There may be a biological reason why it’s hard to save money. Our minds were never wired to plan for future events. Back in prehistoric times, “success” meant surviving another day, not planning to live to 95 or beyond! Click the picture above for some smart tips to help make you a better, savvier saver.
Your definition of “long term” may be vastly different than what financial experts think. Read through the link below to ensure your investing time horizon is realistic for your life goals.
Compounding can be paramount to a successful investment plan. When you put off investing to a later date, you risk having to invest much more money to counteract the effects of not investing sooner. This chart shows how time in the market can make the difference between hitting your important retirement goals and falling short. This is a great chart to share with children or grandchildren who are just starting to save and invest.
Minor expenses (such as that $5 a day coffee habit) can cost you thousands over a 10 year period. After putting your expenses into this helpful calculator, you’ll never look at your Starbucks trips the same way again.
This helpful chart shows why it may be important to think long term about your portfolio goals — no matter what the markets do in a 12 month period.
For added Olympic spirit and inspiration, here is a video for anyone who has ever tried to do something and thought, “It’s just too difficult.” After meningitis left 19-year-old Amy Purdy a paraplegic, she went on to become the top ranked adaptive snowboarder in the U.S. and 2014 Paralympic bronze medal winner. Learn how a determined Ms. Purdy wouldn’t allow personal tragedy to hold her back from her dreams and bright future. You’ll never say, “I can’t do it” again!
While most of us find it easy to write down our resolutions, it’s a lot harder to keep them. This article illustrates surprising and shrewd ways to stay on your newfound track.
Meeting your financial goals can be easier if you are specific, so check out this article that suggests taking a sharp look at your expenses and income opportunities in order to turn those goals into reality in 2018.
Read more about how to write a great thank you note, while we’re in the season of giving thanks!