Tips for Achieving a Debt-Free Life

Some 189 million Americans have credit cards with the average balance per household being $8,398. Keep in mind, that’s just credit card debt. We haven’t mentioned mortgages, car loans or student loans.

Sadly, debt is so prevalent in America, most people consider it a way of life.

However, it is possible to live without it.

Here are some tips for achieving a debt-free life.

Create an Emergency Fund

If you have yet to do so, make it a priority to put away at least three to six months of your monthly expenses as a hedge against income disruption or large unexpected expenses. Having this money put away will enable you to weather such instances without incurring more debt — or at least as much as you would have otherwise.

Prioritize Paying Off Debt

As common sense as this particular tip may seem, most people have no idea how to do it.

Let’s say you’re one of those people who have four credit cards, with the total balances adding up to $8,398. Let’s say the balance on one of the cards is $3,000, another one is $2,500, another one is $1,500 and the last one is $1,398. Now, let’s say the minimum payment on each of those cards is $50, and you’ve been paying $100 per month on each one.

That’s a mistake; it’ll take too long to pay them all off that way.

The Debt Snowball

Instead, make the minimum payment on all of them except the one with the $1,398 balance. This will afford you $250 monthly to pay toward that one, which will help you pay it off more than twice as fast as when you were only paying $100 monthly.

Once you’ve eliminated that balance, you’ll have $300 monthly to put toward the $1500 balance, which will also have been being paid down at the rate of $50 monthly while you were killing the first account. Repeating the process with each successive card will give you the entire $400 to put toward the highest balance when all of the others are cleared up.

You’ll pay off all four cards much sooner than you would at the rate of $100 monthly on each one.

By the way, this works with car loans and mortgages too.

You can eliminate all of your debts with this method.

Debt Consolidation

Another way to approach debt elimination is with a credit card consolidation loan. While it might seem a bit backwards to make debt to get rid of debt, there are situations in which credit card consolidation can make sense.

You have to make sure the consolidation loan you take will let you pay your debts off sooner than you would by paying them individually. You’ll also want to seek a lower overall interest rate and a lower overall monthly payment.

Focus on Saving and Investing Next

With your debt eliminated, you can turn your attention to preparing for the time when you’ll no longer go to work every day. In other words, it’s time to start building your retirement fund.

We recommend eliminating debt first because the interest you’ll pay vs. the interest you’ll earn tends to be higher. Eliminating debt effectively means your money earns more interest afterwards — thus it’s a good investment.

Create a Spending Plan and Stick to It

One of the most fundamental of the tips for achieving a debt-free life. Creating a spending plan helps you ensure your money is working for you in every way possible, as opposed to against you.

Your goal should be to live on 80 percent of your income or less, while saving/investing at least 20 percent or more for your long-term goals. This becomes easy to accomplish with your debt laid to rest. Plus you’ll be able to save more so you can make subsequent purchases in cash, rather than charging them.

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5 Potential Risks to Take Into Consideration Before Investing In Precious Metals

A wise and thoughtful financial decision can do wonders for your business and savings, whereas a poor financial decision can result in a serious downfall. Small or big, one must do detailed research work and take into consideration all the risk factors involved before investing in precious metals. These decisions once put into action, cannot be changed, and the metals become a liability instead of an asset.

Here are the 5 potential risks to take into consideration before investing in precious metals.

STORAGE

You’ll need to store your physical metal somewhere. With a stock or bond, you don’t have to worry about storage. There is always a risk of theft or loss if you store these metals at home. Also, it will be a risk to you and your family in case someone breaks in.

The other selective is to rent a space to store them. That space would provide a safe and trusted storage facility. This incurs additional cost but leaves you worry-free and safe from theft and injury. You can always choose to invest with the help of mutual funds and stocks for precious metals; however, they would not reap the same fruits as the physical metal would.

One must always buy precious metals from genuine and trusted suppliers who are industry leaders & have a proven track record to support their authenticity.

Indigo Precious Metals, for instance, is very transparent about their policies and pricing and takes great pride in the level of customer service they provide to their clients. Since these metals are so precious and involve a great amount of your hard-earned money, you must be very cautious while you plan to use them.

LIQUIDITY

If you hold non-physical precious metal, you cannot encash it immediately. In case of immediate cash requirement, you’ll have to seek other means of investments for help.

