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5 Simple Tips For a Wealthy Life – How to Live a Rich Life, Without Lots of Money

Posted by on 2:36 pm in Mind and Money, Tips, Wealth | 28 comments

5 Simple Tips  For a Wealthy Life – How to Live a Rich Life, Without Lots of Money

Wealth Tips Aren’t Always About Money Do you regularly feel worried and stressed? Does depression visit more than you’d like to admit? Do you envy those around you and think they have more than you do? There’s a free solution to this modern day malaise. According to Andrew Weil, MD, author of SpontaneousHappiness, certain of modern life create disharmony and depression. Weil posits that we weren’t designed for a modern, sedentary, internet surfing, TV watching, processed food eating life. And this contemporary lifestyle causes higher levels of depression in industrialized nations. According to Weil, the hard working Amish, who live a life of simplicity experience more contentment than their “modern” neighbors. Here are a few factors Dr. Weil believes contribute to modern day depression: Inactivity Lack of human contact Excess processed food Excessive distraction and stimuli More Time in Nature Leads to Greater Wealth Could your solution for wealth be found outside?...

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Fidelity’s Retirement Saving Guidelines – Are You On Track With Your Retirement Saving?

Posted by on 3:45 pm in Retirement, Saving | 25 comments

Fidelity’s Retirement Saving Guidelines – Are You On Track With Your Retirement Saving?

Fidelity Retirement Saving Guidelines Are Aggressive – So Start Saving Now “Savings factor: Aim to save at least 1x your income at 30, 3x at 40, 7x at 55, 10x at 67.” ~”How Much Do I Need to Retire” at Fidelity.com Several years ago, Fidelity made a splash with cold hard retirement numbers. The discount brokerage powerhouse told savers and investors exactly how much they needed to save for retirement at each age milestone. For example: By age 30, you need the the equivalent of one year’s salary saved. So if you make $70,000 per year, you should have $70,000 saved for retirement. Remember, this isn’t your emergency fund or the kid’s college fund! By age 40,  you need three years salary saved for retirement. So, if your salary goes up to $100,000 by age 40, you need $300,000 saved for retirement. By age 55, you need seven times...

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How to Buy Low and Sell High; Dollar Cost Averaging Tutorial

Posted by on 7:20 pm in Asset Allocation, Automatic Saving, Investing, Mind and Money | 8 comments

How to Buy Low and Sell High; Dollar Cost Averaging Tutorial

Part 5: Best Investing Method Series-How to Buy Low and Sell High “All of us would be better investors if we just made fewer decisions.” Daniel Kahneman ~brainyquote.com Welcome to Part 5, the final article in the Best Investing Method Series. The goal of this series is to show how to invest – simply. Setting up a lazy portfolio of index funds from diverse asset classes is the closest approach you have to a “sure thing”. Not because you will never lose money, everyone loses money once in awhile, but because you will minimize losses and maximize gains. Learn dollar cost averaging and put your investing on auto-pilot. Research shows that it is exceedingly difficult to beat the returns of the overall market long term. It is also quite unlikely you can time the market and get in at the absolute bottom and out at the top. A Vanguard study...

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2018 Money Review – Pot ETFs, Boost Returns (Rebalance), Extra Money, Mark Cuban Tips + More

Posted by on 4:27 pm in Asset Allocation, Investing, Links, Make Money | 0 comments

Money and Investing Afficionados Like These Articles 2018 Money Review Articles – Part 1 In reviewing our social media channels we came up with a curated list of the most shared content for the last few months. You’ll learn “How to Rebalance Your Investments” for better long term returns. Uncover “How Mark Cuban Invests”. Get ideas to “Make More Money on the Week-ends”. And, find out “The Best Marijuana ETFs for Conservative Investors”.  Start the year off right by getting your finances set for this year and beyond.    How to Rebalance Your Asset Allocation Guide Step-by-step rebalance your asset allocation guide. It’s easy, could boost returns & reduce investment ups & downs. Get real life examples & save thousands.     Get the Back Story About How Mark Cuban Invests Mark Cuban, wealthy entrepreneur, gives sound money + investing tips. Find the answer to, ‘How does Mark Cuban...

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Why I Don’t Invest In Individual Stocks Anymore – Here’s a Better Way to Invest

Posted by on 1:44 pm in Asset Allocation, Bond, Investing, Mutual Funds, Stocks | 16 comments

Why I Don’t Invest In Individual Stocks Anymore – Here’s a Better Way to Invest

I Don’t Invest in Individual Stocks Because I’m Smart and a Lazy Investor According to Warren Buffett, Chairman, Berkshire Hathaway:   “Most institutional and individual investors will find the best way to own common stock is through an index fund that charges minimal fees. Those following this path are sure to beat the net results [after fees and expenses] delivered by the great majority of investment professionals.” 1996- Shareholder Letter (sourced from IFA.com/quotes/) Over the past several years, I’ve gradually moved my family portfolio and my corporate portfolio away from individual stocks and into index mutual and exchange traded funds (ETF’s). Although both portfolios have sported excellent long term returns, not every holding was a winner. In the case of two stocks, I did not fare well. The Investing Story Began Decades Ago First a bit of background, I have been investing for decades with excellent outcomes. For many years both...

