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Three Ways to Build your Net Worth

Net worth is numero uno in becoming financially independent. There are three ways to build net worth over time. There should be some combination of at least two if not all three, that would work for each individual. This is not to say that you cannot develop a financial plan solely based on one of

9 Alternatives to Savings and Checking Accounts

Saving money is great first step towards financial independence. However, investing that money wisely accelerates the path to building wealth and early retirement. With interest rates so low, the money sitting in savings account earns next to nothing. If you are like me who regularly keeps aside money, here are a few alternatives to savings

Investment Portfolio that will Outperform Most Investors and Active Fund Managers

How long does it take to manage the money your have worked so hard to earn? Less time than you think. My Early Days of Investing It can be a daunting task to come up with a portfolio that has the right level of risk and volatility, has enough diversification and consistently provides returns that

How to Benefit from Rising Interest Rates

In the Federal Reserver’s meeting last week, its clear that another interest rate hike is on the table for as early as March. The fed has already increased rates once in 2015 and in 2016 and most likely, they are going to increase two to three times in 2017. From a personal finance perspective, I

Smart Investing Based On Time Horizon And Risk Tolerance

When investing money, there are two variables that are critical to selecting the right investment vehicle – the time horizon and risk tolerance. The best way to allocate your money is to think about putting it in different buckets based on your time horizon and how much risk you are willing to take. Time Horizon The

How your Savings Account is Making you Poor and What you Can Do About It

You are working hard and making good money. Then you spend that money wisely and tuck away a part of your salary in your savings account each month to build your nest egg. With your bank even paying you some interest on the money and helping you save, it sounds like a no-brainer- right? Think

Why Most Mutual Funds Lag Behind the Market?

According to recent research by Dalbar, the average mutual fund investor has gotten only a 2.6% net annualized rate of return for the 10-year time period ending Dec. 31, 2013. The same average investor got a staggering 2.5% over 20 years, while the 30-year annualized rate is just 1.9%. That is jaw dropping. In comparison,

10 Easy Ways to Start Making Extra Money This Year

The best way to grow your net worth is by saving aggressively and investing it wisely. But you need money to begin investing and saving money can only take you so far if you are making less money to begin with. One way to accelerate your savings rate is to make more money. If you looking to

How to Buy a Life Insurance Policy for Cheap?

Life insurance is something a most of us need at some point in our life. Currently about 62% of people own life insurance policy in U.S., where as 85% of consumers agree that most people need life insurance. There are about 850 life insurance companies in U.S. offering different products such as term, whole life, variable

How Much Money Do You Really Need to Save for Retirement?

How much money do you need before you can say adios to your job. It can be difficult to know whether you are ahead, behind or on track for your retirement savings. There are several ways to determine if your retirement savings are on track. The simplest answer is to use the well-known 4% rule