Choosing a stock to buy is no small matter. In fact, if you're just starting out and don't have a portfolio yet, you may want to invest in low cost mutual funds. Individual stocks are risky, and you can stand lose a lot if you aren't careful.But, if you've already got a diversified portfolio with mutual funds and ETFs, then investing in individual stocks could round out your portfolio. But which stock should you buy? Which ones will offer the … [Read more...]
How to Plan and Achieve Your Retirement Goals
What is your retirement goal? Are you planning to retire early? Is your retirement dream to travel the world? How much finance will you need to retire? Is it enough for you, your children, and grandkids? This might be the few among many questions that might be running at the back of your mind. Below, we discuss how one can plan and meet their retirement goals:Know your financial needsIn order to meet any goal, one must list down their … [Read more...]
Federal Poverty Line Guidelines for Household Assistance
There are millions of impoverished households in the United States.Do you fall under the federal poverty line? Also called the FPL, the federal poverty line dictates which households are eligible for certain types of federal assistance.One of the good things about knowing how your household size measures up with the guidelines is that you may be eligible to get some extra help. … [Read more...]
7 Nifty Budget Ideas That Will Help You Get Out of Debt Faster
80% of Americans are in debt. The easy solution is to create a balanced budget. Of course, following that budget is the hard part. If you're living on a strict financial budget, you've probably been tempted to quit from time to time.This is especially true if your financial goals are miles away. … [Read more...]
Should You Get Rid of Your Car?
Lately on personal finance sites, I've seen a lot of advice recommending that people reduce their expenses by getting rid of their car. What should you consider before you get rid of your car? Where do you live? First and foremost, where do you live? I personally can't imagine giving up my car while living in my hometown. Rural midwestern community, zero public transportation, a single Uber driver (at last check), and very little in terms of … [Read more...]
How to Buy a Car While Living Paycheck to Paycheck
If every bill you receive gives you anxiety, you don’t quite know where all your money goes and you just can’t seem to get ahead, then you’re living paycheck to paycheck. If it’s time for a new car, whether you need to upgrade, buy your first or your current ride is out of action, here’s how to buy a car while living paycheck to paycheck. Stop Living Paycheck to Paycheck Easier said than done but there are a couple of things you can start doing … [Read more...]
The Benefits of Downsizing After Your Retirement
As you move into your retirement, you may be looking for a simpler and slower pace for your life. You are finally able to take the time for the things that are really important to you and live a lifestyle that is completely of your own choosing. One of the major steps you can take after retiring is downsizing your home.In years past, your home may have been a great fit for you and and your family. As you move into retirement you are likely … [Read more...]
Another MLM Gone – AdvoCare Changes Business Model
On May 17, AdvoCare, a well-known MLM (also known as a multi-level marketing company or pyramid scheme) announced that they were changing their business model. After "confidential talks" with the Federal Trade Commission, they are changing how they compensate their distributors. In other words, they were violating regulations, got caught, and were forced to ditch the illegal pyramid structure. Is AdvoCare Going Out of Business? No. AdvoCare … [Read more...]
How To Choose Your Bankruptcy Lawyer
Bankruptcy is one of the few things in life which we do not ever want or hope to experience. However for some, bankruptcy is not so farfetched. It is of utmost importance that a person knows or learns about things like how to handle money effectively and how to invest mindfully. This is the key to financial stability.According to a 2005 study, almost 46% of reported bankruptcies were directly or indirectly caused by expensive medical … [Read more...]