Financial Fitness

This category deals with actions that promote financial fitness along with the qualities needed to succeed.

Financial Literacy – Changing the Conversation on Money

Financial literacy is one of the great mysteries of American culture. People in the United States enjoy a very high standard of living overall. For a country that has produced untold wealth for millions of people, the general lack of financial literacy in our culture is shocking. Many Americans struggle with money issues throughout life. …

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Opportunity Cost and the Daily Money Decisions You Make

Opportunity cost is something you deal with on a regular basis. Imagine this scenario in your mind. You were just told that you are being given a gift of $5,000. You can use it however you like. As the possibilities begin to swirl in your mind, you know that a big decision is coming. Should …

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Annual Financial Review – Make This a Can’t Miss Habit

One of the best things you can do is perform an annual financial review. Life is constantly changing, and sometimes it is difficult to keep up with everything. When it comes to your money, take the time to review your situation and make sure everything is in order. The small amount of time invested can …

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Millennial Money Myths – How to Avoid Stereotypes and Succeed Financially

Millennials. Just the mere mention of the term brings out a variety of opinions. It always amazes me how certain generations get assigned a number of stereotypes. Stop me if you have heard these before:Millennials are lazy and entitled.This generation is so selfish and immature.Millennial money habits are terrible. This is truly the “me” generation.Millennials …

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Do You Need a Money Manager to be a Successful Investor?

Would you pay a huge percentage of your hard earned cash to have a money manager invest it for you? That doesn’t sound like a very good deal, but that is exactly what some people do. If you decide to work with an investment adviser, you need to make sure you are getting the appropriate …

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Fear of Investing – Conquer the Things Holding You Back

The fear of investing is a very powerful barrier for a lot of people. With constant talk of stock market crashes and economic slowdowns, it’s natural to have a cautious approach. However, investing is still one of the best wealth builders available for the majority.  It is important to consider facts over emotion when you …

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Living Trust – The Ultimate Cure All For Estate Planning?

Many people begin their estate planning efforts by drafting a will. Another common way people address their situation is through the use of a living trust. Living trusts have gained popularity in recent years, especially among those of the “baby boomer” generation. It is now common to see generic documents and online kits. Many of …

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Index Funds and Mutual Funds – What Should You Look For?

For the vast majority of investors, index and mutual funds are the preferred way to gain access to the stock market. In general, mutual funds are a pool of investments funded by shareholders that trades in diversified holdings which are selected and managed by a professional. Index funds are a pool of investments that match …

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