Investing

How to Open a Roth IRA the Right Way

Among individual retirement accounts, the Roth IRA stands out because of its special tax advantages. Instead of providing tax breaks at the time of deposit, Roth IRAs allow account holders to receive benefits completely tax free after retirement. Roth IRAs were created to give working people a greater incentive to save for their post-retirement years.…

Investing: Stocks vs. ETFs (Exchange Traded Funds)

When most of us think about investing, our thoughts immediately jump to stocks. However, many of us are wary of what can happen when you get involved  with stock picking. Instead, people are more likely to feel comfortable with various funds, carefully arrayed according to an asset allocation strategy that makes sense for them. A…

Annuities: Pros and Cons Fully Explained

As with any type of investment, annuities are not for everybody. Every investment vehicle contains characteristics that may or may not match your own objectives, preferences or risk tolerance. The advantages of annuities may work for some people, but not for others. There are certain disadvantages that may preclude a certain type of investor from…

How Dividends Can Add Value To A Portfolio

Last week, we took a look at 3 Ways That You Could Make Money In An Up Or Down Market. The first one that we discussed was buying shares of an individual stock directly. Today, we want to talk about one specific type of stocks that you should be adding to your portfolio. This type…

Formulating Your Personal Stock Buying Strategy

In my previous post I wrote about getting Started Investing In Stocks. Now that you are ready to start investing, you have to select the type of stock that is best for you. It’s important to invest in stocks that fit your overall investment strategy. To help you with your investing decision, here is a…

Learn About Index Investing – Passive Investor

Index investing is the one stop all inclusive choice for the passive investor. Passive investors love index investing because it takes all of the guesswork out of investing decisions. Index investing involves buying a fund that seeks to replicate the returns of a particular index. The two most popular ways of investing in an index…

Your Asset Allocation Strategy

Most people enjoy a roller coaster ride now and then, unless it involves their investment. Even though history has shown that the stock market always trends upward, more than a hundred billion dollars of investor cash fled the stock market crash in October of 2008, after it had declined by 40%.  That cash didn’t return…

Should You Trade Currency? What Are The Risks?

Currency trading is quite popular nowadays. There are television programs, websites, and advertisements all decrying the benefits of currency trading. The Forex market is the largest market in the world. It’s estimated that $2 trillion dollars are traded in the currency market everyday. Trading involves the purchase and sale of large quantities of currency to…

Read This Before Borrowing From Your 401k

Among the many benefits afforded to many 401k participants is the ability to borrow funds from the account for personal purposes. While 401k loans are not generally recommended, they can be a source of low cost borrowing that can help improve your financial situation if used responsibly. If your plan includes a loan provision, you…

Why You Should Always Max Out Your 401k Contribution

One of the essentials of financial freedom is preparing for the future. One way you can do this is by opening a tax-advantaged retirement account. One of the retirement accounts you can open is the 401k. 401k: The Basics of What You Should Know A 401k is a retirement account that comes with tax advantages.…

Finance

Financial Tips To Get Your Personal Finances Back on Track

There are two things I always say to anyone who will listen, “Don’t mess with a man’s money” and “Don’t mess with a man’s woman.” Unfortunately, we don’t do the right thing when it comes to our own finances so we need a little advice to get us back on track. The personal finance tips…

How to Increase Your Net Worth Over Time – Control Your Finances

What is personal finance? It is money that you control. Times are tough these but they are getting better as more and more people are returning to work and earning a living once again. In fact, the unemployment rate is only 7.7% according to Google’s public database. Today, more people are employed than at any…

Know Personal Finance and Investment Better and Bid Your Financial Blues Goodbye!

Knowing the principles of personal finance and investment better allows a potential investors to make the financial decisions with much prudence and confidence. Having a sound knowledge of the financial and stock market allows the consumers to be more rational in their personal finance planning and in the decisions they make. Financial knowledge is particularly…

What Personal Finance Really Means To You

Personal finance is a term used to denote several different yet closely related aspects of monetary decisions made by either an individual or a family whose members live together. These closely related aspects include the rate of income, budgeting said income, inevitable costs (e.g. taxes, electric bill, gas, mortgage, etc.), and even frivolous spending. It…

Building Wealth Instead of Clipping Coupons

One of the big fads right now is extreme couponing. While there is nothing wrong with extreme savings, and many people can save a great deal of money clipping coupons, there might be another way to use your time and get even better results. Use the time spent clipping coupons to build alternative income streams,…

Should You Do Your Own Taxes?

