This post is sponsored by 1040.com. All thoughts are my own.
Can you believe it is already February?! Time is surely flying this year. February typically means Valentine’s Day and President’s Day but tax season is also in full swing! If you haven’t filed your tax return yet, you are in luck. Today I am going to explain 3 reasons you should file your tax return with 1040.com!
This is a sponsored post.
Online trading can be a great deal of fun and, naturally, there is always the distinct possibility of enjoying substantial returns over time. Some approach investing as a hobby while others focus on making it their primary income source. Regardless of intentions, emotion always plays a role in trading. It should also be mentioned that “trader anxiety” is actually much more common than many believe. Are there any ways to mitigate the effects of such an emotion and how can you “pay it cool” when the heat is on?
This is a sponsored post.
You need to insure your home, but don’t want to pay too much for home insurance. Saving money on insurance involves investigating to find low-cost policies as well as keeping an eye out for discounts and things you can do to pay lower premiums. Getting advice from an agent is also one way to shave off extra money from your monthly premiums. Insurance is a necessity, but that doesn’t mean that you should take the amount you are paying each month as a given. In addition, it is worthwhile to negotiate with companies to find the best rate.
During December the U.S. Federal Reserve announced an increase in interest rates. The Fed raise the benchmark federal funds rate from the most recent range, between .25% and .5%, to a new higher range .5% and .75%.
The Federal Reserve’s decision about interest rates will have a direct effect on you. An increase in interest rates affects the prices of goods at the store and how quickly the prices go up (i.e. inflation). In addition, they have a direct effect on the money in your savings account, the interest rates you pay on credit cards and loans, and how much car or home you can afford.
Investing is making your money work for you. You can make your money work for you with a variety of vehicles like mutual funds, stocks, bonds and real estate. Myths about investing are everywhere! Myths about investing are especially rampant on social media. The thing is myths about investing are keeping people on the sidelines.
Investing truly is the only way to create long lasting wealth.
Check out these 5 myths about investing debunked.
Happy New Year! With a new year, comes a chance to set new goals and resolutions to achieve. The best way to achieve your desires is to set SMART goals. SMART goals are specific, measurable, attainable, realistic, and timely.
The SMART methodology can be used for any goal that you wish to set. For example, if your goal for 2017 is to lose more weight you could make that a SMART goal by saying the amount of weight you want to lose each month and what you will do to achieve the goal.
Today, we are going to focus on SMART financial goals.
Check out the latest guest post from Andy Hill over at Marriage, Kids and Money. Make sure to read his bio at the end of the post!
When my wife Nicole and I started our marriage, we were $60,000 in debt and spending money like it was our full-time job. I, for one, had no issue with going on vacations, driving cars and updating our home all on credit.
When we started thinking about having kids, Nicole and I knew it was time to break our addiction to debt. We knew we needed a plan to master our money.
We heard that developing a monthly budget could help us in eliminating debt, saving more money and reaching our goals. So, we gave it a go. In was rocky at first, but soon it became a habit.
Fast forward six years later, we’re debt-free and our net worth has increased by $500,000. In 12 months, we will own our home outright and we’ve never been happier.
The catalyst for this major change in our lives was creating and sticking to a monthly budget.
Here are the steps we took to our own future through budgeting.
Stock trading is one of the most rewarding business endeavours. With the introduction of online trading platforms such as CMC Markets, there has been a tremendous increase in both investors and professionals involved in stockbroking. As a trader, you must do your part in increasing your chances of realizing profits while trying to evade any loss situations. This includes creating a diversified profile and conducting market research before going for a trade. However, success is often achieved when there is a strong combined effort between the trader and the stockbroking professional.
While regarded by many people as a prestigious career, stockbroking comes with heavy responsibilities. Nevertheless, a large number of traders don’t know what to expect from their brokers. Actually, you may be at the mercy of market forces most of the time—which will determine whether you make profits or losses—but it’s the duty of your stockbroker to ensure that every possible action is taken in order to ensure that you stay on the right path, steering clear of the murky waters. Towards this end, your stockbroker should be able to conduct market research, stay up-to-date with financial news as well have enough knowledge on the latest laws on taxation.
Every month or so there is a new game on Facebook. From the mannequin challenge to Throwback Thursday, there is always something new. The newest Facebook trend could be putting you at risk for identity theft.
Identity theft is defined as a crime where a thief steals your personal information, such as your full name or social security number, to commit fraud. The identity thief can use your information to fraudulently apply for credit, file taxes, or get medical services. These acts can damage your credit status and take money and time to restore your good name. Often times you don’t even realize that you are a victim of identity theft until it’s too late – i.e. you are attempting to qualify for a home or car.
Today’s post is a guest post by Andre Albritton from The Millennials Next Door. Check out his bio at the end of the post.
Looking at the stock market can be quite confusing if you are like most people who have no experience in investing. You have hundreds of companies, tons of numbers all of the place and the lingo sounds like another language. With new president-elect Donald Trump, it has become more confusing and volatile. The market has had sectors plummet and other sectors go up. Granted the market has stabilized since Election Day but the fact is we may be transitioning into a bear market from a bull market. However, there are tactics for each market that can help you profit off of any situation.
The market is based on global economic concerns, national economic data, and corporate financial performance. America has been in a bull market for the past seven years. This shows that investors believe the economy is doing well and have an optimistic outlook that strong results will continue. Since investors are optimistic about the market condition they will typically buy stocks while planning to make a profit whether it be for the short or long term. A simple way to remember the bull market is when a bull attacks its horn will strike up.
On the other side, we have the bear market. During this market condition investors are much more cautious about buying stocks and anticipating losses. This, of course, moves investors to sell their stocks instead of holding on to them. Typically a two-month downturn of 20% or more in multiple broad indexes, such as Dow Jones Industrial Average or Standard & Poor’s 500 index, will create a bear market. A simple way to remember the bear market is when a bear attacks its claws strikes down.