There’s one solution to this drawback, and that is online storage. With an online storage account, you could sell your precious metals at any time. This helps in instant liquidity.

NO INCOME OR INTEREST

Unline stocks, bonds, or real estate that provides interests, dividends, or rental income, there is no income or interest in owning any form of precious metals.

This is just an investment that can give no regular benefits unless sold when the prices are high. In case you require money on an urgent basis, then you might even have to incur a loss if the price is low compared to the price you purchased it in.

MARKET RISK

Precious metal investments are exposed to various types of market risks. There is no doubt that something you invest in will face price fluctuations from time to time. It might decline in value due to economic developments and various other events that influence the general economy.

POTENTIAL SCAMS

When it comes to precious metals, having the correct understanding is quintessential. You may end up losing hundreds or thousands of dollars even. Do thorough research and learn a few things about how to test the true value of the metal you have purchased.

Such a heavy investment can only be encouraged for someone who has all the details about genuine metals, including where to invest and whom to trust. Considering the lofty cost of precious metals, you just cannot afford to ignore these essential facts.

Trust only genuine suppliers and be 100% sure before investing. Read various articles, blogs, testimonials, crosscheck multiple times to make sure there is no scam involved. It’s your money, and only you’ll have to take the best care of it by making the right choice of genuine investment.

So, keep into consideration all the above factors and make decisions wisely for a happy and secure investment. Trust only genuine and industry leaders in such investments.

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7 Tips for Choosing an Online Stockbroker

If you are new to the world of investment, selecting a stockbroker that aligns with your own personal needs and investing style can define your success or failure. If you want to make money through investing, you need a brokerage service that is in line with your investment goals, level of experience and educational needs. Choosing a broker who has a diverse range of features and tools like those that are found on the FXTM web trader can make all the difference in your new venture.

While all investment should be based on research and skill, the first step on the way to profitability should always be finding the right online brokerage service for your particular needs. That is why we have decided to put together a short guide to help you assess what it is that you personally require from your ideal brokerage. Read on to find out more.

1. What Are the Broker’s Fees?

The first question that you will probably ask when choosing a broker will probably have to do with fees. There can be a significant difference between what online brokers currently licenced in to operate in South Africa charge in trading fees, commission, spread, financing rates and currency conversion fees. It is best to shop around in order to compare prices to see what type of fee structure best suits you.

2. Does the Broker Deal in the Assets Types That Interest You?

Finding a brokerage that allows the option to trade in the types of financial instruments that interest you is crucial. While most online brokerages deal in stocks, bonds, mutual funds and ETF, only a select few allow you to trade in futures, options and forex. Make sure you check that you a brokerage has the trading options you want before you go through a lengthy verification process.

3. Are There Available Advisory Services?

If you are new to trading, the jargon that you have to get to grips with can be bewildering. You are probably going to need a bit of guidance or at least a sounding board to which you can the field questions and queries that you have about how things work. Many of the better online brokerage services today will provide you with tutorials and account managers to help you on your way to becoming an expert.

4. Which Type of Account?

There are two main types of account that are generally offered by online brokerages. A cash account will allow you to deposit funds and then buy stocks to the amount of money that you have in your account. A margin account, on the other hand, allows you to borrow money from your broker to buy stocks with leverage.

5. Does the Platform Include Research Tools?

Make sure that your broker operates a system of research tools that you feel comfortable with. The charts and graphs showing stock price changes over time should be easy to use and give you all the information you need to feel confident that you have covered all the bases when you buy into a position.

6. How Good is Customer Service?

It does not matter how good an app or service is, there may still come a time when you need to contact customer service to clear something up. When this happens, there is nothing more annoying than not being able to get in touch with a human to straighten the issue out. Choose wisely as some of the cheaper online brokerage services run customer service with limited hours as a means of keeping trading costs competitive.

7. Do You Want Banking Services?

Many stockbrokers offer the opportunity to open a checking account. If you think this will be more convenient for your situation, do some research into what kind of deals these brokers are offering on banking services and how they compare to your current bank.

You may not realize it now, but your choice of online stock broker could have a large impact on how successful you are as a trader. If you answer all of the questions in the sections above before signing up to a brokerage service, you should ensure that you get the one which best suits your particular needs and trading style.

