Fear and Anxiety Make Saving Difficult

by Amber Berry on March 17, 2017

Fear and Anxiety

Fear and anxiety manifest in many ways. When it comes to money matters, it is very common for people to express fearful and anxious feelings through avoidance. They may avoid looking at their bank account balances or opening bills. No matter what it looks like, people often find themselves drowning in the worry that they will lose everything. As a result, they do nothing.

This is a problem because inaction can keep you from meeting your saving and investment goals.

What causes this fear and anxiety?

When it comes to saving, the question “How do I save?” always comes up.

Deep down, people know that it is pretty straightforward. You set aside a designated dollar amount or percentage of your income for savings. But accomplishing this requires two things: that one take a hard look at the numbers and exercise discipline.

Generally, neither of those things are very pleasant. And research shows that when it comes to finances, it’s very common for people to wait until there is a crisis to ask for help. Which makes looking at the numbers traumatic for some individuals. Sometimes, just the idea of making a budget can throw people into a panic attack. The fear of running out of a money is a very real experience for many, many people.

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Automate Your Budget With Mint

by Sean Bryant on March 15, 2017

Sitting down and creating a budget is just about the least sexy thing you could ever do. It’s certainly a lot more fun to spend money with abandon, then deal with the consequences later. But it can be empowering to know how much you have to spend on various things each month, and to not feel guilty when following through with planned payments in certain categories.

Though there are many ways to go about creating and following a budget, Intuit’s software, Mint, is among the most intuitive. After a very basic setup, it runs almost completely on it’s own on the background.

Here’s how to automate your budget with Mint.

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What’s an IPO and What Going On With Snapchat?

by Amber Berry on March 13, 2017

What's an IPO

Snapchat is a popular social media mobile application. For those unfamiliar with it, the signature feature of Snapchat is the disappearing messages you can send to your friends. You can send pictures, videos, and even text messages that expire after a time limit the sender sets. They also offered the opportunity to create a Snapchat story. Where all of your videos and images will be available for 24 hours. Over the past few years, Snapchat has grown in popularity. As they expanded their features, it became a way for influencers to connect with their followers. Recently, Snapchat became a publicly traded company and there are some very interesting discussions about it. Before diving in, let’s discuss what it means to be a publicly traded company.

What’s an IPO?

An IPO, or initial public offering, is the first time that a company is available to public investors.

When a company is ready to grow and expand, one way to do that is through fundraising. Typically, we think of fundraising efforts like bake sales, lemonade stands, and raffles. But in the case of a growing business, it looks bit different. Instead of selling tangible objects, a company will sell part ownership of their company in the form of shares.

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Reverse Mortgage Application

If you are a senior citizen and find yourself in need of extra cash, the last thing you might want to do is take out a regular mortgage on your home, especially since you would have to make monthly payments that you may not be able to afford. But you do have other options. One of them is a reverse mortgage.

The Federal Housing Administration (FHA) and the U.S. Department of Housing and Urban Development (HUD) are responsible for several aspects of housing in the United States. One of their responsibilities is to help senior citizens like you to access their home equity and use it for other purposes by means of home equity conversion mortgages, or HECMs, which are also known as reverse mortgages.

How Reverse Mortgages Can Help You

When you apply for a standard mortgage application you are required to pay back the loan in monthly installments. In this case, the reverse will be true. You will actually receive monthly payments (unless you request lump sum payments). The loan is based on the value of your home. Part of the home’s equity is converted to cash so that you can pay bills, make home repairs, or perform other necessary maintenance. This special type of loan through the FHA can be quite useful because there is no need to pay it back right away. It is only due to be paid if you move out of your house or violate the written terms of the mortgage.

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Inflation: The Invisible Retirement Looter

by Luke Orlando on March 8, 2017

Inflation

When planning for retirement, nothing is more exciting than plugging in your annual savings, choosing an expected rate of return, and then seeing the massive dollar amount you can expect as your nest egg matures. But is what you see really what you get? Unfortunately, as inflation again rears its ugly head, the answer is a resounding no.

An Old Problem Returns

After nearly a decade of low inflation, many investors – particularly younger ones – have forgotten its corrosive impact on retirement savings. But with the Federal Reserve planning an aggressive policy of interest rate hikes – a sure sign of inflation fears – investors should be prepared for the effects of declining purchasing power on their long-term strategy.

My grandparents constantly remind me that they used to buy a gallon of gas for a quarter and a cheeseburger for a dime. While many of us know this story all too well, how many have considered the impact this will have on our prospects for retirement?

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4 Important Considerations to Make Before Purchasing Property Overseas

March 6, 2017
Purchasing Property Overseas

Whether you are dreaming of being a snowbird on your favorite Mediterranean beach, retiring somewhere with a lower cost of living or just capitalizing on a hot but inexpensive housing market, investing in foreign property is a great way to diversify your financial portfolio and own a vacation home. But before you take the leap, […]

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Acorns Review – Savings Made Simple

February 27, 2017
Acorns Review

Acorns Review Acorns is a growing platform in the robo-advisor space. The company has a fresh perspective on investing for the everyday person. Micro-investing is a newer idea in the investing world and it’s about setting aside small amounts of money frequently. This is a good choice instead of requiring a large lump sum. This […]

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