The year is almost over. Tax season is just starting. As you gather your documentation, pull up the IRS web site, and prepare to fill out your tax return, take a few minutes to consider your situation and determine whether or not you might have someone else prepare your tax return. Deciding to Turn Tax…

Early Retirement Planning Is Still Possible

It wouldn’t be unreasonable to think that, following the financial crisis and stock market crash of 2008, most people who had any thought of retiring early would be making other plans right now. But, if you ask many people, especially those younger than age 50, they still have their sites on an early retirement. Is…

How To Regain Your Financial Health The Right Way

When you see unpaid bills piling up, you should know that your financial health is at stake. But you aren’t the only sufferer of this disease- it is getting common and people all across the country are diagnosed of this ailment. Is it the end of the financial road? Almost never. There are many solutions…

Create a Current Lifestyle Fund

Many of us acknowledge that it would be fun to travel more, eat out a little more, or be able to splurge on occasion. However, these are items that don’t easily fit into the budget. If you want to be able to enjoy more of the fun things in life, you can create a lifestyle…

5 Ways to Get More Work Done

With distractions like Facebook, mobile devices and other forms of technology chipping away at our everyday productivity, it’s little wonder that so many people are looking for ways to get more work done. If you’re one of them, never fear – there are plenty of simple and easy techniques for getting all of your work…

Career

How To Increase Your Current Salary with Your Current Job

Increasing your salary is a great way to add to your income. Last week we talked about how to get a raise even if your boss doesn’t like you. If you have worked hard, improved the business, demonstrated value and helped your coworkers then you are ready to ask for a raise. But what happens…

How To Get A Raise At Work

Getting a raise is a great way to increase your income, and you don’t have to get promoted to get a raise.  Increasing your salary compounding effect because your annual raise will be computed off of your salary.  If you leave your job chances are you will use your current salary to negotiate at your…

Are You Making These Job Hunting Mistakes?

This economy presents a tough job market for seekers. However, just because you are desperate, it doesn’t mean that you need to come off as such. It is important to avoid some of the basic mistakes that you might be tempted to make in this market. Here are 5 mistakes to avoid on your job…

6 Networking Ideas to Improve Your Career

On paper, you may have everything that your ideal employer wants. If you don’t know the right people, though, even the most well-polished resume and spot-on experience in the world isn’t going to help. The importance of networking in the world of business simply can’t be overemphasized. Even after you’ve landed your dream job, it’s…

Run Your Career Like it’s A Business

Too often, people who draw a paycheck from someone else forget that they need to manage their careers just like a business. They adopt a “wait and see” attitude about promotions rather than proactively planning for the next step. They also allow the luster to be diminished on their greatest product – themselves. Companies use…

5 Reasons Why Your Boss Doesn’t Like You

Do you think your boss does not like you? You may find this hard to hear, but I hope we can shed some light on the common issues that put stress on the employee/boss relationship. If you really believe that your boss does not like you, the problem may not be with him, it may…

5 Reasons Why You Won’t Get Promoted

It’s not fun to watch your peers get promoted while you stay stuck in the same job. It’s also not fun to do the same job and earn the same paycheck for 10 years or more. Unfortunately, most people find themselves in that exact situation. If you went to college and then got a white…

4 Ways Working Hard Won’t Pay Off

There’s an important difference between working hard and working smart. In the first case, it’s possible to extend huge amounts of effort that, in the end, net you absolutely nothing. In the second case, your odds of being rewarded for your efforts are vastly improved. Working hard does not always pay off; the following four…

5 Ways to Get Your New Job Off to a Great Start

It may not seem like it, with the unemployment rate dominating the news, but there are people who are entering the workforce. For some it’s their first real job. Others are moving on to new jobs, and out of the comfort zone of a job and the relationships they had formed. More than ever, it’s…

How To Negotiate Your First Job Salary

In today’s job market, first-time job seekers such as college graduates are finding it difficult to land a job never mind a well-paying job. However, the market is seeing an upswing – national unemployment is dropping, and companies are starting to take on new hires again. In this time, it’s important for job-seekers, especially first-time…

Dividends

Why Dividend Paying Stocks Are a Wise Investment

Stocks that pay dividends have made up a majority of the returns in the stock market in the last 50 years. The more we see wild fluctuations in the market the more we see investors flocking to these safer investment ideas. Dividend stocks provide consistent returns to investors because they are profitable companies focused on…