3 Things You Need to Do to Be Successful
Key takeaways Rational optimism is far different that the stereotypical optimism. Successful people have a reasonable tolerance of risk. Become a rational optimist to be successful in your endeavors.
Having Money Discussions Is Important in a Relationship
Key takeaways Younger generations are handling money differently than those before them. Gen Z and millennials are much more comfortable discussing money. Money is one of the biggest reasons for divorce. Talking about money before marriage is a good thing.
The Importance of Establishing Credit
Key takeaways A recent study reports that millennials are extremely reluctant to take on any debt. By maintaining a debt-shy attitude, millennials are not establishing credit nor maintaining high credit scores. Establishing credit is very important and will allow you to get the best available interest rates on home loans, car loans, credit cards, and […]
Advisors for Success Minded People
Key takeaways A catch-22 is a situation that keeps you from attaining your goals due to a set of inherently illogical rules or conditions. Younger, success-minded people need professional advice as they accumulate wealth over time. The majority of the professional advice available for success-minded individuals—at the beginning of their wealth building years—is either far […]
Have You Locked Your Child’s Social Security Number?
Key Takeaways Identity thieves have a new favorite target and it’s your child’s personal information, including social security number. Criminals are going after the social security numbers of infants and young children because no one will realize what they’ve done for 18 years. Contact any one of the three main credit agencies (Experian, TransUnion, Equifax) […]
Your Money Timeline
Key Takeaways When it comes to investing money, the order in which you invest matters. Before investing in anything, make sure your emergency fund is set up and topped off. It’s important to know what your short, intermediate, and long-term goals are in order to know what assets you should invest in and when.
The Down Payment Myth
Key Takeaways A recent survey of 3,000 Millennials found that 53% of them said they hadn’t bought a house yet because they hadn’t saved enough money. You don’t need a down payment of 20% of the value of the home in order to buy it; there are several loan types that don’t require that amount. […]
Are You Protected Against Credit Card Fraud?
Key Takeaways A recent report from the Federal Trade Commission found that 40% of all credit fraud happens in the 20-29 age group. Younger people tend to use their credit cards more online than other people as they shop online or sign up for automatic payments for online services they use. To protect yourself from […]
Step Away from the Social Feed
Key Takeaways A recent study found that 57% of Millennials buy products online from ads or videos they see on their social feeds that they were not expecting to buy. A good way to track your finances so you can see what you truly can afford to buy, is to use an online financial portal. […]
Credit Cards – Added Protection, Added Benefits
Key Takeaways A 2016 Bankrate study found less than a third of Millennials have credit cards. Using debit cards and cash leaves you prone to both identity theft and physical theft, whereas using a credit cards protects you from both. Credit cards often come with rewards programs that help you earn points towards goods […]