How to Keep Your Finances Organized in 4 Steps
Please see affiliate disclosure below* Seems as if we’re all busier than ever. With family, work and household chores, there’s little time left to keep your finances organized. Yet, if you don’t organize your finances then you might end up with unpaid bills, spending more than you earn, big credit card balances and a hornets nest of problems come tax time. Whether your net worth is in the three, four, five, six or seven digits, you still need to create a system to keep your finances organized. 1. Categories to Keep Your Finances Organized Before diving in with a plan, understand the components of your financial life: Budgeting – Formal or informal, you must make sure you have more money coming in than going out. Bill pay – Bill pay is the most frequent money task with most bills coming due monthly. Saving – Saving should also be a regular financial...
read moreWhat Does Price Earnings Ratio Mean? Use the PE for Smart Investing
Understanding the PE Ratio Most investors are best suited to invest in a diversified portfolio of index funds in an asset allocation in line with their risk tolerance. The research is quite clear that it is exceedingly difficult to beat the overall stock market over time. That said, there are those who like to analyze individual stocks and attempt to beat the market. For those active investors, as well as those interested in understanding a bit more about investing, you’ll learn about how to use the PE ratio when investing.Read on to find out the answer to the question, “What does price earnings ratio mean?” Prognosticators predict the future direction of the stock markets. There is no proof that over time anyone has consistently done a good job at this forecasting. In most cases correct predictions could just as easily be attributed to luck and skill. The main problem...
read moreHow Does Mark Cuban Invest?
How Does Wealthy Entrepreneur Mark Cuban Invest? Contributing columnist, Timothy Gagnon Money Tips From a Great Businessman Mark Cuban, best known for his aggressive personality on ABC’s Shark Tank is a billionaire investor, entrepreneur, business owner, and NBA team owner. Mark Cuban’s business advice tends to be blunt and straight to the point. He doesn’t beat around the bush. Today we’re going to share his best money and investment advice so you can find out the answer to ‘How does Mark Cuban invest?’ Keep in mind there’s no guarantee you’ll see the same success as Mark Cuban if you follow his investment formula. Nevertheless, learning how to build your investments on a solid foundation based on smart money habits, along with market trends and data. Mark Cuban on Savings If there’s one thing most investors agree on, it’s that everyone should focus on building a nest egg of funds. There’s no way to...
read morePassive Income Investments – Fact or Fiction
“Investing should be more like watching paint dry or watching grass grow. If you want excitement, take $800 and go to Las Vegas.” Paul Samuelson Passive income investments are touted as a way to keep the money flowing without the work. In other words, with passive income streams your passive income investments are set up once to deliver regular cash flow. You’ll learn whether investing in real estate, stocks, and bonds are true passive income opportunities and ways to create that future income stream. My Passive Income Investments History Is real estate a road to passive income? When I first started out, I bought a rundown piece of real estate, made some repairs, and rented out the property. With the help of my dad, I assessed the property to find out what needed repairing. Then I found workers, monitored them daily, found tenants, screened them, fix repairs when the tenants called,...
read moreAre 2017 Financial Forecasts For Real?
Financial Forecasts – Myth Or Reality? During a recent trip from San Francisco to Ohio, I spent several hours indulging in the Wall Street Journal, cover-to-cover. Fascinated by their second quarter Markets Review & Outlook Section on July 3, 2017, I fervently read the predictions made by pros compared with reality. Learn whether the financial forecasts hit the mark or veered off course. I assumed that at least one prediction for the markets for 2017 might have materialized. Yet, out of 8 economic predictions, ranging from U.S. stock indexes to inflation, the experts were all wrong. Here’s why it matters. The experts, those with schooling, experience and credibility share their financial predictions for the future. Next, regular folks go on to make economic, investing and financial decisions based on these predictions. Yet, what happens when most, if not all of the WSJ predictions don’t materialize? Click here to check out...
