Many people feel that financial planning is a large complex process that costs a lot of money. The truth is that financial planning is any planning you do to grow or conserve your wealth. This can be anything from a decision to save, to a complex formal document that analyzes every aspect of your finances.
To develop [...]
Budgeting doesn’t have to be rocket science. The basic principle of making a budget is to record how much money you have coming in for the month. From that you subtract expenses for the month. First subtract necessary expenses (rent, mortgage, car payments, insurance, food, etc). Once you subtract the necessary expenses, the remaining amount can [...]
There is such a thing as a budget that you can stick to. There are a few secrets to setting up a budget you can actually follow. First, remember this simple budgeting rule: Spend less money than you make.
Every budget starts with examining your spending habits and determining exactly where your money goes on a day-to-day basis. [...]
No matter your age you need to ensure that you are saving and investing your money if you are going to achieve financial independence.
It’s important though to know the difference between the two. The terms saving and investing are often used interchangeably, yet they are distinctly different and usually serve different purposes.
Saving is short-term— within [...]
In June the nation’s unemployment rate climbed to 9.5 percent, a 26-year high. According to a report released Wednesday, federal policymakers now believe that the unemployment rate will rise to between 9.8 and 10.1 percent in 2009 before declining slightly next year. (Source: International Business Times).
Due to these tough economic times, it’s important to first keep [...]
Recent news reports indicate that Governor Sarah Palin’s resignation is a result of her money and debt problems, an attempt to generate income. Did we really need Levi Johnston to tell us that the reason Sarah Palin resigned as Governor of Alaska is so she could cash in on her celebrity? Really?
It just makes sense. Whether [...]
In the midst of our rush to earn money, our scramble to save for retirement, our focus on frugality, it’s easy to lose sight of why we’re doing this. What is the goal? What is it we’re trying to do? For many, the answer is to achieve Financial Independence.
What is Financial Independence? Why is it a worthy goal? To [...]
The real cause of the debt problems and whatever financial burdens you’re bearing at present can be traced back to you, mainly because you’ve failed to come up with a household budget plan.
The truth of the matter is, there’s really nothing complicated with making a household budget plan. There’s no requirement for you to use [...]
Did you ever wonder what someone dying really means? How many people are actually worth more after their death? In the case of Michael Jackson, his death will make him an even bigger star. The King of Pop’s death is likely to yield a financial bonanza more lucrative than any comeback tour ever could.
During his [...]
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Make no mistake about it, filing for bankruptcy is an extreme move, not a quick fix. It’s a long, painful process with a huge stigma, and you’re unlikely to be able to get any kind of credit for ten years afterwards. Yet bankruptcies are on the rise. More and more people seem to be using [...]
