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[23 Dec 2013 | Comments Off | ]
Want to be Free? Five Must-Dos for 20-Somethings (And Why We Envy You)

by Dan Danford, CFP®
Hey 20-something … Lots of 30-somethings, 40s and Baby Boomers out there envy you. Why? It’s not for the reasons you might think.
If you’re in your 20s, you are in a crucial stage of their life where decisions you make now will have a profound impact on where you’ll be as you enter your retirement years – which will truly sneak up more quickly than you realize. Actually, the decisions you make now will impact how you make plans to enjoy life at every decade. While it’s …

Financial Planning, Headline, Personal Finance »

Financial Health Through the Decades

In each decade of life, it’s important to make sure that the right financial decisions are being made to ensure that financial health and freedom remain in life through the working years, and that retirement is an enjoyable experience with ample funds. The most important element of good financial health is that the process must start early, and so this means that the moment an individual heads into his twenties, attention must be paid to finances and saving.
The 20s
Many people don’t feel as though they’re actually grown up when …

Financial Planning, Headline, Personal Finance, Retirement »

Take Your Savings to the Next Level

Most people know the importance of saving. However, few people take the necessary steps to jumpstart their savings account. They may deposit a little money here and there, but at this rate, it can take years to grow a decent financial cushion.
Some people don’t think about saving their money until they’re well in their 30s. However, younger adults typically have fewer financial obligations, thus it is easier for them to save money. Maybe you’re in your late teens or early 20s. Maybe you just recently started a family. Putting your …

Financial Planning, Headline, Personal Finance »

The Marshmallow Experiment and your Finances

While many people who possess large amounts of money are very smart, others are not necessarily but where able to be at the right place at the right time. Being intelligent is not necessarily essential to creating wealth but what differentiates those two types of people? Also, what is the marshmallow experiment and how does this relate to it?
In the late 1960′s a StanfordUniversity researcher named Walter Mischel carried out a long study with marshmallows. He placed marshmallows on a table in front of 4 year old children that liked …

Budgeting, Financial Planning, Headline, Personal Finance »

Common Financial Mistakes made by People in their 20s and how to avoid them

Most people start earning their first regular paychecks in their early 20s. However, their financial education is still that of a teenager. Our education system barely even talks about basic personal financial principles, so it is not surprising that people make a lot of mistakes in their 20s. These mistakes later come back to haunt us as regrets when we are older. However, you can avoid making these mistakes by reading the following points.
Buying Liabilities rather than Assets
For most people in their 20s, the world is filled with attractive …

Financial Planning, Headline, Personal Finance »

New Job Jitters: Don’t Let Your Fears Ruin Your Finances

Does having an unprepared mental state put college and school leavers at risk of losing out on job opportunities? Find out more inside this article, exploring some themes surrounding a less lazy approach to securing a job, which students may not be accustomed too!

Financial Planning, Headline, Personal Finance, Retirement »

Will I be affected by the pension reform?

While young people generally don’t consider pensions, many wish they would have look at them when they were in this age group.
The proposed state pension reforms have been the talk of the town for some time now, but for many people they’re still much too confusing.
Pensions can seem baffling at the best of times, so overhauling the entire system is bound to leave many people feeling out of their depth. The one certainty to come out of the reforms though is that the self-employed will be better off for it.
How …

Financial Planning, Headline, Personal Finance, Real Estate »

When you are older… Care homes and your assets

Perhaps this is not affecting most of our readers, however it maybe affecting relatives and one day you may find yourself in this situation…
With care home fees now reaching a record high, it’s never been more important to make sure you get the most out of your assets in later life.
Read on for a guide of how to get the most out of your property, savings and possessions…
Property
If you’re liable to pay for your own care and have lived alone, your property will ordinarily be counted as capital 12 weeks …