5 Easy Ways to Save and Build Wealth
?>
Download eBooks and Software
 Peoplesearchaffiliates.com: #1 For Over 2 Years
Make Money Today! Most Lucrative People Search Products On CB For 2+ Years In Reverse Phone - Email Search - Vital Records - Family History. All New Aff Area W/ppc Landing Pages, Keyword Lists, Seo Tools, & More At www.peoplesearchaffiliates.com
Self-esteem Elevation For Children Coaching Certification
From Renowned Life-optimization Coach Joe Rubino: High-ticket Product With Proven Copy Perfect For Any Niche That Relates To Children, Parenting, And Family. Certification Teaches How To Make A Profound Impact On The Happiness And Future Of Children.
Urban Survival:survive Any Disaster Without Leaving Home
Urban Survival: Easy Shortcuts To Prepare Your Family For Surviving Disasters Without Leaving The City
Articles > Family5 Easy Ways to Save and Build Wealth
by: Cindy Morus 1. Pay off high-cost debt. The best investment most borrowers can make is to pay off consumer debt with double-digit interest rates. For example, if you have a $3,000 credit card balance at 19.8%, and you pay the required minimum balance of 2% of the balance or $15, whichever is greater, it will take 39 years to pay off the loan. And you will pay more than $10,000 in interest charges. 2. Buy a home and pay off the mortgage before you retire. The largest asset of most middle-income families is their home equity. Once these families have made their last mortgage payment, they have far lower housing expenses. They also have an asset that can be borrowed on in emergencies or converted into cash through sale of the home. 3. Participate in a work-related retirement program. Many employees turn down free money from their employer by not signing up for a work-related retirement program such as a 401(k) plan. If they did participate, with a dollar-for-dollar match they would likely receive an annual yield of greater than 100% on their investment. 4. Outside of work, save monthly through an automatic transfer from checking to savings. These savings will provide funds for emergencies, home purchase, school tuition, or even retirement. Almost all banking institutions will, on request, automatically transfer funds monthly from your checking account to a savings account, U.S. Savings Bond, or stock mutual fund. What you don't see, you will probably not miss. 5. Calculate your risk and return. If you earn 4% interest, your money will double in less than 15 years; at 7% it will double in about 10 years and at 10% it will double in 7%. Use Asset Allocation to reduce your overall risk. About The Author
Cindy S. Morus (www.phelps-creek.com) is a Certified Financial Recovery Counselor specializing in showing women and their families how to achieve financial well-being and peace of mind. She is also a Certified Credit Report Reviewer and Get Clients NOW!™ licensee. Contact her at 541-387-2995 or cmorus@phelps-creek.com She is also the publisher and editor of "Financial Fitness", an internet gazette dedicated to helping people improve their financial fitness no matter what decisions were made in the past. (c) Phelps Creek Financial Coaching - All Rights Reserved cmorus@phelps-creek.com |
?>
News on Family
Jaunt.ca and SavvyMom.ca Partner to Launch Jaunt Family
Jaunt Family offers carefully curated family getaways that will create lasting memories for Canadian familiesTORONTO, May 24, 2012 /CNW/ - Jaunt.ca and SavvyMom Media (SavvyMom.ca) announce the launch ... England star's family snub Euros over racism fears
England star Alex Oxlade-Chamberlain's family have become the latest to decide against supporting their son at Euro 2012, amid fears about racism in tournament co-hosts Ukraine. The future of family business in Canada
The future of family business in Canada Family life of murdered girl was 'normal': sister
A woman who allegedly witnessed her parents murdering her sister told a court Thursday that she kept the killing secret for seven years because love for her family made her think their lifestyle was "normal". 41% of Parents Still Undecided on Vacation Plans, Family Vacation Critic Survey Reveals
PENNINGTON, N.J., May 24, 2012 /PRNewswire/ -- Summer break is right around the corner, yet in a recent online survey* of family travelers conducted by Family Vacation Critic ® ( http://www.familyvacationcritic.com ...
|
