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Archives for March 2021

3 Tips For Saving For Retirement And Beyond While You’re Still Young

By Thomas on March 30, 2021

When you’re young and just starting off your life, family, and career, it’s not uncommon to have things like retirement or elder care be completely off your radar. However, the longer you wait to figure things out like this, the harder it will be for you to be totally prepared when the time comes to start making decisions about these things.

So to help you be as ready for your future as possible, here are three tips for saving for retirement and beyond while you’re still young.

Think Into The Future For Your Goals

Although you might not have a detailed idea of what you want your future to hold as you near retirement and beyond, Ben Geier, a contributor to Smart Assets, shares that by doing an honest assessment about what you want your retirement to look like, you can better know what you need to start doing now in order to reach those goals.

For example, if you want to be able to retire early and get some traveling in while your body is still feeling good, you’re likely going to need to be much more aggressive about saving and investing while you’re young. This can mean forgoing some fun now for fun that will be able to have in the future. But without thinking about your future now, you won’t have this option available for yourself.

Financially Prepare For Health Issues

As you get older, your body is likely to need more and more medical attention. So to ensure that you’ll have the funds you need to meet your needs, it’s wise to start financially preparing now for future health issues.

To do this, Tiffany Lam-Balfour, a contributor to NerdWallet.com, suggests looking into long-term care policies or using a health savings account. Both of these options will help you to have money available to you for your health care needs even when you’re not bringing in a steady income anymore.

Aim For Investing 15 Percent Into A Retirement Account

When you’re young and have less financial burdens with a growing family and other responsibilities, DaveRamsey.com shares that one of the best ways to prepare for retirement and your future is to start investing in a retirement account now.

Ideally, you should aim to save 15 percent of your gross income in a retirement account that will grow over the years. But if you can’t get to this amount right now, try to at least contribute enough to meet any employer match that’s available to you in a 401(k), as this is free money that you’ll be able to use in the future.

If you’re young and are starting to think about how you’ll be financially once you reach retirement age, consider using the tips mentioned above to help you begin preparing for this now.

 

A Beginner’s Guide to Stock Trading

By Thomas on March 19, 2021

If you are a novice who is interested in learning about stock trading, there are many educational platforms that can help you get started. Before you dabble in doing stock transactions, start off with choosing a brokerage account. Many brokerage platforms help you in the process of starting to trade, though there are certain aspects that you should know first.

Different Ways to Invest in Stocks

There are several approaches that you can take towards investing in the stock market. You can choose the kind of funds that you wish to put your money in. You might decide, for example, to opt for a robo advisory service. That is often the best choice for beginners. Such expert-guided investment comes at a low cost and can also provide choices with minimum risk. The other option is to invest in the retirement benefits or schemes that your employer provides. To learn and get started, the use of stock market trading apps is also a good idea.

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Guide to stock trading

Source: stocktradingschool.com

Steps to Get Started

Basic steps involve picking the right brokerage to trade through, placing trades and understanding how it impacts your budget and taxes.

  • Choose an Online Brokerage

Find a reputed and reliable stock brokerage online, preferably one that has educational demo modes to offer. Hence, you can see demos of how trade actions are executed on such a platform. You also need to compare trading commissions charged by the different sites. Once you feel confident, you can sign up for a membership account. Many offer a seamless trading experience, through desktop as well as through mobile apps.

  • Research Stocks

Once you have signed up on an online brokerage, you can choose the kind of stocks you wish to trade. For those who are new to this, it is safer to start with exchange-traded funds or ETFs. These are stock bundles that investors buy. It helps those who are not confident enough to choose a single company. It also helps give your portfolio a larger exposure. Traders can also diversify holdings with different kinds of assets such as bonds. That way, you can hedge against risks, especially when stock markets have a downturn. You also need to check financial analysis ratios which compare the performance of a company against that of competitors.

  • Know the Costs

Success in stock trading comes from optimal spending. First, you need to know the cost of owning or trading in securities. There are also commission fees involved. Once you have an estimate of such expenses, compare the same against the average returns that your choice of funds potentially provides. Also, plan your budget so you spend only what you can afford to lose.

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Stock trading comes from optimal spending

Source: nbcnews.com

  • Effects on Taxes

Know that profits you make will attract capital gains taxes. If you hold stocks for less than a single year, you pay more in terms of such taxes. Hence, such taxes are designed to encourage long term investments.

Conclusion

There is much to know and learn about stock trading. However, the expert brokerages make it easy and can assist beginners through the entire process. It is important, though, to be mindful of the expenses and taxes applicable.

 

Level Up Your Real Estate Investing Portfolio In 2021 With Hard Money Bankers

By Thomas on March 15, 2021

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Real estate investment is one of the best investment portfolios anyone can have in today’s world. The potentials are just interesting and worth going all in for. But then, what stops most people from committing enough investment into real estate is the lack of funds.

Usually, this problem is solved by borrowing from traditional lenders. But, recently, the experience of many have shown that the process is always onerous and not yielding the desired result.

This is why a better alternative should be sought and used to level up your real estate investment portfolio. One of the best alternatives you can have in 2021 is Hard Money Bankers.

Hard Money Bankers is known for offering short-term financing solutions for real estate investors who are finding it difficult to source funding for their real estate investing projects through traditional lenders. They provide financing from single residential investment properties through large commercial projects and burgeoning real estate portfolios.

This is why in this post; you will see how to level up your real estate investing portfolio with Hard Money Bankers.

Why Should You Use Hard Money Bankers to Level Up Your Real Estate Investing Portfolio?

There are many reasons to consider Hard Money Bankers in 2021. Some of those reasons are:

  • Hard Money Bankers Are Quick: What you often spend the whole time getting with your traditional lenders can be gotten in no time when you deal with us. With Hard money Bankers, you eradicate the problem of having to wait endlessly for your real estate investment loan.
  • Flexible Loan Review: Unlike the onerous process for loan review with traditional lenders, Hard Money Bankers offers you flexible process. The loan review is without any arduous criterion.
  • If you don’t qualify for conventional loan, you have a chance with Hard Money Bankers: Without a doubt, it is always difficult for new investors in real estate to get loan from traditional bank. This has always been a huge problem for new investors who desire to grow their real estate business.

    But this doesn’t have to be the issue anymore. With HMB, you can qualify for loan and level up your real estate investment portfolio.

    You can contact them on their website at to see if you qualify for a hard money loan.

What Do Hard Money Bankers Look For?

When you approach HMB for loans to level up your real estate investment, some things are considered.

Often, HMB needs to evaluate you as a borrower. Just like your traditional bank would do, we need to know your capability.

In this light, whether or not you have a good deal would be considered. Also, your property would be considered and your capability of doing the deal. This is why you should build trust with us just the same way you would with your traditional borrower.

Important Reminder

In all, as you decide to approach any Hard Money lenders, ensure you vet the one you are dealing with. This is to avoid falling victim to some unscrupulous agents in the industry.

One of the best ways to know genuine Hard Money Lenders is to check them up at your local Real Estate Investor’s Association.

Read Next:
Hard Money Bankers Shares: How Real Estate Investors Have Adapted During Unprecedented Times?
6 Trends That Will Shape The Financial Services Industry In 2021

 

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I’m Thomas Stevens, a financial advisor who has a love for SEO. Anything numbers related excited me, so I started blogging about finances and budgeting. I also help others blog about finance – it’s always good to have a niche! Read More…

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I’m Thomas Stevens, a financial advisor who has a love for SEO.

Anything numbers related excited me, so I started blogging about finances and budgeting. I also help others blog about finance – it’s always good to have a niche!

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