Master Your Personal Finances. Build True Wealth. Live A Better Life.
When you are looking at potential investments, one way to compare them is how liquid they are. Liquidity refers to how easily you can sell the investment to raise cash. Cash and cash equivalents are the most liquid investments. Stocks, bonds and mutual funds are also fairly liquid. There are several benefits of keeping your [...]
Image via Flickr by 401(K) 2012 The economic recession and resulting volatile stock market has almost become cliché. Advertisers overuse the situation and analysts overthink the problems until we almost stop listening – but still, we want answers. Being able to discern between the nonsense and the facts is an ability that can be quite [...]
Investing in the foreign currency market can be lucrative. However, it is not without risks, especially for people just starting out. Many years ago, the foreign currency market was only open to large traders, such as multinational companies, banks or other entities with big sums of money to invest. Now even people with small amounts [...]
8 Foundational rules of financial education that you need to know and understand in order to take charge of your finances and build true wealth. When it comes to financial literacy among young American’s the numbers look pretty bleak. A study by the National Council on Economic Education, which covered over 20 economic and personal [...]
Developing good financial habits at an early age will serve you well for the rest of your life. Investing wisely is a skill that everyone should learn. Even if you do not have hundreds or thousands of dollars in your savings account, there are ways that you can still invest. Company Sponsored Retirement Plans If [...]
Using a Traditional IRA or a Roth IRA as a savings plan for college expenses. Earlier in this series I discussed using 529 Savings Plans and Cloverdell Education Savings Account (ESA) to help pay for college. In this installment I’ll go over how you can use Individual Retirement Accounts (IRAs) to pay for qualified educational [...]
Are you considering investing in your child’s college education? Ever wonder which college savings program is right for your specific financial situation? Well you’ve come to the right place. In part 1, I discussed the 529 College Savings plans. You can read about the 529 college savings plan here: 529 College Savings Plan In today’s post, I will talk [...]
Ever wonder which college savings plan is right for your child? Through the myriad of choices, it can be quite complicated to figure out which plan makes sense to your specific financial situation. In this 3-part series of blog posts, I will talk about the types of college savings plans available. There are generally 3 [...]
Android is one of the world’s most popular smartphone operating systems. If you own a phone that runs on the platform, you already know how useful it is as you can make and receive unlimited long distance phone. However, Android smartphones offer many additional great phone features that include the usage of apps that can [...]
Starting a new business is exciting, time-consuming, and expensive. You might think it requires all of your time and money, but take a step back from that train of thought. Keep in mind that some opportunities will actually do better if you keep your day job and diversify your current investments. Starting a Franchise Image [...]
The Nielsen Global Survey of Investment Attitudes is one of the world’s most useful tools for economic predictions of all sorts, from one of the top globally acknowledged analysis and ratings institutions. This year, the survey was released in early July and conducted over 18 days in February. It polled some 28,000 consumers in 56 [...]
College savings plans are the answer to skyrocketing tuition. Education costs are rising at astonishing speeds; last year student loans overtook credit cards as the highest consumer debt. As college costs balloon it’s essential that you begin to prepare today for your children’s future expenses. There are 2 major vehicles for investing for tomorrow’s school [...]
Everyone wants to gain financial independence of course. But very few people actually have it, or take the steps to achieve it. Luckily it is actually very simple once you get started. Financial independence should not be confused with being wealthy, it simply means that you are comfortable in your financial shoes so to speak. [...]
Opening a trading account can be a scary proposition for some and it can seem a little overwhelming. Opening an account will require having a lot of information on hand, the investment industry is very highly regulated by the government and as such there are many hurdles to jump through. Not to worry though we [...]
1. Traditional IRA’s are never joint accounts. They are meant only for the individual. 2. There is no minimum age requirement to participate in traditional IRAs. Your children can have a Traditional IRA as long as they have earned income. 3. However, you must be under 70 ½ in order to make contributions to a [...]
Blogging at A Young Investor, Tony draws from his investment experience in stocks, commodities, and currencies to show others how to invest profitably in today’s volatile markets. I’m a firm believer in rules – follow your rules, and you can’t stray too far off the path to success. Never is this more true than when [...]
Economic risks are once again giving investors nightmares. Investors are wondering whether or not it is a good idea to make investments given the high instability of the global economic market. It comes as no surprise that nothing serves as a bigger deterrent than uncertainty and the current crisis enveloping the entire globe suggests that [...]
Investing is one of the best ways to create long term growth and increase wealth. I’ve been investing since I turned 18 and I opened my first trading account and funded it with my tip money from delivering pizzas. I remember waking up every morning and checking my account and pouring over the Wall Street [...]
