Saving and Investing are two tools that can help build personal wealth. Saving money is a result of a well-developed budget. When it comes to investing, there are risks that you need to consider and managed. At most, people who are financially successful stretched their patience to risks. The return of investment is based on the amount of risks you allowed and managed. When the risks are great, the returns are also great. Conversely, when you are...more
A purposeless retirement means spending the rest of your retirement years doing practically nothing. Leisure and travel right after your retirement is like your gift to yourself. These things do not last for long though even if you have a big fat bank account. You will get tired of them eventually.A purposeless retirement could be caused by a lot of factors such as not having a plan and retiring for the wrong reasons. Planning ahead is important....more
Traditional retirement means retiring at age 65 and do one or more of the following: stay at home and wait for your pension every month; do some hobbies for the elderly, such as knitting and gardening or golfing and traveling the world for those who had saved more than enough money for their retirement.Retiring the traditional way usually involves non-productive activities. Our brain, just like our muscles, becomes weak when we do not exercise it. A dormant brain will deeply affect most of our mental functions. Those who retired traditionally also have more problems compared to those who involve themselves in productive activities.The traditional meaning of retirement is withdrawal from the workforce into leisure, relaxation, and a slide into the end of life. The last one is quite disturbing; my point is, the world has changed and if you succumb yourself into traditional retirement, you are letting yourself to be left behind; and honestly, it would not really be leisure and relaxation if health issues and financial issues brought about by health issues worries you with the rest of your retirement. It is definitely alright if you do golf and travel the world and do the things that...more
Financial freedom is a state where money is no longer an issue in your life. You never need to worry about not having enough money. You never need to think about having to make money. And your choices are not determined solely by the cost. Financial freedom allows individuals to live life fully, however each individual chooses. Everyone has the...more
Saving and Investing are two tools that can help build personal wealth. Saving money is a result of a well-developed budget. When it comes to investing, there are risks that you need to consider and managed. At most, people who are financially successful stretched their patience to risks. The return of investment is based on the amount of risks you...more
People who are successful in achieving their financial goals know that it did not happen overnight, after a week, a month or even a year after that. In contrast, it took them years to build personal wealth. They set specific financial goals, managed the risks and strive hard to achieve them. In making strategies, it is important to focus them on specific goals. Now, in preparing and setting your goals, do not forget that you are human. No matter from which angle you will take a peek, you have limitations. Here are few considerations to remember:1. Be realistic. Study, analyze and evaluate your resources, which include not just your finances, but also your knowledge, skills, abilities, manpower and your environment. 2. Set time restrictions. Depending on the type of goals that you pursue, you must set time limits on each of them; and do your utmost to achieve your goals within the time frame that you have given. Avoid procrastination.3. Create a plan. Your plan should help you materialize your goals. It should purport to its achievement, and should help you get back on the right track should you deviate from your plans.4. Be flexible. Do not become narrow-minded. There are...more
Managing financial assets is something that is popular to many individuals thinking of their future. There are several financial management firms that take the responsibility of managing a person or companys worth to try and make the most with the...more
If you have ever wanted to get into business for yourself, now is the time. Never before have people needed the freedom that comes with self employment as they do now. And never has there been so much opportunity. Sure, the job market may be scarce,...more
It is human nature to build personal wealth. There are different concepts that can be inferred from wealth. It could mean financial freedom to most men and worry not about their family's future. It could also mean retirement security and never have...more
Individual Retirement Accounts are investment tools that many people use to help build personal wealth. These are earmark funds for retirement security. The funds on the IRA grows tax-free until your retirement, at which time, your money is ripe for...more
Author: Dolph LundgrenWhat could feel more liberating than the idea of financial freedom? The fantasy is usually manifested in the ubiquitous question, “What would you do if you had a million dollars?” Almost always, the answer involves the...more
It is true, you can build personal wealth. When you choose the right scheme for your financial budget, when you understand the importance of savings and good investments, and incur fewer debts, it is possible to achieve your financial goals. In...more