You need a clear plan to increase your savings or pay down debt in 2019.
Entrepreneur, author, and television host - Paul Carrick Brunson has become recognised internationally as one of the most successful matchmakers and small business leaders in the last seven years. He founded and exited three businesses, host two television shows, spent nearly a decade working directly for a billionaire. “My goal is to help you live your best life,” he says. On Saturday, Brunson will headline the JMMB Group's empowerment event, dubbed, 'Elevate'. Brunson shared with Loop News, eight ways to unlock financial success in 2019. Check out what Brunson had to say in the Q and A below. Paul Brunson (Photo via Paul Carrick Brunson's Facebook) Q: How can one transform one's New Year's
Even the biggest goals are achievable if you have a roadmap on how to do it. Follow these steps and you'll be well on your way.
Setting aside money in a 401k can be a smart way to save for retirement. Accessing your retirement account before you reach 59 and a half is never ideal, as you could face steep tax penalties that will take a big bite out of any withdrawal you might make. GOBankingRates surveyed nearly 2,000 people who have made early withdrawals from their retirement funds to find out why they opted to tap into their nest egg earlier than expected. Read on to learn why people dip into their retirement savings early, and what better alternatives might exist.
It's January and you've gone and done it: You've resolved to keep better track of your personal finances. But deep down, you're not sure where to start. Sure, you can buy accounting software, sign up for a service or poke around your bank's online offerings for money management. But don't overlook what is probably the best option of all: a simple and free spreadsheet you make yourself. Never used spreadsheet software before and not quite sure what it does? Relax, using it to make a budget is easy, because someone has already done most of the work. Here's how to get started. Step 1: Pick your program First, select an application that can create and edit spreadsheet files. Microsoft Excel has long
January has the dismal title of being called “divorce month.” The number of divorce filings spikes each January. Many couples do not want to put their families through the trauma of divorce during the holidays, so they wait to file after the new year. No matter the time of year, divorce does not come cheap. The average divorce in Texas costs $15,600 and takes 12.5 months. Older adults are not exempt from the divorce statistics, according to the Pew Research Center, since the 1990s, the divorce rate among those 50 years of age and older has doubled. The realities of divorce are stark, especially during retirement years. Those divorcing later in life tend to be less financially secure than those
Stock charts make it easy to see how the market's doing at any given time — green means up, red means down — and during a bear market, it's generally red as far as the eye can see. For many people, the color red means one thing: stop. But to stop investing generally is a bad idea when the market gets scary. Worse yet? Selling stocks out of fear. It takes resolve to keep investing during a bear market. These market events, defined as declines of at least 20% in asset prices from a recent high, likely will happen a handful of times during your investing lifetime. In the past 50 years, the S&P 500 has experienced six bear markets, according to data from Yardeni Research. (Confused? Get some background
Much like Santa, you spent this holiday season delivering gifts to your family members and friends. But now that the flurry of tinsel and wrapping paper has settled, it's time to be your own Santa. Don't worry, no dropping through a chimney required. Just the gift-giving — and, OK, maybe the cookies, too. That's right: Now it's time to buy a few gifts to give to yourself. Done the right way, treating yourself can be enjoyable and within your budget. Here's why it's a good time to look out for No. 1. YOU CAN GET WHAT YOU WANT Was your heart set on something that didn't appear under the tree? Now's your opportunity to get your hands on exactly what you had in mind. And since the post-Christmas
Affluent U.S. families expect to spend $233,000 or more to raise each of their children, thanks in large part to education costs. In the Northeast, wealthy parents estimate that they'll spend an average of $996,000 per child.
It's conventional wisdom that workplace wellness programs lead to a more engaged and productive workforce. And savvy HR professionals understand that the most effective wellness programs must go beyond physical wellness and incorporate mental health programs too because, according to Deloitte, 77% of employees have experienced symptoms of poor mental health. But it's the most forward-thinking HR professionals who understand that financial wellness must be part of the package as well. After all, financial wellness is a significant part of the mental and emotional health of working adults and the fact is, too many workers are worried about money. According to PwC, 54% of workers report feeling
The Insider Picks team writes about stuff we think you'll like. Business Insider has affiliate partnerships, so we get a share of the revenue from your purchase. Personal Capital is a robo-advisor with a paid component and a free version. The free version of Personal Capital can help you figure out how much you're paying in fees and determine whether you're on track to reach your retirement goals. Personal Capital's net worth tracker makes it easy to track the ultimate measure of your wealth — your net worth. When it comes to personal finance, I mostly stick to old school wealth-building and expense-tracking strategies. I budget using a pen and paper every month, I invest most of our money into
By most measures, 2018 was a wild financial ride. It was one of the most volatile years in the stock market on record, which may have had many investors checking their blood pressure more often than we ...
It's not cheap to raise a child in the U.S. The typical American parent expects to spend around $348,000 per kid over the course of their lifetime, according to wealth management company Personal Capital's 2018 Affluent Family Finances Report. For wealthy families, that total can be twice or even three times as much. While 65 percent of rich families say they plan to spend a minimum of $233,000 per child, the total is often significantly more, Personal Capital reports. Over their lifetimes, wealthy parents expect to spend an average of $711,000 per child. That number varies by region. In the Northeast, affluent parents expect to spend a whopping $996,000 to per kid, which is nearly three times