We discussed Why is an Emergency Fund Important, but do you wonder when we you are already stretched so thin, how can we possibly find money to create 3-6 months of savings? Here are 8 ways that you could find money to build an emergency fund: Create a budget to find out how much you [...]
Financial planners recommend saving 3-6 months of living expenses for an “emergency fund.” An emergency fund should be exactly that, for emergencies only. It should not be a savings account that you tap into when you find a great suit, beautiful dress, or need some extra spending money for a vacation. So What is an [...]
I have a confession to make. I recently made one of my worst financial mistakes. As evident of the below, I broke some of my own money rules, and did an incredibly stupid thing at the end of 2007. Well, it wouldn’t have been such a bad move if I hadn’t become so greedy. My [...]
Building wealth is really pretty simple. Spend less than you make, regularly invest the money you save, reinvest your profits and let compound interest build your wealth for you. Why then are Americans so unprepared for retirement and deeply in debt? Here are 15 common money pitfalls to avoid becoming another case study: Ignoring Your [...]
It seems you cannot read the news without hearing more bad news about the stock market and US economy. The dollar is reaching all time lows daily, the real estate market has no signs of near-term hope, oil is nearing $100 a barrel, the stock market is questionable, financial institutions are hitting 52-week lows, and [...]
Unfortunate things happen to everyone, which can put you in very difficult situation. No matter how secure you may feel your job is, anything could happen to quickly change your situation. New management, the merger or acquisition of your company, or personal and economic challenges, such as illnesses or disability, can all impact your income [...]
So you are a young person with some extra cash and you want to start accumulating wealth. Congratulations! The sooner you start to build your wealth, the sooner you will be able to become financially free. Let’s say you have a $500 – $1,000 to invest and need know the best investment vehicle for you. [...]
Did you recently receive or are you expecting a raise and dreaming about how much extra cash you will have to burn? Pay increases have a strange way of not really changing people’s financial situation at all. If you are a saver, you will save a little more with your raise. If you allow your [...]
