Do you believe that getting rich is something exclusive? That only certain people are entitled to it, but for some reason you’re not? If you do think this way, you’re doing yourself a great disservice. With the information age and all the resources that come with it, there are more wealth creation strategies and opportunities available to us than ever. A financial adviser can help you manage your finances correctly to increase your chances of gaining wealth. Common people like us can take advantage of these tools and build a fortune that will last a lifetime. But the trick is first being able recognize what’s in your face, and then jumping all over them without hesitation. Your Job is Not (and Should Not Be) the Only Way to Create … [Read more...] about Wealth Creation Strategies That Are Within Your Reach
Personal Finance
Finally a Safe Savings Rate for Your Retirement Formula
One of the biggest mysteries the average working adult faces when it comes to their personal finances is knowing what the right answer is when it comes to the question of HOW much they should be saving every paycheck for retirement? We’ve all seen generic articles that say to save 10% or whatever, but how do we know that percentage is really the right number to plug into our personal retirement formula? Even if you did take the time to figure out how much money you’d need and what size nest egg to save for, how do you know what chances your savings target would have of surviving another economic downturn like we had this past decade? What confidence do you have that the number you pick will result in your savings being able to last … [Read more...] about Finally a Safe Savings Rate for Your Retirement Formula
Types of Investment Funds – Open-End and Closed-End Funds
The following post is a contribution from Gary, a personal finance blogger who focuses on investing, saving, real estate, credit and debt, career and education advice, budgeting, and insurance at Gajizmo.com. Gary has worked at an internet company on their M&A team, as well as two private equity firms, and has a Real Estate Broker’s License. Investment funds allow small and large investors to pool capital together and enjoy higher investment returns with lower risks than private brokerage accounts. Mutual funds offer many benefits, such as easy diversification of securities, professional management, lower trading fees and costs, and increased liquidity. However, investing in these funds requires research. The type of fund an investor … [Read more...] about Types of Investment Funds – Open-End and Closed-End Funds
The Roth IRA Basics and What You Need to Know to Get Started Today!
Allow me to be your Dad for a minute and tell you that if you haven’t setup a Roth IRA yet, then what are you doing?! Seriously, if you’re trying to figure out what to do differently with your money this year, how about putting in something that will grow tax free! Whether you know much about investing or money, read on as I explain all the essential Roth IRA basics and what you need to know to make the most of them. … [Read more...] about The Roth IRA Basics and What You Need to Know to Get Started Today!
My Best Online Discount Experience and a $500 Giveaway!
The Internet has undeniable changed many things about our lives. We can find people we havn’t seen in years. Information is available right at our fingertips. Even the post office is going to eliminate one day of delivery because so many people just use email or automatic bill pay. But arguably one of the coolest things about the Internet that has changed my life and yours is the way we shop. Not only are the things I’m looking to buy generally cheaper, you can also find all kinds of online discount promotional codes and deals that help sweeten the deal. … [Read more...] about My Best Online Discount Experience and a $500 Giveaway!
How to Invest a Million Dollars and Why You’ll Need to Know How Someday
If you had a really large sum of money, would you know what to do with it? Would you really?? This might seem like one of those “pass the time” type of discussion topics, but I’m afraid that sooner rather than later a great deal of us are going to need to know how to invest a million dollars or so. It will be kind of like handling a bazooka and not really being sure what to do with is. Why do I think this will be happening? … [Read more...] about How to Invest a Million Dollars and Why You’ll Need to Know How Someday
How Much Could You Save Paying 0% Interest Using Balance Transfer Credit Cards?
If you have credit card debt, balance transfer credit cards are kind of an incredible option to help you. And odds are you probably know nothing about them... … [Read more...] about How Much Could You Save Paying 0% Interest Using Balance Transfer Credit Cards?
How to Stop Spending Money – 5 “Psych Outs” that Trick You to Spend
The following post was provided by fellow blogger Jennifer Willard. If you are interested in being a guest contributor for My Money Design, please feel free to contact me. Saving money for retirement, or even a rainy day, has become much harder over the last couple of years. Prices for necessities have risen, while income levels have grown stagnant. However, this doesn’t mean that it is impossible to save for the future and learn how to stop spending money. You just have to be a savvier shopper. Of course, there are always ways to save money when shopping. Using coupons, taking advantage of sales, and even buying in bulk is great ways to save money. But the real trick to savvy shopping and saving money is to understand how retailers … [Read more...] about How to Stop Spending Money – 5 “Psych Outs” that Trick You to Spend
