Money Management

There is perhaps no more important decision than to take charge of your own financial future. We live in a world of opportunity, and yet most Americans are buried in credit card and other debt. We are surrounded by people who are getting rich, but most of us are running ...
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Key 1 - Pay your self first key 2 - Saving is not a punishment. Its making choices about how you'll use your money. Key 3 - Financial sucess involves hard choices. Be prepared to make them. Key 4 - Make a budget and stick to it. Key 5 - ...
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Acceleration Clause - A stipulation in a loan contract stating that the entire balance becomes due immediately if other contract conditions are not met. Accrued Interest - Interest that has been earned but not received or recorded. Amortization - Liquidation of a debt by making periodic payments over a set ...
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Myth and fact: What you need to know about credit scores (ARA) - For all of the discussion around the importance of credit scores, it's hard to know what's true, what's fiction, and what lies in between. While there are misperceptions and misunderstandings still lingering in the marketplace, the good ...
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PROPERTY INSURANCE Auto Insurance State law requires that all motor vehicles have liability insurance to cover injury to other people or damage to their property. If you have a loan on your vehicle, your lender will also require physical damage coverage on it. You may select a higher deductible (the ...
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Remember the definition of net worth (wealth)? Assets – Liabilities = Net Worth Liabilities are your debts. Debt reduces net worth. Plus, the interest you pay on debt, including credit card debt, is money that cannot be saved or invested—it’s just gone. Debt is a tool to be used wisely ...
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TOOLS FOR INVESTING Once you have a good savings foundation, you may want to diversify your assets among different types of investments. Diversification can help smooth out potential ups and downs of your investment returns. Investing is not a get-rich-quick scheme. Smart investors take a long-term view, putting money into ...
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Assets – Liabilities = Net Worth A wealth-creating asset is a possession that generally increases in value or provides a return, such as: A savings account. A retirement plan. Stocks and bonds. A house. Some possessions (like your car, big-screen TV, boat and clothes) are assets, but they aren’t wealth-creating ...
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Financial freedom is the power to do what you will with your life without being forever bound by lack of money and over burdened by debt. This worthwhile goal can be achieved by anyone through careful planning and persistence. Just follow these steps: Pay yourself first Control your spending Get ...
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Self-Made Millionaires are not smarter or better than you. They have just discovered these secrets and used them to become wealthy. You can do it too. (1) DREAM BIG DREAMS. Thinking Big will change your life. For a crash course on this read "The Magic of Thinking Big." (2) CREATE ...
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(ARA) - As women continue to break the glass ceiling in the working world, they also need to keep in mind their potential vulnerability in the financial world. Women tend to be more concerned about monthly expenses than saving enough for retirement, according to a recent survey sponsored by the ...
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Steve Martin once delivered an opening monologue for Saturday Night Live in which he answered the age-old question "How can I be a millionaire?" His answer was fairly simple and straightforward, "First? get a million dollars." If at this point you can't help but feel that Mr. Martin performed an ...
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