The question may seem right out of a late-night infomercial — unless you consider the only stragegy that may actually help you achieve that: Act poor.
A checklist is not the same as a to-do list. It’s a list of steps to be done in sequence in a particular recurring situation. A good checklist gets used over and over and is refined to the most important steps. Can checklists help us avoid preventable financial mistakes?
Have you ever put an old chestnut like “save more” or “spend less” on your list of New Year’s resolutions? I’ve done it, too, with results undetectable by the most precise financial calculator. Instead, here’s a top ten list (in traditional David Letterman order) of concrete financial resolutions you can actually accomplish.
Today I’m going to show you how to generate an extra $200/month, which you can use for savings, investments, or even spend it on something you love. But I’m going to challenge you to put aside some assumptions: Myth #1:...
Every year it’s the same old story. You start with the best of intentions but somehow never manage to fulfill your New Year’s Resolutions. Perhaps you don’t even know how to get started. When it comes to getting your financial house in order, it’s even more important that you start now, so that you can meet specific deadlines that occur throughout the year. Follow this handy action plan in order to set New Year’s Financial Resolutions you can actually keep.
If you’ve been contributing to a 401k and socking away money for retirement, you probably think you have enough. But you’d better brace yourself for the shocking truth. Unless you’ve taken into account how old you were when you started on your retirement plan, you most likely don’t.
In the past ten years, debt levels for college graduates have more than doubled. One of the main factors contributing to this rise is the decrease in public money available for colleges. As state and local budgets tighten in the wake of the financial crisis, colleges and universities often lose a portion of their funding, and this shortfall is passed on to students, who with their parents must bridge the gap with larger and larger loans.
You’ve started a new job so its time to say good riddance to an overbearing boss, long hours, low pay and high stress. But don’t leave your 401k behind. Roll it over to get more control over fees, investment options and how much money you’ll have for retirement.
After the recent market meltdown and subsequent federal bailouts, public confidence in the US economy is on the wane. Sure, if you’ve got less than $100,000 in a deposit account, you are covered by federal insurance. But the obvious next question is, “what if the FDIC goes broke?”.