Month

December 2016

Budgeting Your Way to Financial Freedom

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.

Budgeting Your Way to Financial Freedom

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Up-to-date Obligations of Your Stockbroker

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.

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How Facebook is Putting you at Risk for Identity Theft

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.

How Facebook is Putting you at Risk for Identity Theft

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How to Profit During a Bull & Bear Market

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.

How to Profit During a Bull and Bear Market

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