Buying a house is the ultimate American dream and, with some hard work, it can be done. Keep reading to find out how to achieve this common financial goal.
Read MoreSome passive income ideas do require that you put in a lot of work, which seems to negate the idea of passive income. In order to generate passive income, you will likely need to invest in an asset but you don’t necessarily need a lot of cash. Passive income can be a great way to meet some long term financial goals.
Read MoreWhen you read the term investment goals, you probably think of some old fogies with their stogies, as the commercial goes, planning a corporate take over. It does not have to mean that although it can. It refers to a goal based financial planning method that helps you hone your savings and retirement plans to maximize your returns.
Read MoreMany of us have a hard time managing our money, especially when our emotions creep into our decision making. Financial coaching can help you through those moments when your emotions or behaviors guide your decisions. Continue reading to find out how a coach may help you with your financial decisions.
Read MoreWhen it comes to your finances, you may be more focused on saving money, getting out of debt, or other financial goals. Creating generational wealth may not be a financial priority but it’s possible to still make it one of your long term financial goals. Setting financial goals is going to be an important part of creating generational wealth. You aren’t going to be able to work hard toward building this wealth without some goals in mind.
Read MoreYou need to set goals if you want to improve your financial situation. Goals give you objectives to focus on. Optimizing your finances involves achieving numerous goals. Unfortunately, improvements in one's financial situation won't necessarily happen quickly. You have to set goals and stick with them over time to make progress.
Read MoreYou probably don’t head out on a trip without having a plan to get to your final destination. But you may be living life every day without a clear destination in mind. That’s where setting goals comes in. Pick your big destination and then think of your goals as the steps that will get you where you want to go.
Read MoreAll major downside corrections are always a surprise to most investors because it is difficult to time the market. Some investors may get lucky and have their timing just right to profit from a sudden downshift. However, they are just lucky. The vast majority of investors are not playing the stock market like a casino. You can avoid having to reset your financial goals constantly if you learn how to avoid risky speculation and ride out the down cycles.
Read MoreYour financial security in retirement isn’t just going to happen. You need to plan for it and have a commitment. Planning for retirement is a multistep process that will evolve over time. In order to have a secure, fun, and comfortable retirement, you need to build a financial cushion to fund it all.
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.
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