Setting a clear, defined budget for your household is critical for keeping expenses in check. But what if your spouse is a big spender?
If you’ve ever looked for a job on Craigslist, you’ve seen those work-from-home scams far too many times. “Work from home for 4 hours a day! $2500 per week!”. If it sounds too good to be true, it is.
Achieving your long-term financial goals takes discipline and focus. It takes identifying a strategy and sticking to it. It takes ignoring the distractions and market buzz swirling around you and keeping your eye on the horizon.
When there are all kinds of advice and predictions hitting you from every direction, it can be difficult to stay the course and keep your investment strategy in place.
However, wealth creation always has been and still is a process grounded in sound principles and practices that, when applied with discipline and patience, is possible for most people who can understand and embrace the keys to building wealth.
While there’s little you can do to prevent a major data breach that might expose your sensitive records, there’s plenty you can do to fortify your own records and reduce or eliminate the opportunities for identity thieves to turn your life upside down. Your own vigilance is your first and last line of defense, and it can be heightened by incorporating very specific identity theft prevention measures into your daily routines.
You should expect your financial advisor to have in place a clearly defined process for working with you to develop and implement your investment strategy. You know you’ve found the right financial advisor when that process includes, at a minimum, these five elements...
When it comes to finances and investment decisions, many people are not wired to be able to make decisions dispassionately, without emotions clouding their reasoning; and that’s when people tend to make the most behavioral mistakes with their financial decisions. Understanding these behavioral mistakes and how to avoid them is crucial to achieving financial security.
A recent survey indicates that an increasing number of high net worth investors are willing to pay for solid, unbiased, fee-only investment advice, which is not surprising considering the challenges of today’s markets. What is surprising is that there are still some investors who would rather go it alone, thinking they can do better on their own, or that investment advice is not worth the cost, or both.
Young families with an eye to the future are faced with a daunting choice – to save earnestly for a secure retirement or to save for their children’s education. Can you do both?