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Invest in Tax-Free Bonds

Investing Tip #199: Invest in Tax-Free Bonds

The federal and the state governments issue tax-free bonds. The interest is not taxable. If you are in higher income brackets, invest and avail the benefits. Your effective rate of return increases substantially. Moreover, investments in these bonds are safe. If you want to learn more check out these resources: Buying Individual Bonds vs. Bond […]

$20,00 In Student Loans

The Difference $20,000 In Student Loans Can Make

Everyone knows that you should try to take out as little student loans as possible. It’s just common sense, right? But how much of a difference does it make. I mean, if you go to a “good” school, you pay a little more, but you have the potential to earn more – or so they […]

look for higher float stocks

Investing Tip #198: Look for Higher Float Stocks

Float is the total number of shares publicly owned and available for trading, out of the total outstanding shares. Stocks with smaller floats are generally more volatile than those with larger floats. Look for higher float stocks. If you want to learn more check out these resources: Key Financial Ratios for Investing Avoid Value Traps […]

Can't go home for the holidays? Here are five fun (and frugal) things you can do instead.

5 Alternatives for People Who Can’t Go Home for The Holidays

As the holidays approach, many people are making plans to take time off, spend quality time with family, and eat loads of delicious food. Sounds good, right? However, many college students and young professionals can often find themselves stranded during the holidays, unable to afford going back home to be with family. I know, I’ve […]

Save In a Defined Contribution Retirement Plan

Investing Tip #197: Save In a Defined-Contribution Retirement Plan

A defined-contribution retirement plan is a retirement savings plan that allows an employee to put a percentage of his salary into a tax-deferred investment account. 401(k) plan and 403(b) plan are examples of defined-contribution plan. Contribute to these accounts, especially if you are eligible for an employer match. If you want to learn more check […]

frugality

How Frugal Do You Need to Be?

According to Google, the definition of frugal is sparing or economical with regards to money or food. Here lately, thanks in large part to TV shows like Extreme Couponing and Extreme Cheapskates, frugal living has become a fad. You can’t go into a grocery store without seeing at least a few shoppers wheeling around their […]

Adopt the buy and hold strategy for long term investing success.

Investing Tip #196: Adopt Buy-and-Hold Strategies

The buy-and-hold approach is an investment strategy in which stocks are bought and then held for a long period, regardless of the market’s fluctuations. The strategy rests upon the assumption that in the long run stock prices go up. The buy and hold approach minimizes costs and allows the investor to participate in the long-term […]

the professional trader

The Professional Trader: Treating the Market as a Place of Work

Trading coaches and expert investors often discuss the importance of treating investment as a business, with the financial markets representing a place of work. This ethos has heralded the emergence of dedicated and professional traders, who adopt a strategic and structured approach towards trading and consider it as a measurable, money making venture. This philosophy […]

Do you want to graduate college debt free? Six recent graduates share how to do it! These are such inspiring stories and proof that anyone go to college without taking on student loans!

6 College Graduates Share How They Avoided Student Loan Debt

Do you dream of going to college without taking on any debt? Or do you just need some inspiration to stop taking out so many loans? Either way, I’ve got something special for you today! We went on a mission to find out exactly how some college students are able to graduate without any debt […]

Know the Securities Related Regulations

Investing Tip #195: Know the Securities Related Regulations

Various Acts have been enacted by the Governments for regulating the stock markets. Regulatory Authorities such as the Securities and Exchange Commission have been established for regulating markets and protecting the interests of investors and others.  Read and understand the main provisions. Although a regulatory agency seeks to regulate the activities of the securities markets, […]

Financial Balance

Focus On Financial Balance To Build Wealth Faster

I don’t believe that money and finance has to be “all or nothing”. The trouble is, you hear it all the time – pay off your debt OR save. Invest OR spend. Why do so many people push you towards OR, not AND? While it’s great to plow money into paying off debt, you shouldn’t […]

Save for your kid's college education in a 529 plan

Investing Tip #194: Use the 529 Plan for College Expenses

The 529 Plan is a savings plan for college education. The investment earnings grow to meet the higher costs of a future education. With the prepaid tuition option, you can even lock in today’s tuition rates, and the program will pay future college tuition at any of the state’s eligible colleges or universities. Another option […]

Why to Save in an Education IRA

Investing Tip #193: Save in an Education IRA

An Education IRA is a savings plan for education. Parents and guardians are allowed to make non-deductible contributions to an education IRA for a child under the age of 18. The earnings are tax-free when used for education expenses. The funds in an education IRA can be withdrawn tax free when they are needed for […]

Active Investing is Trading. Choose Passive Investing for the Long Term!

Investing Tip #192: Active Investing is Trading

Under an active investing strategy, the investor engages in frequent buying and selling of securities. Investors’ actively follow the investment made and wait to grab a profitable opportunity to book profits. Active investing results into short-term investments. It is more of trading than investing. It you are a long investor, adopt passive investing and not […]

Obama Student Loan Forgiveness

What Is Obama Student Loan Forgiveness?

President Obama has been a champion of helping people who have been burdened by student loan debt, but a lot of people are having trouble finding out about the new program he created to help students in debt. The Obama Student Loan Forgiveness Program, which people are searching for, is technically called the Pay As […]

Investing for the long term? Choose passive investing - not active investing.

Investing Tip #191: Prefer Passive Investing

Passive investing is a buy and hold investment strategy. If you are a long-term investor, your main aim is capital appreciation and limited maintenance. Do limited buying and selling of securities. You shouldn’t be bothered with the daily price fluctuations in the market. Passive investing needs a lot of patience. If you want to learn […]

home loan

3 Steps to Take Before Getting a Home Loan

Buying your first home is such an exciting time in your life! While dreaming up your perfect home, planning décor, and imagining your life in a space all your own is fun, it’s now more important than ever that you have your financials straightened out first. There’s a lot to consider. You need to know […]

I made plenty of mistakes in college but I also found success. Here's what I did right in college.

What I Did Right in College

Last week, I discussed the mistakes I made in college and what I’d do differently. While I would do those things differently, they are part of my story now. I’ve become older and wiser and look back on my college years with fresh eyes. I made my fair share of mistakes, but I also did […]