Financial Habits

This category deals specifically with the habits needed for physical and financial fitness.

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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Procrastination and Your Money: How Can You Overcome the Challenge?

I am sure you are familiar with people who are known for a fear of commitment. For a variety of reasons, they have avoided any long-term relationships or obligations. They may even talk constantly about settling down with a marriage partner, getting into shape, or finally finishing their degree. It is likely they struggle with …

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Diversified Portfolio – Don’t Put All Your Eggs In One Basket

“The best offense is a good defense”. That popular phrase usually applies to sports. However, you can make a strong case that it is also very appropriate for your finances!  You are aware of the fact that you need to increase risk in order to gain greater returns. Likely, your emotions tell you to play …

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Credit Cards – Should They Even Be In Your Wallet?

Nothing brings out more mixed emotions than the credit card. Various financial writers feel that credit cards are pure evil.  They will give you countless of examples of people who abused credit cards and ended up in financial ruin. Other experts will mention the many benefits that credit cards offer. You might get the impression …

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Cash Flow Management – Make it a Regular Financial Habit

One of the key habits of good personal finance is cash flow management. You might immediate think of a business when you hear the term, since it is a critical concept in managing a successful business. However, there are many concepts from the business world that apply to personal finance. If you manage your money …

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