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Saving for a rainy day? 4 ways you can look after your money and save it

We’d all like a little more money each month. But in today’s financial climate it’s certainly not easy to save for a rainy day and it’s only going to get harder. If you’re isolating at home, you may be feeling a little uncertain about your job security and your future, which is why saving as much money as possible has never been more important.

Whether you’re in between jobs, waiting for your benefits to kick in, how long does it take to get SSDI back pay? (Click the link to find out) if you’re wondering if you’ll have a job to go back to when all this is over, here you’ll find some useful saving tips that will help you make the most out of your current financial situation.

Do you really need new clothes?

We all have our vices and for some of us, spending money on clothes that we don’t need is certainly a habit that needs kicking. Whether you want a new outfit every time you head out with friends, or you like to have several pairs of gym leggings to choose from each day, clothes spending can quickly spiral out of control. Instead of spending money on new clothes, take better care of the ones you have! Consider the following:

  • Having damaged clothing repaired
  • Following the care instructions so they last longer
  • Shop second hand or swap for other items

Food, glorious food

Food takes up a huge chunk of our monthly budget. Saving money on food is easy, but believe it or not, you don’t have to stop eating the things you love to save money. Consider the following ideas:

  • Always shop with a list and a specific budget
  • Never food shop when you’re hungry
  • Create a meal plan for the week
  • Buy ingredients like rice, pasta, chopped tomatoes and sauces in bulk
  • Make freezer friendly meals

Go through your bills

We can all make savings here and there on our utilities and other expenses. Price comparison websites are your friends here. But don’t forget to compare the following:

  • Your broadband
  • Phone package
  • Water, electricity and gas
  • The items on your food bill
  • Your home, contents and car insurance

Sell, sell, sell!

Old clothes, toys, books, games, DVDs and other household items. If you don’t want them, someone else might. So, place these unloved items online and see how much money you could earn.

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Reaching Financial Freedom Through a Side Hustle: Things You Can Do to Change Your Life

Reaching financial independence is something many of us dream of, and people often fantasise about the luxury of being able to never worry about money. However, this is only practical if you’re motivated and have the time to do something on the side. Side hustles have been something certain individuals do without even thinking, while others simply stick to their day job. There is absolutely nothing wrong with not wanting to earn more money and spending time with your family at home rather than taking on another work commitment. Still, one of the best ways to create financial stability for yourself and your family is to do something else that can help towards special occasions and luxuries. 

Certain side hustles will cost nothing other than a get-up and go mindset, whereas others require the initial start-up capital in order to make it successful. Regardless, you should think about the side hustle you’re starting before you decide on what will work best for you. Only do a side hustle you’re passionate about and know will bring you financial stability in the long-term to keep you going.

  1. Start a Business

There are difficulties and complexities when it comes to starting a business, but if you’re determined enough to make it succeed, you will! Start a business with an idea you feel will benefit others and something that you’re passionate about at the same time. It’s not difficult to think of ideas either, especially with the availability of the internet and countless opportunities on there. Ensure you officially set up your business with HMRC if you’re serious about making some good money from it, as it’s a legal requirement to do so. 

Whether you want to sell some custom made jewellery or you think a recruitment business is the best way to go, get started and set up a business plan. After you’ve done it, get going with your plans and ensure you put all your efforts into it. Bear in mind, if you’re starting a business as well as having a full-time job, you will be busy at times, but that’s why this is ideal for people who love to keep active and motivated!

  1. Invest in Property or Stocks and Shares

Investment has long been considered one of the top ways to make money and reach financial independence. It is, for this reason, we have added both property and stocks and shares investment into this side hustles list. With property investment, you can take a hands-off approach, which means you’ll effectively make money passively and won’t have to worry about tenant demands and issues. However, with investing, despite what you’re investing in, you will need some initial money to use. Property company RWinvest have a range of guides, blogs and podcasts to help you with any initial research you will do before investing. Their website is full of interesting and innovative ideas for you to make use of. As an investor, you need to be sure you’ve got a good company and team behind you in order to succeed, which is why conducting due diligence is vital before handing any money!

  1. Start Freelancing

Do you have a skill or talent you could offer out as services to people who may need your help? Freelancing has become somewhat popular in the last few years as people need more money for luxuries and wish to save for other aspects of their life. Freelancing may not get you to the point of financial independence in the short-term, but if you’re persistent and make the most of all the opportunities that come your way, you can save up your income and eventually have a pot of savings to use if any emergencies occur. The best freelancing websites such as Upwork and Freelancer are great for starting your career as they offer a start-up platform for people who may never have freelanced before and don’t know where to begin. 

