As you start to gain your financial footing in your 30s, you need to start to think about more than your weekly or yearly budget; you need to start thinking about how you plan on building your long-term wealth. #! Have a Plan to Get Out of Debt First, if you have debt, you need to have a plan for getting out of debt. That doesn't mean that you focus on getting rid of your debt at the cost of building your wealth.
11 January 2019
When trying to grow a successful company, you will eventually be required to work with another company to form a strategic partnership. You may need to work with another company that will leverage their brand to help you receive more exposure. For example, if you have developed a new technology, you may work with a business that will be the first to implement this technology. By doing so, and by having your brand associated with that company, your own brand will seem more prestigious simply be being associated with an established brand.
12 April 2018
The health of your financial future rides on making good and wise decisions with your money when you are a young adult, but young adults are fairly notorious for making huge money mistakes. At a time when you are likely fresh out of college and getting your adult life on track, it's easy to spend money in ways that really will not matter in the long term. Of course, everyone spends a little unwisely on occasion, but avoiding financial demise means making sure you know how to make conscious spending decisions.
27 February 2018
Whether you are a trust fund baby and set out in life with a lot of money or you work to build your own wealth with time, it is still not uncommon to run into financial problems at some point and be faced with some really tough decisions. There are always things that can take place that greatly affect how much money you have and how you will get by, from a change in employment to a divorce and everything in between.
18 December 2017
If you qualify for Medicare, you also qualify to purchase a Medigap plan or other Medicare supplements. A Medigap plan is a supplemental form of insurance that steps in and helps you pay your coinsurance, deductible, and copayments that you have to pay out-of-pocket for Medicare Part A & B. Your coinsurance, deductible, and copayments can really add up, and Medigap is an affordable way to cover those expenses. However, Medigap plans are not free.
2 November 2017
If your finances are best described as "a mess" and you are struggling to pay bills, then you might be considering filing for bankruptcy. But while filing for bankruptcy may seem like an easy way to hit reset on your financial life, it is a very long and involved process that will negatively impact your credit score for many years. If there is a way you can possibly get your finances in order and avoid bankruptcy, it's usually wise to do so.
25 July 2017
You have a set amount of money deposited into your employer backed 401(k) program every month. In fact, you've done this for more years than you can count and it seems to be working, so you're all good. The reality is that you might be doing yourself a disservice. Getting the most out of your retirement savings plan requires a far greater effort. Make sure you know what to do.
21 February 2017