As the old adage goes, “a penny saved is a penny earned”. Every dime that you save counts in this economy. One of the easiest ways to save some dough is by lowering your monthly bills. These savings can be used to pay down other debts, fund your retirement, or build your savings. All of these purposes will help to put you on the road to financial freedom. Let’s...

Have you ever wondered what a stock, bond, or mutual fund are exactly? If so, then this is the post for you. These terms are thrown around daily on stations like CNBC. It’s just expected that the average person knows what they are and the differences between them. Well I have found that this is not always the case. Stocks A stock is simply ownership in a corporation....

Do you still believe in long term investing? The last economic recession caused many investors to change from long term investors to short term traders. Over the last 10 years the total return of the stock market index has been nothing. Market experts used this data to bemoan the death of buy and hold investing. Although the lost decade has hurt the retirement accounts...

[ad#Left-Align Content Ad]Do you need help finding a new place to store your money? Be sure to do some research before you go and open a new bank account. Most people skip the step of checking out their new bank first. It’s important to investigate the financial soundness of your bank, interest rate paid on your account, and any perks that you bank is offering. Here...

Forbes recently released its annual rankings of the richest Americans in the United States. The list remains largely unchanged from last year with the top 4 individuals having a net worth of $150 million dollars. That’s a nice amount of change! Each of these individuals achieved financial success through different methods. So, how did these billionaires amass their...

You may not have noticed but interest rates have slowly crept up on savings accounts over the past two years. That’s good news for savings account holders. While the rates at your local bank may still be a joke; you can get a better return on your money online. [ad#Content 300x250] In order to save you the trouble of searching for the best rates; we have compiled...

[ad#Content 300x250] Bonds are the toast of the town right now. Everyone from experts on CNBC  to PIMCO’s Bill Gross have been championing the case for bonds over the last two years. I am normally a big fan of buying bonds because the dividend income is great and it helps to balance out wild stock market swings. But right now things look a little overdone in the bond...

[ad#Content 300x250] The statistics are rather alarming. Over forty three million Americans are living in poverty on a day to day basis. The middle class is being eradicated and wages are depressed. Millions are unemployed and looking for a way to make ends meet. With over 14% of the population in poverty, Americans need opportunities to make more money. It’s more important...

The President is currently stumping for another stimulus package. This package would be directed towards improving the infrastructure of the United States. Money would be used to fund public projects and put state and private sector employees back to work. The $50 billion plan is being discussed but has a ways to go before it gains passage in the House or Senate Here are...

This is clearly one of the worst economies in United States history since the great depression. There is massive unemployment and individuals are losing their homes left and right. Most Americans just don’t feel good about the economy as a whole. People are trying everything that they can to survive the current economic downturn. You can not only survive the current...

You are all ready to start investing. If you want to invest in the stock market then you need to formulate a game plan. You game plan will determine whether you are a successful investor or a foolish speculator. The way to keep yourself from losing your hard earned money is by making sure that you have the proper risk vs. reward balance for your portfolio. Here are 3 things...

Mutual funds have been the way to invest in the stock market for the average investor for the past century. Individual stocks were too much to keep up with on a daily basis. Mutual funds gave investors a way the most efficient way to diversify among different asset classes. Over the past decade a new challenger has arisen that is gaining in popularity. Say hello to the...

Imitation is often called the greatest form of flattery. If you want to become wealthy then you have to study the habits of those that have gotten there before. It takes more than hard work to join the ranks of the rich. From Donald Trump to Howard Schultz, there are some traits that the rich have in common. Here are a few of the traits of the ultra rich. Good Savers This...

I was reading an article on Bankrate  about the advantages of having multiple credit cards. The author asserted that having multiple cards was a good thing because it boosts your credit score, gives a sense of security, and allows users to obtain extra rewards and discounts. All of these are valid points. However, I think that having multiple credit cards is never justified...

What’s the best investment that you can every make? It’s not a stock, bond, mutual fund, C/D, real estate or any other security. It’s the one asset that will remain with you for the rest of your life. The best investment that you can ever make is in yourself. Increasing your knowledge base will not only increase your marketability but it will increase your self esteem...

Finding the right online broker to meet all of your needs can be a time consuming task. There are so many options that it can be difficult trying to narrow down your choices. E*Trade, Scottrade, or TD Ameritrade may each offer a particular service that you find attractive. To help you make your decision, let’s take a look at the most important things to look for when...

Back to school shopping season is upon us. Parents are dragging their kids to malls and department stores across the country to shop for backpacks, books, school supplies, and clothing. College students are shopping too for new clothes, textbooks, and door room decorations. Everyone is looking to score the best deals on their buys. The way to do this is by preparing yourself...

One week the market is up, the next it is down. The stock market appears range bound. It has been unable to break out and rise above Dow 11,000. Many investors feel lost and have no idea how to invest in the current marketplace. There is no need to worry. All you need is an effective game plan to get you through these times of uncertainty. Here are a few tips for investing...

Saving money is a sacrifice. You have to give up one thing in order to get another. Anyone can save money if they are willing to sacrifice to meet their goals. One of the easiest ways to save is by lowering your recurring expenses. Recurring expenses are those monthly bills that show up month after month. These bills may be aggravating but there is a way to lower them. Follow...

With the Federal Reserve trying to bolster the United States economy, interest rates are close to an all time low. Banks are able to borrow money from the Fed at just 0.25%. Since rates are so low, banks have dropped interest rates on all deposit and investment products. A standard savings account is yielding just 0.10%. Low interest rates are not just terrible for savings...