Personal Finance

/Personal Finance

I believe that Personal finance encompasses all the decisions a person might make when it comes to cash flow, budgeting, retirement, investments, multiple streams of income, and insurance protection. Every adult is bombarded with decisions to make when it comes to all these areas of life and I try to help with my thoughts and opinions on the various topics.

Dealing with Cash Flow Issues – There are only 3 Places Your Money Can Go

I haven't discussed my job in a while, but while talking with a new financial planner the other day I was reminded of a lesson I learned a long time ago.  The conversation we were having had to do with the basic fact that most people do not have a clue what they spend.  They wake up sometime around January 2 or 3, and think, "this is the year that I am going to get control of my finances" and then they start to try to build a cash flow model (or a simple budget).   While the scary majority of people may not know [...]

By |2018-06-05T16:13:48+00:00May 21st, 2018|Personal Finance|0 Comments

Alternative Options To Payday Loans

(Image Courtesy Of Pixabay) If you watch television or listen to the radio, you’ve heard of a payday loan. At the end of the day, these companies advertise as much as, if not more than, attorneys. With debt creeping closer to its 10 year high and many Americans living paycheck to paycheck, it can be hard to resist the allure of a payday loan. However, what seems like a harmless opportunity to get the money you need now can end up costing you far more later. The truth of the matter is that payday loans create a financial trap. When you get [...]

By |2018-06-06T21:48:27+00:00May 21st, 2018|Personal Finance|0 Comments

6 Ways to Give Your Finances a Spring Cleaning This Year

You may have a house spring cleaning regimen in place to clear out the cobwebs in your home and ready it for summer. But have you ever thought of applying this concept to your finances? Spring cleaning your finances each year will give you a similar "clean" feeling, as well as netting some pretty significant savings. Here are some tips for "financial spring cleaning" you can use 1. Review Monthly Bills Sit down with all your monthly bills, plus your bank and credit card statements. First, if you notice any maintenance or service fees, address them. Call your provider or bank to find [...]

By |2018-06-05T16:45:10+00:00May 10th, 2018|Personal Finance|0 Comments

5 Ways to Grow Personal Wealth

Growing your personal wealth from a young age will not only benefit you now, it will give you peace of mind in years to come as well as when retirement comes into consideration. Yes, we all want to live in comfort without having the added burden of financial instability but not all individuals are educated to understand the concept of increasing personal wealth by means of financial market trading. According to a senior financial analyst at Olsson Capital, this form of making money is a highly lucrative way of ensuring your personal finances are in good shape. Although financial market trading takes [...]

By |2018-06-11T20:48:20+00:00April 29th, 2018|Personal Finance|0 Comments

4 Financial Freedom Tips for the 20 Something

Most people in their 20’s are not thinking about financial freedom. That’s something for people nearing retirement, right?The truth is that financial freedom can be achieved in your 20’s. It may look different than financial freedom in your later years but the principles are the same.  Here are a few financial tips to get you started on the road to financial freedom. 1. Save for Emergencies An unexpected expense can put a lot of stress on your finances. Are you prepared for a major car bill or health care bill? If not, you aren’t alone. In fact, most Americans don’t have enough [...]

By |2018-06-11T20:45:19+00:00April 24th, 2018|Personal Finance|0 Comments