Tag Archives: personal finance

Money Monday: Saving for retirement

“Far too many people make bad choices when it comes to retirement. It’s the equivalent of choosing candy bars over the solid meal…

retirement

“How can we make better decisions for retirement planning? One principle is the knowledge that increasing saving over time will build a bigger nest egg. Here are three key moves that can lead to a better outcome”:

Read Forbes’ article here: www.forbes.com/sites/johnwasik/2018/09/10/how-much-do-you-need-to-retire-3-ways-to-get-it-right/#777f994743d4

Money Monday: Preparing for a recession

4 things you can do to be recession-ready

real estate market and recession

Thankfully, there are things that all of us can do to prepare for our country’s next recession, regardless of when it hits. Here are a few moves that’ll help you get ready.

1. Build an emergency fund

2. Diversify your investments

3. Get a side job

4. Lower your fixed living costs

And for more details, read Money CNN’s article on the topic: “4 things you can do to be recession-ready.”

Money Monday: Make sure you’re ready to retire

Ready to retire? Make sure with these guidelines from CNN:

retirement“Retirement can be wonderful — if you’re prepared for it. So before you put an end to your career, it’s essential to make sure you’re 100% ready.

“Not sure how to do that? Taking these five steps can put you on the path to a happy and secure retirement.

  1. Plan with your spouse
  2. Where will future finances come from?
  3. Test with a retirement budget
  4. Plan your healthcare
  5. What will you do during retirement?

Read the entire article from CNN: “5 steps to making sure you’re ready to retire”.

Money Monday: The differences between fixed-rate and adjustable-rate mortgages

If you’ve never bought a home before, the whole process can seem a little confusing. One of the first things you have to figure out is whether you should get a fixed-rate or adjustable-rate mortgage. Most people choose the fixed-rate mortgage without even thinking about it, but there are situations where an adjustable-rate mortgage may be a better fit.

mortgage rates and property taxes

Read CNN’s “Should I get a fixed- or adjustable-rate mortgage?” article to find out the differences between the two and to figure out what’s best for you personally when buying a home.

Money Monday: Questions to ask yourself if you want to retire early

In today’s society, with so many demands on our money, retiring is a challenge.

retirement

“With so many money distractions, having a system to get on track to retire earlier — and stay on track — can help. A weekly money meeting, an appointment you keep with yourself or your partner if you have one, can be a great start. ” Ask yourself these questions and more (10 total from Forbes):

  1. What do I want to do in five or ten years that I need to start saving for now?
  2. What is a major financial goal that I would like to accomplish within the year?
  3. What steps do I need to take right now to reach that goal?
  4. More questions on Forbes’ article here.

Money Monday: Hacks to save more money

Saving is the first step to building wealth.

We all know saving money is important, yet many of us struggle to make consistent progress.

Forbes has nine hacks to help you save more, here on their article: “9 Hacks to Help You Save More Money”. Here’s a couple of them:

  • Establish clear goals
  • Take small steps to build up to your goal
  • Use raises to save even more

Money Monday: Summertime features raise home prices

Homes with amenities geared toward summer activities hold high buyer appeal.

And in Southern California, it’s a perfect place to have some of these features incorporated into your home. If you’re thinking of selling, it just might help you fetch top dollar for your home!

CALIFORNIA ASSOCIATION OF REALTORS | Summertime house features infographic

This infographic is from CAR.org.

Money Monday: First-time landlord tips

Renting out your home or another property can be nerve-wracking.

There’s a great article from Yahoo Finance on how to go about being a landlord. Here’s a handful of their tips, but click over to their article for all of the tips and details.

  • Make rent collection a priority.
  • Purchase and require insurance.
  • Screen all potential tenants.