read more29 Fun Ways to Make Money in the Summer
*Please read affiliate disclosure below. Students, Teachers & Adults-Have Fun Making Money This Summer By staff columnist, Alexandra Deluise Making money in the summer time is always good – the days are longer, people seem to be in better moods, and there are some excellent seasonal places to apply for. Before signing yourself up for a seasonal restaurant job, though, try one of these 29 fun ways to make money this summer! Sell the fruits (or veggies!) of your labor. If you have a garden, you can make extra money by selling produce from your land. You can also get a head start on the market and sell seedlings for people to plant their own gardens. You can charge extra for organic produce and seedlings as well. Officiate weddings. Become a justice of the peace, and be a part of someone’s happiest memories. Bonus: you might get to stay for...
read more3 Dividend Stocks to Own In Retirement
Guest Contributor; Gaurav Sharma 3 Top Dividend Stocks for Retirement If there is and one priority for a retiree investor, it is income. This can be achieved by owning the best dividend stocks within your investment portfolio. Dividend stock investing actually has two potential benefits: An opportunity for capital appreciation. A steady or increasing cash flow. A dividend stock investor deploys capital into companies with juicy dividend payments. Depending upon when the dividends are paid, you earn regular cash payments deposited into your brokerage account. After purchasing the stock, there’s no additional work, making dividend investing perfect for retirees. The advantage of owning a dividend-paying stock is that there is no need to sell the shares in order to receive the dividend. of course, you can’t avoid the market or company risk which means the company stock value might go down, as well as up. Although any investment has...
read moreWhy and How to Diversify with Real Estate – REITS + Real Estate Crowdfunding
Guest columnist, Joseph Hogue, CFA Don’t let the headaches of real estate investing keep you from diversifying your portfolio into one of the best long-term assets. Despite what you might hear on the 3am infomercials, real estate investing is hard work. Barbara explained in an earlier post about why she gave up being a landlord decades ago because of the constant headaches. I can relate. I started buying rental property early in my 20s. I had worked as a commercial real estate agent and wanted in on the cash returns and seemingly endless appreciation that was just getting started in 2002. I soon realized why real estate investing is far from the passive income strategy many websites make it out to be. Have you ever been called at 5am to light someone’s pilot light on a water heater? I have…many times. Wondering? Should I Buy Foreclosed Real Estate? Besides...
read more5 Inspiring Warren Buffett Investing Quotes
Warren Buffett is considered one of the most successful investors of our time. According to BusinessInsider‘s Andy Kiersz, in “Here’s How Rich You’d Be if You’d Invested $1,000 in Buffett Way Back When”, $1,000 invested in Berkshire Hathaway in 1964, would be worth about $11.6 million today. This information uses the 1964 share price of $19 and the February 27, 2015 closing price of $221,180 for Buffett’s Berkshire Hathaway (BRK-A). With the more recent closing share price of $194,620 (September 25, 2015) you’d still be rich. Bonus; What is Multifactor Investing and is it Worth a Try? I don’t know about you, but this type of information doesn’t particularly cheer me up. The ‘woulda, coulda, shouldas aren’t particularly helpful. Instead of looking backwards, let’s move ahead with these inspirational Warren Buffett investing quotes. Use these inspiring Warren Buffett Investing quotes to educate and motivate you to investing greatness. Here are some...
read moreCheap 4th of July Fun-7 Great Ideas
7 Ways to Enjoy the Fourth of July + Maybe Build Wealth By contributing columnist, Alexandra Deluise The Fourth of July is one of the highlights of summer for me. The holiday almost always includes a cookout, fireworks, and time spent with family around a campfire with marshmallows. This year, July 4th is on a Monday. This means three full days of potential festivities and cheap 4th of July fun! However, getting crazy on this patriotic holiday can cost a lot if you are not careful. Save some money with these frugal tips for a fun-filled holiday weekend. 7 Cheap 4th of July Fun Ideas 1. Keep the 4th of July in Perspective One of the most dangerous things about holidays are our own expectations. Remember what you are grateful for, and keep those things front and center during your Fourth of July celebrations. 2. Awesome Outdoor Activities! (+More Cheap...
read moreHow to Build Wealth with Money Strategies + Investing Books
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