Law 2 – SMART Strategies

What Does It Take to Be Wealthy? $5 Million

Are all millionaires wealthy? Not if you ask them. A whopping 70% of those with at least $1 million in investable assets don’t consider themselves to be wealthy, according to a survey of 4,500 affluent investors by UBS. Rather, it’s only when they hit the $5 million mark that millionaires begin to feel “wealthy.” Why […]
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The Best-Paying College Majors

According to Payscale, there are 130 majors that colleges offer. For those starting college or going back to school, choosing a major can be a daunting task. Based on data from 1,000 universities and graduates with bachelor’s degrees only, listed here are the top-paying 24 college majors for 2013. The mid-career salary reflects pay 15 […]
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How To Create A Financial Plan

When people think of a financial plan, many assume it involves setting up a budget, saving for retirement and looking for good investment products. But a financial plan goes much deeper than that. If properly done and updated regularly, it could mean the difference between financial independence and financial dependence. Here are key steps on how to […]
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Gallery: Financial Advice from Five Movie Heroes

John Nersesian Jay Gatsby from The Great Gatsby: Diversify and Hedge Jay Gatbsy’s vast fortune is amassed through undiversified means—bootlegging. Jay is all-in on a single industry, and, in the end, this destroys his legacy. Imagine if he would have had a few less parties and put the money he would have saved into the […]
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Financial Lessons From Broke Lottery Winners

Just like the article we covered on money lessons from athletes, Lottery winners, in many ways, also have lots to teach us. Although the chances of winning a lottery are slim, it is important to prepare for any financial windfall, such as family inheritances, divorce settlements, cashed-out stock options and overnight business successes.  According to The […]
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A Test Of Your Financial Smarts

To make good financial decisions, people need to not only have a basic knowledge of finances, but also be equipped with the skills to apply this knowledge. The FINRA Investor Education Program recently gave a five-question financial quiz. Seventy-five percent of U.S. adults taking the test stated that they were pros at managing their finances, […]
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Alternative Funds are Not Your Typical Mutual Funds

Alternative or “alt” mutual funds are publicly offered, SEC-registered funds that use investment strategies that differ from the buy-and-hold strategy typical in the mutual fund industry. Compared to a traditional mutual fund, an alternative fund typically holds more non-traditional investments and employs more complex trading strategies. Investors considering alternative mutual funds should be aware of […]
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