EL

The Importance of Accurate Investment Data

For some people, investment means simply leaving a lump sum of cash in the bank for several years, and hoping that the accrued interest beats out the rate of inflation. For others however, it’s a serious game of finding opportunities in the markets, and making a return wherever possible. If you’re serious about investment, whether it’s in stocks, forex or something else, then you’ll know that the devil is in the detail, and for those that aren’t aware; here’s why.

The first and most obvious point is that incorrect data can mean an incorrect decision as to whether the price of an asset is going to move in your favour or not. Sometimes there can be very fine lines between something being correct or false, and this can send your position completely down the wrong path. Receiving an incorrect signal is never going to be good, which is why all investors very carefully select where they get their information from. If you’re talking technical analysis, that is to say that you’re interested only in numbers and patterns, then you need to know that certain patterns really are forming. On the other hand, if you prefer fundamental analysis, or the interpretation of events and finances, then you need to know that the information you’re getting is either unbiased, or being interpreted properly before you yourself get the chance to do so.

Continue reading The Importance of Accurate Investment Data

What Is Finance

OK another fun post explaining the basics of personal finance to all of you great readers. My point of view is somewhat unique because I like to break things down to a financial and common sense level. What is finance? Well it is a word primarily and it also represents the definition of money management.

Is it easy to manage money of course, is it hard to manage it if your not ready, extremely. How do you supervise those slippery dollars? If your ready to step up and can really grasp this what is finance definition. When you can innately place finances above other things it will occur naturally. Monetary savviness is not an imaginary thing we are all looking to find in a forest, it is solved by simply finding your reflection in the mirror. It is our choice to either fix things or keep on the same path we’ve been on. See below for what is finance defined.

Continue reading What Is Finance

Working till Your 80 Years of Age

Hey Guys do you really want to work till your 80 years of age? I am speaking for myself when I say heck no, granted I will always do something as I age. But I foresee I’ll focus on working for myself as I age, and not for others. If people want or desire to work that long for others, it must be something they truly enjoy which equates to happiness. I provided an article below that states very convincing evidence, why those people like working so much and will continue way past their 70’s. Working till your 80 years of age is this the new Norm?

To me it seems like they don’t have enough hobbies to pass the time. If they really enjoyed working for their organizations and it wasn’t about the pay, would they do it for free? That is the million dollar question that was mistakenly not asked by the interviewees in the article below. It seems sad that one of them is working so much that she regrets not spending enough time with her grandchildren. Now that is a travesty for her and the bonding time her grandchild might need today. This is a judgment free zone, but she is clearly showing signs of regretting her work / life balance. If I could say anything to her I would say work part time, and go spend some time showing those kiddies some grandma fun filled activities.

Continue reading Working till Your 80 Years of Age

4 Main Obstacles to Creating Wealth

Though many people would like to be wealthy, not many people actually obtain wealth. In some instances this is due to a lack of ability, knowledge and resources; however in other cases it occurs due to people not overcoming certain obstacles. Take a look at four of the main obstacles people face that reduce their chances of developing wealth.

1. Debt

It is important to understand that there is a difference between debt and bills. Everyone has bills that must be paid in order to properly support and sustain their lives. However, not all debt is necessary. In fact, many of the debts that people create for themselves tend to be unnecessary, such as the difference between buying a certified used car verses a brand new vehicle, or using credit cards to buy name brand items instead of paying cash for regular or store branded items.

Continue reading 4 Main Obstacles to Creating Wealth

Financial Mistakes

I thought it would be cool to display and write in jest all the financial mistakes I’ve made, I’ve read, or I’ve discussed with others. Being a personal finance website manager I get talks like this from time to time, and boy things tend to get interesting. Nobody wants to air their dirty laundry but this post will be different. It will all be anonymous in order to help anyone struggling with financial management and to make a point that mistakes may occur at any moment. Also it will help millions of people who never committed these blunders avoid them.

Now that we got all the back ground noise out of the way, let’s get to the steak of the article. (OR is it meat of the article – whatever you get it) Remember a time back in the day when you had no bills, no loans, no income, and no real financial responsibility? It was all so peaceful back then, and now you’ll slowly waken out of that slumber. No more day dreaming for you, as you might get crazy debt freedom ideas. I will obviously give you a big list of money mistakes and I’m not holding back anything.

Sharing Financial Mistakes is just as Important as sharing money wins

Tweet This

Continue reading Financial Mistakes

The Best Types of Investors for a New Business

In the weeks, months and even years before you open a new business, you will likely find yourself worrying about where your start up capital will come from. While you might obtain a loan from a bank or financial institution that works will small businesses, you may need to turn to other sources to get the capital that you need.

Crowdfunding Sources

One of the more popular ways in which people raise money for their new businesses today is with crowdfunding websites like Kickstarter and Fund Anything. These sites let you create a small business plan that shows why you need income, the amount you need to raise and other important information. You can even include items that you’ll give away to those who make a donation to your company. Though the website itself will typically take a cut of the funds you raise, you may raise enough to get your business off the ground.

Continue reading The Best Types of Investors for a New Business

7 Useful Tips to Help You Save for Retirement

Image via Flickr by Tax Credits

Saving for your retirement is a daunting task for just about anyone. Knowing how much to put away and where to invest your money is something that isn’t common knowledge for most people. However, by applying a few simple tips and starting early, you’ll keep your mind at ease and enjoy the relaxation that is a proper retirement.

Use Your 401(k) Savings Plan

Most employers offer a 401(k) savings plan to their employees, but many don’t take the time to inform or encourage their employees to use it. With both a traditional and Roth 401(k), money is taken out of your paycheck at a percentage you choose. The difference is that the traditional plan takes the money before you pay taxes on it, and the Roth takes it after taxes. The money is then invested in various bonds, stocks, and mutual funds. Often, employers match the amount you put in, giving you free money in the process. If you’re unsure where to begin, check out this handy guide to get started.

Continue reading 7 Useful Tips to Help You Save for Retirement

How Do I Define Success

When this idea entered my mind I was traveling about 35 miles per hour on a side street going home. Why did this idea all of a sudden enter my consciousness? If I could answer where creativity comes from and possibly how such inspirations come about, maybe I can give all of you a definitive explanation. But for now I will take it as a sign to just keep on plugging away trying to find my own success and or happiness around this personal finance journey intertwined with this PF blog. How do I define success? Keep reading below to find out and maybe confirm if you agree with the definition of success.

Continue reading How Do I Define Success