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5 Reasons Financial Planning Is Different For Women Than Men

Financial planning saves a lot of stress and anxiety over money. Both men and women - single or married - should take part in planning for their future. But women face a different set of challenges. This article is not intended to express how difficult it is to be a woman. Women have tremendous opportunities and have already come a long way in the working world. That being said, their financial planning needs can be altered in many ways by factors that may be out of their control. The 5 reasons women need to plan differently are outlined below. They…
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6 Financial Investments to Take This New Year

Every New Year usher new hopes, aims, and aspirations which are unique for everyone. When it comes to achieving financial goals, it is never too late to start though it is advised to start as early as possible to get better returns. In the pursuit of achieving your financial goals, you need to first understand the potential investment options in order to make the right decision that will not only ensure financial stability and freedom for yourself but for your loved ones as well in the years to come. The idea is to start small; you do not need pots…
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5 Ways Being Overweight Costs You Money

Obesity is not only costly to your health, but being overweight also has adverse implications on your finances. Apart from the obvious medical expenses associated with treating health conditions such as diabetes and high blood pressure arising from being obese, here are 5 nonmedical ways being overweight costs you money. Loss of income Lost wages are the earnings an employee does not receive from their employer because they missed work or were unable to work for one reason or the other. This is lost time, and since it was unproductive, it cannot be compensated. An overweight person is bound to…
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Top Three Things You Should Do After Winning the Lottery

Winning the lottery can be a very overwhelming experience, especially if you are dealing with millions of dollars in earnings. Being handed over that kind money will naturally tempt you to splurge on all the things you've missed before because of your lower financial capacity. You might immediately go on a shopping spree, series of travels, handing some of your winnings to others, and so on. Sure, there's nothing wrong about pampering yourself with your well-deserved reward or sharing it with someone. However, remember that the cash you got after winning the lottery will eventually run out. Just look at…
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3 Biggest Downsides of Bad Credit

Ideally, all of the decisions we make in life involve consideration of both the pros and the cons of the possible outcomes. For example, the decision to eat a piece of chicken past its expiration date should be based not just on the potential for a tasty dinner, but also the potential for a less-than-pleasant gastro-intestinal reaction. In other words, most things in life have both upsides and downsides, and our actions should be - though aren't always - predicated on whether the upsides outweigh the downsides. While many bad decisions can occur as a result of a failure to…
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10 Common-Sense Ways to Cut Expenses and Get Rid of Debt

Do you know how much you spend on groceries every month? Do you understand the way your monthly home bills add up? These are just a couple of questions to ask yourself when figuring out how to cut expenses. Better budgeting doesn't mean you live a boring, restricted life or have to feel weighed down by money. It's actually the exact opposite! When you have a deeper understanding of your savings and expenses, you're able to do more with less. You can still enjoy your life within a reasonable means of spending, while also putting more money away in your…
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Top 5 Frugal Living Ideas to Save Money for Emergencies

Are you looking for ways to live frugally and save money? Frugal living means being resourceful and not spending more than required. In short, it implies that you are a careful spender and stay content living with less to save money for emergencies! Benefits of Frugal Living Practicing frugal living cannot only save you a lot of money but also help you in many other things, including: Fast debt repaymentNo paycheck to paycheck livingSafe early retirementFulfillment of dream vacation goals Tips for Frugal Living Here is a list of frugal living tips that will help you do away with some…
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5 Risks/ Rewards Of Today’s Investment Options

Each of us, have a variety of investment choices, and/ or, options, to choose from, when we decide, the best way, to invest our funds! Each of these has both, risks, and rewards, and based on a combination of one's personal comfort zone, needs, goals, priorities, plans (short - term, and longer - term), and personal financial situation, a decision should be made, on a personal level, because, this is, anything, but, a, one - size - fits - all, situation! One must learn, as much as possible, and proceed, with a clear - mind, focus, and create his personal…
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Can I Sell My Private Mortgage Notes?

Can I Sell My Private Mortgage Notes?

n this country millions of homes are sold every year. In most cases buyers go to a bank or finance company to seek mortgage financing. In some cases, 200,000 in the U.S., home buyers rely on the seller rather than a financial institution to provide financing because: o The purchaser may not qualify for a traditional mortgage. o The purchaser may be a relative looking to save on closing fees. o The seller may be interested in having a long-term income stream. Often the seller is pressured into providing financing for the purchaser instead of receiving a lump sum. This…
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5 Ways That You Can Retire on Your Terms Even If You Are Getting Started Late

Being a CERTIFIED FINANCIAL PLANNERĀ®, I am naturally more in tune with the truthfulness or, should I say, the intentions of retirement advertising. It's all about hitting the pain points. Not much fun, right? At least buying a new car or a house is fun. Yet sometimes the important things in life are not "fun". Retirement planning is one of those things. When you need a new car, you check out the rates at the credit union. If you need a mortgage you also check rates. In other words, you shop for the best rate before you shop for your…
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