Should you be setting financial goals? A skill everyone should have is making financial goals.   Many of us don't know where to start or we don't know what the right path is.   Do you want to find out how? Stick around. Making financial goals is an important step in creating a solid foundation for your financial future. By setting clear, specific, and achievable financial goals, you can better manage your money, reduce financial stress, and make progress towards your long-term financial objectives. There are several reasons why making financial goals is important: Financial goals provide direction and focus. Without financial goals, it can be easy to get caught up in the day-to-day expenses and lose sight of the bigger picture. Setting financial goals helps you to stay focused on what you want to achieve and gives you a roadmap for how to get there. Financial goals help you manage your money more effectively. By setting financial goals, you c

  6 Rules of Investing In A Recession During a recession, it's natural to be concerned about the potential impact on your investments. However, it's important to remember that recessions are a normal part of the economic cycle, and they can present opportunities as well as challenges. Here are a few ideas to consider when investing during a recession : Diversify your portfolio By investing in a variety of asset classes and industries, you can help to reduce the overall risk of your portfolio.   The best time to do this is before a recession hits. Focus on quality During a recession, it can be tempting to chase higher returns, but it's important to remember that quality investments are more likely to hold their value during tough economic times. Consider defensive investments Some investors may choose to allocate a portion of their portfolio to defensive investments, such as bonds or cash, which may be less sensitive to economic downturns. Look for opportunitie

 How To Lower Your Investing Costs Investing can be a powerful tool for building wealth over the long term. However, the costs associated with investing can eat into your returns, reducing the overall efficiency of your portfolio. These costs can include fees for buying and selling investments, account maintenance fees, and other expenses. As a result, it's important to focus on minimizing investing costs whenever possible. In this article, we'll look at a few strategies for keeping investing costs low and maximizing your returns. Choose low-cost investment options : One of the most effective ways to keep investing costs low is to choose investment options with low fees. This can include index funds, exchange-traded funds (ETFs), and other passively managed investment vehicles. These options typically have much lower expense ratios than actively managed mutual funds, which means you'll pay less in fees for the same level of diversification and exposure. Use a discount b

  You Are the Best Reason to Start Investing Investing in yourself is a smart move – you’ll get an immediate return and can reap long-term benefits. It takes work, though; it isn’t some sort of magical solution to all your money woes. It involves setting goals , doing your research, and taking action . And the best part? It doesn’t involve spending a ton of money. You don't have to be a millionaire to make meaningful investments in yourself! With a little bit of effort and determination, you can start building skills that will reap dividends for years to come. Here are 20 ways to invest in yourself and your future: 1.                Start a Retirement Plan: As a 20- or 30-something, you may not think about your future life as a 70- or 80-something — but you should! Just like with your emergency savings, starting to build up a retirement plan now will give you the financial security you need in later life. Thanks to compound interest, the earlier you start saving for retirem

  Saving vs. Investing to Reach Your Financial Retirement Goals One recent report says that 64% of Americans will only have $10,000 in their retirement accounts when they retire. If that seems like a lot right now, it's not even close to enough to live on when you stop working.  Retirement can last for 30 years or more. [1]    Saving is good, but it can only get you so far. If you have put off planning for your retirement, it's not too late to start. You could have the retirement of your dreams, but it will take some planning, work and time. Today, we'll talk about seven compelling reasons why taking charge of your finances now can help you in the long run. Inflation Matters. Prices of goods and services will go up and down over time. But overall, prices tend to go up over time, and this is called inflation. Over time, inflation can make the money you've saved worth less. Putting money away in a separate account for retirement is a good first step, but you shoul

 Taking Action To Get You To The Top "It is not enough to take steps which may someday lead to a goal; each step must be itself a goal and a step likewise." - Goethe. If you've ever felt stuck in the same old cycle of procrastinating, you know how difficult it can be to overcome the inertia and start moving toward success. It's not impossible, though! Taking action is the key to unlocking your potential and achieving success in whatever you set out to do. Whether it's getting through that mountain of paperwork on your desk, launching a successful business venture, or even just getting up from your couch - taking action can seem impossible when you feel overwhelmed. That's why we have compiled this list of simple steps to help you take action in life and start making progress. From setting realistic goals to finding motivation and building momentum, these tips will help you get over that procrastination hump and into a positive growth cycle. So, let'

  How To Build Your Financial Self Confidence Have you ever heard of the phrase “saving for a rainy day”? Well, it’s not just a phrase - It’s an essential life skill that every person should learn to gain financial self-confidence. Despite the many obstacles life throws our way, having a healthy relationship with your finances can help you weather any storm. But how do you build this type of self-confidence? Well, that’s exactly what this post is all about – we’ll be exploring 10 simple but incredibly effective tips to help you gain control of your finances and start feeling more secure in the long run. Let’s get started!   1. Start with a budget Imagine that you are driving a car. You get in and go to your destination, simple.   But, i f you start driving without a destination in mind, you aren’t going to get to where you need to go. The same concept applies to money – if you don't know where it's going, it can't help you reach your financial goals. That'