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8 Steps to Creating a Diversified Asset Classes Investment Portfolio

Posted by on 4:10 pm in Asset Allocation, Automatic Saving, Bond, Investing, Mutual Funds, Stocks, Video | 8 comments

8 Steps to Creating a Diversified Asset Classes Investment Portfolio

Step 2: What are the Steps to Creating a Diversified Asset Classes Portfolio? In Part 1: “How to Build an Investment Asset Management Strategy”  you learned the best, research-supported, investing method and why to invest with index funds. Today you will learn the steps to take to create a diversified asset classes portfolio. Future investment articles continue with the how of implementing asset classes investing with index funds.  The great part about structuring a diversified index fund DIY portfoio is that once it’s complete, it requires minimal attention. Annual rebalancing and updating prices, dividends and capital gains and you’re done managing your investments.  Taking control of your investing today eliminates financial worries tomorrow. Asset Allocation with Diversified Asset Classes Investing is for Long Term Goals Invest today to have money for your future wants and needs. Investing is only for long term goals. If you need money in five...

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Invest and Beat the Pros – Learn the Simple Steps to Create an Investment Portfolio

Posted by on 5:55 pm in Asset Allocation, Bond, Investing, Money Management, Mutual Funds | 0 comments

Invest and Beat the Pros – Learn the Simple Steps to Create an Investment Portfolio

# 1 Kindle Best Seller-Invest and Beat the Pros   Perfect Wealth Building Guide with Investing Are you worried about your financial future? Would you like a method to set up your finances for success now, and financial security in the future? Do you fell like you lack time and knowledge to manage your money? Here’s how you’ll benefit and what you’ll learn from this investing blueprint (from back cover): 1. The index fund investing approach that helps you reach your financial goals. 2. Enough investing knowledge to create your own investment strategy and avoid making poor choices. 3. Explanation of common investing terms. 4. Help determining whether you need an advisor or not. Click here for immediate access to Beat the Pros: Create and Manage a Successful Investment Portfolio 5. How to respond to the ups and downs in investing markets, and how to avoid panic. 6. How...

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What the Opera Carmen Teaches About Investing and Behavioral Biases

Posted by on 1:31 pm in Advanced Investing, Guest Post, Mind and Money | 0 comments

What the Opera Carmen Teaches About Investing and Behavioral Biases

I received a message in my inbox from Mitzi Perdue, author of How to Make Your Business Last, the widow of Frank Perdue and daughter of Ernest Henderson, co-founder of the Sheraton Hotel Chain. She wanted to share this story. Her tale is inspired by legendary hedge-fund Manager Roy Niederhoffer’s analysis of the opera Carmen and it’s lessons for investors. She synthesizes an analysis of Carmen, the opera written by George Bizet, and describes its behavioral economics and investing lessons.  Even the smartest most sophisticated investors are sometimes swayed by their hearts. By, Mitzi Perdue What’s Really Going on with the #OperaCarmen (Hint: It’s about a #riskyinvestment.) Carmen from Bizet’s opera is a high-risk, volatile investment. If Don José had studied behavioral economics, he might have lived. If you enjoy opera, and also if brilliant investment analysis interests you, prepare for something that’s both unusual and enticing. Come peek into the...

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Top Investment Articles and Free Investment Management from M1 Finance

Posted by on 12:52 pm in Economics, Investing, Links | 0 comments

Top Investment Articles and Free Investment Management from M1 Finance

Read My Top Investment Writings Across the Web and Build Your Wealth These top investment articles give you important information for smart investing strategies. There are more ways to manage your money than ever before. New fintech products for investing are exploding. M1 Finance robo-advisor + DIY platform is now free. If you’re looking for some help managing your investments, but still want a hand in the fund and stock picking process, check out the “M1 Finance Review” published on our sister site, Robo-Advisor Pros.com. On the economic front, interest rates are going up, and will continue to do so during the upcoming years. Read about how the upcoming rate increases will affect your wallet in my recent GoBankingRates.com article. For the DIY investor, seeking some investing ideas, take a look at pot ETF ideas originally premiered on InvestorPlace.com and syndicated on Nasdaq.com. Or, check out my “10 Stocks...

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8 Ways to Make Money Fast – Don’t Go Into Debt Over the Holidays

Posted by on 5:30 pm in Make Money, Tips | 17 comments

8 Ways to Make Money Fast – Don’t Go Into Debt Over the Holidays

Easy Jobs to Get Now Do you need more money fast? Are you facing the holidays without enough savings? Are you considering borrowing or taking a quick payday loan? Instead of going for a payday loan, or racking up credit card debt, earn extra cash. Avoid the January financial hangover, by shoring up your finances now. You will thank yourself all year if you earn more money, now instead of going into debt over the holidays. You might be surprised how easy it is to make money fast.  Some of these ideas may work for you, others may not, but in addition to earning extra money now, you might develop a side business to keep those extra funds rolling in. Some of these jobs are manual and you may think they’re beneath you. But is being in debt a better alternative? Kick that mindset to the curb, as it leads...

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