Friday , 20 April 2018


Personal Finance

Tariffs: What Are They & How Do They Impact the Economy & Your Investments?

President Trump recently announced new tariffs on imports of steel and aluminum, in a move that got mixed reviews from business and political leaders. The new tariffs would increase levies on aluminum by 10% and steel by 25%. There is much debate about the sensibility of these tariffs, but rather than wade into that morass, let's examine what tariffs are and how they impact the economy and your investments.

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5 Major Reasons Why People Go Bankrupt

When it comes to getting into financial trouble and going bankrupt, many people think the reason is poor finances. While this does play a role, there are other reasons why people go bankrupt. In fact, in some cases, the cause of bankruptcy is out of the control of the person involved. Someone who is doing the right things financially and saving money can still find themselves staring in the face of filing for bankruptcy so what are the major reasons why people go bankrupt and what can you do to protect yourself? In this post, I’ll answer these questions. Let’s get started!

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Could You Make Ends Meet If You Were Suddenly Disabled?

You may have little to no control over whether or not a disabling illness or injury will impact your life, but you can prepare for the what-if. If you don't, you could find yourself — and your loved ones — facing financial ruin should the what-if become reality. We all need to ask ourselves: "Could we make ends meet if we were suddenly disabled?"

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Here’s What Happens If You Don’t Have A Will In Place When You Die

Americans are really falling down on the job when it comes to estate planning in part because we just don't want to think about our own mortality and it can be hard to worry too much about what will happen to our assets after we're gone since we won't be around to see it but dying intestate does have some pretty serious consequences, even though you won't be the one experiencing them. Here's the sobering truth about what happens if you don't have a will in place when you die.

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5 Mistakes Investors Make By Going Solo On Their Retirement

Many Americans have taken it upon themselves to do the vast majority of retirement planning without the help of a financial advisor. While that is perfectly fine and legal, it is not entirely wise considering the long-term margin for error. Plenty of things can go wrong, and they do, often leaving investors lost and confused about what they can do to better their circumstances. There are 5 major errors committed by solo investors that can greatly impact their ability to maintain wealth throughout their retirement. Here they are!

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A Look At Five Decades of Middle-Class Wages

...The Bureau of Labor Statistics has been collecting data on this workforce cohort since 1964. The government numbers provide some excellent insights on the income history of what we might think of as the private middle-class wage earner.

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How Would Your Spending Habits Change If You Started Earning Twice As Much – or Half As Much – As You Currently Do?

If you started making twice the amount of money that you do today, how would your spending habits change? Consider if the tables were turned, and you instead were reduced to half of your current income. Where would you likely make cuts to spending? The reality is that the money you have coming in has big implications on how expenses get prioritized – and so it’s interesting to see how people in different income brackets allocate what they have.

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3 Things To Look For In Financial Calculators

In the old days, if you wanted to figure out how you were doing financially, you had to sit down with a pen, paper, and a calculator and do some math but, as technology has advanced and more people took an interest in their finances, more and more financial calculators began to pop up. Today, there are hundreds, if not thousands of financial calculators for you to choose. As great as this sounds, though, not all financial calculators are created equal. Many have shortcomings that could lead you down the wrong path. Today I am going to show you what to look for in financial calculators so that you can choose the one that best fits your needs.

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