March 2018 9
When it comes to living expenses, the truth is that most Americans live on a very thin margin. Seventy-eight percent of Americans are living paycheck-to-paycheck to make ends meet, according to CareerBuilder. The good news is that if you take a closer look at how you live, you’re likely to find many areas in which you can trim expenses and give yourself an extra buffer.
When the Federal Reserve raises interest rates, you feel it.
“The Federal Reserve has its fingers in your pocketbook to a greater degree than the IRS,” says Michael Reese, a CFP professional in Traverse City, Michigan.
The Fed most recently raised rates in December and forecast that there will be multiple rate hikes in 2018, with the first one likely occurring at this week’s meeting.
The committee sets monetary policy, primarily by raising or lowering the Fed’s target for the federal funds rate, which is used as the benchmark for a range of consumer interest rates.
Here are seven ways the Fed affects your pocketbook.
Warren Buffett is one of the richest people in the world because he saved and invested – and didn’t follow get rich quick schemes.
Wealth is attainable to everyone with good financial habits, and you may already be on the right path.
Spending less money than you earn, saving for retirement, and investing money are simple ways to become wealthy.
Owning bitcoin won’t guarantee future wealth – but the right saving and investing strategies will.
At least according to Warren Buffett, who considers cryptocurrency a get-rich-quick scheme. Though chances are slim you’ll end up with the multi-billion-dollar fortune Buffett has, there are sensible ways to build wealth without betting on a bubble.
It’s hard to put a number on “wealth” because it’s personal and it depends on many factors, including where you live. Generally, having wealth means not having to worry about being able to pay your bills and knowing a comfortable retirement at a decent age is feasible.
These 11 indicators are easy to follow and will help you build wealth – whatever that means to you. Even better, a lot of these tips go hand-in-hand and require little work or maintenance.
If you are already following this advice, congratulations! You are on the road to being wealthy.
Just because you’ve retired from your primary career doesn’t mean you’re finished working. In fact, some retirement advice is to keep working at least part time.
Whether you need the money to make ends meet or are just figuring out what to do in retirement, there are options, especially work you can do from your own home.
Click through to find out which jobs are perfect for retirees.
Take action today. Quick, little improvements can have a big impact over time. Improve your spending with these tips on how to spend money wisely!
Current mortgage rates are holding low.
If you missed your chance to refinance your home last year, it may not be too late to secure a world-class mortgage rate. Dropping your rate by just 1.0% — from 5.25% to 4.25% — puts ten percent of your mortgage payment back into your pocket each month.
That means for every $1,000 you pay to your lender today, you could reduce your payment by $100. That’s $12,000 saved over the next 10 years — simply by doing a refinance. Additionally, there are still millions of homeowners eligible for a refinance — and you may be one of them.
Still unknown to many, this brilliant government program called the Home Affordable Refinance Plan (HARP) could benefit millions of Americans and reduce their monthly payments by as much as $4,264 each year.
Homeowners have even used HARP to eliminate up to 15 years of mortgage payments! You could bet the banks aren’t too thrilled about losing all that profit and might secretly hope homeowners don’t find out before time runs out.
So while the banks happily wait for this program to end, the government is doing absolutely nothing to extend the program and cut mortgage payments. The program is set to expire in 2018, but the good news though is that once you’re in, you’re in. If lowering your payments, paying off your mortgage faster, and even taking some cash out would help you, it’s vital you act now.
What Are Today’s Mortgage Rates?
Today’s mortgage rates are lower than they’ve been in months. There are refinance opportunities everywhere. Ignore “saving one percent” and your “break-even” — look at your potential savings instead.
Get today’s live mortgage rates now. Your social security number is not required to get started, and all quotes come with access to your live mortgage credit scores.
How Can You Check Your Monthly Savings?
All you have to do is to select your age below and answer a few questions on the next page.
True, being an entrepreneur can be exhausting, lonely, frustrating and terrifying. But it’s worth every drop of blood, sweat and tears when you are pursuing your passion, turning your dream into a reality. These quotes will help you be motivated!
THEY HAVE GOOD DENTAL CARE
Your mother nagged you to brush your teeth for good reason! Poor dental hygiene when you’re young can lead to bacteria growth and eventually infections that can evolve into more serious health problems like gum disease, according to the American Dental Association.
KNOW THE CODE
President Donald Trump’s tax plan was touted by his camp and the Republican Party as a series of cuts to individual and corporate tax rates that would boost investment and economic growth, making America “win again like never, ever before.” But though the law reduces taxes for all income groups to start, bipartisan analyses of the plan’s fine print and long-term effects make clear some will be winning more than others