Financial New for Everyone
By Sandra Hayes If you’ve got $50,000 burning a hole in your pocket right now, investing it seems to be the right choice to make. When you have that much cash available, how you proceed depends on your situation. Are you wealth-building, saving for retirement, or trying to get out of debt? It also helps to diversify your …
By Sandra Hayes After the coronavirus lockdowns of 2020 that spared essential businesses only, global economies tumbled by 10% to 30% – and sometimes more. The U.S. experienced a 31.4% reduction in GDP from the year before. That information translates to an expected 4% GDP decrease worldwide. It’s one of the steepest declines on record. The Trump Administration …
By Sandra Hayes COVID-19 exposed the fragility of the global economy. In the United States, many people don’t have enough money in savings to cover an emergency expense of $1,000. What can you do in that situation if you experience unemployment unexpectedly? The reality of financial survival is that you must start before something lousy happens. Your priority …
By Sandra Hayes COVID-19 caused all of 2020’s predictions to get turned upside-down. What the world thought were safe growth sectors are now struggling to survive. That doesn’t mean investment opportunities dried up entirely. You’ll find several excellent prospects out there that can help your wealth grow in 2021 and beyond. 1. Grocery Foods Food producers hesitated when …
By Sandra Hayes The Motley Fool is a private investing and financial advice company. It was founded by the Gardner brothers, Tom and David, in 1993 with Erik Rydholm. The group provides online subscription services for stock research and analysis with some wealth management recommendations. Tom Gardner continues to serve as the CEO of The Motley Fool. He …
By Sandra Hayes Times are challenging for many families right now. The self-imposed recession due to COVID caused the U.S. GDP to drop an unprecedented 30%, with millions of people out of work. Trying to find a job or income during these circumstances may seem like an impossible task. Knowing how to meditate for money will not cause …
By Sandra Hayes Flipping a house is a solid strategy for a side income. If you remodel a home for a year or two, you can make over $100,000 on some properties. Although you’ll need construction knowledge, power tools, and a lot of energy, some people earn a full-time income by remodeling structures. The best books on flipping …
By Sandra Hayes The best way to change your spending habits is only to buy things that fit within your budget. If you don’t have limits in place, living beyond your means can happen without realizing the problems. How do you avoid spending less than what you earn each month? It looks different for each person and family. …
By Sandra Hayes Everyone should have an emergency savings account. This fund needs enough cash available to cover at least six months of common expenses. That figure represents your mortgage, utility payments, and healthcare costs. The figures for your monthly bills are easy to predict. Knowing how much to pay your doctor is a different story! A reasonable …
By Sandra Hayes People who come from a religious or spiritual perspective contribute money to their church, synagogue, mosque, or similar congregation. Some households practice a form of donation called tithing. A tithe is a specific percentage of earned income that automatically goes to one of the above institutions. Can I claim tithes on my taxes? The answer …