-
5 Tips to Start Building Wealth in Your 20s
Many Americans often delay building a financial plan until they’re much further along in life, typically waiting for unexpected circumstances to push them into action. This habit of postponing critical decisions can create unnecessary stress and limit our ability to grow wealth. Instead of taking charge, we allow life’s pressures to dictate our financial choices,…
-
Steps to Track Your Net Worth
The dictionary defines net worth as “the total wealth of an individual, company, or household, taking account of all financial assets and liabilities.” Most people will agree that the definition of net worth is simply: assets – liabilities = net worth. Now that we know what it is, why is it essential to track it? …
-
5 Financial Tips for Young Adults
It’s important to make good financial decisions, especially as a young adult. If you set yourself up for success while you are younger, you’ll thank yourself later in the future. If you’re a young adult, here are some tips to get you started. *PLEASE NOTE – investment references are for educational purposes only.
-
Check Your Financial Fitness with a Financial Assessment
It’s a new year, and for many, that means new year’s resolutions. One of the most common resolutions is to get physically fit and healthy by working out. Another common resolution is to save money and take control of your finances. The first thing you should do to become financially fit is assess your overall financial…
-
Build Your Sinking Funds with Goal Builder
Financial wellness can negatively or positively affect your mental health. A Bankrate 2024 Money and Mental Health Survey found that 56% of people surveyed stated that not having enough saved in their emergency fund negatively impacted their mental health. If an unexpected expense comes up and you do not have the funds to cover it,…
-
Great Financial Gift Ideas for Any Age
Finding the right gifts for our loved ones can be challenging. For many, choosing the right gift can be difficult because you want to make sure whatever you select for the person is something they can use and like. One great gift that most anyone can use is money. If you’re at a loss for…
-
How the Fed Rate Change Affects Your Finances
If you’ve paid attention to financial news recently, you’ll have noticed there was some media attention regarding the Federal funds rate. On Wednesday, September 18, 2024, Federal Reserve Chairman Jerome Powell announced that the federal funds rate would decrease by .50 percentage points, or ½ a percent. For anyone unfamiliar with the federal funds rate,…
-
4 Money Principles To Help You Build Wealth
For anyone looking to become financially independent, it’s critical to understand some fundamental financial principles that can help them achieve that goal. Although everyone’s financial road map is a little different because goals and experiences are different, there are some financial principles that can help you build wealth over time and achieve financial independence. Be PatientOur…
-
4 Steps To Assess Your Financial Wealth
According to research with online financial experts, the beginning of a new year is the perfect time to assess your financial health and future. Many people recommend doing an assessment right at the beginning of the year because it’s a pivotal time to start fresh. But if you feel a bit behind because you haven’t…
-
Important Financials to Review Annually
As 2023 comes to an end, it’s a great time to think about your financial goals and plan for the New Year. Taking some time in the next month or so to look ahead at your budget, credit, and investments is the best way to help you define your financial objectives, recognize your financial success…