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4 Financial Goals To Have By Age 40

Reaching the age of 40 is a significant milestone in someone’s life. For most people, they expect to have a family by then, have bought a home, and have an established career. Getting to the age of 40 for most people means that they’ve carved out a fairly comfortable life for themselves.

One of the best ways to ensure that you set yourself up for success is to set financial goals for yourself. When you’re in charge of your money, then you’ll have a stronger grip on your life in general. Here are some of the most important money goals that you should plan to have accomplished by the time you reach 40.

Career Development

Many people have already comfortably settled into their jobs by this age, but that doesn’t mean you should stop aspiring for more money in your career. Money may not be able to bring you happiness, but it can certainly make things a lot more comfortable if you’re already happy.

A great goal to have is investing in the development of your career goals so that you can reach your maximum salary potential. There are several ways to do this between continuing your education to getting specialized by learning additional skills.  

Get Rid Of Your Debt

The older that you get, the more your debts will start to weigh down on you. It’s in your best interest to get rid of debt as soon as possible By paying off old debts that you owe; you can start putting that money towards your retirement instead. That way, you can enter your senior years comfortably and ready for retirement. The last thing you want to worry about at 80 is unmanageable debt. You will have worked your whole life; it’s essential to enjoy your life! 

Put Aside A College Fund For Your Kids

In the United States, college doesn’t come cheap. It’s helpful as a parent to put aside a college fund for your kids for their education. By the time your 40, you should make it a goal to have put away a nice amount for the time that they’ve finally graduated. The sooner that you begin, the more interest will add up.

Take Out Life Insurance

While 40 is hardly considered an age that you’re at risk of kicking the bucket any time soon, it’s undoubtedly the time to start thinking about insuring yourself. As your family grows, you want to make sure that they’re taken care of if anything were to happen to you. Taking out life insurance may not be a fun thing to think about, but it’s essential to have the peace of mind knowing that if anything happens to you, your family will be well looked after. 

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Tips For Buying a Vacation Home To Rent Out

Tourists searching for affordable accommodation have various options to consider. For budget tourists looking for a more homely experience, vacation rentals are an obvious choice. These properties can be as basic or as sophisticated as you want.

For real estate investors, vacation rentals present great opportunities for generating passive income.

Want to buy a vacation house to rent out? Find out the do’s and don’ts before taking the plunge.

Tips for Buying Your First Vacation Rental Home

i) Research Extensively

Before you buy a vacation house to rent out, research well. In particular, check how desirable the location of the house is, the average market rental rates, your expected ROI, local occupancy rates, and the affordability of the house.

Ideally, you want the home to be conveniently located near areas that tourists frequent, such as mountains, beaches, national parks, casinos, and other attractions.

Search for homes that match your criteria at online listings websites. You can also hire local realtors to help you with the search.

ii) Calculate the Income Potential

Carry out a cost-benefit analysis to determine whether it would make financial sense to make an offer for a vacation rental house. Remember, the home may not be occupied throughout the year. With this in mind, will it still be able to turn a profit?

Check the vacancy rates and rental income of the location where the house is located. After this, compare the expected income against the operational costs, not forgetting to factor in vacancy periods. This should give you a good idea whether it would be profitable to own the vacation home.

iii) Consider Ongoing Costs

There are several costs you will need to cater to as a vacation homeowner. Remember, you are using the home as an income-generating asset. Therefore, there will be recurring costs to be footed. For example, if you hire a realtor to manage the property, you will need to pay property management fees.

Also, depending on where you purchase the vacation home, you may need to pay listing fees, utilities, hotel taxes (occupancy taxes), insurance, HOA fees, licenses, etc.

Note down all the recurring expenses of the vacation home and find out whether they are likely to exceed the income generated.

iv) How Will You Make Money?

Rental income is just one of the multiple ways of making money with a vacation rental home. Apart from rent, the house can generate money through exclusive hotel programs, Airbnb, Vacation Rental By Owner (VRBO), and other ways.

