“It’s possible to invest without losing money. In the current market, where interest rates are very low, any investment guaranteed to not lose money will have a very small return.
“For most people thinking about investing, the goal is to minimize the potential for losses while maximizing how much you might make. Exactly how you do that — and where you put your money — depends a lot on what type of investor you are, and what your goals are.”
Trying to figure out if renting or buying is best for your family? Thinking about a few questions can help you answer this question.
“Homeownership was once the cornerstone of the American Dream, but times are changing. More U.S. households are renting today than at any point in the last 50 years, according to a Pew Research Center analysis.”
How long are you planning on living there?
Consider all of the hidden costs associated with both renting and owning.
Are you saving and investing? Or throwing your money away?
Living below your means is crucial if you’re to get ahead financially.
Being financially frugal is not just an old-fashioned trend that you can disregard in this life. MSN has a basic list of how and why to be frugal, with the article “6 Rules for Living Frugally”. Their rules?
Really know your money
Live below (not just within) your income
Realize there’s a distinction between spending and investing