Are you prepared to weather a financial storm? Start your rainy day fund today.
The post 4 ways an online savings account helps with unexpected expenses appeared first on Discover Bank – Banking Topics Blog.
(Since April is Financial Literacy Month, a number of articles will be devoted to more educational topics. This is Part IV in a four-part series about how understanding economic cycles could inform your financial decisions. Part I is Understanding economic cycles: An introduction. Part II is Recognizing economic seasons: recovery and growth. Part III is The fall and winter seasons of the economic cycle.)
In the first three parts of this series, you saw how the economy moves in cycles of seven to 10 years, and how each cycle can be broken down into four phases which correspond closely to the seasons of nature. We also looked at some of the telltale signs of economic activity that can help us recognize where we are in the cycle.
You may be thinking, “That’s all interesting, but how can I apply that knowledge to my personal financial life?” Let’s start by decapitating the elephant in the room — market-timing. Market-timing is a fool’s game. However, most of the time market-timing refers to trying to find the high point in the market to sell high. It is true: Nobody is able to tell when a market has reached its peak.
You likely have the skills for one or more of these jobs.
“They sure grow up fast, don’t they?” “The older you get, the faster time flies.” “You can’t slow down time, so treasure your days because they’ll be gone before you know it.” We’ve all heard these thoughts, often from the parents of grown children. If you’re part of the older and wiser population, you may […]
When a distant relative called me for some help with his 401k I was happy to oblige. Anytime I can help someone save for their financial future I get excited. Unfortunately, after several minutes the excitement wore off. The relative had just started his new job and hadn’t even put a single penny into the […]
The post 21 Warning Signs You’re Financially Unstable appeared first on Good Financial Cents®.
Homie unveiled Gen Z home buying trends in a recent survey. Check out our findings here.
The post Gen Z Home Buying Trends Revealed appeared first on Homie Blog.
It’s a new year! Which means it’s a great time to do a new year money checkup. Perhaps you’ve set some goals for the year, or maybe you just want to make this year even better than the previous one. Whatever your reason may be, a new year money checkup can help you find places […]
The post Annual Money Checkup – 18 Ideas To Put On Your Checklist appeared first on Making Sense Of Cents.
The OKR framework is a method used to bridge the gap between strategizing and executing ambitious business goals, but it can be used for personal goals too. OKR, which stands for âObjectives and Key Results,â has revolutionized the way the corporate world approaches goal-setting. OKR allows teams to focus on big picture outcomes and achieve
The post How to Use the OKR Framework to Reach Your Life Goals appeared first on MintLife Blog.
Regular followers on this blog and my YouTube videos know that Iâm a pretty positive guy. So why would I take on a topic like how to prepare for the next recession? And why would I even speculate that it may happen as early as this year? Because itâs going to hit â sooner or […]
The post Recession Proof: How to Prepare for the Next Recession appeared first on Good Financial Cents®.
At the age of 50, I was laid off.
It was a Thursday morning in August of 2013 and it came on a conference call along with hundreds of co-workers. I had been working in one way or another since the age of 13 â babysitting, apple picking, camp counselor, journalist. It was the first time I had ever been involuntarily out of work.
Did I mention it happened while I was technically on vacation? Yep. I had to dial in to a conference call to lose my job while at the beach on Cape Cod. Oh, Corporate America.</