Read This Before You Dive Into Day-Trading
Like with the idea of hitting the jackpot or striking gold, it’s easy to fall in love with the idea ofgetting rich quick through the stock market. The truth is, though, that very few people make a profit day trading, and even fewer can retire from it. In fact, people are more likely to lose […]
Understanding and Opening an IRA
While there are several financial vehicles for saving money, few will benefit the investor,especially those with a retirement focus, more than an individual retirement account. IRAs are incredible tools for retirement savings, but only for the right individual. It is necessary tounderstand the account before deciding to open it.IRA BasicsAn IRA account allows the investor […]
5 Real Ways To Make Money Online After Retirement
Retirement does not eliminate the need for extra money or to find purpose. People need to find motivation and reason to get up in the morning, especially when a job no longer plays a role. You are still useful, and there is no reason that society would not benefit from your years on this planet. […]
What Type of Stock Should You Buy Right Now?
If you think the stock market is only for gamblers and slick, Gordon Gekko types, think again.There are a variety of ways that even the most fiscally conservative among us can invest ourhard-earned cash without worrying about taking out a second mortgage. Here are five categories of stock into which I’ve sunk money at some […]
Should You Get a Loan or a Line of Credit?
How To Decide What are lines of credit? When are loans a good choice? Let me share some of the experience I’ve accrued over the years as a small business owner and successful entrepreneur.Loans Versus Lines of CreditEven though your goal is the same with both options — to have capital for business expenses — […]
10 Ways To Avoid Paying Banking Fees
As retired people, it is necessary to save as much money as possible to ensure that life canremain relaxed and uncomplicated. Banking fees are an easy way to blow through your savings without realizing it. Therefore, focus on the following ten strategies to reduce the risk of high costs in the future.1. Keep Money In […]
Track Your Net Worth With These Simple Steps
If you want a readily available snapshot of your overall financial outlook, get into the habit oftracking your net worth. This number represents the value of your current assets minus yourcurrent debts. Knowing your net worth gives you a bird’s-eye view of your economic health and provides insight about how you can improve. When your […]
How Much Money Should I Have in an Emergency Fund?
When you have an emergency fund, you can avoid using costly credit cards to pay for unexpected expenses. An emergency fund provides ready cash for car repairs, home fixes and medical needs. If you lose your job, you can rely on your savings to cover your bills while you find a new position. Determining how […]