THIS ROAD IS CRAP!Everyone has a moment in their career...
THIS ROAD IS CRAP! Everyone has a moment in their career where they look ahead and wonder if they are on the right path. Or, even worse, hit an unavoidable pothole, and end up unemployed. When facing a crappy road or even the blown-out tire of getting fired, you face a CHOICE. You can let despair overwhelm you, and do nothing but marinate in self pity. OR, you can take a deep breath and realize you have the TOOLS to fix the situation. The most important tools: self-awareness of your skills, self-confidence, your network of friends/colleagues, and a phone. When in doubt, ask for help and remember that you got this!
THIS ROAD IS CRAP! Everyone has a moment in their career where they look ahead and wonder if they are
CLAIM YOUR OWN INDEPENDENCE DAY! (part 4 of 4 Steps...
CLAIM YOUR OWN INDEPENDENCE DAY! (part 4 of 4 Steps to Financial Independence ) Invest your savings ! Step Four: Get ADVICE and INVEST your savings to achieve your goals, according to your risk tolerance. There is a difference between saving and investing. Saving and keeping the money in cash is all nice and helpful, but cash doesn’t GROW. To achieve your financial independence in this lifetime, you have to put the money to work by taking some calculated RISKS. No risk, no reward. Working with a reputable financial advisor will help you understand and define the potential risks and rewards. If you don’t invest, it is hard to win.
CLAIM YOUR OWN INDEPENDENCE DAY! (part 4 of 4 Steps to Financial Independence ) Invest your savings ! Step Four:
CLAIM YOUR OWN INDEPENDENCE DAY! (part 3 of 4 Steps...
CLAIM YOUR OWN INDEPENDENCE DAY! (part 3 of 4 Steps to Financial Independence ) Spend your way into financial independence! Step Three: CONTROL your spending. Income = Spending + Saving/Investing Want more $ left over to save and invest? Spend less. It’s the easiest part of the equation. Budgeting is an eternal necessity of financial health. Whether you make $15k or $150k, you need to question your purchases, perhaps postpone them. Do you really need a car this year? Why not wait a year or two? Do you really need 3 pairs of jeans? How about 2? Do you need to buy coffee every day? Pay off your debts rather than accumulate more of them. If you budget your spending and make tough choices, you have the best chance of reaching your goals.
CLAIM YOUR OWN INDEPENDENCE DAY! (part 3 of 4 Steps to Financial Independence ) Spend your way into financial independence!
CLAIM YOUR OWN INDEPENDENCE DAY! (part 2 of 4 Steps...
CLAIM YOUR OWN INDEPENDENCE DAY! (part 2 of 4 Steps to Financial Independence ) SAVE. You just gotta. Step 2/4: SAVE, SAVE, SAVE. Oh yeah, and save. Very few people are fortunate enough to earn so much money that they are financially independent with their income alone. Therefore, you must save. Approach your budget with savings as one of your expenses. Just like you need to set aside money for housing, or food, consider saving as an equally necessary line item. Only after you save, are you allowed to spend.
CLAIM YOUR OWN INDEPENDENCE DAY! (part 2 of 4 Steps to Financial Independence ) SAVE. You just gotta. Step 2/4:
CLAIM YOUR OWN INDEPENDENCE DAY! (part 1 of 4 Steps...
CLAIM YOUR OWN INDEPENDENCE DAY! (part 1 of 4 Steps to Financial Independence ) Almost everyone wants or needs more money. You need a plan. Step One: DEFINE financial independence and make a REALISTIC plan! Just like any goal exercise, a plan to financial independence starts with goal setting, defining the starting point, and then executing the steps to the finish line. What does financial independence mean to you? Earn more than you spend? Be debt free? Have 6 months of expenses in the bank just in case? Define the goal: Put it down in actual dollars and cents. Assess the now: What do you own, what do you owe, what do you earn? WRITE IT DOWN. Realize that you need to address spending, saving, AND investing, to get there.
CLAIM YOUR OWN INDEPENDENCE DAY! (part 1 of 4 Steps to Financial Independence ) Almost everyone wants or needs more
MORTGAGE RATES ARE GOING TO TANK AGAIN!Interest rates have plunged...
MORTGAGE RATES ARE GOING TO TANK AGAIN! Interest rates have plunged this week, so you can refinance your mortgage or get a new one at RECORD LOW rates once again. Thanks to lots of political uncertainty in Europe and elsewhere, investors are getting all nervous and running for the hills. This means interest rates are plunging. We have seen long term rates (like the 30 year U.S. interest rate shown above) this LOW only one other time in HISTORY – that was January 2015. If you are in the market for a house or refinancing, this is a pretty good time to lock in your rate. One positive outcome of Brexit….?
