The rich invest to make their money grow. Unfortunately, too few of us follow their example. We put off investing because we think we’ll be in a better financial place in the future. We tell ourselves that later on we’ll have more money to invest. Unfortunately, later never arrives as we inherit more obligations. A spouse and kids cause expenses to skyrocket, while your … [Read more...]
How To Avoid Getting Fleeced By Your 401K Plan
Imagine if someone stole $1,000 from you? I'd bet you'd be rather hot. But what if someone took $155,000. How mad would you be then? Unfortunately, that’s exactly what’s happening to millions of hard-working Americans. The culprit is excessive 401(k) fees, which siphon vast sums of money away from your retirement savings. According to Demos, a public policy research … [Read more...]
Money Monday: 3 Baby Steps that Will Actually Help You Save Money Starting Today
You could possess all the financial knowledge in the world but still find yourself broke. That's because knowledge is useless until you put it into action. Unfortunately, this is exactly where many of us fail. We know exactly what we should be doing, but we just don't ever get around to doing it. We've too often become so accustomed to our financial circumstances that we … [Read more...]
The Art of Impulse Buying: How to Know When It’s Right
I had to be out of the office this week at an off-site training in the City. Normally, I get in, I get out, I get on with my life. But New York City summers are something I marvel and savor. I took the long way to the train and found myself outside a thrift store whose mission is to raise money for the homeless and for AIDS patients. I really had no intention of … [Read more...]
401K Investors On The Rebound
For those of you investing in a 401K investment plan you've hopefully noticed something good over the past few months... you've made some of your money back. With the economic downturn most Americans took a beating in regards to their retirement savings but since then things have begun to look up. From CNN: Among the swell of bad news that occurred courtesy of the financial … [Read more...]