Personal Finance

This category deals with topics specific to personal finance and provides advice and guidance on various financial products.

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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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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Understanding Investment Asset Classes – Why Is It So Important?

I often discuss the benefits and advantages of having a diversified portfolio. What exactly does that mean? A critical point to understand is the importance of having various asset classes in your portfolio. An asset class is simply a group of stocks or bonds that share similar characteristics. These businesses are not necessarily in the …

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Money Friction – How Can You Strengthen Your Relationships?

Money friction can end up being the main source of disagreement in a relationship. You are probably familiar with the common statistic that roughly half of American marriages end in divorce. Out of those marriages, estimates are that between 35 to 50 percent of them ended because of money problems and disagreements. Throw in a …

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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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Car Leases – Are They the Right Fit For Your Circumstances?

I do not think there is one thing that causes more debate in the financial community than car leases. You could read 100 different articles on buying versus leasing and probably get 100 different opinions. Some writers would probably rather see you burn the cash in a large pile than lease a car because they …

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Risk Management Process – How Does it Impact Your Daily Finances?

Most of us do not give much thought to the risk management process when it comes to our personal finance. Perhaps you think it is just some abstract business concept that is as exciting as watching paint dry. The reality is that successful risk management is essential to proper financial planning. I love the classic …

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