Finance and Credit Professional

Before you can ever reduce your expenses and increase your savings, you must first know where your money is going to. Many people share the same experience of having no idea where their $5,000 salary went. 'How did I spend so much money?' 'I thought that I should have $1,000 left at the end of [...]

You have signed up for your employer's 401K plan and are very proud of yourself because you are not only getting tax benefits, but your employer matches a portion of your investment (can you say free money?). Congratulations to you. You have taken the first step to becoming an investor and building your portfolio [...]

Let me give you an example to illustrate the power of compounding. Let's say we played a game of golf and we made a friendly bet of 10-cent on the first hole, with the bet doubling on each hole. Would you take on this bet? Now, if you were familiar with the game of golf, [...]

Financial planning is vital to your future since money is something that you not only need now, but will also need in the future. While social security was invented to assist individuals with their retirement years, it simply will not be sufficient when you are trying to retire from your current career.In order to get [...]

There are three major steps that master investors take and they are: 1) identify very good businesses, 2) buy them only at a huge discount and 3) wait for the market to realize its true value or overvalue it.Step 1: Identify Very Good BusinessesAlways remember that when you are buying a stock, you are not [...]

Advances in investment theory have dovetailed nicely with ancient wisdom to present investors with a new and exciting paradigm for investing. These advances, known as Modern Portfolio Theory, were developed by primarily by Nobel prize winning economist Harry M. Markowitz. Modern Portfolio theory emphasizes the importance of disciplined investing that focuses on proper [...]

Sometimes it is the little things in life that really make the difference. That's especially true then when it comes to dealing with financial matters. Decisions about who to trust, what to invest in, making gifts or the type of insurance to buy all have long-term consequences--and often unintended results. There are many times that [...]

If you think about, many people will make over a million dollars in their lifetime! If you were to earn an average income of $3,000 a month ($36,000 a year) over 40 years (age 25-65), then you would have a total of $1.44 million ($36,000 x 40 years) flow through your hands.If you were like [...]

Are you a gambler? Do you like to play the odds? Here are some real-life odds for you to consider: 90% of people become incompetent before they die! Of course, your spouse might not think you're of sound mind right now, but that's beside the point! If you don't take action, you could needlessly cost [...]

Many people do not think ahead about reducing taxes during their retirement years. But actually there are many ways to reduce the amount of taxes that you pay during your retirement years. Some of these include.Maximizing the nontaxable amount of your retirement plan benefits by taking a lump sum distribution limited to your previous [...]