I am a lifelong saver! I will retire in one to two years and everything changes! I have multiple sources of income and enough investments to keep my wife and I very comfortable for more than thirty years. Comfortable is a subjective word, but my mortgage will be paid off and I have no debt. So what is the problem? I have to change my habits and ...
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Money Matters: Investing
Investing is the purchase of an asset or item with the hope that it will generate income or appreciate in the future. An investment is the action or process of investing money for profit or material result. Investing can include buying stocks, bonds, commodities, mutual funds, real estate, currencies, classic or antique cars, antique furniture ...
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Teaching Financial Literacy to Kids
Since this is National Financial Literacy Month, I thought I would start with a definition. “Financial Literacy is the ability to make informed judgments and effective decisions regarding the use and management of money”. Too many Americans are insufficiently educated about their personal finances.Why is it important and when should you learn it? ...
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Recovering from a Massive Trading Loss
The most important element of successful trading is the ability to manage risk and maintain composure. Even the best traders in the world lose on a regular basis. Success in trading therefore is not about avoiding losses. In contrast, we must embrace the process of losing and learn to lose gracefully. ...
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How to Select Good Tenants
How to select good tenants? If you ever thought about investing in real estate, renting out your home or a room in your home, you should read this! Earning money from income property can make you rich or cause you a lot of problems! Late rent, bothering other tenants, destroying property in their unit and elsewhere are just some of the problems ...
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Price Action with Binary Options
Price action is used in binary options to trade with current price behavior while placing less emphasis on past prices. You save more time using price action and see more trading opportunities ...
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April is National Financial Literacy Month
April is National Financial Literacy Month and it is a good time to commit to your financial future. As part of National Financial Literacy Month, learn how to establish and maintain healthy financial habits. A Personal Budget is a good start to achieve your financial goals. It is part of the planning process. The following are the most important ...
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How to get rich without really trying!
If you invest as little as $2,000 a year in a tax deferred account for six (6) years, you will become rich! When you are twenty-two (22) years old, you are not thinking about retirement, but you should. Time is the most important part in investing, it balances stock market volatility, mistakes and you cannot make up time! What do you need to do? ...
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Future: Perfect!
My future is perfect for me! In English, we use future perfect tense to talk about actions that will be finished before some point in the future. In my case, it is less than three (3) years away. My future is certain, however the duration is not! I planned for thirty (30) years in retirement just in case I am right! I plan to have a perfect ...
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Why I Love Taxes!
I love taxes which is a huge paradigm shift for me! I used to hate taxes so much that I used the tax code to reduce my taxes to zero. Yes, that is right, I paid zero taxes for a very long time legally! When you invest in assets, you can depreciate them and use depreciation to reduce your taxes. Is that the only way to reduce your taxes? No, ...
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