What to Know Before Investing in the Stock Market
Trading should not involve wasting hours every day watching the scoreboard. Avoid making daily updates that only add to the stress of investing. Checking the stock’s progress every quarter is necessary to avoid making rash decisions based on short-term results.
Investment and Wealth Generation Tips
Investors who try to time the market frequently buy and sell stocks. This often equates to buying high and selling low. People irrationally liquidate their portfolios when the market goes down instead of buying things at discounted prices. Long-term investors avoid making irrational decisions. They also avoid paying short-term taxes. Instead of watching stock tickers, these investors use the time saved to create more income sources and generate wealth.
Personal Finance Software to Consider in 2021
The following financial platforms can help one save money, budget more efficiently, and invest in various financial instruments. Whatever an individual's personal goals may be, here are the best personal finance software available in 2021. Acorns The Acorns...
4 Reasons Why Your Credit Score May Have Dropped
There are various reasons why your credit score may have dropped. Here are 4 of the most common reasons why this may have occurred: When you open a new account, you may be offered the option to choose an unsecured or secured card. If you choose the latter, you often...
Financial Moves to Consider Making Before the End of 2020
The end of each year is a great time to take stock of many areas of life. One place that deserves consideration is personal finance. Here are some financial moves to consider making before 2020 comes to a close. Tax Loss Harvesting While 2020 has generally been a good...
How Your Mental Health Can Impact Your Saving Habits
Most financial advice starts with the assumption that everyone can efficiently work towards a reasonable budget and a healthy retirement plan. Still, even the first few steps can feel like a marathon for many people struggling with stress, anxiety, or depression....
How to Budget When You Live Paycheck to Paycheck
Studies have proven time and time again that a majority of Americans live from one paycheck to the next. This means that only one missing paycheck could lead to serious financial stress. Living from paycheck to paycheck means that budgeting is a must. To set up the...
A Beginner’s Guide to Mortgages
Buying a house is one of the biggest investments a person can make. However, the excitement and stress involved with such a purchase can often be overwhelming. Without the proper strategy and research, it’s very easy to make a mistake and end up spending more than...
Improving a FICO Score in Four Steps
A high FICO score can unlock many doors for consumers, including the doors to low mortgage interest rates, attractive credit card offers, and zero-interest car loans. A low FICO score, however, keeps many of those entrances locked and creates a far more expensive...
Debunking Personal Finance Myths
Personal finance is one of the most fundamental topics and aspects of our individual lives. Much has been said regarding how to practice good personal finance practices. Unfortunately, some of the information available out there is rooted in misconception. Here is an...