MORTGAGE RATES ARE GOING TO TANK AGAIN! Interest rates have plunged this week, so you can refinance your mortgage or
IF YOU PANIC, YOU WILL LOSE!The graph shows the price...
IF YOU PANIC, YOU WILL LOSE! The graph shows the price action of the U.S. stock market over the last 5 days. Almost a complete round trip! If you panicked and sold Friday or Monday, you would have doubly screwed yourself because prices bounced back! If you invest with the long run in mind, you shouldn’t “day trade” or push the eject button when surprises happen. Most of the time, panic trading means LOSING money. Investors woke up on Friday after the UK vote to leave Europe, and sold quickly. As they rushed for the exit, stock markets sold off heavily for a few days. Fast forward a few more days - and it’s almost like nothing happened. To keep your cool, do NOT check the value of your retirement portfolio every day, or even every week. Invest for the long run, you’ll make more money.
IF YOU PANIC, YOU WILL LOSE! The graph shows the price action of the U.S. stock market over the last
MESSY COUNTRY POLITICS CAN MESS YOU UP!The UK’s vote to...
MESSY COUNTRY POLITICS CAN MESS YOU UP! The UK’s vote to leave Europe is creating a hot mess. When a country has big problems on a national level, its citizens can end up PAYING MORE for many things. What and whom you vote for can and will affect YOUR bottom line. High country risk often creates a weak currency and higher borrowing rates. This means anything you buy that is imported will COST MORE. It means when a company (or a person) in that country borrows money, it may have to PAY HIGHER INTEREST RATES. The UK just lost its AAA credit rating status – meaning the country is now judged a riskier place, and costs for people and companies will go up. More risk = more expensive. Messy politics, messy finances, unpredictable future, lower growth rates, all these mean HIGHER country risk. There is an economic price to nationalism and protectionism.
MESSY COUNTRY POLITICS CAN MESS YOU UP! The UK’s vote to leave Europe is creating a hot mess. When a
Soft launch of website today!!! Log into www.bizzychicks.org and sign...
Soft launch of website today!!! Log into www.bizzychicks.org and sign up for the newsletter
Soft launch of website today!!! Log into www.bizzychicks.org and sign up for the newsletter
BREXIT: IT IS NOT THE END OF THE WORLD, PEOPLE!But...
BREXIT: IT IS NOT THE END OF THE WORLD, PEOPLE! But it will affect you, wherever you live. Here are 2 ways: If you are a traveler, now is the time to book a trip to the UK. Cheapest time in 31 years! If you need a mortgage (or other loan), lock in the rate! Interest rates are hitting new lows, and will be low for several months. Financial markets were rocked by this vote: stocks down, interest rates down, volatility up. However, don’t expect everything to worsen from here. The real repercussions of the Brexit vote will be over the next decade. The trend is real – nationalism is trumping unity.
BREXIT: IT IS NOT THE END OF THE WORLD, PEOPLE! But it will affect you, wherever you live. Here are
IS THE UK LEAVING EUROPE? What is ‘Brexit’ and should...
IS THE UK LEAVING EUROPE? What is 'Brexit' and should you care? This Thursday a key vote takes place in England, where citizens vote whether they want to REMAIN in the European Union or LEAVE. While a 'leave' vote will have drastic effects on the UK, and significant effects on Europe, there won't be much obvious impact on the daily lives of people elsewhere. However, a LEAVE vote can and will impact financial markets in most places! Expect volatility. Expect England's and EU economic growth to slow. Interest rates will stay low or fall further. UK's currency (the British pound) will weaken. Bright side? Tourists to the UK would find it cheaper to visit! Stay tuned for further insights based on Thursday's outcome..
IS THE UK LEAVING EUROPE? What is ‘Brexit’ and should you care? This Thursday a key vote takes place in
Sometimes you just need to pause, take a look around,...
Sometimes you just need to pause, take a look around, and wait for the right time to move. That’s what the Federal Reserve, which is the USA’s central bank, did this week. They decided not to raise interest rates, leaving them unchanged at very low levels. Unlike the view in this picture, when these officials look at the world’s economy, they don’t see a pretty scene. They are worried the US is slowing, and the rest of the world is facing new risks (the UK might vote to leave the European Union!) If you have loans, or are looking to borrow, interest rates will stay very low for even longer. However if you are a saver, the rate you get paid doesn’t look too exciting.
Sometimes you just need to pause, take a look around, and wait for the right time to move. That’s what