To build financial wealth, you first have to understand what assets are and how to accumulate them. Certain types of assets have a certain value. Some are more valuable than others. To have a positive net worth means your assets are greater than your liabilities (debts). So let’s review the types of assets you need to build wealth and achieve your long term financial goals.
Read MoreYou will not reach your goals by hoping or wishing, and you definitely won’t get anywhere by whining or wishing things were different than they are. Sure, we’d all like to save money – but we’re barely keeping up paycheck to paycheck now. Besides, we have all that debt to pay down and all these different obligations. We’ll save eventually, sure, but... right NOW?
Yeah, right now. Whether it makes sense or not, let’s start saving today. The key to it all? Pay yourself first.
Read MoreCouples shouldn't go into marriage without understanding the financial ramifications of their union. Making informed decisions about money management in marriage is important. The more preparation and research you put into financial planning, the better off you'll be. You need to establish a strong foundation for your marital future. Keep reading to find out how to do so.
Read MoreDeclaring independence is a beginning, not a conclusion. Like starting a new country, moving out of your parents’ house, leaving a bad relationship, or beginning a new job in a new state with a new circle of friends, a “declaration” of financial independence is an important way to reboot and refocus.
It’s what you do with it moving forward that truly determined whether or not the day will be marked with fireworks and brats down the road. It doesn’t just take time to REACH your long term financial goals; it takes time to even plan them out and figure out HOW you’re going to get there.
Read MoreOne of the best ways to get control of your finances is to set realistic financial goals. I am sure many of you just do not know where to start with your finances. Continue reading the rest of this article to find ways to achieve your financial goals.
Read MoreFinancial goals are critical from the moment you decide to start a business. As your established business grows, it becomes even more important to set smart goals and take the right steps to meet them in ways that exemplify the integrity of your company. You have a variety of resources available to help you set the right financial goals for a business of your current size and with your future ambitions.
Read MoreIf you have younger children at home expect the cost of college to continue to rise. One estimate says the cost of a college education is rising eight times faster than wages. If one of your long term financial goals is to get your child to college graduation with the least amount of educational debt possible, it’s never too soon to begin saving for your children’s education.
Read MorePersonal financial goals are important, but family financial goals are, too. When it comes time to set your family financial goals, you may think it is better to do it on your own. If your kids are babies and you have no significant other, setting them on your own is fine. If your kids are at least five or so or you do have a significant other, it is a better idea to include them in the process.
Read MoreThere is a lot of information about what living within your means actually means. Living below your means is when you aren’t spending more money than you earn. You spend less or equal to the amount of money you make each month from your sources of income. Living below your means doesn’t mean that you aren’t able to spend money on things you love in order for you to enjoy your life. Instead, the goal is to create a more secure financial future with long term financial goals while still enjoying the fancy dinner out occasionally.
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