Below is a rundown of the income-generating opportunities available for a vacation rental:

  • Exclusive Hotel Programs. After buying a vacation home, you can partner with hotels to rent it out through their rental program. With such programs, the hotels typically maintain and rent out the house on your behalf.
  • Airbnb. If you want to be directly involved in the management and letting of the home, list it on Airbnb. On the website, you’ll have to describe your property, its features and amenities, bedrooms, and bathrooms. You will be charged a service fee every time someone books your property through Airbnb.
  • Vacation Rental By Owner (VRBO). You can also list your home on VRBO and other vacation rental classified sites. If you don’t want to be involved in the daily operations and management of the home, hire a property manager to help you.

v) Get a Home that You Can Use

A vacation home is meant to be your humble abode where you can rejuvenate away from your family home. Therefore, get a home that you will not have a problem using.

Since you won’t be spending a lot of time at the vacation home, it doesn’t have to meet all the requirements of your family home. However, you still want it to be functional and even luxurious, especially if you plan on renting it out to vacationers.

Location, size, amenities, and features are some of the important factors to consider when evaluating various potential vacation homes to buy.

vi) Get Help Where Necessary

If you are purchasing a vacation home in a different state or jurisdiction, it’s important to follow all the local and state laws regarding the transaction. Here, you may need to get help from a local realtor, a qualified tax professional, and a real estate attorney.

Before investing in a vacation home, find out about the taxes you will be liable to pay. For example, you should know how rental income taxes, occupancy taxes, and property taxes work in the area where the house is located.

To snatch great deals on a vacation home, work with local realtors. These professionals have extensive knowledge of the real estate market and may know of deals that are not publicly advertised, which may fit your bill.

Getting a great deal for a vacation home all boils down to research and patience. Follow the tips above when looking to purchase a vacation home.

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How to Find a Better Loan Deal Easily in 3 Steps

When taking out a loan, the most important factor for most people is the interest and repayment schedule. If you’re struggling to find a loan that isn’t a great deal, then it’s time to do some digging. With a bad loan, you may be struggling to pay it off or find that it’s not even worth borrowing.

If you’re not sure how to get a better loan deal, these three steps will get you the best loan for your needs.

  1. Find the Right Loan Type

When it comes to taking out a loan, you should find the type that meets your borrowing needs. For example, there are short-term loans which may be ideal for a short-term need. In contrast, a long term loan is usually repaid over 2-5 years or possibly even longer.

Before moving forward, make sure to decide which type of loan is going to be best for your situation. Consider the purpose of the loan, how much you can afford to pay on the loan each month, and other features that may be important for you.

  1. Compare Loan Options

Now that you have an idea of the type of loan that will suit your situation best, research your options and compare features. If you have a less than perfect credit history, you could use sites like www.badcreditsite.co.uk or other instant comparison type sites that provide “easy loans” to compare loans that you’re eligible to take. This is usually done without checking your credit file

This is a great asset and well-worth your time. This is especially important if you have poor or no credit and need to determine what’s going to work best for you.

When you’re comparing loans, only compare loans that you’ll be eligible to take. Not all loans are available to all lenders. Make sure that you have all of your financial information ready when searching for loans in order to provide an accurate picture of your finances. This will allow you to qualify for appropriate loans and make this process more efficient.

  1. Take Out the Loan

Now that you’ve researched the type of loan that you need and what lenders will borrow to you, the last and final step is actually to take out the loan. Always double-check the interest rate that you will be charged as well as any upfront and ongoing fees. The comparison rate will provide you with the overall cost of the loan. You can see what your monthly payments are going to be and then determine if you’ll be able to afford those payments.

Once you’ve found the loan that you can make payments on, apply, and you’ll receive your money. Check the terms and conditions to determine how quickly you’ll be able to access funds.

When it comes to the steps needed to take out easy loans and get a great deal, these three steps are all that’s needed.

It may be surprising for some borrowers who haven’t been able to get good options before.

However, people with bad or minimal credit can usually qualify for several loans. Using a website that allows for easy comparisons is a crucial part of getting the best deal.

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Why Your Credit Score Matters

Your credit score might seem like a minor detail in the grand scheme of your life. But it can play a big role at certain points—namely when you need to borrow money. These are a few reasons why your credit score matters. 

Your Credit Score Determines Your Interest Rates

Interest rates are arguably the most important thing to consider when it comes to your own debt. While it might just feel like a number that’s there when you take out a loan or get a credit card, your interest rate can be a massive determinant in how much you pay on a loan.

