Finding and Achieving Financial Goals

For many people, I’ll even say most people, financial goals are very amorphous. Some people just want enough money to cover bills. Other people want to be rich. But if you ask them to be a little more specific, or to describe specific plans with which they are in the process of achieving these ends, they come up short. Personal finance is one of those things in life that needs careful planning and perseverance.

Finding and Achieving Financial Goals

Like fitness, career, family, your financial life won’t get where you want it to be without a solid goal. But even a goal isn’t enough. You’ve also got to have actionable steps to get you there. Finding the goal is the first part, and it may not be as easy as you think. The second part is to plan for achieving those goals. Here are some things to consider when you are solving both parts of this equation.

Things To Know About Inflation

One of the most important factors in regards to the financial health of a nation is its currency’s inflation. While most people do know inflation is what happens when goods and services rise in price, their knowledge of the complex and evolving issue usually ends there. To help expand your understanding of inflation, below are a few things you may have not known about it.

US Historical Inflation Rate

As shown in the above picture, US inflation is now historically low. We do not feel the pressure of rising prices, at least not as much as people from other countries face. But we need to be careful and should take steps that can protect our money and wealth during those high inflation days.

What to Do When Your Finances Go Out of Control

As much as we don’t like to think about money, or how little there always seems to be, the truth remains: money matters. Even the best-intentioned budgets can quickly spiral out of control if unexpected extra expenses begin to pile up such as car repairs, emergency home improvements, or overdue taxes. It can begin to feel overwhelming, but there are ways to arm yourself so that you don’t feel like you’re losing your grasp on your finances.

What to Do When Your Finances Go Out of Control

If you’re already thinking about how to get a hold on your financial situation or get things back on track, then you’ve already taken a step in the right direction. Facing the problem head on may seem like a difficult thing to do, but ignoring the problem is much worse. Here are a few action items to get you motivated and make you feel more in control.

Visa and MasterCard: The Railroads of Money

This is a guest post from John Smith. He blogs about long term investment options. He talked about identifying moats of the economy to invest for long term, in his previous guest post. Enjoy another thought-provoking post!

Earlier, we discussed moats, and how to identify them. Throughout the article, I used Visa (NYSE:V) and MasterCard (NYSE:MA) as examples of moats. In this article, we will discuss why they are fit for a long-term investor, and find Visa and MasterCard’s moats (along with the moats of railroads).

Before examining the moats of the two companies, we must first understand their business. According to the Yahoo Finance business summary of Visa, “The company facilitates commerce through the transfer of value and information among financial institutions, merchants, consumers, businesses, and government entities.” (MasterCard’s description is practically the same).

Reducing Your Student Loan The Smart Way

No one wants to graduate with a huge student loan, so why not think about reducing it whilst you’re still at college, and/or immediately after you graduate. That way, it’s not hanging over you for years?

Reducing Your Student Loan The Smart Way

Reducing Your Student Loan The Smart Way

The burden of student loans is much heavier than it was a decade ago. On average, a college graduate today has about $25,000 in student loan debt. In 2005 that figure was mere $10,000. Education is going to me more costlier over the years. So, what should a student do?