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Insurance
The Many Forms of Life Insurance
The Life Insurance Industry has evolved over its lifetime to develop products looking to suit people in all situations. To go into depth about every single form of life insurance would be a large task that would likely result in an over simplification of what is available to you. For the purposes of this article, we will look into the…
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Investing
Should You Open Another Retirement Account?
While you are saving in a company sponsored 401(k) or a personal individual retirement account(IRA), you might be wondering if it is enough. The question looms of whether it make sense to open an additional retirement account or simply continue contributing to the one you already have. This question has a few caveats to it that are worth understanding before…
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Budgeting
Communicating Your Budget to Your Family
Monitoring cash flow for yourself is an essential task that is easily complicated. When this task becomes managing the finances of an entire family it is much more challenging. In many families, monitoring financial situations is left to one person. One of the most important parts of this role is communicating the financial situation to the rest of the family.…
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Insurance
The Waiver of Premium Rider in Life Insurance
Life insurance is an important resource to the well-being of your family in the event of an untimely passing. The way most people think about life insurance is by seeing a windfall of cash in the event of death. But, there are many ways a life insurance policy can provide protection while you are living and even ways it can…
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Budgeting
Tracking Spending to Improve Budgeting
Budgeting is promoted at nauseum and it is still not enough. But, without an important ingredient to budgeting – one that is not discussed nearly as often – the process itself will be far less effective. The insights that tracking spending can provide are so impactful to the way you look at your money. The simple awareness of when you…
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Investing
When to Start Investing
To keep things simple, the best time to start investing is as soon as possible. It would be great to end the story there but, there is more to say. The truth of the matter is that there are some things that should be taken care of before investing. If you have high interest debt, such as credit card debt,…
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Investing
Funds With the Biggest Shares of Stock You Want to Own
There are many companies on the market that people wish they could have a piece of. They would love to add them to their portfolio for security and growth while they beat themselves up over not investing in them when they were younger companies. You are wasting your time thinking about investments you believe you should have made a long…
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Investing
Hold Off on Additional Mortgage Payments
An investment in your home will be the biggest expense in your lifetime. When you get extra cash, it can be tempting to pay down your mortgage to get rid of monthly payments as soon as possible. While the motivation is understandable, it is a mistake. If you have an interest in your financial well-being, the extra money can be…
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Budgeting
How Budgeting Leads to Financial Independence
Americans are in an unprecedented amount of debt. Excess credit card usage and student loans are two of the biggest factors in this debt epidemic. These are the most obvious factors, but there is something more subtle at the heart of it all. We don’t know how to save. The Rich Aren’t Always Rich Whether you are making $30,000 or…
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Investing
Getting Started in Real Estate Investing
Real estate is renowned as the industry that creates millionaires. But, it has also left its share of struggling dreamers in its wake. Real estate investing, in its many forms, can be appealing for the large potential income on a single deal and the passive income that can come from holding properties. Investing in real estate can even be done…
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