Other posts in the Financial Guidance Category

Can Being Thankful Help Your Finances?

November 21st, 2019

By now you’ve probably heard that keeping a gratitude journal can help make you happier. But can being grateful/thankful help make you richer? Perhaps. Increased Productivity Boosting your daily gratitude can actually help boost your bottom line due to increased productivity. It turns out the happier you are, the chances are you’re more inclined to

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Money Lessons with Back-to-School Shopping

September 5th, 2019

For most kids, back-to-school shopping is all about finding the perfect pencil bag or backpack. But as their parents, it’s up to you to take it up a notch and use it to teach them a few financial lessons as well: Budgeting– Work with your kids to put together a shopping list and then a

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8 Keys to Becoming Financially Independent

February 7th, 2018

Most people aspire to become financially independent, but few actually think about or take the actions necessary to reach independence. Financial independence means having sufficient financial resources to comfortably choose whether to work or not work, or perhaps work in a highly desirable job that otherwise couldn’t support your standard of living. It means being

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Understanding Averaging Strategies

August 9th, 2017

Have you ever heard of dollar-cost averaging or value averaging? It’s a strategy to avoid being exposed to price risk when making a large purchase in an actively traded security. Because if you make the investment all in one fell swoop, you might get lucky and see the price swing higher a few months after

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Tips for Easy Expense Tracking and Budgeting

August 6th, 2017

Tracking personal expenses is an important habit to cultivate for any independent adult. By tracking your expenses, you can build a budget and find ways to make sure you don’t live outside your means. However, as anyone who’s attempted to track their expenses knows, it can be overwhelming at first. Here’s a process to make

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Who Can You Trust With Your Assets When You’re Gone?

October 27th, 2016

A will isn’t the only way to transfer your assets upon your death. Trusts are a useful tool that can be used to achieve a maximum amount of control over how your assets will be distributed among your loved ones and other beneficiaries. Trusts may also reduce the amounts spent on probate court and estate

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New Financial Habits in the Post-Recession Age

October 17th, 2013

If you're like many, you've spent the past few years scrimping and saving. These are great habits to keep, even if your financial situation has improved. If you still haven’t taken those steps, you might want to think about making these changes: Restart your finances with a thorough financial plan. If you’ve lost a job or have been struggling to get control of your debt, savings or investments, plan a visit now with a Certified Financial Planner™ professional. At the meeting you can also examine spending patterns and the emotional drivers behind many of your financial decisions. If you don’t have a planner in mind, the Financial Planning Association has a website where you can search by location and specific planning issues.

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Why Your Hobby May Be Taxed

October 7th, 2013

Hobbies, such as woodworking, stamp collecting and scrapbooking, are often done for pleasure but can result in a profit. But if you're lucky enough to make money from your hobby, it may have tax implications. You must report income to the IRS from almost all sources, including hobbies.

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Millionaire Secrets to Success

September 30th, 2013

Patience and hard work aren't all you need to reach financial success. We've got some secrets from self-made millionaires to help you make your own fortune: Set some clear goals. You’ve got to dream big if you want to succeed on a large scale. Don’t be afraid of your ambitions.

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Money Don’ts

August 14th, 2013

Sometimes the difference between being eternally broke and financially comfortable is just a few simple things you shouldn’t do. Avoid these basic money mistakes: Not tracking your spending – Pay attention to where your money goes. Your credit card statement will help you do this, but don’t forget all the incidentals you pay cash for.

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