Are you getting the best rate of return on investment? Kiplinger's Personal Finance Magazine annually discusses ways to boost your investment yield in its latest issue. I have to say that I am always pretty disappointed with their recommendations. I love the magazine, but I didn't really care for a list of mutual funds and Exchange Traded Funds (ETFs). But, I wanted concrete ideas on how to earn a 10% annual rate of return on my investments. US Treasuries are earning less than 1% and money market funds are not fairing much better. Certificates … [Read more...] about The Ultimate Guide to Earning a 10% Rate of Return on Your Investments
It's nice to have a little cash to wave around, especially if that wasn't always the case. Nevertheless, you really need to rein it in or you'll end up practicing lifestyle inflation. What's that? In a nutshell, it dwells on the logic that an increase in income should automatically lead to an increase in spending habits. This is a dangerous ideology that can ruin your financial health and keep you stuck in the rat race of working just to pay the bills. The thing is, it's only human nature to want to improve your social and economic standing. … [Read more...] about The Dangers of Lifestyle Inflation and How to Combat It
If you would like to learn more about personal finance or get a higher rate of return on your investments, then simply reading a book may not be the perfect solution. While books written by experienced authors can be useful, the information eventually becomes outdated, especially in the rapidly-changing world of finance, and there’s no one you can turn to for help if you have questions after you finish reading a chapter. This is part of the reason why Investopedia, the self-proclaimed “largest financial education website in the world”, … [Read more...] about Investopedia Academy Review – Self-Paced, Online Courses About Investing
Money is tight now as everyone knows it. And, with rising health care costs, it is sometimes complicated to find ways to cut back especially on necessities such as healthcare costs. One great way to save money on your rising medical costs is to shop around on the web. There are many great websites like www.glasses.com that can help you find affordable medical care, prescription glasses, and the like to help take the sting out of rising medical costs. How to Easily Save Money on Rising Medical Costs Here are five additional tips for … [Read more...] about How to Save Money on Rising Medical Costs
Being a landlord can be very hectic, if you are renting out your vacant properties, there are plenty of things that can go wrong when you allow tenants to rent the house. It is wise to take the necessary precautions before it happens. If you haven’t got the right insurance cover you might have to pay the bills from your own pocket if things go wrong. What if the property is damaged by a natural calamity, or even vandalized? To make being a landlord less stressful than it already is, there is the Landlord insurance, which can really come in … [Read more...] about What is a Landlord Insurance? Is it worth it?
Did you know that half of American families live paycheck to paycheck? That number may seem astounding, but considering how high costs of living are nowadays and how wages don’t seem to be catching up with those costs, maybe it’s not so surprising that so many families live paycheck to paycheck and as many as 1 in 3 Americans have less than $500 saved up to cover emergency situations. It’s never been more important to separate your paycheck from your discretionary expenses because we never know whether our health insurance premiums might go … [Read more...] about How to Separate Your Paycheck from Your Discretionary Spending
I am a buy and hold investor. I do not like to sell many of my investments. I’m decades away from retiring, and I’m a long-term investor, to say the least. It takes a lot for me to sell mutual funds that I own. But, I have been known to transfer the assets from one mutual fund or mutual fund company to another one based on certain criteria. There are times that it is best to just sell your mutual funds and let them go. Things change. Investing philosophies and goals change. Those are the reason to sell mutual funds. Four Reasons When … [Read more...] about Top 4 Reasons You Might Want to Sell Mutual Funds You Own