It’s never too late to establish some good financial habits and secure your finances. The single smartest financial habit to adopt is to save 15% to 20% of your income each month. This is the number that will ensure you are never caught unprepared and are building a strong financial future.
Although 2011 has been a tough year financially for many and 2012 is likely to offer more of the same, there is a lot you can to do take control over your financial life and financial future. More than you may think! Here are 5 key steps you can take now to power up your finances for 2012 and have financial success.
For most of us, the week between Christmas and New Year’s is often a quiet time and a very good opportunity to sit back and reflect.
If you're over 50 without a retirement plan, you may be saying to yourself, "OMG! I'm all grown up with almost no retirement savings. Now what do I do?" They say that 90% of the solution to a problem is understanding how it happened. So let's start by examining how most people got into this mess.
The game of long-term financial planning has changed. There are many reasons for this change: the inevitable impact of our government's massive debts, the high likelihood that the stock market will continue its ten-year-plus underperformance for at least another decade or more, also that the economy will be weaker than normal for a long time to come, that the current historically low interest rates cannot be maintained, and that the dollar will unavoidably become much weaker at some point have all combined to change the game.
You can achieve financial freedom, but you need a plan and to be money smart in how you spend, save and invest your money. My aim through Money Smart is to support you along the way with financial education, financial advice and financial coaching.
