Published Blogs Finance

How can I possibly save enough for my child’s college education?

Posted By Mdinich on Finance - While it’s true that saving for college is easier the earlier you start, all hope is not lost if you waited a few years to get started. Despite the rising cost of a four-year degree, it’s still an important asset for climbing the career ladder in most professional settings.Paying for college is a financial goal for many parents but with an 18-year savings timeframe, it can easily fall by the wayside. Many people get so wrapped up in the day-to-day realities of getting the bills paid that they don’t get serious about college savings until their children’s preteen or teen years.

The Ultimate Guide To Financial Freedom

Posted By Mdinich on Finance - By now, you’ve probably heard of the FIRE movement. FIRE, which stands for Financial Independence, Retire Early, is everywhere. As a matter of fact, there is even a new movie coming out called Playing With Fire. The film itself documents a young family’s journey into the FIRE subculture as they look for a way to cut down time spent working versus time spent with their family.Financial freedom is a term used loosely, along with financial independence, and while they are very similar, they aren’t quite the same. The difference? Financial freedom allows you to completely walk away from your career without owing anyone a thing.

The Ultimate Blueprint To Paying Off Your Student Loans

Posted By Mdinich on Finance - With student loan debt, it can seem like your payments will last forever. But, there are ways to make paying off your student loans much easier. Whether you’re in the thick of paying them off, considering taking out student loans, or somewhere in the middle, knowing the right strategies to use will save you a lot of money and stress when it comes to paying off your student loans faster.As the second highest consumer debt, the average student loan balance tops $37,000 for the Class of 2016. If most of your paycheck goes to pay student loans because you haven’t yet met your earning potential, you can feel trapped.  There is hope, and you can get rid of your debt faster by upgrading your student loan repayment options.

Top Ten Ways To Avoid Bad Investments

Posted By Mdinich on Finance - When it comes to making investment decisions, sometimes our emotions take over for common sense. While we usually rely on our knowledge and experience to point us in the right direction, investing doesn’t always work that way.Fortunately, there are things you can do to keep on the right track. While you can’t control the markets, you can control your own behavior and how you respond. When making investment decisions, it’s essential to take into account a few potential pitfalls.

Tips on Budgeting and Saving Money

Posted By Mdinich on Finance - Budgeting and saving money are closely related because budgeting is the most effective tool people use to save money. And no, budgeting isn’t just about tightening the belt and spending less. It’s about putting your money to work for you so that you prioritize and spend on the things that are most important.So today I will be sharing with you some of the most effective tips that you can use to be successful when it comes to budgeting and saving money.

How To Negotiate A Car Lease To Get the Best Deal

Posted By thefinancetwins on Finance - Buying or leasing a car should be fun and exciting, but in reality it’s a huge headache. What is a fair price? How do I negotiate a car lease? Am I going to get bamboozled? Just last month I underwent this daunting task myself and leased a new 2018 Mazda CX-5. I want to share […]The post How To Negotiate A Car Lease To Get the Best Deal appeared first on The Finance Twins.

How To Overcome Your Fear Of Personal Finances

Posted By Mdinich on Finance - Have you ever been afraid to log into your bank account or check your credit card balances? If you’re losing sleep over your personal finances, you’re not alone. According to a Bankrate survey, 36 percent of Americans are losing sleep over money troubles.While money anxiety can be more common than we realize, it’s important to address it sooner rather than later. Ignoring your finances will hurt you in the long run, even if it feels better to bury your head in the sand right now. Money troubles never go away unless you take charge of your situation and address them head-on.

The NextGen Wealth Weekly Roundup, November 9, 2018

Posted By Mdinich on Finance - Welcome to a new feature on the blog, each Friday I will share with you interesting articles from across the web. I hope you enjoy and absolutely feel free to share and pass along.Our Kansas City Financial Planner Weekly RoundupIf you live in Kansas City, then you just experienced our first snow of the year yesterday. And, in my opinion, hopefully, the first of many more to come. It’s always fun to see snow on the ground.

What Is Compound Interest?

Posted By thefinancetwins on Finance - Professional sports is full of stories about young adults becoming millionaires overnight. Sadly, many also seem to go broke overnight. But one player is doing his part to teach his teammates about how to manage their money. Today’s lesson: compound interest. In the clip below, you can see NFL player Carl Nassib explaining the power […]The post What Is Compound Interest? appeared first on The Finance Twins.

Healthy Habits – Being Unhealthy is Expensive

Posted By thefinancetwins on Finance - Building healthy habits can seem daunting, but being unhealthy is more costly than people realize. It’s no surprise that healthcare is the largest sector of the economy and the #1 employer in the U.S. But sadly, medical bills alone are enough to cripple any well-planned and executed retirement plan. Building healthy habits just seems so […]The post Healthy Habits – Being Unhealthy is Expensive appeared first on The Finance Twins.