Financial Planning Keeps You & Your Money Together. Forever.
Assembled in this section are ideas on financial planning. In other words, how can we make our money stick around for as long as possible.
Even though none of us plan on ever getting old, what do we do about retirement? Some of us have a 401K. How do we make the most out of it? Are we in debt? How do we get rid of it? What’s the best way to save money? How can I get rich?
Having money is akin to a good relationship. Now that you found it, how do you to keep it? We'll discuss ways to help financially plan for the long term.
Debt. People approach this four letter word in different ways. A common solution is to just ignore it. Pay the minimum balance and it'll go away. It will. In about 35 years and it'll be twice as much. Credit card companies hope you'll take that solution too. There's no easy way out. Bite the bullet and pay it down.
If you're in over your head...ergo...there's just no way in heck you can meet those bill payments, don't freak....and don't play the market either. Check out this site before it gets worse.
Debt settlement. Read what they do. It beats bankruptcy any day.
Is there a way to budget our spending? Authors of the book All Your Worth Elizabeth Warren and Amelia Warren Tyagi suggest there is. Here's their recommendation for keeping your expenses in order.
Divide your expenses into three areas:
• Must have- Rent, food, phone bill, debt. The expenses you need to actually exist in this world. Set aside 50%.
• Your savings- Set aside 20%.
• Your wants- Luxuries you indulge in for fun. Movies, hobbies, alcohol etc… Set aside 30%.
Need some more guidance? Look up David Bach. Yes I'm serious. He's good.
Want to start your own business? Great. We'll talk about ideas to get started. Thought this site was only about trading stocks? It's noy. Thankfully, stocks aren't the only way to make money.
Retirement. In the unlikely event you should get old, how much do you need to live comfortably. Many of us struggle with the notion of putting money away for later. The money we put away for retirement has extra advantages. Compounding interest with a tax-free status can work wonders. Especially in 20 years.
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This section contains advice on making your money last and making your money grow. It goes without saying, the earlier you start, the more you'll end up with.
“Investing is an act of faith, a willingness to postpone present consumption and save for the future.” - John C. Bogle
Financial planning. Mutual funds. Retirement. Entrepreneurship. 401K. IRA. I don’t know about you, but I’m psyched!
Boooh-Yaaaah (did I spell that right?).
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