Along with interest rates set by the Federal Reserve, your credit score is going to help determine the actual interest rate you’ll receive on a loan. Why does credit score matter for this? Because lending institutions don’t see all consumers in the same way. 

If you’re someone who has never missed a credit card payment and has consistently held a credit score in the 700s or higher, you’re typically considered pretty low risk for receiving credit. Banks and other lenders typically want to attract people who they think will pay them back in a timely manner, with a little bit of interest added on top. 

People who, on the other hand, have a history of not making payments on time or having debts go to collections will receive much less favorable rates. This is because the people lending the money can’t be as sure they’ll get it back. The higher interest rate is essentially a way for them to hedge their bets in case the consumer doesn’t repay the loan. 

Over the course of a mortgage, a few percentage points in your interest rate can make a huge difference in the amount you pay on the loan. This is the case with any kind of debt, but especially the longer you owe money. Keeping a high credit score will get you more favorable interest rates, and let you pay less in interest on your balances. 

Your Credit Score Determines Whether You Can Borrow Money

Do you need to take out a loan in order to buy a house or car? Your credit score is going to make a big difference in how smoothly the process goes for you. 

People with good credit typically don’t have trouble getting approved for a loan assuming it’s within their ability to pay it back. Those with poor credit, however, might not even be able to borrow money at all. When your credit is too low, some lenders might decide it’s not worth lending money even with a high interest rate.

People struggling to get a loan due to poor credit should look for ways to boost their credit score over time. Paying bills consistently and on time is the most surefire way of doing this. But what about if you’re at the point where you don’t think you’re going to be able to pay back what you currently owe?

People in this situation might want to get in contact with a debt relief organization like Freedom Financial Network. If settlement can bring your debt down to a more reasonable level, it tends to be easier to pay it off and start rebuilding your credit. 

You Never Know When It Might Come in Handy

It’s important to have your credit in a place that makes it possible for you to borrow money at a reasonable interest rate. You don’t know what the future holds for you. Someday, sooner than you might think, buying a house or car might be a real possibility for you. Having to settle with high interest rates because of a low credit score can make that dream much less achievable. 

It’s wise to take steps now that will help you get to a place where you can easily borrow money when you want or need to. Having a good credit score is a key part of that process. 

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Money Management Tips For Young Adults

Learning to properly manage the money you have makes a huge impact on where you end up in life.  If you can’t get a hold on your finances, you will spend your life juggling payments and debts.  

It’s important that you learn the proper management methods while you’re young, so you’ll have more of a financial cushion for support when you’re old.  Take some time now to read through some money management tips that will get you on your way to financial stability today.  

Live by a budget 

As soon as you are able to earn your own money and pay your own bills, you need to be living by a strict budget.  Spend time cultivating the most fitting budget for your personal situation, and augment your plans as your income matures.  

Knowing where your money is being spent will paint a very clear picture of your income dispersion.  You’ll have more power to control your financial situation with a well-crafted budget.  

Work hard while you can

Work hard when you’re young.  Your body and mind won’t always be as sharp as they are in your 20s, so take advantage of the wealth of health you have at your disposal.  Working hard will help you earn as much money as possible.  

However, it’s still important that you treat your body right.  Don’t overwork yourself to the point of exhaustion. Pay attention to your dietary habits, and make sure you get plenty of sleep.  There are always ways to make a little bit more money too, do your research and make a ways to make extra money list, try each method you find and go get that extra cash. 

Make sure you pay your taxes

You don’t want to have a tussle with the Internal Revenue Service (IRS), as they typically always win.  You need to pay your taxes as you earn money to keep yourself out of legal trouble.  

You could face criminal charges for shorting the federal government of their money, so don’t take any chances with your taxes.  Hire a competent accountant to handle your taxes each year, and rest peacefully knowing your money is protected.  

Always keep a savings 

Ideally, you should have six months’ worth of survival money in your savings account at all times.  Not everyone has the ability to meet that goal, but it’s worth the push to try.  

You need a savings account to handle the financial hiccups that come your way throughout life.  If your car breaks down or you break your arm, you’ll need some extra money to float you through to the other side of such a financial impact.  

Invest in a retirement plan

As soon as you have the option, invest in a 401(k) retirement plan.  You’ll thank yourself when you’re old and you don’t feel like working anymore.  Leaning on your promised social security check is no longer a reliable plan for retirement. 

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