What happens to your investments and savings when you’re facing a catastrophic event beyond your control? This could be in the form of an economic downturn, medical emergency, or job loss or other career-related event. How do you survive and protect yourself during this situation? This post is in response to a reader question we received recently.
If you want to be a successful investor, you absolutely need to understand your personal economics as well as the economy around you. These factors will have an impact on the success of your investments.
When the market takes a dive, protecting your investments seems like a single-focused strategy. However, there are other important financial moves you need to make in order to protect your entire portfolio, assets and finances. It’s easier to deal with a downturn in the market, but how do you successfully handle volatile times when it comes to your overall well-being?
This is part two of our response to a reader question we received recently. To read the complete question and our answer, check out How to Rebuild Your Savings After a Catastrophic Event — PART 1. In this post, we’ll deal with rebuilding your savings in the aftermath of a career crisis.
At the time I write this article, it’s eighteen months until the 2016 election. Even so, the Democratic party is already gearing up to make minimum wage and income inequality the two biggest issues. Hillary Clinton just announced her run for presidency, and right out of the gate she’s already made a speech about the inequality of CEOs when compared the common worker.
Earlier this year, James Rickards released The Death of Money, his book about the forces conspiring to result in the collapse of the current monetary system, and the steps you can take to shore up your own finances for the future. Here’s my in-depth interview with the author.
We all face financial emergencies; that’s just part of life. But how you handle them will determine your success with money and building wealth. One of the best ways to combat financial setbacks is to create a financial emergency kit. Here’s how to assemble one so you’ll be prepared when disaster strikes or the economy fails you (again).
Millennials are a hot topic in the media and often get a bad rap. Described as people who were born after 1980 and often referred to as the “me” generation, Millennials are characterized by their social savviness, laziness, desire for instant gratification, and are often considered narcissistic, yet open-minded.
You might think estate plans and trusts are something mostly for “rich people“. But think again. There are two reasons to create a trust to protect your assets, and they’re factors that can affect everyone, regardless of how much money they have.
One of the scariest prospects in our litigious society is that someone will decide to sue you. Whether it’s due to the result of an accident, or some sort of error in your business, the thought that someone could sue you for your assets can keep you up at night.
If you want to be a successful investor, there’s one absolutely critical skill you need to acquire, and that is the ability to read a financial statement. This is particularly important if you trade individuals stocks.