For most people, buying a home is the largest purchase they will make in their lives. People used to believe that buying a home always was better than renting since people assumed home values always would go up. Unfortunately, during the recent financial crisis, many people found themselves underwater, owing more on their house than…

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Happy New Year!

Have you set your New Year’s resolutions yet? According to a recent study, 31 percent of them are money-related. The top financial resolution was to save more money (39 percent), followed by paying down debt (24.6 percent), improving spending habits (15.1 percent), investing more (11.6 percent) and getting a raise (11.3 percent). Interestingly, men were…

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[tp widget=”select2/tpw_select2.php”] According to a recent study by Tom Corley, author of Rich Habits: The Daily Success Habits Of Wealthy Individuals, there are few key habits that separate the rich from the poor. “Rich people” are defined as having a yearly income of $160,000 or more and a liquid net worth of at least $3.2 million, and…

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Why you need a financial plan

In this series so far we covered how a financial plan can help you optimize your Social Security benefits. Click here to read part 1 and part 2. With advances in technology, you can easily analyze and compare different strategies and the results that follow. The purpose of a financial plan is to discover and establish…

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Financial Plan for financial independence

Many people think that a financial plan is only for people with money. Studies show however that a comprehensive financial plan benefits everyone, regardless of income, age, and net worth. In fact having a financial plan is one of the sure ways to get into a higher income bracket!  Interested in getting one for free?…

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When people think of a financial plan, many people assume it is setting up a budget, saving for retirement, and looking for good investment products. However a financial plan goes much deeper than that. If properly done and updated regularly, it could make the difference between financial independence and financial dependence. Here are examples of…

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Benjamin Franklin once said, “Certainty? In this world nothing is certain but death and taxes.” No one wants to think about death, but a little planning can ensure your assets are divided smoothly after you are gone. Make a plan. A will dictates where your assets go when you die. Without it, you will not…

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Benjamin Franklin once said “Certainty? In this world nothing is certain but death and taxes.” Although one cannot control death, one can control how to protect loved ones through life insurance. The proper amount of life insurance will ensure that they will have enough money to pay down debts, replace the loss of income and…

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