Are you spending money on things you don’t need to? Even you answered no; you may want to double check. We all spend money on things without even knowing we’re doing it. Vincent King, on his post for Moneyning.com, calls these our personal finance leaks. And at the top of his list is that outdated… Read More
Don’t Wait to Invest (as reported by Trent Hamm on TheSimpleDollar.com)
A reason many people give for not investing is not knowing what to invest in–they fear making the wrong decision, getting in at the wrong time, losing their money or not making as much as they possibly can. That kind of stalling is something best avoided, according to Trent Hamm, the right time to invest… Read More
Investing for beginners (as reported by Stephanie Halligan on quizzle.com)
We’ve posted a number of times recently about the fear that many young people today have when it comes to investing. Still very distrustful of the stock market five years after the financial collapse surrounding mortgages and the housing market, many people are hesitant. But investing early is critical to building wealth over time. So… Read More
Four Retirement Tips for Millenials (as reported by Jessica Sommerfield on Moneyning.com)
One of the most important skills to learn for anyone looking to sure up their finances is how to start planning for retirement. Current trends show that young adults are worried less about retirement, because they are too focused on current fiscal needs. But retirement needs to be high on the priority list, no matter… Read More
Automate Your Savings (as reported by Kevin Mulligan on Moolanomy.com)
Saving money is an important part of financial success. It is a habit, a healthy one that must be learned for most people. But it’s not always as easy as that. For many people, it takes constant effort, and it can be easy to forget. That’s why the right option for you might be to… Read More
How to Choose the Right Investments (as reported by Trent Hamm on TheSimpleDollar.Com)
Setting up a 401k or IRA is an important step toward planning for retirement, but for many workers, it presents a challenge. That challenge, choosing between different types of investments and deciding where to put your money. Trent Hamm of The Simple Dollar tells us that there are five steps to choosing the right type… Read More
Young Americans Fear Markets (as reported by Melanie Hicken on Money.CNN.Com)
Because they have grown up in a country where the fear of unemployment is higher than ever, and because they saw many of their parents struggle after the collapse of the stock market in 2008, millennials are much less likely to trust, or utilize, the stock market to grow their wealth. And most experts say,… Read More
How To Teach Children About Investing (as reported by Aparna Narayanan with The Wall Street Journal)
At what age should we start the conversation about personal finance and investing? Investment professionals share their experience from teaching their own children. The suggestions are quite varied and easily approachable; sharing bank and investment account statements, purchasing stock to explain the concept of proportional ownership, and how to tackle more abstract ideas like inflation… Read More
Just 10% (as reported by Melanie Hicken on Money.CNN.Com)
Strive to put away at least 10% of your income towards retirement. That’s Melanie Hicken’s advice to young adults just starting their careers after college. It’s a time in life when there may be a variety of competing financial goals, and when you don’t necessarily have the life experience to know everything you need to… Read More
Avoiding Retirement’s Financial Pitfalls (as reported by Robert Powell of Finance.Yahoo.Com)
There is a lot to think about when planning for retirement. It’s important that you do your best not to make one of several simple mistakes many new retirees make. The best thing you can do is learn to live within your means. After retirement, when you no longer have an outside source of income,… Read More