I love my friends. Most are kind, two are funny. Three are generous, and another is shrewd. But my BFF? That friend would be my dividends. My proposition to you is that you start to invest. And high-quality dividend stocks with a track record of increasing their dividend payouts are a fantastic place to start.
Regardless of your age, your job or your personal interests, the topic of money will always be relevant to you. You've likely heard terms "money management" and "financial literacy" countless times before, and with good reason -- having a clear understanding of your finances is non-negotiable if you hope to have a sound plan for your present and your future.
After losing 20 pounds, I can tell you that successful investing looks a lot like successful weight loss. Obvious likenesses between the two aside -- expensive products, conflicting "expert" advice, confusing strategies -- there are three similarities that will see you through to the investing finish line.
As a therapist, I encourage people to set goals that are practical, realistic and attainable. Avoid the disappointment and discouragement of lofty resolutions by being patient and committed. In order to achieve this, I offer some simple and practical points of reflection and planning strategies that can reveal your priorities and assist you in moving forward.
Predictably, the success or failure of your plans may be determined even before the strike of midnight. 'Tis the season for peak gym-membership sales and promises of budgeted spending. Whatever your goals are for 2015, there are a couple of safeguards you can implement to ensure that you aspirations are accomplished.
What should women expect in terms of a financial plan? The plan should include a cash flow projection -- this means how much money you earn and spend in a month, a net worth statement -- which are your assets minus your liabilities, as well as a projection of your net worth throughout their lifetime.
Graduating students have high debts and the chance of finding a good paying job appears to be low, according to the leading pundits. This may all seem very daunting if you're a grad with two or three part-time jobs who's barely scraping enough together for rent. Here are some suggestions on how you can achieve these goals with careful planning and creativity.
As I try to change my own views on money, I thought I'd share some of the insights that have helped me create a more positive relationship with it. In my experience so far, it can be as simple as switching your thought patterns, so you see the glass half-full rather than half-empty. Here are a few examples.
When the conversation turns to fraud, investors can sometimes forget that tried-and-tested investment management principles still need to be applied. Even though diversification is one of the most fundamental and enduring investment principles, many investors forget to ensure their assets are diversified widely enough.