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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…
If you’re liable to pay for your own care and have lived alone, your property will ordinarily be counted as capital 12 weeks …

Budgeting, Consumer, Debt, Featured, Financial Planning, Headline, Personal Finance, Personal Growth »

Finances in your 20s

            If you ask someone who is no longer in their 20’s what they would have changed about themselves financially while in this age bracket many would have done things differently. I am not referring to wishing they had picked the lottery numbers each week but with regards to saving their money for the future. On the flip side of this however I find the same people who are, for example in their 50s, doing very little more than they did in their 20’s to save for their future. The …

Financial Planning »

[29 Aug 2012 | Comments Off on Common Financial Pitfalls After College | ]
Common Financial Pitfalls After College

These common financial pitfalls after attending college are easily fixed with a little guidance. Don’t get trapped in a financial mess right when you start a new adult life. Here is what you can do to avoid the pitfalls…