Does this generation have a unique financial perspective because of how they were raised? Find out here.
Know someone who’s getting ready to buy a home? They might be interested in these mortgage insights.
Learn more here.
Do you have a few hundred dollars to spare? Want to make the most of it? Here are a few smart (and fun) ideas.
Maybe you received a bonus at work, got lucky on a scratch-off lottery ticket or—unlike many disappointed taxpayers this season—you scored a sizable tax refund. If you have a grand to spare, we have recommendations on ways to spend it, including buying travel upgrades, creating a smarter home, making a difference for local schoolkids and much more.
Learn more here.
For 2019, why not try something different by replacing that all-too-familiar promise to trim the waistline with a commitment to get your bottom line in shape.
Do you remember when you were young and would just close your eyes really tight so you could ignore something bad until it went away? That approach doesn’t work as a grown-up. Open your eyes and let 2019 be the year you sit down with a financial professional to get a detailed overview of your entire financial situation and what can be done to improve it.
Here are 19 ideas for a financially fit 2019.
Deciding when to let your children stand on their own can be tough, especially when they’re contending with student loans, underpaying jobs, or sky-high rents. But easing your kid’s entry into adulthood could be undermining your own financial security.
According to a December survey from CreditCards.com, three-quarters of parents are providing financial support for their adult kids.
But at a time when the majority of Americans haven’t socked away nearly enough for retirement—the median retirement savings for all working families in the US is just $5,000, according to the Economic Policy Institute—it makes sense to do a little less for our offspring, so we can think a little more about ourselves.
So, how do you figure out when and how to cut your kids off financially? Learn more below.
Basing your spending off how your friends spend their money is a huge mistake to make. Large spenders may also be building crippling debt.
You won’t find a real answer to how you’re doing in a Federal Reserve survey or a social media feed. You will find it by measuring yourself against rules of thumb, refined over decades and endorsed by financial pros that point the way toward true financial health.
Start with these:
Midlife is filled with challenges and opportunities. Yes, you might be in the thick of paying for college, but soon all those other costs that come with kids should be behind you—or so you hope. You’re also likely in your peak earning years and when you’re making the most is also when you should squirrel away the most.
Some 40% of successful savers—those who built nest eggs equivalent to 10 times pay—did so by saving 15% or more of their incomes for at least 10 years. Here’s how…
It sounds simple enough: Make an investment adviser put the interests of his or her clients ahead of his own. But the rollout of the so-called fiduciary rule, approved by the Department of Labor during the Obama administration, continues to be delayed, as it faces fierce opposition from the financial industry. For author and business strategist Tony Robbins, this lack of regulation around investment advice can be “disgusting.”
Learn more about this disgusting financial practice here.
Becoming rich is nothing more than a matter of committing and sticking to a systematic savings and investment plan.
If you want to get rich, start investing- and start as early as you possibly can.
To illustrate the simplicity of building wealth over time, Bach created a chart detailing how much money you need to set aside each day, month, or year in order to have $1 million saved by the time you’re 65.
Next time you consider running to Starbucks for a $4 latte, think about this chart and consider redirecting that coffee cash to your savings. Check it out here.
Most millionaires aren’t driving Lamborghinis and eating caviar. They’re driving reliable used cars and eating mashed potatoes and meatloaf. Millionaires aren’t wealthy because they’re lucky. They’re wealthy because they follow simple money habits year after year.
Click HERE to learn more about Dave Ramsey’s 6 Surprising Habits of Millionaires.
Horizons Wealth Management provides Fee-Only financial services customized to meet each client’s unique needs. The result is unbiased financial advice from professionals who are committed to acting as a fiduciary in a client-centered relationship. We analyze all aspects of your finances to design a roadmap to help you reach your financial goals and provide you with peace of mind.