What is Debt?

Debt is a tricky thing. Handled wisely, it can help you reach your dreams. Handled poorly, it will do the opposite. After all, debt can pay for a graduate degree that doubles your salary within five years … or it can lead to unmanageable interest payments. The word debt can sound scary. And it’s true–many of us …

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The risks of investing

Everyday life is full of risk. But to get anywhere or accomplish anything in life, you’ll probably have to take at least some risk to receive a reward in return. This concept is also true when it comes to investing your hard-earned money. Identification Return on investment (ROI) is the amount of money you receive …

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Investing money saved to buy a home

If you are saving money for a down payment on a home or other real estate, you may wonder what the best investment is for you to earn a return on your cash until you need it. The answer is simple: None. Instead, you should put your money in one of a handful of “cash equivalents” …

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Differences between saving and investing

Many new investors don’t understand that saving money and investing money are entirely different things.  They have different purposes, and play different roles, in your financial strategy and your balance sheet.  Making sure you are clear on this before you begin your journey to building wealth and finding financial independence is vital because it can save you from a lot …

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Training yourself to save for the future

How often do you really think about saving for the future? And how often do you actually do something about it? Why do we have such a hard time putting away even modest amounts? Part of the obstacle may be psychological: It’s hard to keep something that’s still decades off top of mind. One of the biggest …

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Tackling Debt

There are some people who never have any kind of debt. But unless you plan on paying in cash for a home someday, you might want to take the route of just learning how to manage your debt well now. Every time you take on debt and pay it off, most often by using a …

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Sorting your finances for the New Year

It’s time to sort out important personal finance tasks for the New Year. Which money tasks are most important? While there’s lots of room for debate, here is a list to get you started. Clean up your budget Starting fresh immediately in the New Year instead of working to begin the budgeting process is a good idea. …

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Savings mistakes to avoid for retirement

So you say you’re already contributing to some form of retirement account? Congratulations—you’re working on making your future self very happy. That’s because the secret to retirement savings is that you can’t make up for lost time. Knowing just how much to save is one of the hardest financial challenges there is. You might try a calculator, …

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A beginner’s guide to investments

If your savings goal is more than five years away, putting some of your cash into investments could allow you to earn more from your money and keep up with rising prices. What are investments? Investments are something you buy or put your money into to get a profitable return. Most people choose from four …

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Credit Card Scams & how to avoid them

Scammers have clever ways to get you to give them your credit card details over the phone, by email or using text messages. They may even try to take the card itself by stealing your wallet. Here are the most common ways scammers can get your credit card details: Tricking you into telling them your …

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