Thanks to credit and debit cards or what most like to call plastic money, many people are living in debts that they can no longer be able to control. Credit cards raise the chances of over spending because they reduce your consciousness on payment since you do not get to do any mental accounting. The route to negatively affecting your personal finances is not monitoring your spending. On the other hand, debit cards are no better...more
Financial analyst is the most in-demand profession in financial services industry. This profession considered to be a niche in the market, because its leads towards different opportunities and one can work in all levels; junior and senior. Although market is very competitive and it’s very hard to find place as an analyst, but there are certain preparations one can make, to break into the market and prove him/her self. Before enter...more
"Nothing is certain but death and taxes." I think I was about ten years old the first time I heard that phrase. Reflecting on the similarities between these two certainties, I find it curious that so many people are willing to go it alone when resolving their tax problems. There is no way they would try to handle death and burial without professional advice, either to prolong their lives or to clean up the mess of the inevitable, yet with regards to their taxes, they are more than happy to try to figure things out for themselves.Navigating the tax code and successfully clearing the IRS can seem almost as difficult as dealing with death. Just as a mortician can provide necessary aid and guidance in death, so can a legally enrolled agent help a person successfully circumnavigate the taxation process, satisfying the demands of law while taking advantages of the tax breaks to which they may be entitled.The IRS has tried to simplify the process by providing EZ forms, but these forms don't provide the maximum benefit to the tax payer. To the contrary, they give the taxpayer the illusion of ease and the benefit of legality while ensuring that the highest amount of tax will be paid. ...more
The road to success in personal finance is first determined by your attitude and discipline. The rest of things like planning, setting goals and focusing among other attributes come in later. Having a mindset that you can make it in whatever you set to do is crucial to your success in life. This then brings me to say that for you to...more
To be able to manage your cash well you need to have financial character. According to psychologist it takes like 21 days for a behavior or habit to become a personal character. Therefore, the habits you form can easily end up control your thoughts in a positive or negative way. It is up to you to decide which habit is good or bad and...more
A financial psychologist once said that to make smart decisions regarding your money, you need to let the logical side of your brain rather than the emotional one to dominate. Avoid being emotionally attached to your investments. There are people who would cling to certain stocks because they inherited from their parents and their parents used to love them or because they work for the company and selling would be disloyal. Before purchasing something evaluate whether the product or service is worth that price in enjoyment considering how you will use it and if you can get the same quality for less. Beware of retaliatory spending; do not ever go on a shopping spree because you are stressed, or you have had a fight with your partner or an argument with your boss. No matter how better you think it will make you feel, it will damage your financial health. It is wise not to cling on to debt. For instance, there are people with money in their savings account earning less than two percent, and have debt in their credit cards that are being charged more than fourteen percent. It is good to save for a rainy day, but if you have more than enough savings you can pay your debt...more
Colleges are seeing a rise in enrollment, and more people are applying for federal student financial aid than ever before. The government encourages students straight out of high school, and non-traditional students, by offering subsidized and...more
They say that up to 95% of Americans are not ready for retirement at age 65. That is, they don't have enough investments to live on, enough income to live according to their accustomed manner. It's no surprise to you that we're in an economic turmoil...more
Every one of us dream about a peaceful and prosperous life where there is no botheration for time and money. This is a kind of life that every family craves for. This is known as financial freedom in the true sense. The secret to...more
Often there would be times when we find ourselves short on cash and already in panic mode because we don't know where to get the money to pay for bills; utilities and worse; emergencies.Today's hard times should encourage all of us to stash a little...more
One of the most important financial tools in modern times is the credit card. Their uses in varied places are opening up new avenues of personal finance. People prefer using plastic money as it reduces chances of being misused. The use of credit...more
Wind Turbines are the center of much debate and controversy in many communities. Some say that installing wind turbines and turning to wind energy does not make financial sense. Others say that the industry has evolved and it makes...more