A Personal finance blog to get rich
The United States of America is a land of vast opportunities. With each dawning day, many individuals travel to America to make their dreams a reality. However, it’s quite unfortunate that these USA immigrants face a challenging financial situation.
It’s often a result of a lack of credit history. It becomes hard to build an identity in a country where they want to meet their goals. It’s why building a credible credit history is essential for setting up a life in the USA.
COVID-19 has shown all of us the importance of an emergency fund. Most people operate on the “it probably won’t happen to me” philosophy; until it happens to them. The fact is, a major life-changing (or threatening) event can happen to anyone at any time, and pretending like it can’t is a good way to set yourself up for maximum damage when it does occur.
Many Americans have less than $1,000 in their savings account—hardly enough to subsist on should they be out of work for several months. An emergency fund should consist of about 3-6 months’ worth of expenses, or so the experts say.
Investing is remarkably easy these days, and you don’t need to work on Wall Street to buy stocks and shares or play the forex markets. Thanks to online trading platforms, anyone can become an armchair investor, but there are many pitfalls to be aware of. There are common mistakes beginner investors make.
Beginner investors are often sucked in by wild claims of huge profits for very little effort. But for every Instagram influencer showing off his Maserati and piles of cash, there are thousands of people who lost their pants when they misunderstood the power of leverage.
Securing your financial future is something you should consider regardless of age or status. With some planning and a little foresight, you could be well on your way to carving out a future free of debt and worry.
Being financially comfortable when you get older will not only make it easier to live life to the full but could provide you with choices you wouldn’t otherwise have. Here are 4 ways to secure your financial future.
Career advancement usually goes hand in hand with an increase in salary and other benefits, so it’s a good idea to set yourself some realistic career goals and plan how these can be achieved.
Many of us have thought about financial freedom at some point.
What is it?
It’s a concept that seems almost too good to be true for some people-
Money often makes the world go around – whether we like it or not. Though having a lot of cash in your bank account might not be able to make you happy, it does make it a lot easier to avoid stress, anxiety, and other common problems. Fortunately, you don’t have to be a millionaire in the making to live a comfortable life.
Sometimes, all you need to do to gain financial independence and stop stressing over your cash is to improve the relationship that you have with the money that you do have.
The New Year is a perfect time to look back on your life and decide what things you’d like to change and where you’d like to find improvements. It’s always difficult to make resolutions, but under the right circumstances and with the proper motivation, it can be done.
This year, why not make it a resolution to fix your personal finances and get yourself out of debt? Besides signing up for a debt consolidation program, here are five money management tips that will help you achieve your goals.
This weekend I was doing some de-cluttering exercise at home. Many unwanted papers I got rid of. While doing so, I came across a handwritten note at the back of my old bank statement, probably it was the first bank statement I received after opening an account with Bank Of America. The title said “A Complete Guide to credit score”.
I came to America in August 2005, I belonged to a country where there is no system for maintaining credit scores. There, Lenders, and probably government too, believe in the fact that money can be reclaimed by force.
Anyways, that’s another story, which I will touch upon a bit in various upcoming blog posts. Today’s topic is about that handwritten note.
While everyone wishes they had a perfect financial situation, this is unfortunately rarely the case. In fact, numbers show that well under 50% of Americans have enough in savings to cover even a $1,000 emergency. However, saving money isn’t the only financial issue that people experience. Many spend too much on things they don’t need or simply don’t know where their money goes every month.
With that in mind, this blog post is going to look at a few underrated tips to improving your financial health and situation.
I am sure you’re anxiously seeing the stock indices volatility and gross downturn past few weeks. Is it abnormal? Naturally, stocks do vary. For example, there are dividend stocks or defensive stocks. A good beginning stock is dividend stocks which give buyers a long-term return. A defensive stock is a good beginning stock for a long-term investment like water, electrical, or utility stocks.
I am not panicking with the recent market downturn. Neither should be you. We need to understand how these markets work. The loss you are seeing now re all paper loss, you don’t make a loss till you sell your positions. I am holding tights on to my stocks and funds.
